BETBOX: LEVERAGING BLOCKCHAIN INNOVATION IN BETTING & GAMBLING INDUSTRY

ABOUT BETTING INDUSTRY

The contribution of betting and gambling industry to Nation's GDP cannot be overemphasized, the rate of betting has grown over time, using Nigeria as a case study; according to research Nigeria spends over $25million per day in centralized betting according to Ademola Adebajo, Head of one of the largest football betting service providers operating (Bet9ja) in Nigeria. It has been discovered that in every street in Nigeria there is always a betting shop, this is to show you how much is generated by this betting firms. Yet, the challenge always remains the same; how can someone personalize bets on their own behalf and share it with friends and family? Betbox has the antidote to this with its fully decentralized ecosystem allowing users to create any kind of event. It is on this background BETBOX project emerged.

WHAT IS BETBOX?

Betbox is a fully decentralized ecosystem acting in various DApps with the mission to provide a fully transparent, fair and yet challenging environment for people with a passion for gambling and a sense for competition. Purpose-built to solve the gambling challenges of today, betbox will set the standard for how gambling should work in the digital era. By combining the best of blockchain technologies with the best of traditional gambling practices, betbox will provides gamblers everywhere with the easiest, most cost-effective and most reliable way to gamble.

BETBOX is an Ethereum blockchain platform for decentralized betting, designed for use by gamblers to create any kind of bet ranging from personal challenges, lottery games, public bet and many more.

BETBOX using distributed ledger technology has its core built on Ethereum public mainnet to address the shortcomings of blockchain platforms that make them unsuitable for supporting mainstream and everyday needs of idle decentralized betting environment.

PROBLEMS IN BETTING INDUSTRY & BETBOX SOLUTION

Betbox project elvoved based on the numerous challenges gamblers face everyday in the course of betting, some of the problems are highlighted below:

1. Lack users data security

2. Fund not always secured

3. Unfair or delay in payment of won bets

4. Centralized structure

5. Lack of transparency and trust

These above mentioned problems will tackled by the BETBOX project via its decentralized structure by creating a secured, transparent and swift payment platform for global adoption.

ICO INFORMATION

The aim of any initial coin offering is to raise fund that will support in the development of a platform, hence the BETBOX ICO emerged.

There will only be the private sale to invest for tokens directly. The public sale will be done through gamified events and to take part you will need a participation ticket. According to the Team the lottery is already prepared and will be integrated in Betbox website. The interface will allow you to see how many tickets have been won. Also there will be a beta online to desktop through ropsten, while Mainnet Launch will commence January 2019

The first hundred tickets will be given to the first 100 participants in betbox events. We already gave away approx. 50 tickets in the alpha event. AS SOON AS BETA IS ONLINE THE LAST FREE PARTICIPATION TICKETS WILL BE GIVEN AWAY TO THE FIRST PARTICIPANTS BY TIMESTAMP (source: CEO)
About Private sale

Private sale is currently ongoing. Only selected investors are allowed to purchase betbox coin in the Private Pre-Sale. Please use the online form to apply 👇

ICO will start Q4 2018 and end Q1 2019. Dates will be announced soon.

OX price will be set at 0.0004ETH/OX


CEO at a meeting with some Genius in Betting Industry in Nigeria

CONCLUSION

It is envisioned that BETBOX platform will transform the betting industry as the project is focusing on creating a fair, secured and transparent atmosphere for betting, it will also interest you that with BETBOX, betting can be done anywhere, anytime seamlessly. I urge my readers especially the gamblers, sport lovers, etc to take a close look at this amazing project.

Visit the useful links below for more indept information.

Our Website: https://www.betbox.app

Medium: https://medium.com/betbox-ox

Facebook: https://www.facebook.com/betbox2018/

Instagram: instagram.com/betbox_OX

Telegram Channel: http://t.me/betboxAnnouncements

Twitter: https://twitter.com/@betbox_OX

Bitcointalk: https://bitcointalk.org/index.php?topic=5026661.0

Bounty0x ID: Elachious