[ANN][ICO]Betrium —Worldwide Betting Exchange with API and Organizers Platform🎾

[BlitzandBitz]

The subject was "Bitcoin, ICO and how PayPal needs to evolve". Betrium was introduced there as an example of current ICOs.

Karthik Iyer gave a "Blockchain technology and linkages to Bitcoin and Cryptocurrencies" speech at PayPal today!

https://twitter.com/betriumBets/status/918951698642735104

That's interesting. Maybe Paypal will wisen up and accept the way of the future. Was this speech regarding Bertrium?

Was the speech made by Karthik Iyer at Paypal regarding Betrium?

That's good you guys at least got a plug out of it.

[Dipsomaniac]

What kind of betting fees will there be?

[Betrium]

Some of the users, and probably the most of users of betting services, don't care about crypto-currencies' prices. They simply want to earn in $ and save $ balance. So we don't stop dumps, we prevent loosing USD.
Have you looked at this https://betrium.co/pics/exchange_031.jpg

Today Betrium announces one more important feature we've been working on for the last months.
We offer crypto-currencies volatility stabilization for users. In Betrium, balances will be fixed in the virtual USD/EUR, so users are protected from loosing in regular dumps. We're going to achieve that by integrating some exchange functionality (USD/BTC/ETH) and future partnerships with different local and worldwide exchanges.

I'm still confused on exactly how this works. How does fixing balances in the virtual USD stop dumps?

[Betrium]

https://twitter.com/betriumBets
https://www.facebook.com/Betrium/
https://t.me/Betrium

Betrium now featured on www.icoalert.com

Also, follow us, some good news coming up soon!

What's the best place to get up to date news on Betrium? This thread?

[Betrium]

Betrium's decentralized nature actually can skip regulation, but we want to act within the law.

Betrium is going to get gambling license in Curaçao soon, we're already preparing the documents. Curacao, Malta and Cyprus are the most popular offshore areas for this industry. License partly protects ourselves and our investors of any kind of regulator's attacks.

We will post some news about it soon, stay connected!


Also don't miss the opportunity, pre-ICO live!

You know, we can write a lot of beautiful words about decentralization benefits and blockchain powerful technology. However, simply, there are few very important things for us and our future customers:
   — Our field, gambling and particularly betting, is risky and much regulated. What we really need is the system based not in one data-center, not in one or few countries. To be protected from regulators and agressive competiros, we’ve got to have no single center. Otherwise we can say hello to US IRS and FBI. Ideally, we’d build a system, that may work regardless of ourselves.
   — Customers guarantees. It happens everywhere, when bookmaker holds customer’s money, blocks accounts etc. We want to provide transparency. It is profitable for us (reputation) and for our customers.
   — Revenue sharing. The most safest way to provide some kind of «dividends» for our international investors (token holders) is blockchain.

However, our solution is partly decentralized. In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.

Try to imagine how to reach our goals and to provide the service we’re going to provide in traditional approach.

What made you decide to use blockchain?

So why blockchain over a more traditional approach?

So you're going to completely skip regulation?

[Betrium]

0% on winnings.
0.5-1% on money deposit + 1.3% for fixing balance in USD
0-1% on withdraw.

What kind of betting fees will there be?

[earthcoin]

Some of the users, and probably the most of users of betting services, don't care about crypto-currencies' prices. They simply want to earn in $ and save $ balance. So we don't stop dumps, we prevent loosing USD.
Have you looked at this https://betrium.co/pics/exchange_031.jpg

Today Betrium announces one more important feature we've been working on for the last months.
We offer crypto-currencies volatility stabilization for users. In Betrium, balances will be fixed in the virtual USD/EUR, so users are protected from loosing in regular dumps. We're going to achieve that by integrating some exchange functionality (USD/BTC/ETH) and future partnerships with different local and worldwide exchanges.

I'm still confused on exactly how this works. How does fixing balances in the virtual USD stop dumps?

Thanks for the explanation, this makes sense now.

[deeltje]

Betrium's decentralized nature actually can skip regulation, but we want to act within the law.

Betrium is going to get gambling license in Curaçao soon, we're already preparing the documents. Curacao, Malta and Cyprus are the most popular offshore areas for this industry. License partly protects ourselves and our investors of any kind of regulator's attacks.

