INTRODUCTION
BX.BET is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. With BX, we are creating a decentralized betting exchange without a middleman and centralized structures, that has the ability to disrupt and redefine the traditional betting industry by offering its users a unique and enhanced experience.
In recent years the online sports betting industry has been characterized by strong growth. Since 2009 the market has doubled in size, and currently has a volume of nearly 60 billion USD. However, despite this prodigious growth, the online gambling industry has experienced decreasing levels of trust and diminished reputation in recent years. Traditional online bookmakers face many problems, including lack of trust, lack of transparency, strict regulations, and high operational costs resulting in high margin odds in favor of the bookmaker, all stemming from their centralized structures. Big centralized companies are in charge of the outcomes, odds, and player funds, which ends up in a lack of transparency and trust as perceived by the end user.
BX will tackle these problems at source, by providing a betting ecosystem that utilizes blockchain technologies,especially smart contracts, to give its users full control over their funds and betting transactions at all times. By decentralizing the betting process, BX allows the players to benefit from full transparency and total freedom in their betting experience, and neutralizes the aforementioned problems and weaknesses of the current betting industry.
BX.BET is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. With BX, we are creating a decentralized betting exchange without a middleman and centralized structures, that has the ability to disrupt and redefine the traditional betting industry by offering its users a unique and enhanced experience.
In recent years the online sports betting industry has been characterized by strong growth. Since 2009 the market has doubled in size, and currently has a volume of nearly 60 billion USD. However, despite this prodigious growth, the online gambling industry has experienced decreasing levels of trust and diminished reputation in recent years. Traditional online bookmakers face many problems, including lack of trust, lack of transparency, strict regulations, and high operational costs resulting in high margin odds in favor of the bookmaker, all stemming from their centralized structures. Big centralized companies are in charge of the outcomes, odds, and player funds, which ends up in a lack of transparency and trust as perceived by the end user.
BX will tackle these problems at source, by providing a betting ecosystem that utilizes blockchain technologies,especially smart contracts, to give its users full control over their funds and betting transactions at all times. By decentralizing the betting process, BX allows the players to benefit from full transparency and total freedom in their betting experience, and neutralizes the aforementioned problems and weaknesses of the current betting industry.
PROBLEM
LACK OF TRUSTTraditional betting operators require a high degree of confidence, which is sometimes exploited by bookies to the detriment of their users. On the other hand, this responsibility results in high procedural and financial expenses for the bookmakers as well.
LACK OF TRANSPARENCYThe processes of the traditional bookmakers remain hidden, without giving information on what information led to the specific probabilities and making it impossible to determine whether the odds are fair or too far in favor of the bookmakers.
INTERFERENCE OF SUPPLIERS AND LIMITATIONSWithin the current landscape of sports betting, players have a very limited freedom of betting. bookmakers can limit players in their betting behavior and even penalize players who frequently win by banning or restricting them.
HIGH PRICESHigh 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 probabilities and are charged directly to the players.
THE SOLUTION
Our decentralized, blockchain-based approach eliminates undistributed processes and allows players to benefit from total transparency and full control over their betting experience. We eliminate the intermediary and we give back control to the user.BX BET neutralizes all the problems and weaknesses of the current betting market, by introducing a powerful and distributed ecosystem that runs on self-executing intelligent contracts, which significantly reduces operational and transaction costs.
Our decentralized, blockchain-based approach eliminates undistributed processes and allows players to benefit from total transparency and full control over their betting experience. We eliminate the intermediary and we give back control to the user.BX BET neutralizes all the problems and weaknesses of the current betting market, by introducing a powerful and distributed ecosystem that runs on self-executing intelligent contracts, which significantly reduces operational and transaction costs.
ECOSYSTEM
BETTING EXCHANGEThe exchange of BX bets forms the nerve center for its users to accept or offer bets on the results of the markets.
FEE STRUCTUREBX 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 BET SMART CONTRACTSAll BX betting transactions, as well as payments, will be executed in a secure, autonomous and transparent manner in the block chain through the use of Smart Contract technology.
MARKET OWNERBecoming a bookmaker has never been so easy. In the BX ecosystem, each user can become a market owner and receive a portion of the market he has created.
MARKET BETSBXBET will offer two types of betting markets within the ecosystem: private and public markets.
ORACLEBX will introduce the BX outcome voting system as a decentralized Oracle to determine the outcomes of the bets securely and reliably.
BX APP The BX app offers the full joy and functionality of the BX ecosystem :
BX APP The BX app offers the full joy and functionality of the BX ecosystem :
EVERYTHING IN ONE PLACEThe BX app makes it easy to keep track of all your betting activities and results, from one simple place. With the BX mobile App players will have the whole BX ecosystem in their pocket – anytime, anywhere.
DESIGNED WITH YOU IN MINDWe strive for excellence in UI/UX design, and so we have ensured that the BX powered apps are simple and easy to use.
PLACE BETSSearch through the huge variety of different betting markets created by the community, to decide which ones to bet on.
BECOME A MARKET OWNERCreate your very own betting markets to become a market owner and receive your share of your market – the community is in control of what to bet on.
CREATE PRIVATE MARKETSCreate your own private betting market and invite friends, family and other BX users to join your private betting community.
DETERMINE OUTCOMESUse the BX outcome voting system to determine the outcome of bets and receive a reward for every honest outcome vote.
TOKEN SALE DETAILS
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
- 60% Token Sale
- 10% Team
- 10% Advisor
- 5% Bounty
- 15% Company Reserve
FUND DISTRIBUTION
- 50% Development
- 25% Marketing
- 15% Operations
- 5% Legal
- 5% Miscellaneous
ROADMAP
Q3 2017 Start of project
Q4 2017 Product / concept development
Q1 2018 Development of tokens and development of MVP.
Q3 2018 Private sale and Pre-Token offer Public Token Offer
Q4 2018 Development of the first exchange listings. Issue of a private alpha version of BX.
Q1 2019 BX Public Beta and issue of BX-purse.
Q2 2019 Release API / mobile applications.
Q3 2019 BX is deployed with full functionality.
Q4 2019 Implementation of financial markets and all eSports functions.
2020+ Offline presence and other large extensions in the BX ecosystem.
TEAM
- Christian Heins Co-founder, Management & Execution Expert
- Gabriel Vollmann Co-founder, Operations & Marketing Expert
- Christian Lenz Co-founder, Blockchain & Project Management Expert
- Joschka Kupich Co-founder, Product Development & Lead Generation Expert
- Isaac Sant Technology Expert
- Matthew Piscopo Product and Usability Expert
- Allister Bajada Marketing Expert
- Diane Dalli Finance Expert
- Daniel Bradtke Marketing & Business Development Expert
- Beka Tomashvili Solution Architect & Lead developer
- Giga Chkhikvadze Lead Blockchain developer & Architect
- Luka Oniani Solution Architect & Senior Project Manager
ADVISORS
- Gabriel Demirci Corporate Development & Strategy Advisor
- Joseph Borg Legal Advisor
Website: http://www.bx.bet/
Whitepaper: https://bx.bet/static/files/whitepaper.pdf
ANN: https://bitcointalk.org/index.php?topic=4641799.0
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
Wallet: 0x314eeD7e7eDDDD5f3364F057EAA7114483337bA0
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