BETFORM - The Smart Contract Powered Social Betting Platform

PRESENTATION

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Betform, whose mission is to establish themselves as a top decentralized social betting platform that offer players wide range of multiplayers blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem has arrived.

"Well, Social sports betting can vary from peer to peer betting where you can bet on just about anything provided you can find someone who is willing to oppose you, to more traditional sports betting markets with added social features like a chat function and head-to-head statistics being included.

Social sports betting is really little more than an umbrella term that covers a wide range of options based around gambling and social media and encompasses a multitude of alternatives and though Betform is designed to support a peer to peer gaming, using the platform, the need for middlemen is naturally gone."

Betform uses blockchain technology to create a gaming network that houses traditional functions such as paying out winning and offering quarterly rewards.

But before we go any further, please check out this video presentation to get acquainted

Now that I have your attention, let’s get right to it.

What exactly is BETFORM?

Betform is a new generation of online-casino betting platform powered by the blockchain technology. Betform is designed to support a peer to peer gaming. Using the platform, the need for middlemen is naturally gone.

Betform uses blockchain technology to create a gaming network that houses traditional functions such as paying out winning and offering quarterly rewards.

Betform strive to enable large user access to a wide range of blockchain games thereby enabling ease of access and maximum security standard . This was able to be accomplished by connecting blockchains , leveraging on the smart contract and payment channels which enabled maximum security and cost reduction.

Betform is a social betting platform powered by Smart Contracts. It is a peer to peer gaming platform which involve no middleman. It connect blockchain technology to the real world by providing decentralized gaming network. All of key operations such as winning paid out, and quarterly rewards are all regulated by Smart Contracts.

The Mission

Betform mission is to establish ourselves as a top decentralized social betting platform that offer players wide range of multiplayers blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem. They are able to do this by connecting blockchains, leveraging on the smart contracts, and payment channels, which works in a completely secure, instantaneous and low-cost manner.

Sport Betting Legalized

The betting industry has blossomed regardless of its legality. Illegal sports betting is a multi-billion-dollar industry (some estimates are as high as $150 billion); anyone who wants to place a bet can do so easily online or through local office pools and offshore books. Now, after the Supreme Court decision, states will be more inclined to consider or pass legislation to legalize sports betting, thus allowing people to continue betting but in a regulated and fairer environment. It will also prevent them from dealing with questionable bookies. Moreover, addicts will have fewer stigmas, which may make it easier for them to seek help.

Legalizing sports betting will create huge state tax revenues. More importantly, it has the potential to create jobs (estimated between 125,000-152,000 jobs) for the American people. Researchers estimate that legalized, regulated sports betting could actually bring in a total of $6 billion in annual revenue for states by 2023. Moreover, it has potential to bring huge money into the United States and keep it there. Currently, most of the betting takes place online. It is more than likely that legalizing sports betting in America will trigger American telecommunications and tech companies to take over the international market.

This is what supports Betform to be present in the midst of society as a social and fair betting platform. Betform is a decentralized social betting platform that brings funs, privacy, and safety for funds to players.

The Purpose of Betform

Provide an easy to understand interface with simple account creation, user friendly profile management and account management.

Provide transparency and fair gaming experience to players. Betform uses a transparent way of generating the outcomes of its games with our tested and certified RNG system.

Increase user retention through gamification such as special events and rewards to keep players engaged.

Target casual players from emerging markets such as the South East Asia and China, Hong Kong and Taiwan.

For these reasons, they create:

Decentralized social betting applications

Players can easily create account and join an ongoing public game or even create a new table and invite other friends to play together. Smart contract as the back bone for the decentralized applications. The games are safe, fun, and private. A business model which is based on volume instead of the margin. They will always welcome winners to join and play the games.

Betform Games

The platform offers numerous types of casino-betting games. But planned to have several more games to deploy. Some of them include:

Mah-jong (Chinese-based board game)

Big Two (Chinese-based card game where the winner is the one who plays all his or her cards)

Texas Hold’em

The Betform Platform Features

Smart Contract

Smart contracts will ensure that winners are paid instantly in a transparent way.

