Sports betting has always been hugely popular from way back in the 19th century but is also highly controversial in some jurisdictions. In the last 20 years, betting has shifted to the Internet which has greatly revived interest. Bettors place their wagers either legally, through a bookmaker/sportsbook, or illegally through privately run enterprises referred to as “bookies”.
While Internet allows bookmakers to circumvent laws by operating outside of a restricted jurisdiction and yet serve clients anywhere, there is no platform of anonymity like blockchain.
What Is XWIN?
Xwin is a transparent betting platform for sporting and other events with revenue sharing using smart contracts on Ethereum. Blockchain provides safe and guaranteed access to betting on the outcome of any event, and for investors – to receive guaranteed income from the bookmaker’s activity.
Payments are guaranteed through smart contracts and transparent transactions and payments. There are no account lockouts due to arbitrage or frequent wins. Registration is simplified and user information is secure and confidential. Blockchain also allows borderless betting from anywhere in the world.
Funds are secure, managed autonomously on the blockchain, reducing risk of embezzlement. Bettor's account transactions can be continuously monitored and controlled through an intuitive interface. The amount of potential winning is calculated automatically by the system. There are no deductions for betting on the platform.
Xwin is a platform for betting on various sports events, including football, hockey, tennis, basketball, auto-motor sport, American football, badminton, baseball, biathlon, boxing, volleyball, handball, darts, Esports, politics, rugby, mixed martial arts, snooker, chess, show business and many others.
All bids, bets, games, payoffs, winners and results are recorded in the XWIN smart contract and are verified against several sources of information. This excludes the possibility of errors during the transfer of bets and results to the smart contract.
All Xwin betters’ funds are located on the Xwin smart contract account at the address: ethereum.com/0x1fZw71oRt in the public domain.
All betting calculations are performed by the smart contract, which enforces bet compliance, using the API of the blockchain explorer. Prize fund and coefficients are displayed on the website at xwin.io and in the personal account of users.
In addition to being used to place bets on sporting events, Xwin tokens are used for identification of the counterparties, accounting of all transactions, management of the odds, etc.
Participation in ICO provides investors an opportunity to become a co-owner of the world's first crypto-bookmaker and receive 100% of net income. The Xwin structure allows investors to receive profit with minimal interaction.
Xwin also has a referral program with four tiers, which allows first-level referrers to earn 6% commission from tokens purchased by referred investors on the platform. Second and third level investors earn 4% and 2% bonus.
- Baikov Artyom – Co-owner and Founder
- Kiryanov Vladimir – Co-owner
- Greenstein Ilya – Co-owner
- Poskonin Vyacheslav – Solidity developer
- Litvak Vadim – UI/UX designer
- Platform – Ethereum(ERC20)
- ICO start date – Jan 1, 2018
- Hard cap – 80,000,000 XWIN
- Pre-ICO in progress at xwin.io
Sports betting using cryptocurrencies is definitely an unexplored market and being the first such platform, Xwin reserves the cachet and proposes an alternative to conventional sports betting. As long as the odds are calculated and payouts issued in cryptocurrencies, the platform is likely to attract plenty of interest.