Hello,
I have seen few blockchain platforms entering the online gambling space.
How does BX stand out from the rest?
Hello jols,
many thanks for your question. In fact the BX ecosystem differs a lot from all other blockchain competitors! Let me point out the most relevant differences.
First of all BX is a fully decentralized peer-to-peer betting exchange, meaning its players do not bet against a centralized bookmaker at the end (advantages: no limitations for players, total transparency by removing the bookmaker, improved odds, lower fees, reduced operating costs).
Basically the whole content of the ecosystem will be created, handled and voted by the community. The system automatically creates smart contracts for every step in the betting process, which makes it very secure at the same time. We have a great innovative superuser / market owner concept, that allows users to take over the role as a bookmaker and to earn extra BX tokens! In general, there is a lot of community engagement, which will contribute to a great social betting experience.
Furthermore BX will not focus on sports betting only. Financial and prediction markets will be the other 2 big pillars in the ecosystem. In prediction markets you can basically bet on anything! It's a very interesting and upcoming market.
Also there are public and private betting markets. Private betting markets are only accessible via invitation and are great for closed groups as friends, colleagues, small betting communities, etc.!
There are many features that will make BX very unique and also extremely attractive for the giant betting market.
Please take a look at the competitor analysis below. You can also find this in our well worked-out Whitepaper.
(this answer was copied from page 9 of this thread)
Our MVP (minimum valuable product) is available thru our website:
www.bx.bet and offers real blockchain betting. Check it out!