Emission.
The tokens are issued in the amount of 19,200,000 Si14, contract 0x8b98dF4Dff429E64E9A56fc6Eebe2380c6c3409c. To maintain the stability of the token and taking into account that the value of the token is directly related to the reduction of the commission of the Si14.bet platform, the Si14_ token is sold strictly according to the following formula:
NUP= Itv * ESi14 / ADA = NA = (1.5* 19.200.000)/1250=23.040
here is ESi14 - total token,
NUP is the number of Si14Bet platform users,
Itv - internal token value in USD.
NA - Number of accounts
ADA - Average cost of discounted account
The cost of $1.5 is reasonable as it is competitive and at the moment of launching the platform the company has signed memorandums of cooperation and preliminary registrations for 30,000 users.
At this stage, there is already a deficit of discounted accounts at the moment of launching the platform. This makes the Si14 token in demand by the market and users.
https://si14bet.io/
Earn without attachments or increase your contribution
When you invest in Si14Bet, you are of course interested in its promotion and growth, as it increases your profits. But we have decided to give you an additional incentive.
Like any successful project, interested in its further development, as well as in order to provide everybody with the opportunity of additional earnings, Si14Bet has developed and implemented the Partnership Program. Thanks to this program, you can improve your well-being not only by your investments but also by attracting new partners, which gives you the opportunity to earn Absolutely without any input.
The program provides two levels of referral fee depth and offers the following interest charges:
- You receive 7% of the investment amount of each 1st tier referral;
- You get 3% of the amount of investment of each Tier 2 referral;
A clear/plain example:
Let's say you invited 3 people. And each of them made an investment of $ 10,000. Since these are your personally invited partners, you get 7% of their investment. You get 3 times $700, that's $2,100.
Now if your personally invited partners will do the same as you, they will also invite 3 partners, who will also buy tokens for 10.000$ each. In this case, too, you will be charged a partner fee for each purchase of 3% of their investment amount. You will get this 9 times for 300$, this is 2.700$. And in this way, you get the total remuneration in the amount of 4.800$.
Expand the Si14Bet community, connect new people and get a generous reward. Si14Bet is our common cause and its success will bring financial independence to every member.
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We are often asked a question. Why no one has made an exchange before you and what is unique about our developments.
Let us start with the fact that there are 4 betting exchanges on the market and they all feel great. We have worked with these exchanges and cooperate to this day. The uniqueness of our platform is that we have taken the quintessence of experience and made a convenient product with convenient services for our future users.
Before us, no one has made an exchange, because it always takes a very large team to develop descendant systems. And this team must consist not only of developers. The company must have mathematicians and financial analysts, as well as a large number of specialists in various fields, which will allow the company to be legitimate in the betting market.
Our company entered the market with the existing background in the form of Si14 investment fund - which was engaged in trust management in the stock and currency markets. A well-coordinated team and extensive experience in the financial markets enabled the company to start developing the Si14 Betting Exchange.
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We would like to thank Si14Bet for its letter of recommendation to Swissquote Bank, Switzerland.
Our company always strives to provide a 100% guarantee to our investors. And today, we are the industry leader in a secure investment system for Si14 products. If you have any suggestions for cooperation, we are always happy to answer your questions.
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Absorption or developmentGood day, dear friends!
The Development Department of our company periodically receives requests to purchase a controlling stake in Si14. Usually, these proposals are made by large financial funds or industry gambling leaders.
There is always a question before us. Whether it is worth doing and selling a controlling stake in the company at the stage of its formation or developing the company independently.
We know about company takeovers firsthand. Of course, the attractiveness of opportunities in a company merger is an absolute advantage, especially if the merger takes place with an industry-friendly structure. But based on our experience with mergers, we draw the opposite conclusion. The most important disadvantage is the veiled takeover of a company with a further shift from the market, and the lack of one goal for companies.
We have witnessed the merger of Deutsche Telekom structures and this merger proved extremely ineffective for the following reasons:
-The company's costs may be underestimated
-Lack of job control by staff
-The bureaucratic component
-Cultural barriers to employees
-Lack of a common goal and strategy of the company's development.
And this is only a small part of the difficulties that the company may face in a merger.
If you have experience or have participated in a merger of companies - give your feedback. Your opinion is important to us.
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Si14 Token is an additional discount tool for the Si14Bet platform.
This is an internal accounting unit of the Online Si14 platform based on blockchain technology, which users can exchange for products and services of all services of the company. Thanks to the closed chain of Online Si14 services, customers using Si14 can significantly reduce the costs of their business processes, freeing themselves from various external commissions.
On online Si14Bet platform, there are several scenarios of using an Si14 token. It depends on the service choice. The token Si14 has its own value (utility) regardless of the company's assets. Such a digital instruments are not the Company assets. There are no other scenarios are considered as technically feasible. None of the scenarios of utilizing the token has the signs of securities rights realizing.
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The promise of income.
