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Bettium: The Betting Platform Will Operate at Intersection of Big Data and Blockchain

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In the highly sophisticated world of online betting – an industry worth around $50 billion annually – blockchain technology has opened up great scope for improvements in gamers’ experiences online.

With echoes of a forex trading robot, the Bettium seeks to further enhance players’ abilities by approaching the arena with a unique structure. Instead of punters versus bookmakers, the key difference on Bettium is that its players versus players.

Everyone has access to data and expert opinions to be as well informed as it’s possible to be when wagering. The platform will feature an AI assistant (Merlin) that will help users make educated decisions by processing big data and presenting its forecast and suggestions in an understandable form.

Bettium is essentially a decentralized marketplace that allows smart sports bets to be made between individuals. Resident experts and the latest analytical data are both on hand for gamers to adopt more calculated strategies for winning. Both contestants or teams in a wager can access big data, AI and many potent analytical tools to enable player’s decisions. Focusing rather on enabling a different, rich UX, the platform is applying blockchain technology in ways to give users the benefit of a sophisticated analytical approach to placing bets.

Presenting as highly professional and wholly transparent, the company has taken gambling intent a step further than others. At the turn of the century, online gambling exploded, giving any punter access to almost any bookmaker in the world. Now, rather than face gambling professionals, Bettium is enabling players with the kind of data and tools bookmakers use in their own calculations.

Moreover, the company epitomizes the sort of app anticipated from the development of blockchain. Focusing on a fair and equitable platform that can enable all comers equally, Bettium is confidently precocious in its offer, and with enhanced transaction speeds, a tight wallet structure that users employ to enable wagers and reduced costs for players, it is expected that it will be well received.

What Issues will Bettium Resolve?

Although sleek, online gambling is very often simply a transference of a real-world casino into the online arena. Some aspects are improved through the elimination of human croupiers and other physical aspects of the average casino, but the majority of the benefits are for the casino itself. Gamers face the very polished, rapid and hidden technology behind any online casino or bookmaking concern. It is a given that the bookmaker is in it for their own interests. They offer odds and a punter takes them or leaves them, without ever enjoying the trade knowledge and sheer volume of resources a bookmaker will employ to offer the odds in the first place.

Statistics show that the overwhelming majority of gamers are infrequent participants.

Regular versus Irregular Betters. Source: Bettium Whitepaper

By far the majority of people placing bets on sporting events are interlopers, totally incapable of employing the analytical approach of bookies and other gaming houses. In the absence of the breakdown of the barriers between casual and professional members of the industry, the odds are wildly skewed in favor of the bookmakers.

The Bettium Solution

By shifting focus to the camaraderie between peers and building in access to the typically unseen “backend,” all bookmakers employ daily – AI, big data, and complex analytical tools – Bettium is pitting player against player. Both have access to the same resources to place the wager, and unlike employing a bookie or totalizer or any other third party authority to generate those odds, the odds arise from the P2P interaction as the two parties place their bets. Far more communal, transparent and enjoyable for many, the platform increases speed, enables a sophisticated yet elegant ease of use and also reduces costs all round. With modern sports betting being a mixture of science, strategy and new, evolving technology.

The Bettium build also addresses issues of trust, scalability and the omnipresence of the invisible barrier behind which the casino typically wins most hands. Rather than funnel the gaming public through a betting system controlled by a single third party looking to profit more than the players, by building a peer to peer platform, Bettium is enabling a large number of gamers who place sports bets around the world. The developers speak of “unprecedented flexibility and reliability.” and the construct is a subtle but still substantial departure from the norm that should appeal to millions in the community.

ICO Snapshot

  • Token Type: Utility,
  • Platform: ERC-20,
  • Symbol: BETT,
  • Private Sale: June 1-30, 2018,
  • Pre-Sale: July 1-7,
  • Token Sale: July 2018,
  • Token Supply: 1 billion,
  • Soft Cap: $7.5 million,
  • Hard Cap: 30 million,
  • Price: 1 BETT = $0.05,

A total of one billion tokens will be minted. As a cryptosphere startup, acceptable currencies to Bettium for buying in are BTC, ETH, and XEM.

The Bettium team

Bettium’s core team comprises CEO Nathan Hunt, Chief Legal Officer Brian Bellerose, Business and Technology Strategy Executive Manager Ron Lewis, Sheldon Bennet on Blockchain Analysis, CTO Alex Kamilov, App Engineer Dan Hunt, Alice Douglas in charge of investor relations and Full Stack Developer Edward Luque.

