Blockchain-based social betting platform with game-like elements
Price on ICO, eth
Jun. 1, 2018
Jul. 1, 2018
1 ETH = 17 500 BTHR
Starts in 10 days
Bethereum is a social betting platform built on Blockchain technology. The idea is in the way players make their bets. They play not against a bookmaker, but with friends and other players, and use the Bether tokens for the bets.
Each player will have an opportunity to create a bet, set the rules and will have to provide the funds for the bet that will be protected with smart contracts. The process eliminates any kind of intermediaries, is fully decentralized and self-regulated. Bethereum is going to create a user-friendly application for Android, iOS (MVP is already on the AppStore), and Web and there a social and game-like elements (chat, achievements, leaderboards, etc.). First of all Bethereum is targeting sports betting, then eSports, live betting, and third-party games. The goal is to develop a B2C and B2B ecosystem and make the Bether token a de facto standard in betting industry.
Their ERC-20 utility token called Bether (BTHR) will be deflationary and un-mineable. The token will be used through the entire platform for all transactions and rewarding third-party developers for the games.
5% of every winning will be charged to players for third-party services (smart contracts, statistics, etc.). 10% of this sum (0.5% of the winning) will be burned increasing the token value. The burning will be stopped at the end of 2022 or when 50% of all tokens sold on the ICO has been burned. The token distribution is as follows: 60% – sale, 20% – team and advisors, 12% – long-term budget, 5% – ICO costs, 3% – bounty program.
The Bethereum team consists of 14 professionals and looks very well balanced in executive and technical stuff – experienced entrepreneurs, corporate executives, managers, marketers, software engineers, and designers. The company CEO Giacomo Tognoni is a marketing and gamification expert, former Chief Commercial Officer for a Telco operator, and an international executive with 20 years’ experience in mobile gaming, Telco, IT, marketing, and gamification. In addition they have 7 advisors, specialist in blockchain, cryptocurrency, betting, and business strategy.
Bethereum has a great idea of leveraging social factor and user-friendly game-like applications (including those from third-party developers) that will engage to the platform not only seasoned bettors, but casual ones as well. The project is being developed by an excellent team and they already have an MVP on the AppStore. Anyway, the team will face challenges traditional for ICO projects – competition with other companies, product implementation, and the platform adoption. We believe they can make it.
The Bethereum’s idea of bringing social and gamification elements into the betting industry looks very interesting. And decentralized nature of the project makes it clear, trustworthy, and transparent. An excellent bet for the win.
Bethereum is an innovative social betting solution built on blockchain technology. Designed to tackle the key challenges of conventional betting, it delivers a host of unique features and improvements. Starting with sport betting, our vision is to develop a wider ecosystem and establish the Bether token as the betting market standard.
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