Social Features

Social features will help users stay in touch with each other and make new friends.

Cryptocurrency Integration

The Betform platform will integrate an ERC20 Betform Coin (BFC). All gaming activities envisaged by the Betform solution will employ this coin.

Developing Platform

Betform will also integrate selected games and apps developed by third parties. Companies and gaming operators will be able to add their multiplayers games to the Betform platform.

Provably fair gaming

Users can access game history at any time to confirm outcomes. Betform's PRNG is tested and certified by a reputable test lab.

Regulated

The platform will operate in accordance with regulations

ERC20 Compliant Wallet

Users will have wallets for easy management. The wallet will allow users to easily obtain the Betform Coin, the App will be interlinked with third-party exchanges via their APIs.

Daily & Weekly Rewards Program

Betform offers daily and weekly rewards for loyal players. The rewards can be spent on app customization (music, background, etc.).

The Betform Token (BFC)

The Singapore based company is currently launch its BFC token Initial Token Sale. BFC token is an ERC20 based on the Ethereum blockchain. All gaming activities envisaged by the Betform solution will employ this coin, i.e. users will need to carry out transactions and place bets in BFC.

The Betform Initial Token sale will begin on January 8, 2019. There will be extra tokens offered as a bonus for users who commit earlier (early-bird bonus). The funds raised by the ICO will be used to redevelop and upgrade the platform and its system architecture so it can comfortably cope with the millions of players heading the way.

Token Details

Token Symbol: BFC

Token type: Utility token

Platform: Ethereum

Standard: ERC20

Total Supply: 240,000,000 BFC

Token for Sale: 96,000,000 BFC

Open Sale Start: January 8, 2019

Token Price: 1 BFC = USD 0.10

Hard Cap: USD 9,600,000

Token Distribution and Token Sale Proceeds Allocation

Token distribution

Pre-sale 43.9%

Founders 11%

Open sale 40%

Team 2.5%

Bounty & AirDrops 2.6%

Token sale proceeds allocation

Development & Operations 55%

Marketing 10%

Reserve & Working Captital 10%

Advisors 10%

Legal 15%

ROADMAP

Feb '18

Decision to launch ICO in Singapore by Dec 2018

Mar '18

Whitepaper concept finalization

Apr '18

Game Development • Sourcing of reputable gaming company

Smart Contract • Start of smart contract development

May '18

Game Development • Concept finalization and gameplay planning

Smart Contract • Development of state channel smart contract

Jun '18

Game Development • Gameplay finalization & design planning

‍Smart Contract • Development of wallet contract to hold our ERC-20 token

‍Legal Advisory • Whitepaper review by legal consultant

Jul '18

‍Smart Contract • Development of wallet contract to hold our ERC-20 token

Obtain Legal Opinion

Aug '18

Game Development • Alpha version ready

Smart Contract • Development of crowd sale smart contract

Sept '18

Game Development • Beta version of APP ready

• PRNG certification from Testlab

‍Smart Contract • Development of gaming smart contracts

Oct '18

Game Development • Release candidate for APP version

• Finalization of development of CMS & webs

‍Incorporation of operation company for gambling license application

ICO pre-sale start 1 October 2018

Nov '18

Game Development • Launching of Lite version in Google and iOS store

‍Smart contract • Finalisation of gaming smart contract development

Launching of Bounty program

Dec '18

Smart contract • All smart contracts are audited

Launching of Airdrops program

Jan '19

ICO Open sale

‍Gambling license application

Integration of smart contracts and games

Feb '19

Application for listing in cryptocurrency exchanges

Mar '19

Target to obtain gambling license

‍To release Full version of game after the license approval

MEET THE AMAZING TEAM

ADVISORS

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://www.betformcoin.io

Whitepaper: https://www.betformcoin.io/Betform-White%20paper%202018_03.pdf

Twitter : https://twitter.com/Betform2

Facebook :https://www.facebook.com/betform.io/

Gitub: https://github.com/GameDevICO

Bitcointalk :https://bitcointalk.org/index.php?topic=5032072

Medium : https://medium.com/betform

Telegram: https://t.me/BetformOfficial

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.