There is one market that is thriving without facing any issue and it is the global betting market. This $60 billion market is quite lucrative, but not transparent and free of flaws. Centralized agencies manage all the actions take place on online betting platforms because of which thousands of users face a huge loss. It should be stopped and it must be revolutionized.
BX is introduced to resolve the issues affecting people’s betting experience. It is a blockchain technology based peer-to-peer betting and prediction market ecosystem which will permit the interpreted users to wager on any market formed by the users within this ecosystem by using the BX tokens. This platform is using the Ethereum blockchain and smart contract to eliminate the need for a middleman. It means the users will gain a complete control and they will not spend any extra penny for the services offered by the middleman. This platform is going to transform the way the betting industry works today and every user will enjoy multiple opportunities for making money online.
Flaws of the traditional betting system that affect users’ betting experience:
There are many flaws that make traditional betting a nightmare for users across the globe. The most disturbing ones are as follows:
- Lack of trust:
A high degree of trust is required by the traditional betting operators. The bookmakers do not miss any opportunity of exploiting their trust and it eventually results in unnecessary financial expenditures for the users and bookmakers.
- Lack of transparency:
Traditional bookmakers do not reveal their tactics. They do not reveal what information they have used to create specific odds. Betters do not find a way of verifying that the given odds are fair or not. That’s why many people do not get a fair profit after winning.
- Unnecessary limitations:
The existing betting platforms limit the actions of betting. Bookmakers understand the way the users are behaving and then they cause limits on certain players who are winning great money. Some bookmakers also penalize players who experience constant wins. Many players get banned because of their good luck.
- Expensive betting:
Betting on traditional betting platforms is not cheap. Though the online betting sites offer some great bonus features, still the user needs to pay expensive transaction fees time and again. Any extra cost associated with wagering is charged directly to the players, which is unfair.
What solution is BX offering?
The approach followed by BX.Bet is going to eliminate the non-distributed process. The players will get full transparency on this decentralized betting platform and they will gain a complete control over their funds and betting experience. There is no middleman and nobody to dictate the way you are going to bet. This platform will provide every user with the BX token which they can use to bet and free of cost transactions within the ecosystem.
BX.Bet is designed to revolutionize the way the global betting industry is affecting people’s betting experience. This platform has more affordable and user-friendly solutions for all the issues users face today. Therefore, it can be a successful betting destination for everyone.