We will post some news about it soon, stay connected!


Also don't miss the opportunity, pre-ICO live!

You know, we can write a lot of beautiful words about decentralization benefits and blockchain powerful technology. However, simply, there are few very important things for us and our future customers:
   — Our field, gambling and particularly betting, is risky and much regulated. What we really need is the system based not in one data-center, not in one or few countries. To be protected from regulators and agressive competiros, we’ve got to have no single center. Otherwise we can say hello to US IRS and FBI. Ideally, we’d build a system, that may work regardless of ourselves.
   — Customers guarantees. It happens everywhere, when bookmaker holds customer’s money, blocks accounts etc. We want to provide transparency. It is profitable for us (reputation) and for our customers.
   — Revenue sharing. The most safest way to provide some kind of «dividends» for our international investors (token holders) is blockchain.

However, our solution is partly decentralized. In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.

Try to imagine how to reach our goals and to provide the service we’re going to provide in traditional approach.

What made you decide to use blockchain?

So why blockchain over a more traditional approach?

So you're going to completely skip regulation?

Excellent answer, I'm sure you could pull it off extra-legal style, but it's an necessary risk. What are the advantages of going through Curaçao? Less regulation?

[GoBelle]

https://twitter.com/betriumBets
https://www.facebook.com/Betrium/
https://t.me/Betrium

Betrium now featured on www.icoalert.com

Also, follow us, some good news coming up soon!

What's the best place to get up to date news on Betrium? This thread?

That makes it easy, thanks.

[BlitzandBitz]

Some of the users, and probably the most of users of betting services, don't care about crypto-currencies' prices. They simply want to earn in $ and save $ balance. So we don't stop dumps, we prevent loosing USD.
Have you looked at this https://betrium.co/pics/exchange_031.jpg

Today Betrium announces one more important feature we've been working on for the last months.
We offer crypto-currencies volatility stabilization for users. In Betrium, balances will be fixed in the virtual USD/EUR, so users are protected from loosing in regular dumps. We're going to achieve that by integrating some exchange functionality (USD/BTC/ETH) and future partnerships with different local and worldwide exchanges.

I'm still confused on exactly how this works. How does fixing balances in the virtual USD stop dumps?

That's a good point. Who cares how much token price drops in the 30m it takes to place a bet?

[Dipsomaniac]

0% on winnings.
0.5-1% on money deposit + 1.3% for fixing balance in USD
0-1% on withdraw.

What kind of betting fees will there be?

So if I were to make a $100 bet, and won another $100 off of it. I'd pay ~$.75 on the $100 deposit, $1.30 on fixing balance in USD, and then ~$1.00 on the withdrawal. A total of $3.05 on $200, not too bad really. That might even be cheaper than most platforms operating currently.

[Betrium]

Exactly.

1. License price.
2. Much less time to get license.
3. Less requirements and bureaucracy.
4. The local government welcomes the gambling market.

Betrium's decentralized nature actually can skip regulation, but we want to act within the law.

Betrium is going to get gambling license in Curaçao soon, we're already preparing the documents. Curacao, Malta and Cyprus are the most popular offshore areas for this industry. License partly protects ourselves and our investors of any kind of regulator's attacks.

We will post some news about it soon, stay connected!


Also don't miss the opportunity, pre-ICO live!

You know, we can write a lot of beautiful words about decentralization benefits and blockchain powerful technology. However, simply, there are few very important things for us and our future customers:
   — Our field, gambling and particularly betting, is risky and much regulated. What we really need is the system based not in one data-center, not in one or few countries. To be protected from regulators and agressive competiros, we’ve got to have no single center. Otherwise we can say hello to US IRS and FBI. Ideally, we’d build a system, that may work regardless of ourselves.
   — Customers guarantees. It happens everywhere, when bookmaker holds customer’s money, blocks accounts etc. We want to provide transparency. It is profitable for us (reputation) and for our customers.
   — Revenue sharing. The most safest way to provide some kind of «dividends» for our international investors (token holders) is blockchain.

However, our solution is partly decentralized. In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.

Try to imagine how to reach our goals and to provide the service we’re going to provide in traditional approach.

What made you decide to use blockchain?

So why blockchain over a more traditional approach?

So you're going to completely skip regulation?

