[ABOUT BETMATCH]

ABOUT BETMATCH

Betmatch is a blockchain solution for bookmakers by RevelDevelopment. It combines the classical business model of traditional betting cases (but executed in a trustless paradigm using blockchain technology) with a social betting network as a second, community layer. These two business models perfectly complement each other, providing additional customer value and enhancing the overall net effect of the system.

Betmatch’s proposed technical and business solution provides customers with an original service of trustless betting using cryptocurrencies. Deposits, bet execution, and withdrawal processes are executed using blockchain network services (direct crypto payments and smart contracts) and cannot be interfered by any third party’s actions. Besides an industry-grade, classical betting service built on top of a blockchain network, Betmatch offers an original social solution for players and the betting-related community. This concept allows each customer or project supporter to construct a personal business with positive cash-flows or receive a share of the platform’s profit as a reward for social activity and community interaction inside the system.

ABOUT TOKEN

 - Betmatch is issuing XBM, an ERC20-compliant token.
 
 - Personal token holding allows the user to bet without any commissions. It means that if the player bets and wins in the end, he gets not only the winning amount according to coefficient with which he placed a bet, but also all commissions from his bet.
 
 - XBM tokens can be “lent” to other customers. Token holders may want to lend their tokens in exchange for monetary compensation.
 
 - On the future stages of the product development, token functionality would be extended by the opportunity to bet on these tokens (without house commissions) and stake them to provide valuable information for the system.

INTRODUCTION TO BETMATCH

     

     

HOW IT WORKS?

- Deposit in cryptocurrency with one click;

User sends ETH to contract and receives balance inside betting service

- Bet on desired event;

Placing a bet to the contract on desired event and coefficient from wide betting line

- Receive a trustworthy and fast payout if you win;

When event is finished, smart-contract automatically executes a bet. Won ETH is ready to instant payout.

ADVANTAGES OVER COMPETITORS

- Prediction Markets

• Traditional customer experience, convenient for the majority of players.
  
  

- Betting Protocols and P2P Betting
        

• Liquidity (p2p and protocols are illiquid now)

• A wide variety of events and bets.

• We aim to build a real-working and long-term business.

- Traditional Betting Operators

• Easy and fast funds transfers.

• Trustworthy paradigm. No worries about payouts.

• Low (and even zero) commissions.

TECHNOLOGY

 - Blockchain and smart contracts system

• Trustworthy funds transfer, storage and bets execution.

- Professional bookmaker analytics

• Dynamic coefficients establishing and risk management provided by our business partner.

 - Other

• Industry standard UI/UX.
• Delegate social system.
• Staking (discount) token economy.

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[ABOUT BETMATCH]

ABOUT BETMATCH

Betmatch is the first decentralized betting house that combines the classical business model of traditional betting cases (but executed in a trustless paradigm using blockchain technology) with a social betting network as a second, community layer. These two business models perfectly complement each other, providing additional customer value and enhancing the overall net effect of the system.

Betmatch’s proposed technical and business solution provides customers with an original service of house trustless betting using cryptocurrencies. Deposits, bet execution, and withdrawal processes are executed using blockchain network services (direct crypto payments and smart contracts) and cannot be interfered by the betting house’s or any third party’s actions. Besides an industry-grade, classical betting service built on top of a blockchain network, Betmatch offers an original social solution for players and the betting-related community. This concept allows each customer or project supporter to construct a personal business with positive cash-flows or receive a share of the betting house’s profit as a reward for social activity and community interaction inside the system.

ABOUT TOKEN

 - Betmatch is issuing XBM, an ERC20-compliant token.
 
 - Personal token holding allows the user to bet without any house commissions. It means that if the player bets and wins in the end, he gets not only the winning amount according to coefficient with which he placed a bet, but also all house commissions from his bet.
 
 - XBM tokens can be “lent” to other customers. Token holders may want to lend their tokens in exchange for monetary compensation.
 
 - On the future stages of the product development, token functionality would be extended by the opportunity to bet on these tokens (without house commissions) and stake them to provide valuable information for the system.

INTRODUCTION TO BETMATCH