Betform

Smart Contract Powered Social Betting Platform

Missions

Betform mission is to establish ourselves as a top decentralized social betting platform that offer players wide range of multiplayers blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem. We are able to do this by connecting blockchains, leveraging on the smart contracts, and payment channels, which works in a completely secure, instantaneous and low-cost manner.

Legalized Sports Betting

It is already a thriving industry. The betting industry has blossomed regardless of its legality. Illegal sports betting is a multi-billion-dollar industry (some estimates are as high as $150 billion); anyone who wants to place a bet can do so easily online or through local office pools and offshore books. Now, after the Supreme Court decision, states will be more inclined to consider or pass legislation to legalize sports betting, thus allowing people to continue betting but in a regulated and fairer environment. It will also prevent them from dealing with questionable bookies. Moreover, addicts will have fewer stigmas, which may make it easier for them to seek help.

It`s the economy, stupid. Sports betting is good for the economy. Legalizing sports betting will obviously create huge state tax revenues. More importantly, it has the potential to create jobs (estimated between 125,000-152,000 jobs) for the American people. Researchers estimate that legalized, regulated sports betting could actually bring in a total of $6 billion in annual revenue for states by 2023. Moreover, it has potential to bring huge money into the United States and keep it there. Currently, most of the betting takes place online. It is more than likely that legalizing sports betting in America will trigger American telecommunications and tech companies to take over the international market.

This is what supports Betform to be present in the midst of society as a social and fair betting platform. Betform is a decentralized social betting platform that brings funs, privacy, and safety for funds to players. Our key operations are regulated by smart contracts.

Betform Features

Provably fair gaming

Betform uses a transparent way of generating the outcomes of its games. Our PRNG is tested and certified by a reputable test lab. Players can anytime access and verify all the card games history.

Fun and social

Unlike other online casinos, you are able to join your friends, invite your friends or even joining a table to make new friends when you play in our platform.

Transparency and security

Betform employs the state of the art technology to provide its users highly secure and efficient environment to play their favorite games. The operations are powered by smart contracts. Smart contracts would immediately pay out the winnings after each round of game ended.

Regulated

Our platform operation is regulated by licensing jurisdiction.

ERC 20 token compliant wallet app

After the ITS, we will develop the Betform wallet which would allow players to easily obtain the Betform Coin, the App will be interlinked with third-party exchanges via their APIs.

Unlimited winnings and winners welcome policy

Successful bettors are often limited or banned by traditional and online casinos. Our business model is built on volumes rather than margins, which means we will always welcome winners!

Quarterly jackpot

At the end of every quarter, our smart contracts will allocate 35% of the month’s earnings as bonus for Texas Tournament and Big 2 Top leaders respectively.

Token burning

At the end of every quarter, our smart contracts will automatically burn 5% of the commission charged. This will result in a decrease of the token supply, driving up the value of the Betform Coin.

Token Sale

Token symbol: BFC

Token price: 1 BFC = USD 0.10

Total supply: 240,000,000

Hard cap: USD 9,600,000

Presale: October 2018

Open sale: January 2019

Token distribution

Pre-sale 43.9%

Founders 11%

Open sale 40%

Team 2.5%

Bounty & AirDrops 2.6%

Token sale proceeds allocation

Development & Operations 55%

Marketing 10%

Reserve & Working Captital 10%

Advisors 10%

Legal 15%

Roadmap

Feb ’18

Decision to launch ICO in Singapore by Dec 2018

Mar ’18

Whitepaper concept finalization

Apr ’18

Game Development

• Sourcing of reputable gaming company

Smart Contract

• Start of smart contract development

May ’18

Game Development

• Concept finalization and gameplay planning

Smart Contract

• Development of state channel smart contract

Jun ’18

Game Development

• Gameplay finalization & design planning

Smart Contract

• Development of wallet contract to hold our ERC-20 token

Legal Advisory

• Whitepaper review by legal consultant

Jul ’18

‍Smart Contract

• Development of wallet contract to hold our ERC-20 token

Obtain Legal Opinion

Aug ’18

Game Development

• Alpha version ready

Smart Contract

• Development of crowd sale smart contract

Sept ’18

Game Development

• Beta version of APP ready

• PRNG certification from Testlab

Smart Contract

• Development of gaming smart contracts

Oct ’18

Game Development

• Release candidate for APP version

• Finalization of development of CMS & webs

Incorporation of operation company for gambling license application

ICO pre-sale start 1 October 2018

Nov ’18

Game Development

• Launching of Lite version in Google and iOS store

Smart contract

• Finalisation of gaming smart contract development

Launching of Bounty program

Dec ’18

Smart contract

• All smart contracts are audited

Launching of Airdrops program

Jan ’19

ICO Open sale

Gambling license application

Integration of smart contracts and games

Feb ’19

Application for listing in cryptocurrency exchanges

Mar ’19

Target to obtain gambling license

To release Full version of game after the license approval

Website: https://www.betformcoin.io/

Whitepaper: https://www.betformcoin.io/Betform-White%20paper%202018_03.pdf

Facebook: https://www.facebook.com/betform.io/

Telegram: https://t.me/BetformOfficial

Twitter:https://twitter.com/Betform2

Author: Foto lama

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1957113

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offline 5 months

Foto lama

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Comments: 0Publics: 232Registration: 13-06-2018
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