When we say Blockchain, it makes every payment or everything fast, advanced and secured and the Gambling and Betting industry is one of those industries adopting blockchain. Indeed there are countries like Malta , that was also known as Pioneer in the Gambling Industry, already planning to legalised the use of Bitcoin as well as the other crypto currency for their online casinos.
Looks promising, but how can the Blockchain technology will change the Gambling and the Betting Industry? will it be for the good, or for the worse?
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Decentralization. Adopting Blockchain leads you to Democratization that will creates a value.
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The Transparency and Trust. I know you will agree with me, Transparency and Trust is the most important in all aspects. And the online casinos loose it as it was used for some tricks and scams. Blockchain will creates a trust among the customers enabled them to bet with the confidence. It will never be tricked and manipulated because the Smart Contracts will verify the records that was shared by the ledger.
Gambling and Betting is 50- 50, it’s risky! You may win, you may loose! But still many people got addictive with it hoping for positive result. We saw how Blockchain Connected with this Industry. As a matter of Fact, I saw many Blockchain start-ups project about gambling and betting, and what like how risky is this industry, Those projects are so risky too. Some of them got successful and Many of them is not. There still newly born projects and one of them is Betbox.
With a 4.3 ratings on ICO Bench , I ended up into this project where Both Stefan Godly the CEO and Marc Weyermann the CTO Passed the KYC. So it be more interesting.
The name describes what the protocol is about. It will be a global workbench (box) for monetarized events (bet). That's where the name BETBOX lies
Betbox is a decentralized, transparent, and a P2P network betting platform aiming to foretell the present challenges that the players facing while providing the safe, smooth and a continuous comfortable platform to the bet.
As what I say before where both CEO and CTO of Betbox passed KYC on ICO Bench, it will be the start of humours that this team was real.
The team have been to IDACB Nigeria, crypto summit zurich, blockchain summit Malta, UCIM singapore and the blockshow asia.
Did you know that the OX token has no maximum supply? Maybe sounds crazy for anyone but, how is that happen? how can we get more OX?
You know bet365 betfair? I actually think first that it was same, But after reading everything about it, It's a total different. Actually I can think of a ecosystem which is combinging a monetized social media feed with gambling and lottery features, but I found out that they will also develop traditional betting features in the future, unfortunately, for now They can integrate 1x2 bets, p2p bets, group bets, public bets, but it is with social odds and not like bet365 where ahh we get an exact qutation for a specific timeframe.
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