What is BxBet?
BX is a global peer-to-peer betting exchange, where users can create or join public and private betting markets by using the BX crypto token. With the implementation of the blockchain power of the Ethereum smart contract technology, BX can cut out the middleman and give its users full control over their funds and betting transactions at all times. The BX ecosystem is secure, tamper-proof, trustless and completely transparent.
BX is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. BX has the vision to create a whole new betting experience, where any user can take over the role of the bookmaker, create their own markets, place and offer bets with self-determined odds, and even participate in the outcome determination of a market. All by using the BX Token, which is conceived to become the global standard for all betting transactions.
Prediction markets are exchange-traded markets created for the purpose of trading the probability of certain outcomes of events. The market prices indicate the probability of an outcome based on the buy and sell orders of the crowd, similar to how stock prices indicate the value of a company based on the buy and sell orders of the traders. A prediction market contract trades between 0% and 100%. It is a binary option that will expire at the price of 0% or 100%. Based on the wisdom of the crowd, these particular markets are exceptionally accurate in predicting the outcome of events. While this is still a niche market, the most prominent decentralized prediction market, Augur, had a market cap of more than 1 billion USD (January 2018), an increase of more than 2.000% in 2017.
BXBet team believes that the danger and threat of wrong outcome attacks can be eliminated by using the BX outcome voting system. This outcome determination mechanism relies entirely on the wisdom of the crowd and considers several game theory models. It is strongly inspired by Vitalik’s SchellingCoins treatise and the Truthcoin whitepaper written by Paul Sztorc. The challenge of creating a genuinely decentralized oracle mechanism is building a system with incentives that are strong enough to keep the outcome voters honest.
Project Team:
The BX team has collectively more than 90 years’ diversified experience and brings to the project a holistic grasp of the online business ecosystem. Our team has been working with ventures of all sizes, markets and industries. We live and breathe entrepreneurship, and have been launching and developing new iGaming ventures with exceptional efficiency and an outstanding success rate for years.
Token Details:
The BX token is designed to enable the full functionality of BX, which makes it an integral part of the ecosystem. It is tradeable and can be divided into smaller fractions, thus fully serving the complex requirement profile of the BX ecosystem. The BX token will be the enabler for all BX betting applications. It will be utilized to conduct all transactions inside the BX ecosystem. The token is based on the ERC20 Ethereum token standard, which has become a widely accepted and highly secured token implementation standard.
Token BX
Price 1 BX = 0.19 USD
MVP/Prototype Available
Platform Ethereum
Accepting ETH, BTC, Fiat
Minimum investment 100 USD
Soft cap 5,000,000 USD
Hard cap 20,000,000 USD
Country Malta
Whitelist/KYC KYC & Whitelist
Restricted areas Algeria, Bangladesh, Bolivia
Verdict:
BX team has the vision to create a whole new betting experience, where any user can take over the role of the bookmaker, create their own markets, place and offer bets with self-determined odds, and even participate in the outcome determination of a market. All by using the BX Token, which is conceived to become the global standard for all betting transactions. BX aims to become the leading platform for all decentralized betting and prediction applications. Unlike its centralized competitors, BX counters all the problems and weaknesses of the current betting industry.
Important links:-
Website: https://bx.bet
Whitepaper: https://bx.bet/en/whitepaper
Telegram Group: https://t.me/joinchat/Gvx5m0lTk2MXpG9AGR1JzQ
Twitter: https://twitter.com/BXBETico
Facebook: https://www.facebook.com/BXBET/
ANN: https://bitcointalk.org/index.php?topic=4641799.0
Bounty: https://bitcointalk.org/index.php?topic=4751716.0
ETH: 0xCc538c6335203Cd2e771F27d12F4c90695366407
BTT: https://bitcointalk.org/index.php?action=profile;u=1495664
