CRYPTOKID: BX.BET: Revolutionizing the Future of Betting

INTRODUCTION

Internet betting industry is facing high popularity and is steadily becoming the fastest sector of the e-commerce industry. Gamblers are extensively preferring Internet gambling for their activities due to the ease offered and safety provided. Extensive usage of digital processes and growing punter demand is driving the online betting platforms market.

However, beside of the market growth, the current betting market still have to face several challenges, include in:

Lack of Trust

Traditional betting operators require a high degree of trust - which is sometimes exploited by the bookmakers, to the detriment of their users. On the other hand, this responsibility results in high procedural and financial expenditures for the bookmakers as well.

Lack of Transparency

The processes of traditional bookmakers remain hidden, giving no insights into what information led to specific odds and making it impossible to ascertain whether the odds are fair or set too far in the bookmakers' favor.

Interference of Providers and Limitations

Within the current sports betting landscape, the players are very limited in their freedom of betting. bookmakers can limit the players in their betting behaviour and even penalise players who frequently win, by banning or restricting them.

High Cost

High 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 odds and directly charged to the players.

ABOUT BX.BET

BX.BET is an exciting new decentralized betting exchange, designed to revolutionize the future of betting. It is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. BX has the vision to create a whole new betting experience, where any user can take over the role of the bookmaker, create their own markets, place and offer bets with self-determined odds, and even participate in the outcome determination of a market.

BX decentralized ecosystem eliminates non-distributed processes and allows players to benefit from full transparency and total control over their betting experience. With the smart contract power of the ethereum blockchain, BX is able to cut out the middleman and give its users full control over their funds and betting transactions at all time. BX aims to completely disrupt and redefine the traditional betting industry by offering its users a unique betting experience.

BX neutralizes all problems and weaknesses from the current betting market, by introducing a powerful and distributed ecosystem running on self-executing smart contracts, which significantly cuts transaction and operational costs.

FEATURES

In order to change the Game Industry, which is designed, and the way the world bet. BX.BET ecosystem will provides numerous features as described below:

Betting Exchange

The BX betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets. BX implements full functionality and not just an element of betting exchanges with all the benefits and various aspects, which means full transparency in the order book, in-depth insight into market sentiment, the opportunity for each user to place purchase and sales orders with their own opportunities, the possibility of betting trading , multi-bet etc.

Fee Stucture

BX 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 Smart Contract

All BX betting transactions, as well as payouts, will run safely, autonomously and transparently on the blockchain by using Smart Contract Technology.

Liquidity Concept

Becoming a bookmaker has never been so easy. In the BX ecosystem, every user can become a Market Owner and receive a share of the market they have created. With the Market Owner concept, BX introduce solutions to liquidity problems in the P2P betting market. Each user can become a dealer and make their own betting markets to participate directly in market success and get incentives to provide constant liquidity in the form of opportunities / bets.