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Hello and welcome to this blog post about Bitbook Gambling BXK White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Bitbook Gambling BXK white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications
The aim of this blog post is to help you quickly understand about the philosophy behind the Bitbook Gambling (BXK).
I can ensue you that, you will be able to understand every bits and pieces related to Bitbook Gambling (BXK) after going through the Bitbook Gambling BXK white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Bitbook Gambling BXK White Paper
Bitbook Gambling BXK white paper will be going to provide you, all the information that is needed to get started with Bitbook Gambling (BXK), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Bitbook Gambling (BXK).
Abstract
“While the online gambling and sportsbook market has grown in recent years, concerns about issues such as fraud and lack of transparency have remained. The advent of Blockchain technology has fundamentally changed this situation.
Due to the immutability of records on the blockchain, any user can verify and retrace past transactions. Many online casino operators have since developed and launched Blockchain-based online gambling platforms to provide players with these benets.
However, a series of challenges still remain. Regardless of how active users are and how much money they spend on the platform, they are not rewarded for their loyalty. In turn, online casino operators continuously struggle to retain their users.
Moreover, most online platforms oer either gambling or sportsbook functions, not oering players a single platform to both place bets on sports events and play casino games. The Bitbook platform will solve precisely these challenges.
Bitbook is a sportsbook and online casino platform that compensates users for their losses with up to 10% and oers them an unparalleled diversity of games and betting options.
The Bitbook platform has been live since May 2018 and has established itself as a Bitcoin-only online casino amongst a worldwide audience of passionate players.
While the current development was nanced solely by the Bitbook team, it is time to lift the Bitbook platform to the next level and build the sportsbook and online gambling experience of the future.
To this end, Bitbook will hold an initial coin oering (ICO) and issue BXK, its own token that will be used as the in-game currency on the Bitbook platform. While players can bet in any major cryptocurrency of their choice, the use of BXK tokens will be incentivized by various measures.
These measures include compensation of up to 10% of losses on bets made in BXK tokens and various other exclusive and ongoing bonus programs run on the platform.
A regular token buy-back from exchanges and the subsequent burning of these tokens will cause a decrease in the total supply of BXK tokens and ensure a consistent increase in their value.
The funds raised will be used for the further development of Peer-to-Peer betting in 2019 and the establishment of the platform as the leading blockchain-based sportsbook and online casino solution on the market. 60% of the generated funds will be invested in extensive marketing campaigns to attract additional players to the Bitbook platform.“
White Paper Link: Bitbook Gambling BXK White Paper
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