BITGOALS: REVIEW ON BITGOALS
INTRODUCTION
The history of sports extends as far back as the beginnings of military training, with competition used as a means to determine whether individuals were fit and useful for service. Today, sports have evolved out of the military practice to recreational activities. It is a great way to stay fit and healthy. It has also become a
multi-million dollar enterprise for lots of individuals with a growing demand.
The global sports award industry which has been around for years has been put in place to reward and recognize its players. Despite its undeniable growth and over the years, there are fundamental issues in which the industry is confronted with.
PROBLEM OVERVIEW
The size of the regulated global online sports betting market in 2016 was $45.86
billion while forecasts indicate an increase of up to $56.05 billion by 2018. There is no solid data regarding the size of the illegal market; however it is estimated to be around $200-$400 billion annually. This lack of trust revolving around the traditional sports industry discourages
potential players to register in such systems. In sports betting and participation in the sport casual activities in the traditional platforms, players face the following problems:
•Complicated and long process of registration.
• Requirements and data storage.
• Delayed payouts.
•High fees.
•Limited betting amounts.
•Governmental control.
At present, individuals and technology in the industry lack the ability to solve these
problems, particularly the issue of trust and cost. Thus, the major players in the industry rely on the authoritative bodies and regulation to instill the trust, while costs incurred remain high for all parties. In order to overcome these concerns, Bitgoals offers a platform which caters for and brings together all role players in
the industry to share revenues. This will offer an eco-system that is transparent and trustworthy, as it allows people to partake in sport activities, administered by cryptographically verifiable code.
BITGOALS
Bitgoals is an innovative project that eliminates all of the above problems. It is a blockchain based platform created to reward its active users and to incentivize the sports industry. With the use of smart contracts, it will be ensured that transactions are done reliably while emphasizing fairness for sports and sports fanatics.
Consequently, the advantage of using the blockchain technology together with the
smart contracts is the customer’s protection it offers in the real world.
The Bitgoals platform aims to do the following:
• Provide simple registration to participate in the draw games.
• The ability to use as much funds as possible.
• The ability to get an almost instant payout.
• Full dependence
• Eliminate the fraud risk
• Make the jackpot generation process and access to the information about it
transparent.
• Anonymize the participation; no third party would have access to a user’s data
• Get rid of hidden fees and manipulations with the betting and payout amount; all information would be public.
The main aim of Bitgoals platform is to create an ecosystem where sport activities
and transactions are carried out without human interventions, making it global, secure, transparent and a fair ecosystem. The Bitgoal software product will be continuously improved to attract new customers. In this regard, the system will have an open fee which will be used for developing and improving the protocol
and adding new functionality.
TOKEN DETAIL
Token Name: BITGOALS
Token Ticker: STP
ICO Price increase to: 1STP=$0.8
Token standard: Hybrid
BITGOALS ROADMAP
THE TEAM
PARTNERSHIPS
For more insightful information about the BITGOALS platform, visit any of the links below.
Website: https://bitgoals.com/
Whitepaper: https://bitgoals.com/wp-content/uploads/2018/05/Bitgoals_WP.pdf
Telegram: https://t.me/BitGoals
Twitter: https://twitter.com/BitGoals
Facebook: https://www.facebook.com/BitGoalsSTP
Blog: https://medium.com/@Social_4834
Writer: Cryptoqueenkim
BTT profile link: https://bitcointalk.org/index.php?action=profile;u=1380200