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Online betting, one of the fastest growing forms of entertainment, will exceed growth expectations thanks to the implementation of blockchain based betting platforms. The income from online betting will grow by nearly 12% annually, according to H2 Gambling Capital.
Blockchain technology, for the first time, can ensure transparency of betting transactions in addition to other critical benefits to the rapidly expanding online betting industry.
XWIN, a betting platform for sporting and other events with revenue sharing governed by an Ethereum smart contract, promises safe and convenient access for betting on any type of event. XWIN’s mission is to provide the most convenient and successful platform in the crypto betting industry.
Smart Contract Governs Bets
The XWIN smart contract sets the payout amount when a bet is placed, which cannot be spent prior to contract settlement.
The platform prevents lockouts due to frequent wins or arbitrages. There are no infrastructure risks related to technical issues with interruptions of Internet access or equipment problems, and no risk of embezzlement of funds.
The XWIN smart contract performs the role of an arbitrator that manages funds automatically. Players’ accounts are placed on the XWIN smart contract.
Registration on the platform and the purchase of tokens will provide players the benefits of ID protection, winnings protection and low fees.
Payments will be made from the general fund, which will combine free exchange pricing, commissions and token price increases. The smart contract guarantees the XWIN token price.
The XWIN CryptoBet platform will allow for betting on football, hockey, tennis, basketball, motorsports, badminton, baseball, biathlon, boxing, volleyball, handball, darts, E-sports, politics, rugby, mixed martial arts, snooker, chess, show business and other games.
All bids, bets, games, payoffs and results are recorded in the smart contract and verified against several sources of information, preventing errors during the transfer of bets and results to the smart contract. Users will be able to verify the results in the XWIN.io interface or through the XWIN API. They can also verify results through any wallets and web interfaces in the Ethereum blockchain.
The platform will deliver margins from 6% to 20% of the betting rate. The margin will be credited to the smart contract account and managed autonomously. The margin will be distributed as follows: 25% to guaranteed payments to the players; 35% to marketing; 20% to administration; and 20% to investors.
XWIN token holders will be able to sell tokens, redeemed directly by the smart contract, at any time at a nominal price.
Third party counterparties will connect to the XWIN platform using tokens, which are used to account for all transactions on the Ethereum blockchain. Bookmakers, casinos and rating games can gain automatic access to information such as betting odds, settlement services and betting contracts.
Investors Stand To Win Big
The XWIN ICO will provide investors with an unprecedented opportunity to become a co-owner of the world’s first crypto-bookmaker and receive 100% of net income (56 kB).
Investors will have access to XWIN tokens during the platform’s development.
The smart contract will execute the XWIN ICO, which provides early access to the market. The ICO offers an opportunity to receive 20% of net income from the XWIN bookmaker.
The ICO will issue a limited number of tokens, of which 80% will be for players and investors.
ICO Begins
The ICO XWIN CryptoBet and open sale of tokens will last exactly for three months until Jan. 30, 2018.
The cost of one XWIN token is 0.003 ETH.
• 20% of the tokens will be available for the founders one year later.
• 80% of the tokens will be for the open sale.
The funds received from the ICO will be distributed as follows: 32% for development;15% for legal expenses; 35% for marketing and advertising; 15% for administration and maintenance; and 3% for bounty funds distribution.
More than 3,000 registered during pre-ICO. More than $1 million in ETH and BTC has already been raised.
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The post XWIN Brings Blockchain Integrity To Online Betting; ICO Begins appeared first on Crypto Currency Online.
source https://cryptocurrencyonline.co/xwin-brings-blockchain-integrity-to-online-betting-ico-begins/
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