[ANN] [TGE] Betmatch - An Innovative Decentralized Betting Service

[Betmatch]

do you freeze tokens??

The XBM Strategic Reserve will be frozen for a period of not less than 1 year or when the platform reaches 1 000 000 players, whichever comes first. Betmatch may choose to buy XBM tokens from the market and place them in the reserve at their discretion. In some extraordinary cases, Betmatch may temporarily release XBM tokens from the Strategic Reserve for additional liquidity to accommodate for special sporting events around the world.

The token allocation for the founders and the management team will be vested for a period of not less than 1 year.

[Cezel619]

Why do you need a social betting system?

[Betmatch]

Why do you need a social betting system?

Betmatch’s purpose is to create a comfortable and safe environment for our players to place a bet and to connect to each other. And a social betting system seems to be a very helpful tool to achieve this goal.

[c_russo]

Everything sounds really easy, but I still badly understand how can I make a profit from lending tokens?

[Betmatch]

Everything sounds really easy, but I still badly understand how can I make a profit from lending tokens?

Here's an example of how lending tokens to other users works:

A token holder has tokens which grant him a commission-free betting limit of up to $100,000 per month, but he does not use this limit. He is free to lend his betting limit to other players who may be interested in saving on the house commission fees of 5%. So he can charge other users less than 5% to use his betting limit. If he charges 1%, then the token holder would earn $1,000 from other customers who used his limit. Even though the token holder has not personally made a single bet, he has attracted other customers to bet on the platform using his tokens and has earned money for doing so.

[Kyle93]

hey, do you have any rivals?

[Betmatch]

hey, do you have any rivals?

We have explored the startups in prediction markets and traditional betting houses and have found only one trusted, decentralized, and operating project - Augur, which is currently operating on the main Ethereum network.

Other projects, like Bethereum, FansUnite, FunFair, are primarily focused on betting traditionally and are working on some similar business models. But they contain critical problems, such as liquidity (market making) and user acquisition.

None of those projects have the solutions to the mentioned issues, significant market share, or market influence at the moment. And in our opinion, to create a successful project means to combine trustless blockchain processes, ordinary non-blockchain services and a self-scaling social system that allows low-cost user acquisition.

[Tygrabandis2]

tell me another one.....which currency do u accept ??
eth??

[Betmatch]

tell me another one.....which currency do u accept ??
eth??

You’ll be able to purchase XBM tokens with ETH and BTC.
BTC will be accepted according to ETH/BTC exchange rate.

[Cezel619]

Greetings! What can you tell me about smart contract on your project?

[Betmatch]

Greetings! What can you tell me about smart contract on your project?

Hello! Funds, bet execution, and payouts are handled automatically through smart contracts. The betting house or external third party cannot influence these processes. We deem smart contracts to be an excellent solution for transparent betting process.

[Iasia98]

hey, how can i save up on house commissions, or it depends on how active i'm

[Betmatch]

hey, how can i save up on house commissions, or it depends on how active i'm

Betting commissions and wallet withdrawal fees will serve as our sources of income. But note, please, that personal token holding will allow you to bet without any house commissions. It means that if you bet and win in the end, you get not only the winning amount according to the coefficient with which you placed the bet, but also all house commissions from this bet

[Morlurn46]

What profit I'll make from lending tokens to other users?

[Betmatch]

What profit I'll make from lending tokens to other users?

Here's an example of how lending tokens to other users works:

A token holder has tokens which grant him a commission-free betting limit of up to $100,000 per month, but he does not use this limit. He is free to lend his betting limit to other players who may be interested in saving on the house commission fees of 5%. So he can charge other users less than 5% to use his betting limit. If he charges 1%, then the token holder would earn $1,000 from other customers who used his limit. Even though the token holder has not personally made a single bet, he has attracted other customers to bet on the platform using his tokens and has earned money for doing so.

[Kimi_Koss]

You say "no worries about payouts", do transactions pass automatically?

[Betmatch]

You say "no worries about payouts", do transactions pass automatically?

That's correct! The usage of smart contracts increase the efficiency and transparency of transactions. In this case, the token is used for mutual settlements. Thanks to it, the replenishment of the account and the withdrawal of funds are carried out immediately.

[Betmatch]

This week we dedicated our time and effort to further promotion of Betmatch brand and revolutionary way of betting it offers using cryptocurrency. Our chief business development officer Paul Litviakov had an opportunity to speak about Betmatch project on Chris Voss Show – an influential podcast that covers a broad spectrum of the latest groundbreaking technology.

We are also happy to announce that one more professional advisor filled up the ranks of Betmatch team. His name is Markus Huber; he is a serial entrepreneur with more than twenty years of business experience.

Besides, we worked on update of the documentation concerning the performance of Betmatch platform. Don’t forget to check the new version of Betmatch documentation on our official website to be aware of the latest amendments.

Interested in more? Check our weekly report: https://bit.ly/2PhZ6kk

[Betmatch]

[Betmatch]

Can you tell me more about your advantages?

Betmatch has such benefits:

1. We're the world’s first decentralized betting platform that combines the classic business model, executed in trustless paradigm using blockchain technology and the social betting network as the second (community) layer.

2. The proposed technical and business solution provides customers with an original service of house trustless betting, using cryptocurrencies. Deposit, bet execution and withdrawal processes are executed with the help of blockchain network services (direct crypto payments, smart contracts) and cannot be affected by third parties.

3. The critical invention of Betmatch is an innovative social betting system, that serves players, analysts and Betmatch itself. For players, this model gives the opportunity to significantly reduce betting commissions in comparison with traditional betting houses as well as to use proven trust-based social betting service. For analysts, it is a unique opportunity to direct and trust less monetization of their skills, influence or subscription base.

4. Betmatch is focusing on creating not just a private business, but a community-driven system. The business model includes a significant (up to 50%) automated and trustless profit share as a reward of social activity (not of direct token staking!), that brings value in the ecosystem.