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
