The financial system is the most relatively powerful industry in the world, the basis of world capital, and with its leaders today can be considered the masters of the planet earth.
The global financial system passes through itself huge sums of hundreds of billions of dollars, serves billions of people all over the globe and supports a global economy with a total value of over 75 trillion dollars. Quite unfortunately, it is built on debt obligations, of which there is often no real security value to talk about or write down.
Antithetically to well-known ideas, banks do not give out loans to clients, using deposits and balances on accounts of other thriftier clients. However, banks “print” money when issuing loans: each time a bank provides a loan on a loan, it issues new money. And even government governments take their debts from central banks of their own and foreign countries, issuing government securities. The financial system of our world is built on the debt that needs to be serviced. And money based on debt implies the payment of interest paid by billions of people, millions of companies and all countries of the world.
At the same time, physical money — coins and banknotes — make up only about 2–3% of the money supply, and the rest of the money is electronic money in bank accounts, just the figures entered into the cells of the databases.
The modern true nature of money is controversial today.
Bitcoin Sport is a decentralized developing project that is being created, promoted and improved thanks to a team of leading programmers and Internet entrepreneurs, investors and blockchain supporters.
Bitcoin Sport is the first project that combines a Forex trading platform and a digital currency bank that combines the working functional volume of a classic Forex trading platform, investment banking service, gaming service and digital platform with cryptocurrency support.
The project team sees its mission in the further development of the cryptocurrency market and its integration with the classical market in order to increase the reliability of financial operations of any level and help people solve problems related to some of the unpleasant features of the modern economy, such as inflation, the relative complexity of small investors to enter markets, etc. It is for this that we have created our multifunctional platform as efficient and convenient as possible, and also strive to make it massive.
Bitcoin Sport is a decentralized public cryptocurrency project based on blockchain technology — a token coin with an instant money transfer system and multi-currency, Waves crypto wallet based on the Waves-Platform, supported by the BS Cryptocurrency Fund and the Internet Investment Fund, which additionally provides liquidity, advertising support for the project and ultimately coin value growth.
The Bitcoin Sport venture accompanies a future stage and an advanced money bank that consolidates the advantages or vantage of an exemplary save money with the assistance of brokers, players of a cryptographic money showcase, and an astounding method for putting resources into the computerized cash advertise.
Bitcoin Sport (BSport) is a cryptographic money stage being made and a different computerized cash. Presently the expense of a Bitcoin Sport (BSport) coin is pegged to a few well known digital currencies (BTC, ETH, Waves and USD) with a conceivable development of the rundown later on.
Bitcoin sport are trying to ensure that Bitcoin Sport is fast, easy, secure, profitable for investors and flexible for millions of users. An important competitive advantage of Bitcoin Sport is that it combines confidentiality with regulation, which our investors have already highly appreciated, as this provides greater financial attractiveness of the project.
The goal of the project is to create a crypto exchange market in the social network Vkontakte and a trading platform combined with a cryptocurrency wallet for several cryptocurrencies, where various crypto assets and title signs of the leading exchange assets (oil, gas, gold, shares of the largest companies) will be available for trading – analogue forex, game and exchange services on the blockchain. In the system it is planned to envisage the possibilities of sports betting on the blockchain, where they will be able to play sports betting.
Bitcoin Sport platform can provide:
- Secure storage of several dozen digital currencies
- Savings deposits
- Internal exchange service of the company
- B2P loans secured by cryptocurrency
- Exchange operations P2P
- Service of institutional investors and ICO-projects.
- Bitcoin Sport DEX — decentralized digital asset exchange
- Trading platform
- Mobile Bank — an application for iOS and Android
- iOS, Android application for digital asset exchange
- Game service
- Issue token service
Advantages of Cryptocurrency – Bitcoin Sport
In traditional business dealings, brokers, agents, and legal representatives can add significant complication and expense to what should otherwise be a straightforward transaction. There’s paperwork, brokerage fees, commissions, and any number of other special conditions which may apply.
One of the advantages of cryptocurrency transactions is that they are one-to-one affairs, taking place on a peer-to-peer networking structure that makes “cutting out the middle man” a standard practice. This leads to greater clarity in establishing audit trails, less confusion over who should pay what to whom, and greater accountability, in that the two parties involved in a transaction each know who they are.