Advisors who are aiding the team in rollout include Peiwei Ni, the Chairman and CEO of Super Block, Crypto Market Advisor Alexandru Radulescu, the CEO of Findo Gary Fowler, and Maury G, an APAC consultant.

The company is European but will service the globe on its platform. The developers have a strategic plan for disbursement of funds raised, with an eye on ensuring scalability and improvement post-launch.

Conclusion

The Bettium platform comes at gaming from a different angle, but one that is sure to have wide appeal due to its democratic build and a transparent cap on losses. Moreover, the inevitability of doing it alone that comes with online gaming is broken – a big plus – with the introduction of the P2P model. With greater transparency in play, greater camaraderie and a sense of empowerment other venues cannot offer within the standard model and arrangement of players in the wager; the ICO is set to experience good uptake. The betting tournaments in which prize money will be paid in BETT tokens is planned for early 2019, with a prize pool of approximately $1 billion at the prevailing exchange rate.

The backdrop is the billion-dollar online gaming industry. The reality of greater foresight and control over outcomes is sure to attract droves of gamers who will begin making the features Bettium offers a new industry standard. The company’s homepage says it all:

“BIG DATA AT WORK FOR YOU – Analytical Blockchain Platform for P2P Smart Betting.”

With not only the data but the tools to strip it something of a novelty for individual gamers, the company’s offer is apparent.

Investors are advised to do their own homework before buying into any ICO, but as a member of a super healthy industry, pitching a different take on things that incorporates a vast improvement on UX, the ICO is rated a definite buy.

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Champion Shave to Launch Champion Coin ICO with Usain Bolt, Ronaldinho and Dominique Wilkins

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Champion Shave to Launch Champion Coin in an ICO in 2019 Q2

Champion Shave, a superstar-owned shaving company, has outlined its intentions to launch its own cryptocurrency token. The company was established in 2016 by 100m world record holder, Fusain Bolt, soccer legend, Ronaldinho, and NBA legend, Dominique Wilkins.

Since its inception, the company has sold over 10 million razor products. The products are available in 17 countries across the world. According to Manny Bains, the CEO of Champion Shave, the firm is revolutionizing the men’s grooming sector that is valued at $47 billion. They intend to further this transformation by adopting a blockchain-based solution for their supply chain and customer data management.

Manny states that Champion Shave will use blockchain technology to track the entirety of the supply chain. This would reduce expenses and enhance efficiency by offering a transparent, unalterable and decentralized ledger for tracking movement of freight. Moreover, Champion Shave will conduct an ICO where it will issue its cryptocurrency token, called Champion Coin.

The objective of the Champion Coin and Champion Shave blockchain ecosystem is to eliminate intermediaries and charges in cross-border transactions. In addition to increased efficiency, Champion coin users will get rewards and discounts for shaving products.

Champion Coin ICO

The presale phase of the Champion Coin ICO is expected to start on October 29. The event will be backed by a specially curated marketing campaign meant to appeal to sports fans as well as crypto hobbyists. The main token sale is expected to go live in Q2 2019.

David Trezeguet, a former football star, will represent tie Champion Coin ICO during the Malta Blockchain Summit scheduled for November 1. Trezeguet said that he was excited by the launch of the token, adding that it would be useful to all members of the Champion Shave fraternity.

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Debating Satoshi Nakamoto’s Original Vision Between Blockchain Ledgers or Tokens

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According to Adam Krellenstein, co-founder and CTO at Symbiont.io, says that ten years after the anniversary of Bitcoin’s creation, the community is in a crisis. Symbiont.io is a fintech company that focuses on traditional financial markets and blockchain technology.

Mr Krellenstein says that he has been working during the last decade in order to produce new blockchain protocols that go beyond Satoshi’s original proposal. However, it seems that the industry is still struggling to answer important questions related to the nature of this technology and how it should improve society.

The author explains the struggle to understand the relationship between Bitcoin and distributed ledger technology (DLT). For him, there are some blockchains that want to create smart contracts, while others aim at creating tokens. Additionally, there is a debate on whether blockchain networks should be permissioned or not. Krellenstein believes that token systems are more useful than smart contracts when they are based on a public blockchain consensus protocol.

He mentions that Satoshi Nakamoto was right about the best use of blockchain technology. In this way, he created a payment system and a virtual currency (Bitcoin) that is nowadays the most popular and, perhaps, one of the most resilient in the market.

However, Krellenstein says that he spent a lot of time thinking about this issue and that he analyzed it very well when he created the cryptocurrency Counterparty and Symbiont. He goes on describing how Counter-party and Symbiont work and how they were created.