Excellent answer, I'm sure you could pull it off extra-legal style, but it's an necessary risk. What are the advantages of going through Curaçao? Less regulation?

[Betrium]

Betrium is moving forward and looking for foreign sports traders from all around the world to take a part in the project!
Global expansion is the most important Betrium's mission. Worldwide network of professional traders and analysts is important to understand local differences of markets and national sports characteristics.
If you have more than 3 years of experience and want to be a part of our team, send us your proposals to hr@betrium.co

[GoBelle]

Betrium is moving forward and looking for foreign sports traders from all around the world to take a part in the project!
Global expansion is the most important Betrium's mission. Worldwide network of professional traders and analysts is important to understand local differences of markets and national sports characteristics.
If you have more than 3 years of experience and want to be a part of our team, send us your proposals to hr@betrium.co

Are these for advisor positions?

[deeltje]

Exactly.

1. License price.
2. Much less time to get license.
3. Less requirements and bureaucracy.
4. The local government welcomes the gambling market.

Betrium's decentralized nature actually can skip regulation, but we want to act within the law.

Betrium is going to get gambling license in Curaçao soon, we're already preparing the documents. Curacao, Malta and Cyprus are the most popular offshore areas for this industry. License partly protects ourselves and our investors of any kind of regulator's attacks.

We will post some news about it soon, stay connected!


Also don't miss the opportunity, pre-ICO live!

You know, we can write a lot of beautiful words about decentralization benefits and blockchain powerful technology. However, simply, there are few very important things for us and our future customers:
   — Our field, gambling and particularly betting, is risky and much regulated. What we really need is the system based not in one data-center, not in one or few countries. To be protected from regulators and agressive competiros, we’ve got to have no single center. Otherwise we can say hello to US IRS and FBI. Ideally, we’d build a system, that may work regardless of ourselves.
   — Customers guarantees. It happens everywhere, when bookmaker holds customer’s money, blocks accounts etc. We want to provide transparency. It is profitable for us (reputation) and for our customers.
   — Revenue sharing. The most safest way to provide some kind of «dividends» for our international investors (token holders) is blockchain.

However, our solution is partly decentralized. In Betrium bets happen off-chain and only added when the event happens and the outcome is undeniable. However the bets are broadcasted all over the network instantly for the odds to be recalculated.
That means, in contrast to competitors, we are able to provide high-speed betting service built on decentralized IT architecture.

Try to imagine how to reach our goals and to provide the service we’re going to provide in traditional approach.

What made you decide to use blockchain?

So why blockchain over a more traditional approach?

So you're going to completely skip regulation?

Excellent answer, I'm sure you could pull it off extra-legal style, but it's an necessary risk. What are the advantages of going through Curaçao? Less regulation?

Sounds like gambling paradise. I might have to plan a vacation this winter.

[BlitzandBitz]

Have you guys considered harnessing the power of neural networks and machine learning to get more accurate odds?

[Dipsomaniac]

Betrium is moving forward and looking for foreign sports traders from all around the world to take a part in the project!
Global expansion is the most important Betrium's mission. Worldwide network of professional traders and analysts is important to understand local differences of markets and national sports characteristics.
If you have more than 3 years of experience and want to be a part of our team, send us your proposals to hr@betrium.co

What did you have in mind, I wonder?

[earthcoin]

Have you guys considered harnessing the power of neural networks and machine learning to get more accurate odds?

That could be very useful. Good question.

[Betrium]

More about taking part in the content development.

Betrium is moving forward and looking for foreign sports traders from all around the world to take a part in the project!
Global expansion is the most important Betrium's mission. Worldwide network of professional traders and analysts is important to understand local differences of markets and national sports characteristics.
If you have more than 3 years of experience and want to be a part of our team, send us your proposals to hr@betrium.co

Are these for advisor positions?

[Betrium]

Andrey, our main sports analyst with 12+ years of experience, was developing some machine learning solution to explore play strategies and tactics (was more about arbitrage betting). Now we're integrating some if this stuff into the Betrium moderation panel.

If we talk about accurate odds — neural networks are about abstract thinking, whilst betting is more about precise mathematical calculations. However, anyway we are integrating neural system for analysis and to work with some big data.

Have you guys considered harnessing the power of neural networks and machine learning to get more accurate odds?

That could be very useful. Good question.