Bethereum is a decentralised, social-betting platform based on Ethereum technology and Smart Contracts.
Betting is a huge business, but the online betting industry is plagued by multiple problems.
There is an overall perception of unfairness due to security issues, lack of transparency and social character, skewed odds, high fees and low returns – all factors alienating many potential bettors or driving them to underground betting.
The Bethereum solution leverages Blockchain technology to ensure the safest and most transparent betting experience. There is no middleman involved: Players create the bets, set the rules, and provide the liquidity for fulfilling payouts. Smart Contracts protect funds and automatically distribute winnings based on bet conditions and outcomes. The entire process is fully decentralised, secure, and self-regulating. All this while unique social and gamification elements deliver a whole new level of community engagement.
But Bethereum is not just about better betting. The platform has versatility and scalability ingrained in its DNA: starting from sport betting, it will expand to include a variety of content and third-party games. It is designed to support a whole ecosystem, ranging from casual bettors to high rollers, through white-label customers and conventional betting agencies, to third-party developers and affiliates. All fuelled by our digital token: the Bether.
Our vision is to develop such ecosystem, centered around a superior betting solution – and to establish the Bether token as a global betting standard. To give you a taste of things to come, we already have a functional iOS prototype on the App Store (Bethereum Lite) and a web-based, Blockchain-powered betting contest at worldcup.bethereum.com. Join us in this adventure, today!
Key Takeaways
All of us have, at some point in our lives, made a bet with somebody else Betting was originally a social activity, but it has lost its social nature Conventional betting is highly centralised, taking power away from players and placing it in the hands of bookmakers
By removing the middleman and leveraging Blockchain technology, a whole new era of safe and transparent betting can be ushered
Bethereum is poised to reinvent online betting as a social activity We aim to develop a broad ecosystem fuelled by our Bether digital token Keywords: trustless betting, ethereum, smart contracts, decentralised systems, prediction markets, distributed ledger technology, Blockchain, mobile, social engagement, fun, transparency, security, gamification, partnerships, oracles, community, responsibility
