Bitcoin Sport - ew multifunctional investment platform. Bank, Sports Betting, Forex Market.
Hi Steemit. I have a unique project for you. The project runs an ICO and if you like it you can join it. The project is very unique of its kind and captures a huge scope of investment. According to this project and attracted my attention. It is multifunctional which makes the project very interesting. The project is called Bitcoin Sport. Let's look at the project.
Special idea
Before we begin to review the project Bitcoin Sport would like to highlight a few basic ideas of the project that are very important for understanding this project.
- The unification of the world trading platform Forex and cryptocurrency.
- Creating a bank of digital currencies and creating a classic banking service.
2.1 Getting microloans
2.2 Receipt of dividends
2.3 Issue of Bitcoin Sport debit cards - Creating a betting platform for sports betting.
- The launch of a convenient Bitcoin Sports mobile application for managing your assets.
As we see friends, project ideas are global. They are aimed at a huge financial services sector. I have not yet met until today projects that would combine cryptocurrency and Forex platform. For those who do not know what this financial instrument is, I will provide you with some information from the Wiki.
Forex (Forex, sometimes FX, from English Foreign Exchange - “foreign exchange”) - the market of interbank currency exchange at free prices (quotation is formed without restrictions or fixed values). The combination "Forex market" (English Forex market, FX-market) is often used.
In the English-speaking environment, the word “Forex” can mean not only the mutual exchange of currency but also the entire set of currency transactions [1], as well as foreign currencies as such. In Russian, the term Forex is usually used in a narrower sense - it implies exclusively speculative currency trading through commercial banks or dealing centers, which is conducted using leverage, that is, marginal currency trading (see the section "Currency Market Participants"). At the same time, the terms “international forex” and “international forex market” are a tautology, due to the fact that “foreign exchange” initially means operations with foreign currency.
Operations on the forex market by purpose can be trading, speculative, hedging and regulating (currency interventions of central banks).
I also want to mention the idea of a cryptocurrency bookmaker. Many people make sports bets. There are a lot of bookmakers now. However, we know that there are too many scammers. Bitcoin Sport will allow you to make bets. Using cryptocurrency. Securely protecting us from scammers. In this case, we will be able to make bets around the world is very convenient.
As you drive, the Bitcoin Sports platform is a lot of functional and carries with it a great potential for investing in this project. Reaching each key point of the roadmap it will significantly increase the price of this project.
We all know that most projects do not fulfill their conditions and do not follow the roadmap, which leads to a low cost of coins. However, this project already has live results.
To begin with, I saw from the project documents that the course of the coin itself would be attached to the market leaders. I can not say which way this is achieved (perhaps the gold fund, the presence of a large number of cryptocurrencies in the project). Now the developers have chosen such BTC, ETH, Waves and USD coins - in order to give Bitcoin Sport a financial basis.
The project has long been traded on the DEX exchange. And I would like to give you this information. Thus, showing the possible growth of this coin and the living component of such a large-scale cryptocurrency project.
The project was launched on the DEX exchange on January 18, 2018, with a starting price of $ 0.0105. Now the price of this coin is $ 0.175. This is very important because it shows that the project can reach heights and it is in demand.
The dynamics of the course Bitcoin Sport.
Bitcoin Sport
A unique project built on the Waves Blockchain. Integration with the Forex market, the creation of a betting company, a cryptocurrency bank, the creation of its own exchanger, and a convenient multi wallet for all types of cryptocurrencies are included. The project is interesting multi-functionality. It opens a great opportunity to invest cryptocurrency in exchange-traded assets.
Combining all assets under a single system greatly simplifies work in a cryptocurrency environment in my opinion. Now we can use cryptocurrency as a financial instrument by investing it in living assets. I also liked the banking tools, let's proceed to the consideration of all options of the project.
Wallet and cryptocurrency exchanger
The Bitcoin Sports project creates a unique cryptocurrency environment. Therefore, the project should have its own wallet for the implementation of the tasks. The project is developing such a wallet. The main task of which is to store hundreds of cryptocurrencies. This will give all users a convenient tool, they will have the opportunity to invest any cryptocurrency in any exchange assets.
From this picture, you can see the main purpose of the wallet.
Also in the project documents, I found information that the project will have its own exchange office in the platform inside. Having a wallet with a large number of assets, such an exchange is of great interest. I also want to note the possibility of committing P2P transactions. There is little information about this part of the project. However, the exchange itself and P2P exchange is a very good solution for a multifunctional project.
Banking services
I did not find a clear picture of banking services. Therefore, I decided to combine partial information from the project documents. The project will be loans, dividends plans to issue a debit card and a mobile bank.
Credits
The documents have descriptions of this function of the Bitcoin Sports platform, I would like to talk a little about it. Each user can take a loan on the platform for their needs. Without pledge promises, the user will immediately receive cryptocurrency. The user undertakes to repay the cryptocurrency loan within the specified time. B2P loans secured by cryptocurrency.
The project will use a similar model with Forex credit “Leverage”*
Information about "Leverage" Wiki
Financial leverage (leverage of financial leverage, credit leverage, leverage, financial leverage) is the ratio of borrowed capital to equity (in other words, the ratio between borrowed and own capital). Also, the financial leverage or financial leverage effect refers to the effect of using borrowed funds in order to increase the size of operations and profits without having enough capital for this. The size of the ratio of borrowed capital to its own characterizes the degree of risk, financial stability.