We must separate strictly two different legal definitions such as and other types of income. Because in the context of securities laws the Expectation of Profits means the Right to profit from the company activities («... from the managerial efforts of others»), and this means - Expectation of Net profit. Because, the «Net profit» is a result of the managerial efforts of others, including, for example, such managerial efforts as paying taxes. The others mean not token buyers. Buyers of the token are entitled to the company profit in the event of a one-time purchase for 20,000 USD. As a rule, this is when the net or gross profit of any company will be directed to the development or capitalization of the business, as well as payments to its investors.
The next important legal matter is the market price of the token does not influence a company's profit and the company profit does not influence the token market price. The current price of the Si14 token depends on a set of indicators, such as:
- the price of the Si14 token directly depends on the success rate of the Si14 Betting Exchange, and, more precisely, from the number of unique users that have visited the application.
- the independent decisions of the utility owners to use them to get discounts on the platform.
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The Si14 token compliance was carried out in accordance with the legislation for securities, exchange and investment activities, off-exchange trade.
It is important to understand that token is used as a tool to reduce the commission of the Si14Bet exchange. When we conducted a detailed decomposition and analysis of all online Si14 business processes, we were unable to detect and identify any process that can be regarded as a relationship between an investor and an Issuer of securities. On the other hand, if we aim to register the issue of securities, we will not be able to prove to the regulator body that tokens are securities.
In our opinion, the expertise of Si14 token under securities legislation cannot be applied to Si14 due to the following:
- all business processes and relationships between platform users are traditional exchange trading relationships at sporting events. There is no contribution to each other business venture.
Nowadays, the matters of cryptocurrency turnover and the production of digital assets have not special legal regulation. There are neither special laws nor separate legal Institutes or branches of law. Therefore, we cannot qualify a token as a «unique legal essence».
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Losses of the industry. Football and the coronovirus.
The coronavirus pandemic has played a huge economic role in European football.
Serie A may lose €800m if the championship does not resume, Swiss Sion is forced to dismiss their players, the players of Borussia Mönchengladbach have voluntarily given up part of their salaries and Juventus forward Paulo Dibala announced a positive coronavirus test.
The salaries of players who earn more than €1.5 million will be cut by 30 percent, the rest - by 15 percent. However, the players themselves spoke out against such measures.
"Manchester United and Manchester City also jointly donated £100,000 to local food banks. The clubs thus supported the initiative of their fans, who raised money during the matches.
Sion players and players from Mönchengladbach Borussia decided to voluntarily give up part of their salaries.
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Fighting for the market.
The market for competition in the betting market is very large. As of today, there are more than 2300 official betting companies. Users of betting companies are constantly wandering in search of better conditions. For the most part, users always come to the betting exchange. For many reasons, players leave the market of bookmakers and use fair markets. They provide an opportunity to hedge risks, use arbitration situations in the market.
The number of bookmakers' exchanges does not compare to the number of bookmakers. Only 4 stock exchanges for sports events are officially represented in the world arena.
The Si14Bet exchange enters the arena under number 5 and plans to strengthen itself on this complex and turbulent market.
Si14Bet uses innovative methods of co-financing the exchange's product, which makes it one of the industry leaders.
Why invest in our company now?
- We have a betting exchange and are now beta-tested.
- Investors do not risk their finances (all investments are hedged).
- The investor becomes a co-founder of our company and participates in the equity distribution of funds.
- Transparent structure of the use of investment funds
What are the investment funds for?
The most important task of Si14Bet bet exchange is to attract new users and create market liquidity. Investment funds are used for marketing purposes. We have a ready-made product, which is being tested and the launch of the platform will be rapid for the betting industry.
If you have any questions about how to invest in our project, our specialists will be happy to answer you.
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Market formation
All participants on the Si14Bet exchange are both players and bookmakers. Players have the opportunity to set their odds on sports events that they produce or accept.
All bets are made exclusively between Si14Bet users.
Every Si14Bet user can be a market maker, i.e. he can set the dynamics and trend of the betting market. These markets will be automatically deployed on the Si14Bet platform, making them available for other betting users.
As a reward, the Si14Bet platform receives a commission of 1% from the users' winnings, which allows the company to become a market leader. Once the sporting event is over, the commission is automatically taken from the user who has won the bet.
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Technologies of Si14Bet platform software development.
Answers to the developing technologies of the Si14Bet exchange.
We will be happy to share our experience with you:
When creating a user cabinet of Si14 exchange we use Laravel - ecosystem. Laravel is the ideal solution for an exchange with the ability to create a safe and reliable project, while always remaining at the peak of technology. Laravel works with the progressive Javascript framework Vue and this allows our company to create an exchange based on this JS-frame.
The core of the exchange Si14 is implemented on GO.
Go is the server language of the future.
Most modern programming languages (such as Java, etc.) support multi-threading. But the real problem is related to simultaneous execution, blocking threads, race condition and interlocking. This makes it difficult to develop a multi-threaded application.
