THE DECENTRALIZED BETTING EXCHANGE 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.
The usage of the bespoke BX token as the key component to enable all betting transactions on BX, together with a strongly community-driven ecosystem, creates a unique and unprecedented betting experience with a strong focus on transparency, fairness and decentralization - without any limitations and restrictions.
The BX.BET project will turn the world of betting into something new and unique. The project will solve many current problems and become a single platform for players!
Problems that the BX.BET project will solve:
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 providers & 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.
BX.BET solution:
Decentralized, blockchain based approach eliminates non-distributed processes and allows players to benefit from full transparency and total control over their betting experience. BX remove the middleman and transmits 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.
Ecosystem BX.BET:
Betting exchange: The BX betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets.
Fee structure: BX will establish a fair and transparent fee structure, which is solely designed to keep the ecosystem running. The overall fee will be significantly lower than industry standards.
BX smart contracts: All BX betting transactions, as well as payouts, will run safely, autonomously and transparently on the blockchain by using Smart Contract Technology.
Market owner: Becoming a bookmaker has never been so easy. In the BX ecosystem, every user can become a Market Owner and receive a share of the market they have created.
Betting markets: BX will offer two types of betting markets within the ecosystem: private and public markets.
Oracle: BX will introduce the BX outcome voting system as a decentralized Oracle to determine the outcomes of the bets securely and reliably.
Benefits of using BX.BET exchange.
Betting exchange functionality on the blockchain: BX will bring the full functionality of a betting exchange to the blockchain and revolutionize the way betting will take place in the future.
Become the market owner: With our Market Owner concept, BX eliminates the problem of illiquid betting markets by giving a robust incentive model for the Market Owner to ensure liquidity in every market at every time.
Peer-to-peer: On BX all users bet against each other without having to interact with a central authority or bookmaker. The BX ecosystem is transparent, democratized and all winnings stay within the community.
Decentralized: The whole betting process is given back into the hand of the users with BX. All betting transactions run on the blockchain, and are completely autonomous, secure and transparent, and the players remain in full control of their betting actions and funds at all time.
Fair: Without a centralized authority, on BX everyone can offer (SELL) and accept (BUY) bets. The odds solely result from the demand and supply and therefore represent the probability of a specific outcome, based on the aggregated opinions of the players.
No limitations: BX provides its users the unlimited freedom of creating their own betting markets, acting as a Market Owner, accepting bets or offering their own odds at any time. There are no restrictions on the types and amount of bets, as the community decides whether a bet or a market gets approved.
Low fees: BX creates a fee structure that is fair and transparent. Furthermore, our fee is significantly lower than the industry standard and is solely designed to keep the ecosystem running.
Social betting: BX offers the possibility to create private betting markets for closed groups. This gives users a level of freedom that they have never experienced before. To further enhance the social betting experience, users have the possibility to leave thoughts and comments in each market.
Details for ico:
Token symbol: BX
Token sale price: 1 BX = 0.19 USD
Platform: Ethereum (ERC20)
Soft cap: $5,000,000
Hard cap: $20,000,000
Total token supply: 200,000,000 BX
Total tokens offered: 120,000,000 BX
Pre-token sale: 3rd September 2018 - 17th September 2018
Main token sale: 8th October 2018 - 5th November 2018
BONUS PRE-SALE: 300 USD - 2,000 USD = 15%; 2,000 USD -
15,000 USD= 20%; ABOVE
15,000 USD = 30%
Conclusion
I want to mention a professional team with many years of experience, which qualitatively works on the project. I recommend paying attention to the project, it is really an innovative project of 2018 with great potential and an excellent future. Become a part of the future!
Following more information;
✅ Website: https://bx.bet/ru/
✅ White paper: https://bx.bet/static/files/whitepaper.pdf
✅ Twitter: https://twitter.com/BXBETico
✅ Facebook: https://www.facebook.com/BXBET/
✅ Telegram: https://t.me/bxbet
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Author: Adan jumphoih
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