Goal Bonanza is a blockchain technology that aims to disrupt the $3 trillion global betting industry. Find out how it works today in our Goal Bonanza review.
What Is Goal Bonanza?
Goal Bonanza, found online at GoalBonanza.com, is a self-regulating, blockchain-powered football (soccer) betting platform based on ERC20 tokens.
The platform aims to offer a fresh and new football betting experience using lottery-like crowd betting. The crowd bets on 10 possible final score outcomes. Based on how much money is bet, the crowd drives the potential returns. Goal Bonanza doesn’t set the odds themselves. They let the crowd set the returns based on which scores are most and least popular.
Overall, Goal Bonanza aims to offer a better betting experience than traditional bookmakers and betting exchanges, which offer unattractive odds and low returns. The bigger the crowd, the bigger the potential returns will be.
Goal Bonanza’s whitepaper describes one example of how their platform could be used for exciting gambling opportunities:
“Imagine $100,000+ in returns on $1 bets by successfully predicting the final score of a football game out of 10 possible outcomes.”
How Does Goal Bonanza Work?
Goal Bonanza’s basic process involves users choosing football scores from 10 possible options. You can choose a 0-0 draw, for example, a 1-0 home win, a 0-1 away win, and other combinations. Or, you can choose the “Goal Bonanza” option, where you pick any other final score.
You can choose from competitions in most major football leagues and competitions, including the EPL, La Liga, Bundesliga, Serie A, Ligue 1, Eredivisie, Liga, Liga Do Brasil, Argentina Primera Division A, CSL, FIFA World Cup, UEFA Euro 2020, EUFA Champions League, EUFA Europa League, and COPA Bridgestone Libertadores.
In addition to this system, Goal Bonanza will apply gamification mechanics to engage and motivate users to play in order to win rewards, badges, and points. These symbols are used to elevate the player’s status and privilege while showing their talents, expertise, and accomplishments.
Overall, these systems are designed to tap into “basic desires and needs of users’ impulses which revolve around the idea of profits, status, achievement, competition, and community collaboration.”
The ecosystem revolves around an ERC20-compliant digital token built on Ethereum. Goal Bonanza doesn’t require the use of fiat currency. That means it’s outside the legal jurisdiction of gambling regulatory bodies, and it’s considered a non-regulated stateless business.
By year 3, Goal Bonanza has an oddly specific earnings target: the company claims they’ll reach a total of 6.34 million active players and generate earnings of $74.9 million.
What Types Of Problems Does Goal Bonanza Seek To Solve?
Goal Bonanza aims to solve the following problems in the betting world:
Licensing And Compliance:
Many gambling websites consistently struggle to remain compliant and regulated. Goal Bonanza is a stateless, non-regulated cryptocurrency platform that is not subject to any regulatory or licensing requirements.
Unique Customer Proposition:
Most betting platforms offer the same basic betting experience. Goal Bonanza aims to attract users with a unique feature – like picking football scores from 10 possible outcomes.
Lack Of Privacy:
Identity verification requires substantial personally identifiable information, including forms of identification, credit cards, and bank account details. Goal Bonanza allows users to play without any type of identification. There are also no records of deposits or withdrawals.
Betting platforms provide low returns and unattractive odds designed to favor bookmakers and the house. Goal Bonanza doesn’t set the odds and potential returns – the players do. That means the bigger the crowd, the bigger your returns will be.
The Goal Bonanza ICO
The Goal Bonanza pre-ICO is scheduled for October 1 to October 31. During the pre-ICO, 1 ETH = 15,000 GOAL tokens.
There will be 5 rounds of the main ICO, with each round lasting 6 days. The ICO is scheduled for November 1 to November 30. The base rate for tokens during the ICO will be 1 ETH = 5,000 tokens.
Who’s Behind Goal Bonanza?
Goal Bonanza is led by founding partner Veljko Ristic, CTO Jon Santillan, and Chief Advisor Jacob Lopez.
The company was founded in 2017 and lists its headquarters in Makati, Manila, Philippines.
Goal Bonanza Conclusion
Goal Bonanza aims to change the world of football (soccer) betting using a decentralized gambling platform. That platform involves picking football scores from a range of 10 different options, or clicking the “Goal Bonanza” button to choose a score from outside of those 10 options. There are no odds – the crowd sets the odds by choosing the most and least likely scores for any particular match.
To learn more about Goal Bonanza and the ongoing ICO, visit online today at GoalBonanza.com.