BX is a global, decentralized peer-to-peer betting and prediction market ecosystem that will allow its users to place bets on any market created by the community using the BX token. With the smart contract power of the ethereum blockchain, BX is able to cut out the middleman and give its users full control over their funds and betting transactions at all time.
BX aims to completely disrupt and redefine the traditional betting industry by offering its users a unique betting experience.
Our decentralized, blockchain based approach eliminates non-distributed processes and allows players to benefit from full transparency and total control over their betting experience. We remove the middleman and hand control back to the user.
BX neutralises all problems and weaknesses from the current betting market, by introducing a powerful and distributed ecosystem running on self-executing smart contracts, which significantly cuts transaction and operational costs.
Problems of The Betting Industry
The result of this is that the difference factor is usually very high and in most cases will favor the bookmaker. This is due to the fact that all bookmakers use structures that are centralized. Such problems, if not controlled, can be very unpleasant for gamers, since a typical player cannot determine how fair the process is. It is worth more detail to consider existing problems:
- Lack of Trust - Traditional betting operators require a high degree of trust - which is sometimes exploited by the bookmakers, to the detriment of their users. On the other hand, this responsibility results in high procedural and financial expenditures for the bookmakers as well.
- Lack of transparency - The processes of traditional bookmakers remain hidden, giving no insights into what information led to specific odds and making it impossible to ascertain whether the odds are fair or set too far in the bookmakers' favor.
- Interference of Provider & Limitations - Within the current sports betting landscape, the players are very limited in their freedom of betting. bookmakers can limit the players in their betting behaviour and even penalise players who frequently win, by banning or restricting them.
- High Costs - High costs are required to run a traditional betting operator safely and efficiently for both the players and the company. These costs are reflected in high margin odds and directly charged to the players.
Solution
Our decentralized, blockchain based approach eliminates non-distributed processes and allows players to benefit from full transparency and total control over their betting experience. We remove the middleman and hand control back to the user.
BX.BET neutralises all problems and weaknesses from the current betting market, by introducing a powerful and distributed ecosystem running on self-executing smart contracts, which significantly cuts transaction and operational costs.
The Market
Our vision is to create an ecosystem which fully supports each of the following market types, to provide a truly unique and engaging experience for all players
How to Work Ecosystem
Exchange Between - Exchange exchange BX establishes a central hub for its users to receive or offer bets on market results.
Cost Structure - BX will establish a fair and transparent cost structure, which is solely designed to keep the ecosystems running. The overall cost will be much lower than the industry standard.
Smx BX Contract - All BX bet transactions, as well as payments, will run safely, independently and transparently in blockchain using Smart Contract Technology.
Market Owner - Being a bet has never been easier. In the BX ecosystem, each user can become a Market Owner and receive part of the market they have created.
Bitting Markets - BX will offer two types of betting markets in the ecosystem: private and public markets.
First - BX will introduce a BX voting system as a decentralized Oracle to determine the results of bets safely and reliably
Token Sale Details
Pre-Token Sale start date : 3rd September 2018
Pre-Token Sale end date : 17th September 2018
Main Token Sale start date : 8th October 2018
Main Token Sale end date : 5th November 2018
Total token supply : 200,000,000
Total tokens offered : 120,000,000
Hard cap : $20,000,000
Soft cap : $5,000,000
Token symbol : BX
Token sale price : 1 BX = 0.19 USD
Blockchain used : Ethereum
Token standard : ERC20
Token type : Utility
Milestones
1
Q3 2017
Project kick-off
2
Q4 2017
Product / concept development
3
Q1 2018
Token Offer Development and MVP Development.
4
Q3 2018
Private sale and Pre-Token Offer
Public Token Offer
5
Q4 2018
Development First Exchange Listings.
Release of the private alpha version of BX.
Regulations and Licensing.
6
Q1 2019
BX Public beta and BX Wallet release.
7
Q2 2019
API / Mobile app release.
8
Q3 2019
BX roll out with full functionality.
9
Q4 2019
Implementation of financial markets & all eSports feature.
10
2020+
Offline presence and other great expansion in the BX ecosystem.
For more information
Website: http://www.bx.bet/
Whitepaper: https://bx.bet/static/files/whitepaper.pdf
Telegram: https://t.me/bxbet
Twitter: https://twitter.com/BXBETico
Facebook: https://www.facebook.com/BXBET/
Medium: https://medium.com/bxbet
Youtube:https://www.youtube.com/channel/UCGmpGplemqWL8l2wxOXamOw
ANN thread: https://bitcointalk.org/index.php?topic=4641799.0
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