Most of today’s crypto betting platforms face the same problems – lack of transparency, geographical payment limitations, delayed or canceled pay-outs, and lack of trust in the site owners.
But by implementing blockchain technology, betting platforms can break this cycle of mistrust and create a new standard for online betting.
BetMatch is a decentralized betting platform whose top priority is fraud protection and bookmaker’s activity transparency. BetMatch combined a classical business model based on traditional betting with a social betting network and built their platform from the ground up using blockchain technology.
Their architecture offers several features that help create a transparent betting system, such as:
- The elimination of the human factor and third-party influence on bet processing, results displaying, and winnings pay-out;
- Cryptocurrency-only bets, eliminating fees on transactions and huge charges on the winnings;
- “Bookmaker’s guarantee” is replaced with “smart-contract”, making all the bets be instantaneous, and eliminating delays and cancellations of pay-outs;
- The usage of internal tokens for betting reduces the internal fees twofold;
- All the bets are unprecedentedly fair and transparent due to the use of blockchain technology.
BetMatch uses XBM internal tokens (Ethereum ERC20 standard), which drastically decreases fees. Users can also lease the XBM tokens to other users in need, for a small percentage of their winnings.
XBM tokens will be gifted to active members of the community, such as experienced forecasters or outstanding sports analysts. The token is listed and can be purchased on Latoken exchange, Crex24 and betmatch.io.
The token has risen 500% since its launch.
Funds are deposited on a smart contract which automatically transfers currency to the user’s account, and pay-out is guaranteed by a dedicated liquidity pool whose balance can be verified at any given moment.
Enjoy secure betting on BetMatch.io.