BX.BET The Decentralized Betting Exchange
BX is a global peer-to-peer betting exchange, where users can create or join public and private betting markets by using the BX crypto token. With the implementation of the blockchain power of the Ethereum smart contract technology, BX can cut out the middleman and give its users full control over their funds and betting transactions at all times. The BX ecosystem is secure, tamper-proof, trustless and completely transparent.
BX aims to become the leading platform for all decentralized betting and prediction applications. Unlike its centralized competitors, BX counters all the problems and weaknesses of the current betting industry. At the same time, BX can harness smart contract technology to significantly cut transaction and other operational costs, which leads to the low and fair fees which are set solely to keep the ecosystem running.
BX is a global and decentralized prediction and betting market ecosystem that will allow its users to place bets in any market created by the community using the BX token.
With the power of intelligent contract of ethereum blockchain, BX can eliminate the intermediary and grant its users total control over their funds and betting transactions at all times.
BX aims to completely interrupt and redefine the traditional betting industry by offering its users a unique betting experience.
PROBLEMS OF THE BETTING INDUSTRY
- LACK OF CONFIDENCE
Traditional betting operators require a high degree of trust, 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 TRANSPARENCY
The 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 LIMITATIONS
Within the current panorama of sports betting, players have very limited betting freedom. bookmakers can limit players in their betting behavior and even penalize players who frequently win by banning or restricting them.
- HIGH PRICES
High costs are required to run a traditional betting operator safely and efficiently for both players and the company. These costs are reflected in high margin probabilities and are charged directly to the players.
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 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.
THE Bx.Bet ECOSYSTEM
- BETTING EXCHANGE
The exchange of BX bets forms the nerve center for its users to accept or offer bets on the results of the markets.
- CHARGE STRUCTURE
BX will establish a fair and transparent tariff structure, designed exclusively to keep the ecosystem functioning. The general rate will be significantly lower than industry standards.
- BX SMART CONTRACTS
All BX bet 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 OWNER
Becoming 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 BETS
BX will offer two types of betting markets within the ecosystem: private and public markets.
Characteristics of the BX APPLICATION
WHAT MAKES BX DIFFERENT?
BX combines blockchain bets with the most advanced and transparent betting concept: an exchange of bets with the aim of creating a completely new experience for our users.
- BLOCKING EXCHANGE FUNCTIONALITY IN THE BLOCK
BX will bring the full functionality of an exchange of bets to the blockchain and will revolutionize the way bets will take place in the future.
- BECOME A MARKET OWNER
With our Market Owner concept, BX eliminates the problem of illiquid betting markets by offering a solid incentive model for the Market Owner to guarantee liquidity in each market at all times.
- EQUAL TO EQUAL
In BX, all users bet on each other without having to interact with a central authority or a bookmaker. The BX ecosystem is transparent, democratized and all profits remain within the community.
- DECENTRALIZED The
entire betting process is returned to the users with BX. All betting transactions are executed in the block chain, and are fully autonomous, secure and transparent, and players have full control of their betting stocks and funds at all times.
Without a centralized authority, in BX everyone can offer (SELL) and accept (BUY) bets. The odds come only from supply and demand and, therefore, represent the probability of a specific result, based on the aggregate opinions of the players.
- WITHOUT LIMITATIONS
BX offers its users the unlimited freedom to create their own betting markets, acting as a market owner, accepting bets or offering their own odds at any time. There are no restrictions on the types and amount of bets, as the community decides whether to approve a bet or a market.
- LOW FEES
BX creates a fee structure that is fair and transparent. In addition, our rate is significantly lower than the industry standard and is designed exclusively to keep the ecosystem running.
- SOCIAL BETS
BX offers the possibility of creating private betting markets for closed groups. This gives users a level of freedom they have never experienced before. To further improve the social betting experience, users have the possibility to leave their thoughts and comments in each market.
DETAILS OF SALE OF TOKEN
DISTRIBUTION OF TOKEN AND DISTRIBUTION OF FUNDS