BETBOX : DESIGNING A GOOD REWARD SYSTEM FOR GAMBLERS.
INTRODUCTION
Gambling is fun, it cannot be predicted and the result that comes from it is enough to enrich someone if chances are well taken. Now it is more like another entertainment sector because this activity makes those involved lively and eager to participate. What interest me the most about it is the fact that it has been around now for a while and now it is lacking proper structuring which keeps affecting all those who are a part of it. Now that football is almost everyones favorite sport and the fact that predictions can be used as the game that can be bet on, it is a type of sporr that can be used to judge betting during gambling. Now that so many difficulties faces the betting market, the assistance of a block chain project called BetBox is anticipated an is gotten. Doing a what is prepared by the platform eliminates the need for another platform to handle the entire project, control efficiency and properly have people trained for the part they play in it.
WHAT NOW IS THE BETBOX ECOSYSTEM?
This is what gamblers have to achieve bthe complete revolutionization of their industry. It has been built to overcome so many difficulties on the block chain but users still have to depend on them for their comfortability and they help users to achieve completeness through the simplicity and transparent that will be seen by all while the advantages are enjoyed. The team behind this innovation has thought about making it very useful and has come about compiling the operation g
Of the BetBox in a social app which could be downloaded and installed on all devices virtually with a generally accepted access as the language of communication.
On BetBox platform, a lot is done for both the winners and those who eventually fails. Both are going to be rewarded but the rewards of the losers will be small when compared to what is given to the winning side. This is now a great time to commence so that values can be created through the type of characters that gets involved and all can be rewarded as they gamble.
THE FEATURES OF BETBOX
This first feature is the p2p type of betting which makes one individual to bet against another one in the system. This feature gives users the chance to choose the game and also makes them able to set it such that the results are not exposed to the public. This feature keeps all that happens between those involved and nothing more happens.
Also, the entire mass public can do the same i.e bet at once by members when they have an agreement and then the results gets to be displayed to the entire group involved. Whichever way users want the game done will be fine although it will be that they will get results displayed to them in private or publicly depending on what they choose to have.
When individuals make votings on a particular bet, they are eligible to get rewards called voting rewards. The members only gets this for their participation and them they get Ethereum as the reward currency.
Users are allowed to participate in the activities automatically without any stress and this time around machines can be used in controlling the betting activities after they must have staked a particular value of ETH into the game.
All in all there is fairness and transparency in BetBox and it has a fairness rewards which those who participated but didn't win gets. This is just to encourage them and make them feel better to participate next time. In this network, all kinds of users are cherished by rewarding them. Those who don't even wager at all but contribute one or two ideas in it also gets appreciated.
ABOUT THE BETBOX TOKEN
The token is ticked OX, it is designed to be the drive of the ecosystem for making payments, betting and doing all other financiaI aspect of the activities in BetBox. It is an ERC-20 token that serves utility functions. Users get benefits for handling it and will continue to do so endlessly.
Token OX
TypeUtility
PreICO Price 1 OX = 0.0004 ETH
Price 1 OX = 0.0004 ETH
MVP/Prototype Available
Platform Ethereum
Accepting ETH
Minimum investment 0.1 ETH
Soft cap 4,000 ETH
Hard cap 32,000 ETH
Country Gibraltar
Whitelist/KYC KYC & Whitelist
Restricted areas USA, Bosnia and Herzegovina, the Democratic People’s Repulic of Korea, Ethiopia, Iran, Iraq, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, the People’s Republic of China, Singapore and Cuba
CONCLUSION
Now gambling will have all of those things users hoped to see in it and the enthusiasm of those who bet will be rekindled again with all the qualities that is lacking becoming present now with BetBox.
https://betbox.app/required/lightpaper-v1-betbox-decentralized-betting-app.pdf
Bounty0x Username: Ironrose