BX Bet | Blockchain-Based Betting and Prediction Market Ecosystem

The decentralized betting exchange is a platform where peer to peer betting is occurred. There is no any middleman in this system because it comes up with smart contract.

Followings can be identified as the problems in the betting industry.

Lack of trust - Traditional betting operators required a higher degree of trust.

Lack of transparency

Interference of providers & limitations

High costs

BX.Bet has provided the best solutions for these problems such as,

Betting exchange - accepts or offer bets on the outcomes of the markets.

Fee structure – It will establish a fair and transparent fee structure. The overall fee will be lower than the industry standards.

BX smart contracts - every user can become a Market Owner and receive a share of the market that they have created

Betting markets – It will offer two types of markets namely, private and public markets.

Oracle – It is a BX outcome voting system that determine the outcomes of the bets securely and reliably

The BX App has come up with following features.

Everything in one place – It is easy to keep track of all the betting activities.

It designed in a user friendly manner – It strives for excellence in UI/UX design. Further it has ensured that the BX powered apps are simple and easy to use

Place bets – It helps to search for the different betting markets.

determine outcomes – It uses Use the BX outcome voting system to determine the best outcome

Create private markets – Creates a private betting market.

Become a market owner – By crating betting markets.

The Token used in this project is called as BX. The blockchain used for this Token is Ethereum where ERC20 stands for the token. The total supply of token is 200.000.000 BX where it is utility type. Out of them 120.000.000 BX is available for sale. The exchange rate for the token is stated as 1 BX = 0, 19 USD. The maximum hardcap expected be raised is 20 million USD where minimum soft cap expected to be raised is 5 million USD. The unsold token will be burned. From the pre token sale it will be contributed by 300 USD where, as per the estimation minimum contribution from Main token sale is 100 USD. All the payments are accepted only from ETH, BTC and FIAT. The total supply of token will be distributed as follows,

public distribution -60%

Team - 10%

Advisor - 10%

Bounty - 5%

Company Reserve - 15%

So raised fund will be allocated as follows,

Development - 50%

Marketing - 25%

Operations - 15%

Legal - 5%

Miscellaneous - 5%

The Public Token issue will be held during the 3rd quarter of 2018. There after they have planned to achieve follows.

Listing at the exchange

Releasing the private alpha version BX.

Releasing BX public beta and BX wallet

Releasing API/Mobile APP

Rolling out BX with full functionality

Implementing financial markets and all sport features

Expanding the BX Eco system

The decentralized betting exchange is driven toward the success by an excellent team that comprises with highly qualified and well experience nuts. They are experts in Management, Advertising, Operations & Marketing, Online Marketing, Project Management, Product Development, Software Development, Platform and Frontend development, online gambling industry, Finance, Business Development, Blockchain technology legal matters and so on.

BX Bet Team