- Asset Transfers
One financial analyst describes the cryptocurrency blockchain as resembling a “large property rights database,” which can on one level be used to execute and enforce two-party contracts on commodities like automobiles or real estate. But the blockchain cryptocurrency ecosystem may also be used to facilitate specialist modes of transfer.
For example, cryptocurrency contracts can be designed to add third party approvals, make reference to external facts, or be completed at a specified date or time in the future. And since you as the cryptocurrency holder have exclusive governance of your account, this minimizes the time and expense involved in making asset transfers.
- More Confidential Transactions
Under cash/credit systems, your entire transaction history may become a reference document for the bank or credit agency involved, each time you make a transaction. At the simplest level, this might involve a check on your account balances, to ensure that sufficient funds are available. For more complex or business-critical transactions, a more thorough examination of your financial history might be required.
Another one of the great advantages of cryptocurrency is that each transaction you make is a unique exchange between two parties, the terms of which may be negotiated and agreed in each case. What’s more, the exchange of information is done on a “push” basis, whereby you can transmit exactly what you wish to send to the recipient — and nothing besides that.
This guards the privacy of your financial history and protects you from the threat of account or identity theft which is greater under the traditional system, where your information may be exposed at any point in the transaction chain.
- Transaction Fees
You’ve no doubt read your monthly account statements from the bank or credit card Company, and balked at the level of fees imposed for writing checks, transferring funds, or breathing in the general direction of the finance houses involved. Transaction fees can take a significant bite out of your assets — especially if you’re performing a lot of transactions in a month.
Since the data miners (remote and separate computer systems) that do the number crunching which generates Bitcoin and other cryptocurrencies receive their compensation from the cryptocurrency network involved, transaction fees usually don’t apply.
There may be some external fees involved if you engage the services of a third-party management service to maintain your cryptocurrency wallet, but another one of the advantages of cryptocurrency is that they are still likely to be much less than the transaction charges incurred by traditional financial systems.
- Greater Access to Credit
Digital data transfer and the internet are the media facilitating the exchange in cryptocurrencies. So these services are potentially available to anyone who has a viable data connection, some knowledge of the cryptocurrency networks on offer, and ready access to their relevant websites and portals.
It’s estimated that there are currently 2.2 billion individuals across the world who have access to the Internet or mobile phones, but don’t currently have access to traditional systems of banking or exchange. The cryptocurrency ecosystem holds the potential to make asset transfer and transaction processing available to this vast market of willing consumers — once the required infrastructure (digital and regulatory) is put in place.
- Easier International Trade
Though largely unrecognized as legal tender on national levels at present, cryptocurrencies by their very nature are not subject to the exchange rates, interest rates, transactions charges, or other levies imposed by a specific
And using the peer-to-peer mechanism of the blockchain technology, cross-border transfers and transactions may be conducted without complications over currency exchange fluctuations, and the like.
- Individual Ownership
In a traditional banking or credit card system, you effectively turn stewardship of your funds over to a third party that can exercise the power of life or death over your assets. Accounts may be closed without notice for infringements of a financial institution’s Terms of Service – requiring you as the account holder to jump through hoops in order to get yourself back into the system.
Perhaps the greatest of all advantages of cryptocurrency is that unless you’ve delegated management of your wallet over to a third party service, you are the sole owner of the corresponding private and public encryption keys that make up your cryptocurrency network identity or address.
- Opening a wallet
Instructions for using the wallet: https://support.wavesplatform.com/?lang=en
Bitcoin Sport ID on the DEX exchange (the third tab on https://waveswallet.io/ or https://client.wavesplatform.com/ ) – 7ogZiMyzWcAdPPk8QTcLRaxPUDaUADiiLXEGcJjFu9qf (insert instead of any other currency). It is traded to Waves, Bitcoin, USD, Waves.
The project token was created on the basis of WavesPlatform, but in the future we plan to partially switch to the Ethereum platform and create a separate blockchain
- Total limit of 21 million coins (the circulation is similar to the original bitcoin)
Additional issue of coins is impossible, which distinguishes it from the monetary units that are subject to inflation.
- Number of decimal places – 8
- Date of creation – 01/16/2018
- Date of access to the decentralized exchange DEX – 01/19/2018
- Transaction time – max 15-30 seconds
- The transaction price between purses – 0.001 Waves (less than $ 0.01) – is tied only to quotations of waves.
- The price of placing an order to buy or sell a coin on a decentralized exchange DEX – 0.003 Waves (less than $ 0.03)
For more information, please visit:
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