BETBOX: TAKING BETTING TO A NEW LEVEL
Introduction:
Before I delve into this hot topic, I will like to make us have an in-depth understanding of blockchain technology.
Blockchain is a system to convey everybody to the most noteworthy level of responsibility. The basic territory where Blockchain causes is to ensure the legitimacy of an exchange by recording it on a principle enroll as well as an associated dispersed arrangement of registers, which are all associated through a safe approval component.
The blockchain is a morally sound computerized record of monetary exchanges that can be customized to record not simply money related exchanges but rather for all intents and purposes everything of esteem. Blockchain innovation resembles the web in that it has a worked in power. By putting away squares of data that are indistinguishable over its system, the blockchain can’t be controlled by any single substance and has no single purpose of disappointment. The web itself has turned out to be tough for just about 30 years. It’s a reputation that looks good for blockchain innovation as it keeps on being produced. Now let us take a look about the main topic of the day, BETBOX.
OVERVIEW OF BETBOX
Betbox is a decentralized, open source event betting application powered by Etherium blockchain technology. The decentralized model provides an open construction of the coefficients, rapid and fair distribution of funds without delay. Also, users in the application will have access to voting functions in the event of disputes, which directly indicates that users are of paramount importance on the platform.
The platform will deploy an EVM side chain with a consensus of POA and distributed nodes, which will provide fast network bandwidth and quick confirmation of all operations. The platform has various beneficial features like: individual rates and private peer to peer links.
Betbox biological community capacities both on and off the chain and offers different advantages to all clients. For example, clients can gain motivators by their dynamic investment on the stage, for example, casting a ballot in broad daylight choices, fairplay and different activities that sway decidedly on the stage. Such motivations as these eventual earned in **Betbox token (OX).
ADVANTAGES
Singular wagers: This class comprises of 3 sub classifications which include
Private Shared: Offer the opportunity for community members to bet against many friends at the same time with individual set up of the bet and private outcome consensus.
Private Peer-Peer: Offer the opportunity for community members bet against their friends on a peer to peer basis with individual set up of the bet and private outcome consensus.
Public: Offer the opportunity for community members to generate universal bets with individual set up of the bet and public outcome consensus.
PROJECTS TO BE EXECUTED
Shoot out (shared – 50/50 diversion possibility)
Russian roulette (peer to peer – high stake game chance)
Addict (big stake)
Challenge (dApp)
Crypto rally (erc-712 + cooperation)
Rich me (social lottery)
Further imaginative highlights and (dApp)
BENEFITS PROVIDED TO BETBOX USERS
Bets can be placed by the public or by friends
- Transparency and Trust
Betbox is boosting trust between web based speculators by permitting a decentralized betting background that can not be controlled, and also with the utilization of savvy contracts.
- Reduce Fraud
Using brilliant contracts, exchanges will be handled and recorded on conveyed records that will make clients progressively secure and limit the instances of misrepresentation by programmers. clients rewards are forms through brilliant contracts and this makes it conceivable to forms exchanges in a decentralized situation.
- User interface.
- Paying with Cryptocurrency
BETBOX clients will have the capacity to execute through digital forms of money, this will lessen installment preparing costs and empower a quick handling rate. The utilization of digital currencies on the Betbox stage will make stores and withdrawal quick and in the meantime lessen the expenses.
- Reduce House Edge Costs
Through a tokenized economy, the normal level offer of Betbox deducted from exchanges is diminished since the application is decentralized and mechanized. Betbox will cut expenses related with exchanges preparing enabling its clients to expand on their benefits.
TOKEN/ICO DETAILS
The Betbox ecosystem will introduce its own token called “OX token”, which will be used as a means of payment and as a betting currency for obtaining the Proof of Authority distributed network. In order to increase the value of the token and reduce inflation, some of the tokens of users can be burned in exchange for ETH.
OX is the acronym for BETBOX token, this native cryptocurrency created by the BETBOX ecosystem will fuel the network. It will be used as standard mode of payment when placing bets, staking, voting and for other payments on the ecosystem. OX is an erc-20 compatible token created on the Ethereum smart contract because of its reliability, availability, transparency, and security. To ensure the preservation of OX tokens BETBOX network may burn OX and reward holders with Ethereum in the buyback and burn phase each quarter of the year.
ICO SPECIFICATION
Token symbol: OX
Marker Standard: ERC-20
1 OX = 0.0004 ETH (discounts are available on purchase)
Soft Cap = 4,000 ETH
Hard Cap = 32,000 ETH
Accepted Payments – ETH
TOKEN ALLOCATION
TOTAL TOKEN MINTED: 100 MILLION OX
PUBLIC SALE: 80 MILLION OX
BOUNTY: 8 MILLION OX
RESERVE: 12 MILLION 0X
FUNDS ALLOCATION
BRANDING& MARKETING: 50%
ECOSYSTEM: 35%
RESERVE: 15%
ROADMAP
THE AWESOME TEAM
CONCLUSION
Betbox platform is a decentralized system that utilizes blockchain technology and smart contracts to ensure fairness in all dealings, resulting to customer satisfaction and increased trust on the platform. I will enjoin you to think BETBOX so we can succeed together.
A video has been attached for a summary of the goals and objectives of BETBOX. Enjoy watching.
FOR MOREINFORMATION, CLICK OR FOLLOW THE LINKS BELOW:
Website: https://betbox.app/
Whitepaper: https://betbox.app/required/whitepaper_betbox_v1.pdf
Twitter: https://twitter.com/@betbox_OX
Telegram: https://t.me/betboxGlobal
Github: https://github.com/betbox
Bitcointalk: https://bitcointalk.org/index.php?topic=5026661.0
Author Details:
Author: Taiwoplatinum
BountyOx Username: Taiwoplatinum