Bx.Bet- the blockchain based decentralised betting exchange.
Hello everyone, its a good day to make a review of a revolutionary project.
Looking at the world now, betting is a really common subject topic; almost everyone has either participated in a bet once or are still participating. Some people might choose to call the general idea gambling and others call it betting but the general idea still remains the same with the most common type of betting being sport betting.
Bx.bet would no doubt disrupt the traditional betting system and create a more beneficial betting ecosystem. Traditional betting ecosystem is plagued with several issues which lead to the increased odds in favour of the betting bookmaker and this should not be so. We have seen several cases of some bet parameters being made available on some betting platforms but are not available on other betting platforms; this in most cases drives users to open several accounts on several betting platforms and whay this implies is that users have to split up their funds to be able to make use of the betting platforms they are registered on. Some betting platforms even provide means for users to minimize their losses even if a game is still on and other platforms do not provide its users with this benefit.
There are a lot of problems plaguing the traditional betting ecosystem and the perfect solution to these problems can be found in the blockchain technology.
Since the introduction of the blockchain technology, several industries have been upgraded with the prevalent issues with these industries being solved using the blockchain technology. The blockchain technology has been applied to several industries and now it is being applied to the betting industry.
Imagine a user of a betting platform having full and complete control over his/her funds and even the betting transactions he/she makes and not a third party via the betting platform being made used of, then he/she invariably controls the level and amount of profit being made; this is what BX is proposing with the leveraging of the blockchain technology. It is very safe to say that BX is the future of betting.
Generally for one to place any kind of bet on any betting platform, he/she needs to transfer funds that would be used for betting to the betting platform and this act definintely requires a level of trust to already be in place because the real test of trust arises when a withdrawal is requested; there is no guarantee that the request would be completed but with BX, the blockchain technology ensures complete transparency and trust; there is always that guarantee that any transactional request made would be completed.
BX is a decentralised betting exchange that gives it's users full and complete control of their funds at all times. It essentially solves the issues related with the existing betting platforms.
BX Roadmap.
Q3 2017
-Project kick off
Q4 2017
-Product/concept development.
Q1 2018
-ICO development/MVP development.
08-2018
-Private sale, pre token sale.
Q3 2018
-Token sale is completed.
-The development of the BX ecosystem proceeds.
-BX token is listed on exchanges.
Q4 2018
-Release of the private alpha version of BX.
-Work continues to ensure that BX is in line with all regulatory requirements.
Q1 2019
-Release of the public beta version of BX.
-The BX desktop application goes live with the BX wallet included.
Q2 2019
-The native iOS and Android mobile apps of BX goes live with full support for all BX applications.
-The BX developer API is published and ready to use.
Q3 2019
-BX rollout with full functionality.
Q4 2019
-BX adds full integration of all Esport markets and financial markets.
2020 and The Future.
-Offline presence and other vgeat expansion in the BX ecosystem.
The BX token.
The BX token is the fuel for the BX ecosystem with all transactions done with the BX token. BX is a token based on the ERC20 token standard.
The Presale holds between July-August 2018 and Presale holds on September 2018.
Token symbol is BX with a total token supply of 200,000,000 BX from which 120,000,000 BX is made available for sale.
Softcap is set at $5,000,000 and hardcap at $20,000,000.
60% of the total token supply is allocated to public distribution, 10% is allocated to the team, 10% is reserved for advisors, 5% is allocated to bounties and 15% is kept as company reserve.
The Use of Funds is as follows:
50% would be used for development, 25% would be used for marketing, 15% would be used for operations, 5% for legal and 5% for miscellaneous.
Team.
Advisors.
Useful Links:
Website: http://www.bx.bet/
Whitepaper: https://bx.bet/static/files/whitepaper.pdf
Twitter: https://twitter.com/BXBETico
Facebook: https://www.facebook.com/BXBET/
Telegram: https://t.me/bxbet
Ann Thread: https://bitcointalk.org/index.php?topic=4641799.0
Writer's Bitcointalk username: kitanodebunmi
Writer's Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=1298583
Writer's Eth Address: 0x8183E3cE53d0fbEFb163185Fd21231609D7B464A
