Introduction
Online betting is the virtual betting which has managed to capture the attention of the people interested in the gambling. Slowly and gradually, the industry has been adapting to the changing market conditions to suit the demands of the players. But, there are many problems in the current betting industry which cannot be ignored. Lack of trust is one of the most important problems in the industry. Sports betting industry is rife with the examples where the players have been fooled and cheated.
The limitation of the choices for the players is another challenge in the industry. High operational cost with high margin odds and interference by the providers are another challenges in the process. Traditional bookmakers lack transparency in the betting ecosystem, they have become the roadblock in the development of a new industry. What do you think can be done to overcome the challenges mentioned above? Is there a new way in which we can provide a new system for the players all over the world?
Solution offered
BX is the solution players were waiting for. This platform provides an ecosystem of transparent betting where players control the actions and funds at all time. Based on the blockchain technology, it is a decentralized betting exchange which aims to solve all the challenges in the current betting world. This is a P2P betting platform that allows transparent sports betting and prediction services to the players. Smart contracts allow the company to efficiently and automatically manage their contracts and transactions. Public and private markets are available on the platform. For the private market there is not any fee charged to the player, but for the public market, there is a 4% fee charged to the players on the platform.
The absence of a centralized system allows the players and the market to interact effectively and transparently. Voting and ranking system on the platform is designed to create a list of active players who are utilizing the platform effectively. There are various rewards and schemes for the players on the platform. Pre-match bets, In play bets and multi-bets, are a few of the various kinds of bets available on the platform. BX Tokens can be utilized for the purpose of the payment and transaction on the platform.
ICO INFORMATION AND TEAM
200,000,000 BX Tokens are created for the platform.60% of the tokens are reserved for the token sale. 50% of the funds will be utilized for the development of the platform while 25% of the funds are utilized for the marketing of the platform. The team working on the platform has years of experience in the different industries, such as advertising and technology.
Conclusion
The rise of the educated middle and wealthy class has fueled the demand for the quality betting and gaming platforms that can satisfy the quest of the players. Sports betting is the leader in the world of gambling. People have been enthusiastic about the live sports betting. They are always in search of a platform that can provide them with the fair market, and this platform is a start in that process. The rules are also changing with the changing times. Adopting the latest technology which provides fair and transparent service is the only way forward. Players will be attracted to those platforms who provide fair chance to everyone.
Many features on the platform are purely designed for the purpose of the security and privacy of the users. Transparency is another crucial pillar of the platform. The online gambling industry is rapidly expanding, and it is the perfect time for the technology-based platforms to make a change in the market. What do you think about the future of the platform? Do you think people will bet on the platform and their services?
Website - http://www.bx.bet/
Whitepaper - https://bitcointalk.org/index.php?topic=4641799.0#post_
ANN - https://bitcointalk.org/index.php?topic=4641799.0
Telegram - https://t.me/bxbet
Published by - jessicalaurenbt
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