Betform Social Betting Platform Powered by Smart Contract
Today I would like to introduce you to a great product of the Betform team https://www.betformcoin.io/ is a decentralized platform designed for social betting. It is completely secure and confidential because its operation is based on blockchain and regulated by smart contracts. The platform is created with a simple and intuitive interface, the game process is fair and correct, the wallet is compatible with the ERC 20 marker. I was also pleased that there is an application that can be downloaded on the Apple App Store or Google.
The main goal of the Betform project is to become a platform that will be the highest platform in the social betting segment. The most convenient platform for users with a large range of block games for a wide range of users, while adhering to high standards and providing its players with complete security, and all this at maximum speed and for a low fee.
I think that given that social networks are thriving nowadays, creating such a platform is a great idea. Playing and betting on the platform Betform we can invite your friends or join their game, as well as find new friends on the platform.
They have an MVP available already: https://www.betformcoin.io/mvp.php Checking out their MVP is a must for everyone interested in the Betform project. I created an account easily, inside the MVP 3 games welcomed me. Daily rewards, leagues, friends, shops were the sections at the interface. You get to choose designs for your avatar, dealer, table and carpet. This is just the version 0.1 and there is room for growth no doubt.
Thanks to smart contracts, the operation of Betform is transparent and secure. They say their platform is regulated by licensing jurisdiction and their PRNG is tested and certified by a reputable test lab. Social and secure are pretty positive things to say about a betting platform and Betform is likely to achieve this.
PROVABLY FAIR GAMING
Betform uses a transparent way of generating the outcomes of its games. Our PRNG is tested and certified by a reputable test lab. Players can anytime access and verify all the card games history.
FUN AND SOCIAL
Unlike other online casinos, you are able to join your friends, invite your friends or even joining a table to make new friends when you play in our platform.
TRANSPARENCY AND SECURITY
Betform employs the state of the art technology to provide its users highly secure and efficient environment to play their favorite games. The operations are powered by smart contracts. Smart contracts would immediately pay out the winnings after each round of game ended.
Our platform operation is regulated by licensing jurisdiction.
ERC 20 TOKEN COMPLIANT WALLET APP
After the ITS, we will develop the Betform wallet which would allow players to easily obtain the Betform Coin, the App will be interlinked with third-party exchanges via their APIs.
UNLIMITED WINNINGS AND WINNERS WELCOME POLICY
Successful bettors are often limited or banned by traditional and online casinos. Our business model is built on volumes rather than margins, which means we will always welcome winners!
At the end of every quarter, our smart contracts will allocate 35% of the month’s earnings as bonus for Texas Tournament and Big 2 Top leaders respectively.
At the end of every quarter, our smart contracts will automatically burn 5% of the commission charged. This will result in a decrease of the token supply, driving up the value of the Betform Coin.
The native token of Betform is Betform Coin. All gaming activities on the Betform will utilize Betform Coin. The Betform Coin will be implemented as ERC20-compatible token over the public Ethereum blockchain, which has now become the common practice for projects issuing their custom digital assets. It will work as any other Ethereum token within the Ethereum ecosystem.Players can acquire the Betform Coin during the token sale and afterwards on various crypto exchanges or directly via the Betform Wallet.**
The token will primarily serve as means as utility token with the following functions:
(i) In-App token – All platform transactions will be carried out using the Betform Coin.
(ii) Value holders – The Betform Coin value is likely to rise as we acquire more players and partners, and reduce the total token supply as we will continue burning part of the circulating tokens.
(iii) Global betting tokens – Our ultimate goal is to establish the Betform Coin as the market standard for betting.In order to achieve this, we will pursue a number of strategic initiatives aimed at developing a broad ecosystem and drive widespread Betform Coin adoption.
(iv) Game and app developers – Betform will integrate selected games and apps by third-party developers.Players will enjoy more content, while developers benefit from reaching a global audience and earning commissions through our platform.
(v) White-label customers – Companies and gaming operators will be able to add their multiplayers games to our platform. Our modular technology architecture allows us to offer near-turnkey solutions and complementary services at a low customisation cost.
Number: 240 million BFC
Price: 1 BFC = 0.10 USD
Soft cap: 1.5 million USD
Hard Cap: 9.6 million USD
Number: 105,250,000 BFC
Number: 96 million BFC
Decision to launch ICO in Singapore by December 2018
Finalization of technical documentation
Game development Search for reputable gaming company Smart Contract Start developing smart contracts
Game development Concept of finalisation and gameplay planning of intellectual contract Development of the state channel of Smart contract
Game development Game process finalization and design planning smart Contract Developing a wallet contract to hold our ERC-20 tokens Legal Advisory Review Whitepaper legal Consultant
Smart Contract Development of the contract for the purse for storage of the marker ERC-20. Obtaining a legal opinion
Game development Development of the alpha version of Smart Contract Developing a smart crowd contract
Game development Beta version of the APP ready IR certification from Testlab Smart Contract Development of smart Contract games
Game development Release for APP version Development of CMS and jumpers of incorporation of the company’s work for the application for the license of gambling launch ICO pre-Sale October 1, 2018
Game development Launch Lite version in Google and IOS store Smart contract Development of the gaming Smart contract launch of the Bounty program
Smart Contract All intelligent contracts are checked to run the airdrops program
ICO Open Sale Gambling application for licensing integration of intellectual contracts and games
Application for listing in cryptocurrency exchange
Trust to get a gambling license to release the full version of the game after the license is approved
Betform team is highly qualified specialists in their field, who strive to constantly improve their project, develop mobile applications and make useful changes. Their team includes creative artists, designers, editors, programmers and illustrators.
If you are interested in the project, you can find more information on the following links to the website, technical document and social networks:
Twitter : https://twitter.com/Betform2
Medium : https://medium.com/betform
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2217709
My ETH: 0x3D17c00506572Bd93869D7818cE71Ae1822c139E