DECENTRALIZED BETTING EXCHANGE

Introduction of BX

BX is a global decentralized peer-to-peer betting and prediction market ecosystem that will allow there users to place bets on any market created by the community using the BX token.With the smart contract power of the Ethereum blockchain, BX is able to cut out the middle traders and give customers to full control over their funds and betting transactions at all time. Our ambition is to completely disrupt and redefine the traditional betting industry by offering its users a unique betting experience.

The Market

Our vision is to provide a truly unique and engaging experience for all players so we create an ecosystem which fully supports each of the following market types.• Sports
• Prediction
• Financial

Problems Of The Industry

Lack of confidant

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 limitation

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.

Solutions Of BX

Our decentralized, blockchain based approach eliminates non-distributed processes and allows players to benefit from full transparency and total control over their betting experience. We remove the middleman and hand control back to the user.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.

How Does it work. ( The Ecosystem )

Betting Exchange

The BX betting exchange forms the central hub for its users to accept or offer bets on the outcomes of the markets.

Fee Structure

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.

Market Owner

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.

Betting Market

BX will offer two types of betting markets within the ecosystem: private and public markets.

Oracle

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

BX combines betting on the blockchain with the most advanced and transparent betting concept, a betting exchange with the goal to create a whole new experience for our users

Blocking Exchange Functionality in the BlockBX

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.

Decentralizes

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.

Just

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.

Token Details and Sale

Token Distribution

60% Token Sale
10% Team
10% Advisor
5% Bounty
15% Company Reserve

Fund Distribution

50% Development
25% Marketing
15% Operations
5% Legal
5% Miscellaneous

Pre-Token Sale start date 3rd September 2018
Pre-Token Sale end date 17th September 2018
Main Token Sale start date 8th October 2018
Main Token Sale end date 5th November 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

ICO Ratings.

ROADMAP

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

Q4 2018
Development
First Exchange Listings

Q4 2018
Release of the private alpha version of BX.
Regulations and Licensing

Q1 2019
BX Public beta and BX Wallet release

Q2 2019
API / Mobile app release

Q3 2019
BX roll out with full functionality

Q4 2019
Implementation of financial markets & all eSports features2020+
Offline presence and other great expansion in the BX ecosystem.