GENERAL OVERVIEW OF BETFORM PLATFORM.
In a heterogenous world, diverse people and cultures, so many things divide us but a few things unite us. Among the things that bring us together, sports have proven to be the biggest unifier of all time.
Just as sports, the global sports reward business has grown huge overtime, raking in billions in dollars as profits. With the growth trend in the rewards Industry has come with numerous challenges that border basically on trust and stringent controls and sophisticated processes.
More of these problems includes:
Complex and tardy cash outs.
A centralized structure that slows the system due to unnecessary bureaucratic procedures, huge transaction fees etc.
Bringing a solution to this ravaging problems in the sports reward industry, BETFORM leverages on blockchain technology to bring a complete and better innovation to this growing industry:
A user centered system, are all at the fore of what BETFORM offers. Its focus on block chain technology sets it ahead of other reward systems with its offerings of a speedy payout system, quick and easy leeway to vital information for users, security and a decentralized platform that guarantees huge control on the part of the user.
BETFORM offers many advantages and some of them stand out, e.g.Most of the existing sporting reward platforms have stringent, and also sophisticated credentials system, in a bid to eliminate fraud and ensure security.
However, BETFORM system through its smart contracts, automatically eliminates fraud and grants user’s anonymity. Betting amounts with BETFORM no longer have restrictions. Unlike other systems, BETFORM smart contract handles the financials, issues rewards and guarantees equity. A total control of the user over his payouts. The user chooses when and how to withdraw their funds. On the other hand,
Regulations are a huge problem in a lot of spheres, particularly in the sports gaming arena. But BETFORM leverages on block chain technology to ensure total decentralization particularly from governments.
Security is probably the most important aspect of transactions, especially on the digital space. BETFORM places huge importance on security. First, by ensuring proper transparency involving financial transactions, secondly, by ensuring fraud is eliminated from the system.
The BETFORM platform will be powered by its token, the BETFORM token based on the Etherium platform.
This token will serve as an official platform gaming and betting currency on the BETFORM platform.
It will also serve as a reward currency for users on the platform, depending on the services they render on the platform.
Most importantly, is the fact it will serve as a viable exchange for transactions. Potential winnings will be paid out using the tokens, however, users can exchange this token to other currencies.
To cap it all, the BETFORM system was built on properly machinated system and processes, hugely free from human interference.
MEET THE TEAM
For more information, kindly visit the following websites below:
Bounty thread: https://bitcointalk.org/index.php?topic=5042909.0
Bitcointalk username: Adaora2323
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary