Bitgoals : Sports Token Protocol

INTRODUCTION

Bitgoals is a decentralized and transparent model created to incentivize the sport industry and reward it active users using blockchain technology. The platform is the first cryptocurrency that has set a new standard in online global sport betting. It operates a communication protocol that allows checking of the legitimacy of new transactions and exchange of message between players. The platform operates a blockchain ledger which is constituted by a long chain of historical transactions and is held by every user on the platform.

AIMS

Bitgoals, with the use of blockchain and smart contract and cryptographic reliability, aims at fairly rewarding sport enthusiasts who incentive the sport industry. The global sport market has been realigned via autonomous and reliable transactions. Bitgoals hopes to build reliable economy among the users through a platform that rewards all sport activities, emphasizing fairness in sport and its fanatics, using a single currency.

CHALLENGES

There is a very poor degree of competitive attitude among sport enthusiasts globally due to the lack of an ideal competitive platform. Significant number of players are compelled to patronize shadowy bookmakers due to lack of trust in traditional sport book segments. There is total lack of quality, accessible, transparent, efficient, fair and easy to use atmosphere for professional Sport gamblers. The traditional system is archaic, controlled manually and filled with middlemen. The unfair ecosystem causes loss of financial benefits as the illegal sport betting records $400billion annually. The traditional betting system is characterised with tedious registration process, limited betting amount, high betting rates, lack of data storage, prolonged payments, etc.

SOLUTION

Bitgoals has revolutionized the sporting industry. It is a decentralized ecosystem offering participants a secure, transparent, reliable and easy to use platform where sport-related activities managed by cryptographically verifiable code.

The platform allows for users unlimited betting amount. The system records the financial status of players and distributes rewards fairly. Also, unlike the traditional system where big payouts are done in bits, players Enjoy instant payment rewards in no time and can decides whether to withdraw Bitgoals or how to use it.

With smart contract, the platform is fraud-free, as participants only require to register a wallet and can play anonymously having access to all the games with a single login and earn the native token, the Sport Token Protocol (STP). The token (STP) can be used by users to buy merchandise, tickets and place their bets.The smart contract technology also eliminates redundancy in personal data collection, and permits a highly simplified registration process, ensuring that token holders are securely supported by concrete legal opinions. Changing of results and payouts is absolutely impossible on the platform.

Players that co-exist harmoniously and share revenues, thereby promote trust are equally considered. Conditions are created by the platform in which fans avoid patronizing illegal systems.

CONCLUSION

Bitgoals is a single-window, all-in-one ecosystem for sport activities and transactions. It is an efficient, guaranteed, autonomous, fair and remarkably transparent betting platform with excellent rewards.

TOKEN INFORMATION