Greetings to you all readers, in this article i will be discussing what exactly this brand new and pathfinding innovation Betbox is all about and i will appreciate your standing by till the end.
Thanks to the world of technology mixed with the innovation of this company Betbox making it possible for the success of this platform and standing it out in the wild of Cryptocurrency with its exceptional cutting edge effort, as a corner stone and swift transformation to evolve.
In the modern internet space, more and more attention is paid to cryptocurrency investments and the investment market and Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at Betbox have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.
OVERVIEW OF BETBOX
BETBOX over conventional wagering arms stockpiles, BETBOX offers a basic and reasonable wagering stage, offering motivating forces to clients, blockchain innovation decentralized wagering, security of assets of clients, trust and straightforwardness. The BETBOX portable application will be accessible for download and establishment for Android (google play), iOS (apple) clients, and web (work area) clients which are all in English language however more dialects will be presented in the closest future. On BETBOX environment victors of a specific wager don’t just get remunerated, failures who yield to thrashing will be boosted, they are not relinquished like conventional wagering suppliers this will be talked about underneath. Ox tokens holders will be remunerated for taking an interest in explicit undertakings which incorporates casting a ballot, decency, adding to the system, and performing activities for their faithfulness and increasing the value of BETBOX.
VOTING REWARDS: Members of BETBOX network who participate in voting for finding a consensus will be rewarded with Ethereum, amount received by a community member depends on the reaction time, amount of Ethereum staked, and the number of participants involved in that particular bet. Rewards will be sent out automatically to those who participated through BETBOX smart contracts. Winners of the voting reward on BETBOX network are those who will be incentivized with 4% of the total amount of Ethereum staked initially.
FAIRNESS REWARDS: Fairness reward category is for those community members who placed their bet but didn’t win, they will be incentivized for their honesty and for their ability to concede to defeat which will also be distributed automatically through BETBOX smart contract, it will be primarily set to 4% of the total Ethereum staked.
CONTRIBUTING TO THE NETWORK: Those active members whom are constantly contributing to the success of the BETBOX network will be rewarded for their hard work and diligence.
PERFORMING ACTIONS: BETBOX network will incentivize community members who add their own ideas for the betterment of BETBOX. A development fund will be made available for the tenacity of rewarding the commitment of certain users of BETBOX platform. Community members who give their expertise and knowledge for the core purpose of the continuous growth and expansion of BETBOX ecosystem will be incentivized with OX tokens.
Traits and Merits rendered
Wagers can be put by general society or by companions
– Users can set up insane difficulties and get remunerated with 10% of the big stake as a reward
– Everyone can anticipate in the event that you can hold your oath with a wager on you or against you
– Live feed usefulness make you see what’s going on anytime
– Security of client’s wallet with the most recent security usefulness
Focal points
1. Straightforwardness and Trust
Betbox is boosting trust between electronic theorists by allowing a decentralized wagering foundation that can not be controlled, and furthermore with the use of clever contracts.
2. Lessen Fraud
Utilizing splendid contracts, trades will be dealt with and recorded on passed on records that will make customers dynamically secure and limit the occurrences of distortion by software engineers. customers rewards are shapes through splendid contracts and this makes it possible to frames trades in a decentralized circumstance.
3. Paying with Cryptocurrency
Betbox customers will have the ability to execute through advanced types of cash, this will diminish portion getting ready expenses and engage a snappy taking care of rate. The use of computerized monetary standards on the Betbox stage will make stores and withdrawal brisk and meanwhile diminish the costs.
4. Diminish House Edge Costs
Through a tokenized economy, the ordinary dimension offer of Betbox deducted from trades is decreased since the application is decentralized and motorized. Betbox will cut costs related with trades getting ready empowering its customers to develop their advantages.
5. The User Interface
Attributes
Individual bets: This category consists of 3 sub categories which include:
Private peer to 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.
Private group: 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.
Public: Offer the opportunity for community members to generate universal bets with individual set up of the bet and public outcome consensus.
Betbox Ecosystem
Betbox Ecosystem
BETBOX TOKEN (OX)
Ofcourse, 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.
TOKEN PARAMETERS
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%
Token Distribution
Genius team behind the Betbox Platform
ROAD MAP
PARTNERS
For more detailed informations, visit:
Bounty0x Username - Joecolern
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