BetBox – BETX ICO Artificial Intelligence Hedge Fund Sports Betting?

BetBox is an AI-driven hedge fund that aims to combine the power of machine learning and deep neural networks to turn sports betting into an alternative asset class. Here’s our review.

What is BetBox?

BetBox, found online at Betbox.ai, aims to turn sports betting into an alternative asset class. To do that, BetBox has created a hedge fund that uses machine learning and deep neural networks to make intelligent predictions.

The hedge fund’s strategy is implemented by a large team of BetBox researchers. The fund ingests 1.6 million pieces of information daily, then runs that information through proprietary technology and algorithms.

The ultimate goal of the hedge fund is to provide capital growth by investing in sports betting markets through algorithm-based trading.

To help achieve that goal, BetBox is conducting an ICO over November and December.

Ultimately, BetBox aims to introduce AI-driven trading to a market that many people believe is unpredictable:

“Betting has always been pointed out as an unclear, obscure and unsecure market. That is correct if you perceive it from an emotional point of view: you bet on your dream team and you lose, but you will still continue to bet on your dream team. That is not rational, that’s emotional. What if we changed your perspective and looked at this market in a functional way, as an investment opportunity, a chance to diversify your income portfolio?”

Basically, BetBox believes there’s an opportunity to use data to beat bookmakers in multiple sports worldwide.

How Does BetBox Work?

BetBox combines fully automated and scalable AI technology with deep neural networks, machine learning, and a “performing infrastructure architecture.” BetBox’s data-driven approach was built with the goal of developing sophisticated trading models for the sports betting market.

That hedge fund analyzes 1.6 million pieces of information daily using algorithms and proprietary technology. These algorithms are designed to make predictions in sports betting markets.

The fund will not invest more than 10% of its assets under management (AUM) into each BetBox algo-trading model.

The fund also has an annual management fee of 3%, plus a performance fee of 30%. Performance fees are uncapped, so there’s no maximum fee.

The BetBox whitepaper outlines the optimal betting strategy that will be used by the platform. That strategy will be used to conduct automated betting across multiple sports worldwide.

The end result is a hedge fund built to achieve maximum profitability from a market that many had previously believed was unpredictable.

The BetBox ICO

The BetBox pre-ICO begins on November 9. All BetBox tokens (BETX) give you the right to receive 20% of the BetBox hedge fund’s net transaction revenue.

31.1% of the crowdsale tokens are being distributed during the pre-ICO. There’s a hard cap of 7.8 million BETX for the pre-ICO, with a soft cap of 746,093 BETX. The price of the token will be 0.0034 ETH during he pre-ICO, with no minimum purchase amount required.

The pre-ICO is scheduled for November 9, 2017 to January 18, 2018.

Anyone who purchases BETX tokens during the pre-sale will receive one “GiftCoin” for each BETX they purchase. Each GiftCoin allows investors to enter the BetBox platform any time for one entire day (24 hours) and see how they invest on European Top Players.

Who’s Behind BetBox?

BetBox is led by Francesco Magagnini (Co-Founder) and Fabrizio Malfanti (Co-Founder). Other key members of the company include Sara Carbone (Data Scientist), Sara Mattiello (Marketing), Gabriele Torre (Data Scientist), Marta Mertens (Fund Analyst), Giorgia Coltella (Project Manager), and Andrea Cabella (Data Scientist).

The company is in the process of obtaining an approval license from the Gibraltar Financial Services Commission (FSC).

BetBox was founded in 2015 and is headquartered in Gibraltar.

Note: there’s a separate company named BetBox that appears in certain Google searches. That company is also involved in sports betting. However, they seem unrelated to the Betbox company we’re talking about here.

BetBox Conclusion

BetBox aims to bring AI-driven data intelligence to the world of sports betting. The goal is to consistently beat bookmakers using a number of different strategies. Profits are delivered into a hedge fund that continuously grows over time.

You can learn more about BetBox by visiting the platform online at BetBox.ai. The pre-ICO is underway from November 9 to January 18.

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Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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