ABSTRACT
BX is a blockchain based betting and prediction market ecosystem, designed to change the way world bets. With BX, we are creating a decentralized betting exchange without a middleman and centralized structures, that has the ability to disrupt and redefine the traditional betting industry by offering its users a unique and enhanced experience.
In recent years the online betting industry has been characterized by strong growth. Since 2009 the market has doubled in size, and currently has a volume of nearly 60 billions USD. However, despite this prodigius growth, the online gambling industry has experienced decreasing levels of trust and diminished reputation in recent years. Traditional online bookmarks face many problems, including lack of trust, lack of transparacy, strict regulation, and high operational cost resulting in high margin odds in favor of the bookmarker, all atremming from their centralized structures. Big centralized comlanies are in charge of the outcomes, odds, and player funds, which ends up in a lack of transparacy and trust as perceived by the end user.
BX will tackle these problems at source, by providing a betting ecosystem that utilizies blockchain technologies, especially smart contracts, to give its user full control over their funds and betting transaction all times. By decentralizing tyh betting process, BX allows the player to benefit from full transparency and total freedom in their betting experience, and neutralizes the aforementioned problems and weakness of the current betting industry.
WHY DECENTRALIZE?
BX is convinced that the future will be decentralized. With the continued rise of blockchain technology, it is possible to revolutionize the way the internet is structured today. In recent years, large companies have token control over huge parts of the internet.
Most of the things we do online today are controlled by a single company - a middleman who holds all the power. User have no option but to trust this company to act in their best interest and not just the interest of their own bottom line. We have also seen a similiar scenario playing out in online sports betting industries, when the big players took over and created a decentralized betting environment with all its associated negative characteristics.
OUR TARGET MARKET
The potential of our target clearly indicates enormous growth opportunities for the BX ecosystem. In particular, the combination of soprts betting and prediction markets will open up new market opportunities in the future. BX combines the best elements of both worlds, with the goal of creating a novel betting experience for our users.
THE INITIAL TOKEN SALE
With the creation of a betting ecosystem characterized by a high degree of security, trust and fairness, BX aims to rebuild and redefine the bad reputaion of the betting industry. An integral part of this ecosystem will be the BX token, which is used as the basis for the decentralized operations of the betting exchange. BX plans toestablish the Bx token as a central token within the online betting industry. We believe that the community itself plays a crucial role in shaping a fair and decentralized exchange. For this reason, we will give the community the opportunity to participate in its future growth, right from the start.
The BX sale is devided into two phases. There will be a pre-token sale, where contributors can participate in the project before the main token sale starts. As an incentives to participates in the BX token sale at an easly stage, there will be a particularly high bonus token payout to all pre-contributors. To participate in the pre-token sale, a minimum volume of 300 USD is required. The main token sale will begin shortly after completion of the pre-token sale. The goal of this token sale is to facilitate a fair, secure and efficient token distribution - and to introduce BX to the world.
BX - TOKEN
The BX token is designed to enable the full functionality of BX, which makes it an integral part of the ecosystem. It is tradebale and can be divided into smaller fractions, thus fully serving the complex requirement pfofile of the BX ecosystem.
The BX token will be the enabler for all BX betting aplications. It will be utilize to conduct all transactions all transaction inside the BX ecosystem. The token is based on the ERC20 Ethereum token standard, which has become a widely accpeted and highly secured token implemetation standard.
Among other purpose, the BX token will mainly be used to:
- places bets
- create betting markets
- determnine outcomes of a market
- claims rewards and bettig profits
TOKEN SALE SPECIFICATION
The BX token sale will be available on www.bx.net
Blockchain : Ethereum
Token Standard : ERC20
Token Symbols : BX
Token Decimals : 18
Total Supply : 200.000.000 BX
Token type : Utility
Token for Sale : 120.000.000 BX
Token Exchange Rate : 1 BX = 0,19 USD
Soft Cap : 5 million USD
Hard Cap : 20 million USD
Unsold Tokens : Burned
Pre token sale minimum contribution amount : 300 USd
Accepeted Currency : ETH, BTC, FIAT
MORE INFORMATION
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Created by : 15persenlucky
Profile link : https://bitcointalk.org/index.php?action=profile;u=1210666
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
ETH address : 0x1997B312D6e9cB863f939f9a7cEa3A36Ec185E69
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