ESports and gambling are some of the popular pastimes for many and with the introduction of cryptocurrencies, it has become much easier for both sports platforms and players to overcome many barriers that are directly associated with the regulatory environments across different geographies.
However, the cryptocurrency driven market has its own challenges, including the lack of trust and the fairness of games. Not to mention the expertise required for setting up decentralized platforms/system that enables users to place bets and run campaigns.
A bunch of tech researchers from MIT and MIPT have observed these shortcomings in the betting market and they have come up with a solution in the form of Betrium. It is the world’s first decentralized exchange and sports betting platform that is open to everyone and charges the lowest commissions. Some of the other features that make it stand apart from the rest is the model that allows event organizers, developers, and other parties to create their own betting events.
Betrium has set its eyes on a more than $1 trillion industry and it has embarked on a crowdsale campaign to.fund the development of the platform. As a part of its ICO campaign, Betrium is presently conducting a crowdsale campaign set to end on November 22, 2017.
The creators of Betrium, following their much broader vision are also working on offering additional features on the platform to provide a user-friendly ecosystem. The volatile nature of cryptocurrencies makes handling them a gambling of sorts and Betrium minimizes the impact of market conditions for users by providing volatility stabilization on the platform. Users on the platform will be protected from losing in regular dumps as their crypto-balances on Betrium will be fixed in virtual /EUR. To make it possible, the platform will integrate exchange functionality (USD/BTC/ETH). In addition, Betrium is also exploring partnerships with some of the leading exchange platforms.
The ongoing Betrium crowdsale offers a unique opportunity for the cryptocurrency and online betting community to be part of an industry-wide going platform. Those taking part in the pre-sale stand to gain the Betrium tokens at a heavily discounted price. In addition to the bonus, token holders also stand to enjoy a 50% profit share distributed among the token holders.
More information about the platform and the ongoing crowdsale is available at betrium.co.
Read the Betrium whitepaper for a better understanding of the platform.