As sports betting occupies the largest market share in the global gambling market and income of bookmakers in 2017 has averaged out to more than 120 billion euro, let’s admit that betting is quite a popular pursuit. Though (or exactly for that reason), conditions for players over decades were constantly getting worse: increasing fees, unfair odds, bans and limits for winning players and, in addition to that, middleman preventing direct interaction between participants.
As many other businesses, the betting industry started shifting from offline to online trying to avoid some of this disadvantages. And wide boom of cryptocurrencies has affected the betting industry in its own way.
Attractiveness of using cryptocurrencies for bets is obvious: first of all, it’s anonymity. Any bettor can create an account at any crypto bookmaker without providing personal information – all you need is your email and crypto wallet, no address or ID’s are required. The second significant benefit is easy money transfer. Payouts are extremely quick and transactional fees extremely low. No wonder, that cryptocurrency enthusiasts started to conquer the market. One of such pioneers in the gambling industry is the team of XWIN CryptoBet project. They have definitely put a lot of effort to launch their ICO before the number of competitors emerge on the market. And, as we learned from many previous ICOs, the “early bird” factor is crucial for taking advantage in the blockchain competition. Being among the first, they expect to gain the audience and beat their path to the leaders.
In this article we’re introducing a short overview of XWIN features and their referral program.
Basic XWIN features
Xwin is running blockchain and its benefits are obvious: it’s a secure technology based on decentralization. Its smart contracts may be more secure than traditional contract law. Thanks to Ethereum Blockchain, the XWIN platform provides full control over investments and failure-free access from anywhere in the world 24/7/365.
Ethereum’s smart contract features are perfect for creating crypto-betting solutions. XWIN smart contract functions as an arbitrator, autonomously and completely independently fulfilling the terms of the agreement.
It presents powerful opportunities for ensuring investing and conducting online-transactions. Risks are minimized due to restriction on access to the invested funds. The payout is locked on the account of the smart contract when you place the bet and cannot be expended prior to the settlement. None of the parties can make changes to the bet that has already been placed or spend the prize fund.
To make a bet, participants will use an internal currency, the XWIN token, a local tool for crypto betting and bookmaking. Purchasing XWIN tokens during ICO allows for co-ownership in the project. Early investors will receive their 100 percent of the net income even without much platform activity. The tokens will be available for purchase during the ICO, which starts on Jan. 1, 2018. XWIN will issue a total of 100 mln. tokens, 80 percent of which are being put on public sale. To get the tokens you only need to visit their website and register.
Referral program
Another necessary condition for the future success of a cryptocurrency project is growth of the community and attracting new members. Therefore, XWIN also launches the referral program as a guarantee of constant audience capture. XWIN referral program is simple, but straightforward, and offers its member opportunity to receive up to 6% of the amount that your referrals spend for tokens. Users are provided with four levels of referral membership, which are described on the official website as following:
First level – each first investor receives his referral code during the first purchase of the tokens;
Second level – investor makes a purchase, indicating the referral code of the first investor and receives personal referral code. The first investor receives 2% of the purchase of the second investor;
Third level – The third investor makes a purchase using the referral code of the second investor. The second investor and the first investor receive 2% of the purchase of the third investor;
Fourth level – The fourth investor makes a purchase using the referral code of the third investor. The third, second and first investors receive 2% of the purchase of the fourth investor.
In other words, besides from betting and winning, you can generate your passive income simply by recommending or promoting your referral code to your contacts. There’s even no need to play, though, you can use your referral bonuses for bets and other functions of the platform. Sounds quite promising, so we’re going to keep an eye on this project and its ICO and look forward to its results.