BITGOALS: Decentralizing The Sport & Betting Industry.

in #bitgoals7 years ago (edited)

The society has a good reason to believe in people who have been gambling on the positive outcome of vast sports events ever since organized sports events started taking place. Although regardless of when it all started, it’s a fact that sports betting is very huge business today. The game is being enjoyed by literally millions of people all over the globe. Most of these people bet every time, while some bet on a seldom basis. It is just fun to some people, while it is a serious business to others and they put real effort into trying to make good money from the system.

Several reasons can be listed out why sports betting is so popular, but the risks involved are so close. The risks connected with gambling have led to a lot of negative connotations which has also been associated with gambling. During the ancient Greek times, there were special philosophers who had seriously warned of the dangers of game and sports gambling. History has also shown how people look to it as immoral or depraved.

Due to the bad results and oppositions to sports betting, over the years, many countries around the world has put a ban to it, one time or another. These bans have succeeded notoriously. They usually refer to unregulated and illegal underground betting which lead to more serious problems.

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BitGoals aims to be an efficient betting platform where all problems relating to betting will be solved, with innovations that will allows users to connect to all available games via one simple platform, have access to a limitless betting and make
today's sports betting to be generally considered as socially acceptable activity.

What is Bitgoals ?
BitGoals is a platform on blockchain technology that has been developed to reward its active users and to incentivize the sports and betting industry. With the use of smart contracts, there will ensured and reliable transactions while emphasizing a fair ecosystem for sports and sports fanatics.
The Bitgoals team members have long time experience in sport and gaming industry and handling problems facing the industry was a collective idea which can only be solved with the innovation made by blockchain technology and smart contracts.

Due to numerous existing concerns in the betting industries like long registration processes, prolonged payments, lacking data storage, high fees, and limitations on betting amounts, there was a reason to come up with BitGoals and its native token, the Sports Token Protocol (STP) which will generally eliminate all challenges by decentralizing the entire process.

Advantages Of BitGoals Platform

  • The smart contract system eliminates all the fraudulent probabilities, leaving the BitGoals platform for simple registration and easy participation in any of the draw games.

  • Every user has the ability to use as much funds as possible due to no limit in betting amount for players because of the decentralized nature of the platform.

  • Unlike other traditional or centralized betting platforms, the BItGoals platform allows almost instant payouts with no need for billing systems or payment cards.

  • The BitGoals platform is fully independent from regulations, because regulations leads to obstacles.

With respect to the STP token, it will be only distributed on demand. STP will be swapped for either Ethereum, Bitcoin or Bitcoin Cash, while some STP will be given out to founders, team incentives and other bank roll funds. Bitgoals platform will be powered by an ERC20 compliance utility token on Ethereum blockchain called STP token. All transactions will be based on this STP token. Bets on the platform will be placed STP and all winnings are paid out in the same tokens including other form of development, bonus, incentive and rewards.

BitGoals Useful links:

Website: https://bitgoals.com

Whitepaper : https://bitgoals.com/wp-content/uploads/2018/05/Bitgoals_WP.pdf

Twitter : https://twitter.com/BitGoals

Facebook : https://www.facebook.com/BitGoalsSTP

Telegram : https://t.me/BitGoals

Ann Threads BTT : https://bitcointalk.org/index.php?topic=4368582

BitcoinTalk Userame: Xpency
BitcoinTalk Profile Url: https://bitcointalk.org/index.php?action=profile;u=1800192
Eth Address: 0xc557DCD92078aAa41F51f46157a02dB8B2074d79

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I totally agree that sports betting has become a massive part of not just the sports culture but also the economy. I've enjoyed watching sports for years and find that placing a casual bet can make a game even more exciting. It's fascinating to see how this practice has evolved since the early days. Like, do you think the rise of technology and online platforms, like https://1xbet.co.ke/ has changed the way people engage with sports betting? I'd love to hear what everyone else thinks about its impact!