Go is created and maintained by a successful corporation. Google has one of the largest cloud infrastructures in the world, and it continues to grow.
Frontend - developed on React.js. React's strength is that it does not force a developer to use classes. In React, all interface components can be expressed as sets of pure functions.
The most speed-critical parts of the Si14 exchange are made in C++.
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Why will Si14 be an industry leader?
The management of the company has introduced the concept of "point 0". - are Eurobonds purchased by selling Si14 tokens, which have a coupon yield. In turn, Si14Bet has permanent financing for the development of the Exchange. This model has no analogs in the world and is a development of Si14 management.
Our company always has the means for development, staff maintenance, and provision - this makes our company stable in development, as well as in strengthening the industry leaders in the betting Olympus.
The transparency of the structure allows Si14Bet to take a leading position in the betting market. Users who have registered on our platform will stay with our company.
Since Si14Bet is a betting exchange, odds are generated solely from the supply and demand of users (which is comparable to the operation of a stock exchange). This will eliminate the opaque and unfair definition of odds, which is common among traditional bookmakers.
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P2P exchange for sports events or differences from the bookmaker.
Dear friends!
In this article, we would like to tell you about the difference between an exchange for sports betting and a bookmaker company.
Sports betting exchange is first of all bets on events between users. For example, there is a team Manchester United and Liverpool. Let's say user 1 has bet for Liverpool, and another user 2 has bet against Liverpool - these bets will be accepted.
This is the basis of the exchange. As practice shows, the exchange has the fairest and highest coefficients in contrast to the betting companies.
On the contrary, bookmakers coefficients are formed by the bookmaker himself and offer them to his users. The bookmaker cannot offer his coefficient to the user. The lack of flexibility in the bookmaker industry will lead to further outflow of users.
The model of interaction bookmaker - a game against the user.
The interaction model of the exchange is a game between users.
Our betting exchange is always happy to discuss development plans and systems of interaction with our users.
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Problem Overview
Throughout 2009-2019 the online sports betting industry has been characterized by the strong growth and remains a fast-growing and highly liquid market with millions of players.
Since 2009 the online gambling market has doubled and currently has a volume of nearly $60 billion a year. However, despite this growth the bookmaker industry has experienced a decline in confidence and reputation over recent years.
Online sports event betting users and bookmakers have to face several challenges:
Opacity From the user's point of view, the process of determining odds of most bookmakers is completely transparent. It is difficult to understand what information has led to forming the market, and it is almost impossible to establish whether these odds are fair, or how they are laid in favour of bookmakers, because they do not represent players’ aggregated opinions.
For investment, there must always be an investment object.
Why should you become an investor? Investment is a tool for human freedom of action. There are many ways to gain financial independence:
- To start a company.
- Win the lottery
- Get an inheritance, etc.
BUT! This doesn't happen to all people.
In this case, anyone can become an investor.
Not everyone can put on the burden of doing their own business, which involves great risks of bankruptcy.
BUT! Everyone can invest in developing promising companies.
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Trust in a Bookmaker
Nowadays in the sports betting market, anyone who wants to bet online has to pass several verification stages (often there are several consecutive identical verifications. It occurs in case of withdrawing funds from a winning account).
Consequently, players are completely isolated from their funds, which remain in the bookmaker's central deposit. This requires a high degree of trust, which is sometimes used by bookmakers to the disadvantage of their users. On the other hand, this liability leads to high procedural and financial costs
for bookmakers and as a result the incorrect formation of odds in the sports event market and delay of payments to users. The ability not to receive money when requesting a withdrawal via online billing is a real risk that players face.
On all conventional online betting platforms, players have a delay when it comes to withdrawing cash because it takes some days to transfer funds from a bookmaker to their bank accounts.
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The sporting life of the Si14Bet team.
Winning the amateur hockey league. Our company is expanding the boundaries of amateur games and invites you to participate in amateur ice hockey competitions among companies that are present in the industry gambling.
The next amateur tournament will be organized by Si14Bet in Canada, Vancouver, at Griffiths Way 800 (Rogers Arena). The date and time of the event will be announced on 08.08.2020. Stay tuned for our news.
In the photo, DMITRY FEDOTOV is the Chief Financial Officer.
He has experience in creating financial structures such as banking systems, micro-financing systems.
Experience in the investment sector allows closing key negotiations with institutional investors on the purchase of Eurobonds.
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Representative office of Si14 Betting exchange.
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Intermediate registration results.We would like to inform you about the preliminary statistics of preliminary registration in Si14.Bet:
- Africa 2400 users
- England 1900 users
- France 340 users
- Ukraine 3100 users
- Russia 4250 users
Our company regularly receives applications for pre-registration on the platform to get a discount on the platform commission. Hurry up to pre-register on the Si14Bet platform and get up to a 50% discount on the betting exchange commission within 7 months. To apply, please leave your contact details in our mailbox
info@si14.bet.
On the photo MYKHAILO KOTENKO (Chief Marketing Officer)
[moderator's note: consecutive posts merged]
