BX is looking to revolutionize the future of betting with its decentralized blockchain-fueled betting and prediction market platform. It removes the middleman and centralized structure with the goal of redefining the betting industry with a better user experience. Participants place bets with the BX token across a trio of markets -- sports/esports, prediction and financial -- created by the community.
BX is accessed via a mobile app, where all of a user’s betting activities can be accessed. Users place bets via a peer-to-peer model without a middleman, become a market owner/accept bets/offer odds, create private markets and determine outcomes, the latter of which gives them the ability to earn rewards for honest outcome votes. Meanwhile, “betting transactions run autonomously, securely and transparently on the blockchain.”
Betting exchange is a hub where users accept or offer bets on the outcomes of respective markets.
Fee structure will be transparent and lower than those associated with traditional industry models.
Smart contracts give users control over their funds and betting transactions and are how payouts are delivered.
Market owners represent any user who wants to become a bookmaker and share in the profits that the market generates.
Betting markets are comprised of private and public markets. The difference between these two markets are evident in access, fees, purpose, requirement and benefits.
A BX outcome voting system “as a decentralized oracle” will determine bets securely and reliably.
BX runs on the Ethereum blockchain.
Players in the $51.96 billion online gambling industry across sports betting, esports and prediction markets.