The Ethereum blockchain has made smart contracts a reality. Each day there are thousands of calls being made to these contracts, with functions that vary from insurance calculations and token issuance to time locked transfers, simple escrows and so much more. Smart contracts have also been applied to Ethereum-based gambling sites, allowing anyone in the world to make a trustless bet against the house and in many cases, against other players. This form of gambling is far removed from the traditional experience; one where payouts can take days, winnings can be withheld, and unscrupulous actors can steal player funds.
For those unfamiliar with smart contracts, the concept is fairly straightforward. On a high level, a smart contract is made up of lines of code which takes inputs and returns an output. The code that processes these transactions is set in stone and cannot be altered, so users interacting with it know exactly what to expect. The code is also publicly available on the Ethereum blockchain, and the contents can be audited to ensure that the contract operates in the way it’s advertised.
The parallels between insurance and gambling smart contracts should now be obvious. Players can bet on a multitude of different games with bets ranging from less than a cent up to many thousands of dollars without having to trust a third party. For games which require randomness such as a roulette wheel or dice game, provably fair algorithms are used. Classic gambling games are the first market to be revolutionized with smart contracts, however more interesting peer to peer style betting is being developed.
Betform is a social betting platform powered by Smart Contracts. This is a peer to peer gaming platform and no middleman involved. We join blockchain technology to the real world by providing decentralized gambling system. All of key operations like winning paid out, and quarterly rewards are all regulated by Smart Contracts.
Betform Features :
- Provably fair Gambling
Betform utilizes a transparent method of producing the results of its matches. Our PRNG is analyzed and certified by a respectable evaluation laboratory. Players may anytime access and confirm all of the card games history.
- Interesting and Societal
Unlike other online casinos, you can connect friends and family, invite friends or even linking a table to create new friends if you play with in our system.
- Transparency and safety
Betform uses the state of the art technologies to supply its users exceptionally secure and effective environment to perform their favourite games. The surgeries are powered by clever contracts. Intelligent contracts will immediately cover the winnings after every round of match finished.
Betform platform performance is governed by licensing authority.
The purpose of Betform was developed to:
- Supply an easy to comprehend interface with easy account development, user friendly profile management and accounts administration.
- Supply transparency and reasonable gaming experience to gamers. Betform utilizes a transparent method of producing the results of its own games with our tested and accredited RNG system.
- Boost user retention via gamification such as particular events and benefits to keep players participated.
- Target casual players out of emerging markets like the South East Asia and China, Hong Kong and Taiwan.
- Token symbol: BFC
- Token price: 1 BFC = USD 0.10
- Total supply: 240,000,000
- Hard cap: USD 9,600,000
- Presale: October 2018
- Open sale: January 2019
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