Betform - Smart Contract Powered Social Betting Platform
Betform is a ‘Smart Contract' powered social betting platform conceptualized with a vision to build a decentralized ecosystem for holding assets on the gaming blockchain not only for professional players, but also for individual players who would like to take it in a more social way and/or for fun.
The Betform project is conceptualized and launched by "Men @ Workz Pte. Ltd. (“M@W”)", an entity incorporated and registered in Singapore with UEN # 201610590K.
The Betform project' key target is the "Online Gambling Market", which is expected to grow at a CAGR of more than 9% by 2020. It will solve the key shortcomings associated with the current online cryptocurrency gambling market, such as: -
High Commission Charges - Online casinos charge high transaction fees ranging from 5 - 15% for enabling the gameplay.
Rigging - Though online casinos assign a random number to players by creating a combination of casino and client (player) numbers, there are some loopholes in the fairness check such as: -
2.1 - The casino operators can easily influence the player’s seed by assigning it themselves
2.2 - The player has entered the seed once and is not changing it. The casino operator identifies it and use this information to adjust their own seed
2.3 - The casino operator delays creating their own seed and provide it to the ‘blender’, once the visitor has sent theirs. Then the casino operator can adjust their own seed to the player’s
ICO REVIEWS
The Betform project has received good ratings from reputed ICO tracking websites.
https://base.info/ico/betformcoin [Rating 4.8/5]
https://www.trackico.io/ico/betform/ [Rating 4.6/5] [ICO Verified]
https://icobench.com/ico/betform [Rating 4.5/5]
SOCIAL MEDIA STATS [As of 12th Nov '18]
Telegram - around 14,000 users
Twitter - around 750 followers
ICO DETAILS
Betform Coin (BFC) will be the utility token used on the Betform ecosystem. The Betform platform will be hosted on the Ethereum Blockchain Network. All gaming activities on the Betform platform will use BFC tokens.
- Symbol - BFC
- No. of Tokens Available for Sale - 201.36 million BFC (83.9% of the total token supply of 240 million BFC)
- Hard Cap -$ 9.6 million
- Payment Method - ETH
- Token Standard - ERC-20
- Token Launch Price - 1 BFC = 0.10 USD
- KYC Required - Yes
- Restricted Countries - Singapore, USA
The supply of BFC tokens is fixed at 240 million tokens.
Pre Sale Phase
Start Date - 1st Oct '18 ||| End Date - 31st Oct '18
Token Supply - 105.25 million
ICO Stage
Start Date - 8th Jan '19 ||| End Date - 31st Jan '19
Token Supply - 96 million
Special Bonus Schedule
First 24 hours : + 20%
Day 2 and Day 3: + 10%
Day 4 to Day 7: + 5%
Day 8 to Day 14: + 2.5%
Further, BFC tokens, can be used as utility token on the Betform platform serving the following functions: -
In-App Token - All transactions on the Betform platform will be carried out using BFC tokens
Value Holding - Investors can hold on to BFC tokens, as its price is going to increase as the Betform project will acquire more players and partners, thereby raising project's acceptability in the market leading to widespread BFC token adoption
Global Betting Token - The ultimate goal of the Betform project is to become global leader in the betting industry while making BFC token as the only globally accepted token for betting
Game and App Developers - By integrating 3rd party apps and games with the Betform ecosystem, app-developers will benefit from reaching a global audience while earning commissions through the Betform platform
White-Label Customers - Companies - Companies and gaming operators will be able to add their multi-players games to the Betform platform
BETFORM TEAM
The Betform project is conceptualized by a team of experts possessing wide range of professional experience in the fields of blockchain technology, online casino and social betting, gaming design and development, digital and social media marketing, brand management and marketing, product development, business development and corporate marketing, information technology management and software development, legal, etc.
The Betform project is primarily led by Edward Yeoh (CEO and Co-founder) and JW Lai (Co-founder). The co-founders hold 25 years of cumulative experience in the fields of finance, accounting and branding (marketing).
Betform's co-founder Edward also has experience in IPO management and dealing in corporate exercises such as reverse takeover, etc.
For more information on the Betform team, please refer the following project website link: -
https://betformcoin.io/#team
PROJECT ROADMAP
https://www.betformcoin.io/roadmap.php
CONCLUSION
Thus, the Betform project is one of the most conceptualized projects which is designed to revolutionize the online gambling market by working on the existing shortcomings, while making the process more transparent by building a truly decentralized social betting platform operating on the Ethereum blockchain network and regulated by smart contract system.
For more information on the Betform project, please refer the following links: -
*Token Website: https://www.betformcoin.io
*Website: https://betform.io/index.php
*White paper: https://betformcoin.io/whitepapers/Betform-White paper 2018_03 English.pdf
*One Paper: https://www.betformcoin.io/onepager.pdf
*Twitter: https://twitter.com/Betform2
*Facebook: https://www.facebook.com/betform.io/
*Telegram: https://t.me/BetformOfficial
*Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=5032072.0
*Reddit: https://www.reddit.com/r/Betform/
*Medium: https://medium.com/betform
Published by 'Sameer S'
BTalk Profile URL: - https://bitcointalk.org/index.php?action=profile;u=1978491
Telegram ID: - @Sameer_GR
Disclaimer: - Kindly conduct your due diligence before making your decision on this project from the investment and legal perspective.