What is Betform Project?

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What is Betform Project?

Betform is a social betting platform enhanced with smart contracts. This is a peer-to-peer game platform, mediators are not involved. By providing a distributed game network, we connect block chain technology to the real world. All major operations such as paid victory and quarterly remuneration are regulated by smart contracts.

When we as the co-founders of Betform got together to start this company, it was our vision to have assets on the blockchain gaming be not only available to professional players, but rather something that can be used by any individual players in the social way and for fun.

At Betform, we strive to offer the user access to as large as possible a range of blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem.

Betform Mission:

Betform mission is to establish ourselves as a top decentralized social betting platform that offer players wide range of multiplayers blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem. We are able to do this by connecting blockchains, leveraging on the smart contracts, and payment channels, which works in a completely secure, instantaneous and low-cost manner.

Betform Platform Features

Smart Contract

Smart contracts will ensure that winners are paid instantly in a transparent way.

Social Features

Social features will help users stay in touch with each other and make new friends.

Cryptocurrency Integration

The Betform platform will integrate an ERC20 Betform Coin (BFC). All gaming activities envisaged by the Betform solution will employ this coin.

Developing Platform

Betform will also integrate selected games and apps developed by third parties. Companies and gaming operators will be able to add their multiplayers games to the Betform platform.

Provably fair gaming

Users can access game history at any time to confirm outcomes. Betform's PRNG is tested and certified by a reputable test lab.

Regulated

The platform will operate in accordance with regulations

ERC20 Compliant Wallet

Users will have wallets for easy management. The wallet will allow users to easily obtain the Betform Coin, the App will be interlinked with third-party exchanges via their APIs.

Daily & Weekly Rewards Program

Betform offers daily and weekly rewards for loyal players. The rewards can be spent on app customization (music, background, etc.).

Legalized Sports Betting

It is already a thriving industry. The betting industry has blossomed regardless of its legality. Illegal sports betting is a multi-billion-dollar industry (some estimates are as high as $150 billion); anyone who wants to place a bet can do so easily online or through local office pools and offshore books. Now, after the Supreme Court decision, states will be more inclined to consider or pass legislation to legalize sports betting, thus allowing people to continue betting but in a regulated and fairer environment. It will also prevent them from dealing with questionable bookies. Moreover, addicts will have fewer stigmas, which may make it easier for them to seek help.

It`s the economy, stupid. Sports betting is good for the economy. Legalizing sports betting will obviously create huge state tax revenues. More importantly, it has the potential to create jobs (estimated between 125,000-152,000 jobs) for the American people. Researchers estimate that legalized, regulated sports betting could actually bring in a total of $6 billion in annual revenue for states by 2023. Moreover, it has potential to bring huge money into the United States and keep it there. Currently, most of the betting takes place online. It is more than likely that legalizing sports betting in America will trigger American telecommunications and tech companies to take over the international market.

This is what supports Betform to be present in the midst of society as a social and fair betting platform. Betform is a decentralized social betting platform that brings funs, privacy, and safety for funds to players. Our key operations are regulated by smart contracts.