Betmatch is a blockchain solution for bookmakers by RevelDevelopment. Betmatch ICO rating – 78
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PRE ICO Dates : 01/10/18 – 30/12/18
Roadmap: 8/10 Legal: 3/5 ICO terms: 3/5
Team: 15/20 Token applying: 4/5 Promotion: 15/20
2 003 773
Rank in IN – 279569, Rank in RU – 804821
About Betmatch ICO (token sale)
Betmatch ICO creates a blockchain solution for bookmakers that allows players to bet (against each other, as well as the betting service itself, which is a supplier of liquidity to the betting market within the system) using cryptocurrency, with a trustless system of client funds storage, betting calculation and execution of payments. The house also has a second layer, which is designed to self-organize a community of people interested in sports and bets on events (forecasters, influencers, athletes, analysts, information consumers and players) with a special motivation system.
The Betmatch ICO project is aimed at building a blockchain solution for bookmakers that primarily allows players to bet against each other and the house using cryptocurrencies with trustworthy customer fund storage, bet execution, and payouts. The second layer of the system deals with a social betting network and a unique motivation system.
The project is composed of multiple modules that work together to create a trustworthy betting house:
1. Fund storage contracts;
2. Bet execution contracts;
3. Betting line-providing modules and a system for coefficient calculation;
4. Frontend UI/UX;
5. Backend related to web and application support.
Blockchain as an Integral Technology for Betmatch
Since ICOs and related token issue activities have become mainstream, many startup companies have decided to integrate blockchain into their services to reach a more speculative value and attract additional money to their business. It is quite clear that the majority of these projects only make their core business more complicated and expensive. In designing Betmatch’s business architecture, we carefully studied the advantages of applying this emerging technology to the betting process.
The primary areas where real value is added in betting through blockchain technology integration are:
Cryptocurrency payments solve many of the issues related to fiat money transfers in the modern world for both the player and the betting provider.
Trustworthy Bet Execution and Payouts
Trust has real value, and in the betting industry, it is even more critical. Guaranteed by computer code, fast and easy payouts for wins are necessary and desired by every customer.
Social System Establishment
A majority of B2C models currently focus on building an active community around the brand and their main business models. Trust is the first key to community building and the overall transparency provided by blockchain gives the unique opportunity to create a modern social system around the business. In betting, the social system is connected with who, when, how, bets placed, and results.
XBM Token as a Unit for Forming a Social System
Within Betmatch, a system has been designed that primarily focuses on XBM token holders as well as on content providers who have information related to the betting world (forecasts, analysis, involvement in the sport world in some way, or others), each of who produces valuable content.
The token allows players to receive a discount on all system commissions on bets, including the opportunity to have completely commission-free bets within a certain limit. The token is used in a staking mode and is, therefore, frozen in account balances during the active period of use. The system as a whole is referred to as a staking discount token model.