Goal Bonanza is a self-regulating, blockchain powered football betting platform based on ERC20 token standard. It offers fresh and new football betting experience by combining lottery like crowd betting on 10 possible football game final score outcomes where the crowd drives the potential returns, unlike traditional bookmakers and betting exchanges that offer unattractive odds and low returns. The bigger the crowd the bigger are the potential returns easily reaching six figures.
Market Overview
TRADITIONAL BETTINGWhen betting with a bookmaker you can only bet on the odds they offer, only having the option to back a certain outcome. The odds set by bookies include their margin meaning they price markets in their favor with unfair odds. Bookmakers effectively make money by building in a margin/over-round into their odds.
BETTING EXCHANGES
Instead of being limited to the odds set by bookies, and only having the option to back a certain outcome, an exchange allows users to go head-to-head against each other by either backing or laying. It differs to traditional sportsbooks by allowing bettors to bet against each other, rather than a bookmaker.
Industry Challenges Solving
LICENCING AND COMPLIANCELicensing challenges, regulatory repercussions and compliance requirements. Very strict gaming regulations and legislation that significantly varies between countries and governments. Goal Bonanza is a stateless, non-regulated cryptocurrency platform that is not subject to any regulatory or licensing requirements.
UNIQUE CUSTOMER PROPOSITION
Lack of innovation and differentiation as sportsbooks are using the same ‘off-the-shelf’ solutions provided by monopolized and regulations heavy marketplace of gaming providers. Goal Bonanza is brand new gaming concept offering different football betting experience unlike anything else on the market.
Technology Behind Goal Bonanza
Goal Bonanza smart contractGoal Bonanza users will interact with a front end interface written in Javascript that creates a smart contract through the Web3 protocol. The smart contract defines the mechanics of the game such as total number of users that participate in a single game, wagered tokens per outcome, distribution of winnings, fulfillment of achievements, distribution of bonuses and rewards, and other rules and restrictions. This front end will provide general information about the game as well as the most up-to-date scores of the football team that are competing at any given time.
Goal Bonanza will sell the retained tokens from the ICO, which will in later stages be also supplemented by purchases in the secondary market to refill the funds and ensure liquidity as the user base and turnover of GOAL tokens in the platform grows. We will be a constant buyer of GOAL tokens in the secondary market. This will ensure platform liquidity and maintenance of GOAL token funds required for the rewards system give always and for selling to players.
Details of Token Sales & Allocation of Funds
ICO Begins: November 16, 2017
ICO Expires: December 15, 2017
- NAME : GoalToken
- SYMBOL : GOAL
- TOKEN PRICE : 1 GOAL : $0,0545
- SUPORT TOKEN : ERR20
- Hard Cap : $25,000,000
More Info
Ann Thread : https://bitcointalk.org/index.php?topic=2188598.0Website : https://goalbonanza.com/ico/en
Whitepaper : here
Facebook : https://www.facebook.com/goalbonanza/
Twitter : https://twitter.com/bonanzagoal
Telegram : https://t.me/joinchat/FbkvpwsImFz2HcZ9nHBvEQ
Linkedin : https://www.linkedin.com/company/24996762/
Reddit : https://www.reddit.com/user/goalbonanza
Author : mriansa
https://bitcointalk.org/index.php?action=profile;u=886049