Financial leverage can arise only if a trader uses borrowed funds. The cost of borrowed capital is usually less than the extra profit it provides. This additional profit is summed up with the return on equity, which makes it possible to increase its profitability.
On the commodity, stock and currency markets, the concept of financial leverage is transformed into margin requirements - the percentage of funds that a trader must have on his balance sheet to conclude a transaction to the total value of the transaction to be concluded. Usually, a commodity market requires security of at least 50% of the total amount of the transaction, that is, to conclude a contract for $ 200, the trader must have at least 100 dollars. In the market of derivative financial instruments or currency exchange, the conclusion of, for example, a futures contract requires you to make a guarantee in the amount of 2 to 15 percent of the contract value, that is, to conclude a contract for $ 200 it is sufficient to actually have from 4 to 30 dollars.
In margin trading, the leverage of financial leverage is often recorded as a proportion, which shows the ratio of the collateral amount to the size of a possible contract. For example, margin requirements of 20% correspond to a shoulder of 1: 5 (one to five), and margin requirements of 1% correspond to a shoulder of 1: 100 (one to one hundred). In this case, it is said that a merchant can conclude a contract 5 (or 100) times larger than the size of his security deposit.
Dividends
I want to note that the project began paying dividends to all investors from October 2018. In order to receive dividends from Bitcoin Sport, your investment must be at least 5000 project tokens. At the current rate of Bitcoin Sport 5000x $ 0.175 = $ 875. After that, you will receive a monthly dividend in the form of a token Bitcoin Sport.
Debit cards
A very strong solution for the project is the scale. I want to note that the presence of a debit card is the perfect solution. Anywhere in the world, we will be able to pay with a cryptocurrency. And since we have a multi wallet, this makes Bitcoin Sport a unique project.
Protection
Protection is an important part of any cryptocurrency project such is the level. Therefore, I decided not to carry my comments and provide this information in full from the Bitcoin Sport project documents.
• Encrypted SSL connection via HTTPS protocol.
• A system of signatures of all requests to protect against session
interception via public Internet connections will protect users from hacker
attempts to gain access to any data, let alone commit unauthorized actions.
• Two-factor authentication during entry and transaction creation will
maintain a high level of security even if part of the registration data is
compromised.
• Trusted IP addresses from which financial transactions can be made will
allow the use of the service to be tied to specific safe locations.
• A detailed accounting system for financial transactions at each stage of
their execution will allow detecting unauthorized access and operations in
time, which, with the above-mentioned protective technologies, is only
possible if the attacker has physically accessed a huge number of devices
and data, which is relatively real only if the user is deceived by an
extremely close person.
As we see the protection of the project is at a high level.
Waves & Ethereum
The project is now based on blockchain waves. Developers in the near future also plan to use the Ethereum blockchain for their platforms. They also lead the development of their own Blockchain chain.
Conclusion
The project is very interesting. There are many unique solutions. Perhaps we will see a project next to Bitcoin in 5 years. If the project fulfills all that is planned, it will be the best financial instrument at the moment. Thank you for your attention to see you soon.
Links
Сайт: https://bitcoin-sport.org
Whitepaper: https://vk.com/doc2464324_480478004
Bounty BTT: https://bitcointalk.org/index.php?topic=5061489.0
ANN: https://bitcointalk.org/index.php?topic=5038633.0
VK: https://vk.com/bsporteng
Twitter: https://twitter.com/cred_fin
Facebook: https://www.facebook.com/BitcoinSport24/
Telegram: https://t.me/BSportENG
Autor
Bitcointalk Username: anatolij.shishkin
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2280356
ETH 0xae291938EcF7887cbD6edAa42Dec3d9abC9dEa94
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The project is interesting. Let's see if the team will be able to realize everything that was planned.
Yes, the project has ambitious plans. If they can realize their coin will be valued very highly.
Hi! @carbodexkim
I read your article and was impressed. How many ideas are in this project. He is global. Thanks for the detailed analysis of the project I really liked.
Yes, the project is very interesting. Of course it is difficult to implement all the ideas of the project. Say debit cards. Now there are problems with this as far as I know.
Good day.
I supported your work. Very interesting material. Creating your own blockchain for such a large platform would be a great solution.
Among the large number of politek it stands out. First, blockchain Waves became fashionable. I understand why the price of this coin so quickly began to grow.
Interesting project, right now I am trying to learn a lot about this, thanks
If I can help than contact us. I published this material in several languages. I also tried to highlight key features of the project.
Great article!
Hi @carbodexkim
I like the fact that you're doing so much to bring interesting projects into public "view".
I wonder if this project will do well. They are aiming large market and probably competition doesnt exist yet. But at the same time launching any ICO right now is almost like a suicide.
Don't you think do?
Would you happen to know how many tokens are already available on DEX?
ps. Consider making your reviews shorter. If you cannot read it in 5min then it's most likely not going to hold attention. If reading is taking over 10min, then you will lose majority of your readers.
Yours
Piotr
Hi @crypto.piotr
ForkDelta Bitcoin SPort
https://forkdelta.app/#!/trade/0x9c5ae761cb87e2e553b55867437b1e5daca32a5f-ETH
Yes, I understand you long articles are difficult to read. It is almost like document analysis. But how you see the project is too big. Lots of details. Here is the project SUQA Brief description gave a high growth.
Very interesting rewiew. Thank you.