XWIN is a transparent betting platform for sporting and other events with revenue sharing using the decentralized smart contracts on the Ethereum blockchain.The unprecedented development of blockchain technology and introduction of smart contracts has led to new opportunities in the field of betting on sporting and other events. At present, for the majority of private players, it is important to have comfortable, convenient and, most importantly, safe and guaranteed access to betting on the outcome of any event, and for investors – to receive guaranteed income from the bookmaker’s activity.XWIN was created in order to solve these tasks.Blockchain is a real-time mechanism for developing trust in an environment without trust using the distributed database.Development of blockchain technology has led to introduction of smart contracts. Currently, the Ethereum blockchain-based smart contract is one of the most comfortable, convenient and safe for users.
Advantages of betting with XWIN:
- Guaranteed payments by the Ethereum smart contract;
- Transparency of transactions and payments;
- No account lock-outs due to frequent wins;
- No account lock-outs due to arbitrages;
- Absence of individual reduction coefficients;
- Simplified registration;
- Absence of infrastructure risks related to technical problems with equipment and interruptions in Internet access;
- Absence of risks of funds embezzlement;
- Absence of restrictions on access to the investment funds;
- Information security and confidentiality;
- Cross-border betting;
- Stability of XWIN is determined by the entire network of the Ethereum blockchain;
- Security of funds (the players’ accounts are placed on the smart contract account and are managed autonomously);
- Continuous monitoring and control of the better’s account transactions (constant control over the player’s funds, 24/7/365 availability from any place in the world and from any device).
XWIN establishes new standards of relations between the players and online gambling resources due to the use of blockchain technologies.There is no secret that the bookmaker business brings a considerable income. The XWIN margin ranges from 6% to 20% of the betting rate. The margin from the better’s bets is credited to the account of the XWIN smart contract and is managed autonomously. 100% of the received margin is distributed as follows:
• 25% – to the fund of guaranteed payments to the players;
• 35% – PR, marketing, promotion and advertising;
• 20% – administration and legal support;
• 20% – income distributed among the investors.
Within the framework of ICO platform XWIN CryptoBet will issue a limited number of tokens, 80% of which will be available to the investors and players.
TOKENS AND ICO
Launch of ICO XWIN CryptoBet and open sale of tokens is on October 30, 2017 and will last exactly for 3 months, until January 30, 2018.
Pre ICO: start on 30/10/17, finish on 31/12/17
ICO: start on 01/01/18, finish on 30/01/18
During the development of the platform, the investors will be able to have access to the XWIN tokens.
The cost of one XWIN token is 0.003 ETH.
20% (XWIN tokens) – the blocked share of the founders being available 1 year later. This encourages the XWIN CryptoBet team to develop the platform and keep the motivation for sustainable growth of the company’s business;