On the matter, he explained:

“Counterparty is a public blockchain smart contracts platform, albeit one focused on token issuance and trading, while Symbiont is a fintech company that develops and licenses its permissioned blockchain-based smart contracts system to improve the infrastructure of traditional financial markets.”

He said that while working on Counterparty and watching Ethereum – one of the largest virtual currencies and blockchain networks in the market – he saw that although both systems were built to support smart contracts, they were primarily used to create and transfer tokens.

Moreover, he explains that their vision was to create a trustless network of decentralized finance, and in order to do so, they implemented smart contracts for token balances, prediction markets, transparent elections and many other features. Nonetheless, those using Counterparty were focusing around its token rather than on other applications.

Krellenstein says that Ethereum makes it difficult to create real applications using the Solidity language. For him, one of the most advanced Ethereum smart contracts is related to CryptoKitties, something that is very similar to other games launched on Counterparty before. Although both platforms, Counterparty and Ethereum, were created to perform many other powerful things, they are exclusively used for tracing tokens.

This is why he thinks that smart contract systems for the general public are not a good idea. Additionally, he says that efficiency is sometimes more important than universality and that interaction among individuals is not yet as complex enough to justify a not efficient decentralized computer program.

Permissioned blockchains could work properly for some participants such as insitutions, governments or corporations. With these blockchains, it is possible to improve consistency and correctness of the current infrastructure.

This is something that some companies such as JP Morgan are already implementing and something that they properly understood.Quorum is the network that has been developed by the recognised bank and that is being used by different institutions and parties.

Krellenstein explains that blockchain can be valuable when replacing a consistent centralized system with a consistent decentralized one. He concludes saying that blockchain technology could become valuable as well when turning an inconsistent decentralized system into a consistent decentralized system.

“The conclusion that I’ve come to is that, just as was originally envisioned by Satoshi Nakamoto, the greatest use of a public blockchain is in fact as a digital currency and payment system,” he says. “Generalizations of Satoshi’s innovations in the time since he launched bitcoin, manifest partly in the enterprise DLT space, are not competitive with bitcoin.”

Perhaps, instead of replacing fiat currencies, blockchain technology could be used to build new databases that support workflows that are un-amenable to management within traditional client-server frameworks.

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Coinbase Adds Circle’s USD Coin (USDC) Stablecoin, Doubles Down on Digital Dollar Doubts

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Coinbase Adds Circle’s USD Coin (USDC) Stablecoin

San Francisco-based cryptocurrency giant Coinbase just announced that it has added support for USD Coin (USDC), a stablecoin designed by competing crypto exchange Circle, the owner of Poloniex.

One USDC is a 1:1 representation of a US dollar on the Ethereum blockchain. Each USDC is 100% collateralized by a corresponding USD held in accounts subject to regular public reporting of reserves. The underlying technology behind the USDC was developed collaboratively between Coinbase and Circle.

“Coinbase and Circle share a common vision of an open global financial system built on crypto rails and blockchain infrastructure, and realizing this vision requires industry leaders to collaborate to build interoperable protocols and standards,” Circle co-founders Jeremy Allaire and Sean Neville said

Distinctly, USD Coin will be the first stablecoin supported by Coinbase. Circle was the first issuer of the coin in September. The consortium, called Centre, will serve as a platform for users to make deposits from traditional bank accounts, convert fiat currency into tokens issued by members to facilitate transactions and provide the ability to shift back to the greenback.

Use cases of USDC

To start off with, two Ethereum wallets can quickly send and receive any amount of USDC at any time of day. Large transfers for business purposes become as easy as small e-commerce payments. Consumers can use the Coinbase app to send USDC to someone while remaining confident the value is stable.

There is a burgeoning ecosystem of crypto dApps, exchanges, and blockchain-based games. A USDC follows the ERC20 standard, which means it can be used with any app that accepts tokens based on that standard. The USDC can thus be used as a stable digital dollar to buy items in the crypto ecosystem, from Cryptokitties to tickets for blockchain-based games.

Additionally, for developers and fintech companies, a digital dollar like USDC is easier to program with. For example, given the private keys for USDC, a program can easily send and receive them back and forth using the public Ethereum blockchain.

Final Take

Recently, there has been a large amount of new issuance of stable coins recently as industry enthusiasts try to find more uses for crypto. Tether is the largest of the bunch but is plagued by doubters amid concern as the company has refused to be audited and won’t disclose its banks. Critics of Tether have called into question whether that cryptocurrency is truly backed by the equivalent amount of U.S. dollars.

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