Betbox is a fully decentralized ecosystem acting in various DApps with the assignment to provide a fully transparent, fair and yet challenging environment for people with a passion for gambling and a sense for competition. Our users may contribute their knowledge and experience to the growing project by submitting ideas or solutions, which are ready for implementation, in return for OX. Betbox smart contracts are devel-oped to reimburse 20% of the commissions (ETH) taken by the company for betting, every quarter of the year to volunteering parties* in return for tokens to moderate the inflation of OX. 100 Mio. OX will initially be created. The closure of each bet in the betbox smart contracts will create a single OX and randomly distribute it to a user of the ecosystem. The RNG of betbox is based on issuance of future block hashes on Ethereum public mainnet. *OX holders may lock tokens into the specified smart contract to receive profit share of the period. The locked OX will be burned within the process.
USA, Bosnia and Herzegovina, the Democratic People’s Repulic of Korea, Ethiopia, Iran, Iraq, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, the People’s Republic of China, Singapore and Cuba.
Betbox is a fully decentralized ecosystem acting in various DApps with the assignment to provide a fully transparent, fair and yet challenging environment for people with a passion for gambling and a sense for competition. Our users may contribute their knowledge and experience to the growing project by submitting ideas or solutions, which are ready for implementation, in return for OX. Betbox smart contracts are devel-oped to reimburse 20% of the commissions (ETH) taken by the company for betting, every quarter of the year to volunteering parties* in return for tokens to moderate the inflation of OX. 100 Mio. OX will initially be created. The closure of each bet in the betbox smart contracts will create a single OX and randomly distribute it to a user of the ecosystem. The RNG of betbox is based on issuance of future block hashes on Ethereum public mainnet. *OX holders may lock tokens into the specified smart contract to receive profit share of the period. The locked OX will be burned within the process.
All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Group CEO | Blockchain Entrepreneur |Fund Partner | Exchange Founder | Singapore Rated on Nov 27, 2018 Modified on Dec 3, 2018
4
4
4
14%
Good project with a strong core team. Met the team and management. Good use case of blockchain. Market is big and MVP will be out very soon. Will follow this with measured progress.
Interesting project and I like the idea of using 20% of the commissions to help moderate the inflation of the token. This give users incentive to hold the tokens. However, they have to check if the profit sharing is illegal because it might cause them to fall under the Securities and Futures Act and be considered as a security token. Team and advisor looks fairly competent as well. Will be following this project closely.
Blockchain Consultant, Advisor, Consultant. European Commission - Horizon 2020 Rated on Apr 1, 2019 Modified on Apr 1, 2019
4
4
4
13%
This is a promising idea, although of course there are many projects related to gambling using blockchain, this is for a good reason. The team is strong and they have a clear vision as well.
International Public Keynote Speaker, Blockchainer, Adviser, ICO Supervisor, Investment Relations and International Community Relations Manager Rated on Nov 9, 2018
5
4
4
11%
As I extremely love Switzerland - maybe it causes on so friendly relationship to the team which is really great. As Project Manager and programmer I fully inderstand that now is the time for decentralised applications (dApps), and gambling industry extremely eager to have that type fair application onboard. Will be great to have also video explanation and more media on site for the customers, cause gambling industry works mostly on that way. More graphic, more emotions and fair could change gambling industry to new route in this industry.
Founder at Hawk Cyber Security | Top ICO Security Advisor Rated on Nov 9, 2018
5
4
5
9%
This is quite an interesting project. The idea is very simple, but was actully very well thought and planned.
The use of a sidechain in order to provide better scalability (in case Ethereum does not solve their own issues) is a good overall approach, but might raise a flag in the security aspect, but as long as the transactions are not stored there, but in Ethereum's blockchain, it should not present any issues.
The first thing that caught my attention was the fact that they are very straight forward and clear with the contrbutor, which is a big plus in this space.
That being said, the TGE is a lottery in itself, which means it's not really an investment. Again, they are clear since the begining.
I also liked the idea that this is one of the few projects that are not playing this shady ICO game like the rest.
They are not paying exchange fees for listing, nor crazy expensive marketing campaigns. I think it's somewhat corageous nowadays.
The team is really experienced and the screenshots of the products look really great. I think they can execute a project like this without major issues.
Vision might be analyzed in two ways:
1) The project/idea is not really unique. There are many betting platforms out there moving into a decentralized approach.
2) But the way they are planning their project does require a lot of brains for making it unique in their own way.
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ICO Advisor | Blockchain Enthusiast | Venture Capitalist Rated on Dec 4, 2018
4
4
4
8%
Having RNG codes being transparent on the blockchain is good for users to know the codes are fair. Would love to see more token utility or use case of blockchain from the team.
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• Private Pre-Sale
• Participation Ticket Lottery
• Release of Alpha on the mainnet
and expandation of betting infrastructure
• Private Sale and TGE
2
Q1 2019:
• Release of dApp beta for Android and IOS
• Release of webApp beta on Mainnet
• Release of several new features and games
3
Q2 2019:
• Release of Live dApp on Mainnet
• Release of Live webApp on Mainnet
4
Q3/Q4 2019:
• Release of POA OX-sidechain with distributed OX-nodes
• Enabling of relay between Mainnet and OX-sidechain
• Release of new dApps and features in betbox for OX-sidechain
• FIAT integration
5
2020:
• Release of global work bench for community
driven development within betbox in return for
OX Tokens and commissions.
