BX.BET - Decentralized Exchange of Rates
Aliaksei Fetsiukou
Many of us are active admirers of various sporting events. And there are among us those who like to bets when watching a sporting event. It brings pleasure and adrenaline formation. However, the betting market is experiencing problems, which are related to the lack of trust and transparency, with the presence of intermediaries. These problems do not allow the market to grow. And we all know that the betting industry is a vast field of activity. Having solved these problems, it will be possible to attract additional capital to the market. The main problems that prevent the market from growing can be solved with the help of blockchain technology.
The BX.BET project is going to use blockchain technology and will try to eliminate intermediaries in its field of activity. BX.BET will act as a competitor to mediators in sports and betting. In 2018, this market is estimated at 60 billion! And just imagine what amounts intermediaries get each year with the help of blockchain technology and their platform, which you can already familiarize with by simply clicking on their website. People can directly contract with each other on bets and not lose any interest on it, so all actions will be performed using their BX crypto currency.
BX.BET will become a global decentralized market ecosystem for rates and also for network forecasts, through which people can bet on any market created by the community. With the help of smart contracts and a distributed network in the blockchain system, the project will eventually be able to eliminate the intermediary and allow its users to gain full control over their funds and not pay additional interest, make transactions at any time.
Below we see how their platform will look. Now this is a beta version. After registration, you will be given 20,000 tokens for bets, so you understand how the whole platform will work, since it differs from the bookmakers you are familiar with and here you will bet not money but a crypto currency. Instead of winning or playing, the project will be buying or selling.
The advantages of the project:
The ability of each user to feel like a bookie. It is very unique indeed. This means that each of us will be able, without recourse to intermediaries, to offer their bids to all participants of the platform. In this case, the coefficient will be determined depending on the purchasing power and the level of supply.
An opportunity to feel yourself a trader in different types of markets: the sphere of sport, the financial sphere, etc.
Ability to exercise full control during transactions between participants.
Bets can be made without restrictive measures, with a comfortable time for themselves.
ICO terms and conditions:
Name of the token: BX
Standard: erc20
Total number of released tokens: 200 000 000 BX
Total number of tokens allocated for sale: 120 000 000 BX
Pre-Token Sale: October 15 - October 29, 2018
The beginning of the ICO: November 19, 2018
End of ICO: December 17, 2018
Price of the token: 1 BX = 0.19 USD
Soft Cap: $ 5 000 000
Hard Cap: $ 20 000 000
The project team:
Conclusion:
I believe that the idea of the BX.BET project is good enough. I think with the proper allocation of capital and with proper advertising this project is expected to succeed. And along with the success of this project, the betting industry will reach a more transparent level. Centralized structures will go to the background, and users will be united into a single community with common interests.
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More information can be found here:
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