Hi everyone ! Today I would like to introduce to you a great ICO project that I just found, that is the project ICO BX!
WHAT IS BX? The world is exploding with the industrial revolution 4.0, blockchain technology is slowly changing people's lives. This presents many challenges and new opportunities for investors. In recent years the online sports betting industry has been characterized by strong growth. Statistics show since 2009 the market has doubled in size, and currently has a volume of nearly 60 billion USD. However, despite this prodigious growth, the online gambling industry has experienced decreasing levels of trust and diminished reputation in recent years. Traditional online bookmakers face many problems, including lack of trust, lack of transparency, strict regulations, and high operational costs resulting in high margin odds in favor of the bookmaker, all stemming from their centralized structures. Big centralized companies are in charge of the outcomes, odds, and player funds, which ends up in a lack of transparency and trust as perceived by the end user. If you are an investor in this field do not worry because I will tell you a great solution to this problem, it is BX!
BX is a global, decentralized peer-to-peer betting and prediction market ecosystem that will allow its users to place bets on any market created by the community using the BX token. BX will tackle these problems at source, by providing a betting ecosystem that utilizes blockchain technologies, especially smart contracts, to give its users full control over their funds and betting transactions at all times. By decentralizing the betting process, BX allows the players to benefit from full transparency and total freedom in their betting experience, and neutralizes the aforementioned problems and weaknesses of the current betting industry.
PROBLEMS OF THE BETTING INDUSTRY
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 & 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 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.
SOLUTION OF BX
BX's decentralized blockchain-based approach eliminates non-dispersive processes and allows players to benefit from complete transparency and control over their entire betting experience. BX removes the middleman and hand controls back to the user.
BX neutralises 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.
HOW IT WORKS
The BX betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets.
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 CONTRACTS
All BX betting transactions, as well as payouts, will run safely, autonomously and transparently on the blockchain by using Smart Contract Technology.
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.
BX will offer two types of betting markets within the ecosystem: private and public markets.
BX will introduce the BX outcome voting system as a decentralized Oracle to determine the outcomes of the bets securely and reliably.
WHAT MAKES BX DIFFERENT?
BETTING EXCHANGE FUNCTIONALITY ON THE BLOCKCHAIN
BX will bring the full functionality of a betting exchange to the blockchain and revolutionize the way betting will take place in the future.
BECOME THE MARKET OWNER
With our Market Owner concept, BX eliminates the problem of illiquid betting markets by giving a robust incentive model for the Market Owner to ensure liquidity in every market at every time.
On BX all users bet against each other without having to interact with a central authority or bookmaker. The BX ecosystem is transparent, democratized and all winnings stay within the community.
The whole betting process is given back into the hand of the users with BX. All betting transactions run on the blockchain, and are completely autonomous, secure and transparent, and the players remain in full control of their betting actions and funds at all time.
Without a centralized authority, on BX everyone can offer (SELL) and accept (BUY) bets. The odds solely result from the demand and supply and therefore represent the probability of a specific outcome, based on the aggregated opinions of the players
BX provides its users the unlimited freedom of creating 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 a bet or a market gets approved.
BX creates a fee structure that is fair and transparent. Furthermore, our fee is significantly lower than the industry standard and is solely designed to keep the ecosystem running.
BX offers the possibility to create private betting markets for closed groups. This gives users a level of freedom that they have never experienced before. To further enhance the social betting experience, users have the possibility to leave thoughts and comments in each market.
Q3 2017: Project kick-off
Q4 2017: Product/concept developmeNt
Q1 2018: Token Offer Development and MVP development
Q3 2018: Private sale and Pre-Token Offer
Q3 2018: Public Token Offer
Q1 2019: BX Public beta and BX Wallet release
Q2 2019: API / Mobile app release
Q3 2019: BX roll BX roll out with full functinality
Q4 2019: Implememtation of financial market & all eSports features
2020+: Offline presence and other great expansion in the BX ecosystem
TOKEN SALE DETAILS
Pre-Token Sale start date: 15th October 2018
Pre-Token Sale end date: 29th October 2018
Main Token Sale start date: 19th November 2018
Main Token Sale end date: 17th December 2018
Total token supply: 200,000,000
Total tokens offered: 120,000,000
Hard cap: $20,000,000
Soft cap: $5,000,000
Token symbol: BX
Token sale price: 1 BX = 0.19 USD
Blockchain used: Ethereum
Token standard: ERC20
Token type: Utility
60% Token Sale
15% Company Reserve
These are wonderful people, I believe they will develop a successful project!
BX is highly regarded on the prestigious ICO rating websites
Looking at what the TradeRiser project is doing, I think you should be involved in this project! Invest your money wisely. It's your decision!
You can find out more about the project at:
Bitcointalk Username: symwofl125
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2092094
ETH address: 0xa969171b4b840c32bfacab9dc7bf9d19dadf640b