BX 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. All by using the BX Token, which is conceived to become the global standard for all betting transactions

• 1 Overview
• 2 Product Highlights
• 3 BX-Token
• 4 The Token Sale
• 5 See Also on BitcoinWiki

Overview

BX is a blockchain-based betting and prediction market ecosystem, designed to change the way the world bets. BX creates 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 sports betting industry has been characterized by strong growth. 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.

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.

The key paradigm of BX is our belief that betting should not be restricted, and that the control and power of all betting transactions should be given back to the community. On BX, 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. Ultimately the community decides whether a new market or a bet gets accepted or not. The usage of the bespoke BX token as the key component to enable all betting transactions on BX, together with a strongly community-driven ecosystem, creates a unique and unprecedented betting experience with a strong focus on transparency, fairness and decentralization  – without any limitations and restrictions.

The BX ecosystem provides its users the unique opportunity to trade bets in three different types of markets: sports (including esports), prediction markets and financial markets. We use an iterative approach to develop each market type with full attention to their individual characteristics and requirements. The vision of BX is to create an ecosystem which fully supports each of these vertical markets, and provides a truly unique and engaging experience for all players.

The BX token sale aims to introduce BX to the world in a fair, secure and efficient manner. As an integral part of the ecosystem, BX plans to establish the BX token as the central token within the betting industry. The public token sale is divided into two phases: A pre token sale and a main token sale, creating two opportunities for contributors to participate in the success of the project. Both periods contain substantial bonus offers, depending on the contributed amount in the respective phase.

The BX team is highly experienced in launching and operating traditional online betting offerings and has worked at the C-Level of well-known brands such as Betsson, Betfair or Bwin, as well as highly successful own brands like Mobilebet, Wetten.com and esportsbetting.com.

Product Highlights

• BX is a decentralized betting exchange that allows players to benet from full transparency and total control overtheir betting experience.
• BX creates a unique distributed betting ecosystem, which covers 3 market verticals: Sports (including e-sports), Financials, and Prediction Markets.
• BX allows the players to benet from full transparency and total freedom in their betting experience, and neutralizes the prevailing problems and weaknesses of the current betting industry.
• 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 oer bets with self-determined odds, and even participate in the outcome determination of a market.
• In order to create a truly decentralized betting ecosystem, BX will implement its multi-platform strategy right from the beginning. BX decentralizes even the distribution of the BX ecosystem, and embraces competition to let the market create the best and most innovative platforms and apps possible on top of the BX ecosystem.

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 tradeable and can be divided into smaller fractions, thus fully serving the complex requirement profile of the BX ecosystem.

The BX token will be the enabler for all BX betting applications. It will be utilized to conduct all transactions inside the BX ecosystem. The token is based on the ERC20 Ethereum token standard, which has become a widely accepted and highly secured token implementation standard.

Among other purposes, the BX token will mainly be used to:

• place bets
• create betting markets
• determine outcomes of a market
• claim rewards and betting profits

The Token Sale

The BX token sale will be available on www.bx.bet

See Also on BitcoinWiki

• Bitcoin 2 Credit Card
• E-Money Directive
• CoinsBank GBP Named White
• Bitmari
• StormPay