How Betlycoin is Revolutionizing The Sports Betting Industry
Betting and gambling activities are common events everywhere. It is an activity that we relish so much, especially since it affords the participating individual an opportunity of some financial earnings, as well as other inherent pleasures. But then, there has always been the age-long issues bothering on payment methods, high service transaction fees, withdrawal delays, insufficient user support, tedious regulations, severe taxing, amongst other unpleasant challenges. People have had to bear with these challenges since there wasn’t a reliable solution before now.
The coming of the decentralized payment technology is a welcome development that answers to the many centralized, third-party mediated payment problems that have always been the case. The ease and accessibility that has come to us by way of the digital currencies are enormous, and even the possibilities that yet lies therein, cannot be overemphasized. One of the facets of our everyday activities where the blockchain technology finds this relevance is all of the types of betting that we engage in.
The birthing of the Betlycoin comes as an ingenious blockchain innovation that tackles all of the setbacks that have plagued the gambling and bookmaking industry for many years. Betlycoin is the first fully decentralized sports betting platform that has a working model that can coordinate the transaction activities of several betting platforms, all by itself. As it stands, the coin is expected to usher in a widespread revamping of the financial world in this regard, and users may have just discovered a way out of all the gross losses experienced with the traditional betting and gambling methods.
In order to achieve an ideal supply and demand fluctuation, which ultimately influences market value appreciation and stability, the distribution of Betlycoin, starting from the pre-sales to the ICO, have been structured to push out adequate tokens that would be sufficient to power all the transactions that should occur; both now, when the token is just entering the markets, and in the future when adoption would have risen considerably.
The working methods of Betlycoin
According to the Betlycoin’s protocol framework, the network is expected to host the services of a good number of gambling and bookmaking platforms all over the world. The aim of the protocol is to remove all the difficulties that are peculiar to centralized operations, which have crept and found their path into the betting arena. When this pulls through, we would be having all the world’s betting companies and gambling casinos on a singular, but most convenient and easy to use the platform.
Betting sites that obtain franchise with the Betlycoin company, are afforded an opportunity to spread their business tentacles across to other countries where they couldn’t have gained access. Through this avenue, all of the bookmakers, especially sports betting sites who could not operate in other countries because of a lack of incorporation in those countries, can now conveniently break frontiers and reach a lot more prospective subscribers- which means more business, and consequently more profits.
The advantage in this for sports punters is that it provides multiple choices to choose from- thus they can optimize best odds, low tax rates, and numerous betting options, instant payment, and withdrawal, amongst other advantages. Also, since the platform works on a blockchain ledger, information and records are visible to everyone on the network, and hence immutable- facilitating increased transparency from all the punting community members, as well as from all the individual betting service providers, that have an operation franchise with the Betlycoin company.
Additional useful features of the platform
In addition to all of the exciting features of Betlycoin in its overall operational principles, one of the other traits that would see to it that the Betlycoin is largely adopted, is the fact that the Betlycoin platform would have its office locations situated in countries all over the world, hence creating a chance for a much more superb user support. Thus users questions can be answered almost instantly, while issues and clarifications can be more effectively handled with higher chances of getting them resolved. This is definitely one trait that although necessary, is not common amongst existing blockchain protocol projects that may offer some similar functions to this one.
Another place of importance is the fact that considering the modus operandi of Betlycoin, all revenues that used to fall out of the gambling and betting sector, in form of tax, and huge license renewal fees, would be more effectively harnessed to remain in the industry. Thus, increasing yearly turnover amounts, and the financial value of the industry.
Asides the fact that Betlycoin has its features, it would also incorporate all the other characteristics of the blockchain technology in general, so that users can enjoy the benefits of this innovation, to the fullest.
