Online betting is one of the fastest growing sectors in the world, more so, now that a huge percentage of the world’s population has mobile Internet access. The Gambling market has been growing very fast; in fact, in the past seven years, the market has been expanding exponentially at a compound annual rate of 9%! ie three times higher than that of the global GDP.
Blockchain technology is transparent and very secure. It has gained huge acceptance and adoption in recent years, and various institutions, businesses, and emerging projects are hinging on this decentralized, revolutioized technology to drive their concepts and existing products to the next level. Many blockchain entrepreneurs are looking to enter the gambling market, with the sole aiming of disrupting it. Gambling has a very clear range of issues that must be resolved to give the industry a better reputation. Blockchain can actually solve these issues quite easily through it's transparent system and smart contract technology.
It is my pleasure to bring this blockchain powered betting project to you today; BETBOX!
INTRODUCING BETBOX
BETBOX network is a decentralized, transparent, robust, P2P (peer to peer) betting platform with the sole aim of exterminating present challenges faced by bet lovers while providing a safe, seamless and comfortable platform to bet. There are numerous advantages of choosing Betbox over traditional betting platforms , Betbox offers a simple and fair betting platform, giving incentives to users, blockchain technology decentralized betting, security of funds of users, trust and transparency. The Betbox mobile application will be available for download and installation for Android (google play), iOS (apple) users, and web (desktop) users which are all in English language but more languages will be introduced in the nearest future. On Betbox ecosystem winners of a particular bet do not only get rewarded, losers who concede to defeat will be incentivized, they are not abandoned like traditional betting providers this will be discussed below. OX tokens holders will be rewarded for participating in specific tasks which includes voting, fairness, contributing to the network, and performing actions for their loyalty and adding value to Betbox .
PLATFORM FEATURES
Secure Wallets: Our wallets provide the latest security features to store your assets. Even with few technical know-how you can easily manage your assets remotely from your device.
Trustless Book-Maker: Our SmartContracts work without a centralized party and guarantee a fair and honest distribution of the jackpot. The voting mechanism is secured by Verity; a decentralized oracle.
Earn money: In betbox there are several ways to earn money. Either you participate in the voting, accomplish personal challenges or you win a lottery or gambling game.
Individual Bet: Create individual bets for you and your friends or in public and become the king over betbox. All bets can be placed in cryptocurrencies and soon also in FIAT.
Personal Challenges: Set up crazy challenges and get 10% of the jackpot as a reward for the achievement. Everyone can predict if you can hold your word with a bet on or against you.
Live Feed: Decide what activity you want to see and customize your feed according to your preferences. With this feature you always see which bet is going crazy and maybe also peak on your friends challenges.
MOBILE APP
With the provided betbox alpha UI now only web via Metamask users can access smartcontracts to store, verify and fairly distribute assets at stake by placing individual or predefined bets and agree upon the outcome by private or public voting. The Betbox mobile application will be available for download and installation for Android (google play), iOS (apple) users, and web (desktop) users which are all in English language but more languages will be introduced in the nearest future.
BETBOX TOKEN OX
OX is an erc-20 compatible token created on the Ethereum smart contract because of its reliability, availability, transparency, and security. OX is the acronym for Betbox token, this native cryptocurrency created by the betbox ecosystem will fuel the network. It will be used as standard mode of payment when placing bets, staking, voting and for other payments on the ecosystem. To ensure the preservation of OX tokens BETBOX network may burn OX and reward holders with Ethereum in the buyback and burn phase each quarter of the year.
TOKEN DETAILS
Token Name : BETBOX TOKEN
Ticker : OX
Network : ERC-20 COMPATIBLE (ETHEREUM)
Total Issued Supply : 100 MILLION OX
Total Supply : NIL
Price Per Token : 0.00004 ETH PER ONE
Market Cap After TGE: 40,000 ETH
ICO Hardcap : 32,000
TEAM
CONCLUSIVELY
The betting and gambling sphere is still perceived with some degree distaste from certain quarters. Betting platforms are supposed to be a place to earn and learn simultaneously, yet several issues and negative experiences have left a sour taste in the mouth of certain users. Any project in the gambling industry must focus on the pre existing issues as this will be a yardstick to measure how successful it will eventually become.
The Betbox project aims to build a global community where usersare challenging each other in a trusted and secure ecosystem. Betbox will gradually increase the variation of bets by deploying various smartcontracts with predefined cash-games or other specialties for entertainment.
Please do well to use the links below to get more concrete info on this project.
Website:
https://betbox.app/
Whitepaper:
https://betbox.app/required/lightpaper-v1-betbox-decentralized-betting-app.pdf
Telegram:
https://t.me/betboxGlobal
Twitter:
https://twitter.com/@betbox_OX
Bounty0x Username : echoe2k4