Betform is a social betting platform powered by Smart Contracts. It is a peer to peer gaming platform which involve no middleman. It connect blockchain technology to the real world by providing decentralized gaming network. All of key operations such as winning paid out, and quarterly rewards are all regulated by Smart Contracts.
Betform is a new generation of online-casino betting platform powered by the blockchain technology. Betform is designed to support a peer to peer gaming. Using the platform, the need for middlemen is naturally gone. Betform uses blockchain technology to create a gaming network that houses traditional functions such as paying out winning and offering quarterly rewards. Betform strive to enable large user access to a wide range of blockchain games thereby enabling ease of access and maximum security standard . This was able to be accomplished by connecting blockchains , leveraging on the smart contract and payment channels which enabled maximum security and cost reduction.
The betting industry has blossomed regardless of its legality. Illegal sports betting is a multi-billion-dollar industry (some estimates are as high as $150 billion); anyone who wants to place a bet can do so easily online or through local office pools and offshore books. Now, after the Supreme Court decision, states will be more inclined to consider or pass legislation to legalize sports betting, thus allowing people to continue betting but in a regulated and fairer environment. It will also prevent them from dealing with questionable bookies. Moreover, addicts will have fewer stigmas, which may make it easier for them to seek help.
Legalizing sports betting will create huge state tax revenues. More importantly, it has the potential to create jobs (estimated between 125,000-152,000 jobs) for the American people. Researchers estimate that legalized, regulated sports betting could actually bring in a total of $6 billion in annual revenue for states by 2023. Moreover, it has potential to bring huge money into the United States and keep it there. Currently, most of the betting takes place online. It is more than likely that legalizing sports betting in America will trigger American telecommunications and tech companies to take over the international market.
The Mission
Betform mission is to establish ourselves as a top decentralized social betting platform that offer players wide range of multiplayers blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem. They are able to do this by connecting blockchains, leveraging on the smart contracts, and payment channels, which works in a completely secure, instantaneous and low-cost manner.
FUNCTIONS OF BETFORM PLATFORM
Sport Betting Legalized
The betting industry has blossomed regardless of its legality. Illegal sports betting is a multi-billion-dollar industry (some estimates are as high as $150 billion); anyone who wants to place a bet can do so easily online or through local office pools and offshore books. Now, after the Supreme Court decision, states will be more inclined to consider or pass legislation to legalize sports betting, thus allowing people to continue betting but in a regulated and fairer environment. It will also prevent them from dealing with questionable bookies. Moreover, addicts will have fewer stigmas, which may make it easier for them to seek help.
Legalizing sports betting will create huge state tax revenues. More importantly, it has the potential to create jobs (estimated between 125,000-152,000 jobs) for the American people. Researchers estimate that legalized, regulated sports betting could actually bring in a total of $6 billion in annual revenue for states by 2023. Moreover, it has potential to bring huge money into the United States and keep it there. Currently, most of the betting takes place online. It is more than likely that legalizing sports betting in America will trigger American telecommunications and tech companies to take over the international market.
This is what supports Betform to be present in the midst of society as a social and fair betting platform. Betform is a decentralized social betting platform that brings funs, privacy, and safety for funds to players.
The Purpose of Betform
Provide an easy to understand interface with simple account creation, user friendly profile management and account management.
Provide transparency and fair gaming experience to players. Betform uses a transparent way of generating the outcomes of its games with our tested and certified RNG system.
Increase user retention through gamification such as special events and rewards to keep players engaged.
Target casual players from emerging markets such as the South East Asia and China, Hong Kong and Taiwan.
For these reasons, they create:
Decentralized social betting applications
Players can easily create account and join an ongoing public game or even create a new table and invite other friends to play together. Smart contract as the back bone for the decentralized applications. The games are safe, fun, and private. A business model which is based on volume instead of the margin. They will always welcome winners to join and play the games.
Betform Games
The platform offers numerous types of casino-betting games. But planned to have several more games to deploy. Some of them include:
Mah-jong (Chinese-based board game)
Big Two (Chinese-based card game where the winner is the one who plays all his or her cards)
Texas Hold’em
The Betform Platform Features
Smart Contract
Smart contracts will ensure that winners are paid instantly in a transparent way.
Social Features
Social features will help users stay in touch with each other and make new friends.
Cryptocurrency Integration
The Betform platform will integrate an ERC20 Betform Coin (BFC). All gaming activities envisaged by the Betform solution will employ this coin.
Developing Platform
Betform will also integrate selected games and apps developed by third parties. Companies and gaming operators will be able to add their multiplayers games to the Betform platform.
Provably fair gaming
Users can access game history at any time to confirm outcomes. Betform's PRNG is tested and certified by a reputable test lab.
Regulated
The platform will operate in accordance with regulations
ERC20 Compliant Wallet
Users will have wallets for easy management. The wallet will allow users to easily obtain the Betform Coin, the App will be interlinked with third-party exchanges via their APIs.
Daily & Weekly Rewards Program
Betform offers daily and weekly rewards for loyal players. The rewards can be spent on app customization (music, background, etc.).
TOKEN AND ICO DETAILS
Token Symbol: BFC
Token type: Utility token
Platform: Ethereum
Standard: ERC20
Total Supply: 240,000,000 BFC
Token for Sale: 96,000,000 BFC
Open Sale Start: January 8, 2019
Token Price: 1 BFC = USD 0.10
Hard Cap: USD 9,600,000
Betform mission is to establish ourselves as a top decentralized social betting platform that offer players wide range of multiplayers blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem. They are able to do this by connecting blockchains, leveraging on the smart contracts, and payment channels, which works in a completely secure, instantaneous and low-cost manner.
ROADMAP
Feb '18
Decision to launch ICO in Singapore by Dec 2018
Mar '18
Whitepaper concept finalization
Apr '18
Game Development • Sourcing of reputable gaming company
Smart Contract • Start of smart contract development
May '18
Game Development • Concept finalization and gameplay planning
Smart Contract • Development of state channel smart contract
Jun '18
Game Development • Gameplay finalization & design planning
Smart Contract • Development of wallet contract to hold our ERC-20 token
Legal Advisory • Whitepaper review by legal consultant
Jul '18
Smart Contract • Development of wallet contract to hold our ERC-20 token
Obtain Legal Opinion
Aug '18
Game Development • Alpha version ready
Smart Contract • Development of crowd sale smart contract
Sept '18
Game Development • Beta version of APP ready
• PRNG certification from Testlab
Smart Contract • Development of gaming smart contracts
Oct '18
Game Development • Release candidate for APP version
• Finalization of development of CMS & webs
Incorporation of operation company for gambling license application
ICO pre-sale start 1 October 2018
Nov '18
Game Development • Launching of Lite version in Google and iOS store
Smart contract • Finalisation of gaming smart contract development
Launching of Bounty program
Dec '18
Smart contract • All smart contracts are audited
Launching of Airdrops program
Jan '19
ICO Open sale
Gambling license application
Integration of smart contracts and games
Feb '19
Application for listing in cryptocurrency exchanges
Mar '19
Target to obtain gambling license
To release Full version of game after the license approval
TEAM MEMBERS AND ADVISORY MEMBERS
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
For more information, please visit the links below;
Website: https://www.betformcoin.io
Whitepaper: https://www.betformcoin.io/Betform-White%20paper%202018_03.pdf
Twitter : https://twitter.com/Betform2
Facebook :https://www.facebook.com/betform.io/
Gitub: https://github.com/GameDevICO
Bitcointalk :https://bitcointalk.org/index.php?topic=5032072
Medium : https://medium.com/betform
Telegram: https://t.me/BetformOfficial
Author: Tosin David
BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1180815