By HM - MN.Investments content producer, Midas.Investments
Midas announces the listing of Betxoin (BETXC) to the Midas platform as an Instant Share. Invest today to receive instant rewards.
What is BETXC and what does it offer?
You have seen how the internet disrupts industries such as consumer retail or entertainment. You have also witnessed how blockchain technology is challenging traditional financial services such as payment protocols and insurance businesses. Betxoin is another project that aims to leverage on blockchain technology to deliver an online betting platform for almost anything that can be betted on or against.
The traditional betting or bookmaking business requires transaction records to be accurate and reliable for all participants. With the decentralized nature of blockchain, online betting becomes a possibility for any ambitious startup to disrupt the space and capture a portion of the market share. Like the Bitcoin protocol, a record of who and what is at stake is protected with the application of blockchain technology.
Betxoin is a little different from most other masternode projects in that it already has a product for demonstration before the presale period. According to the team, the Betxoin platform is operational and supports several sport events as well as esports. Even political events are up for wagering on the platform - presidential or local government elections.
In the early stage of development, the team has worked on the basics like website, wallet release, listing on exchanges and tracking services, etc… In later stages, Betxoin wants to position itself as a friendly betting platform for both cryptocurrency veterans and regular players from all corners of the world. The team plans on integrating a built-in exchange on the platform. Details about what fiat currency or coins are supported is unclear at the moment.
All activities on the platform will need to be transacted in BETXC. The coin is supported by the proof-of-stake consensus algorithm and a network of masternodes. The project also inherits privacy features from upstream like anonymous sending and receiving. The masternode ownership provides another source of income, in addition to your winning money if any.
As always, follow the team on their Discord server for the latest information and progress.
Team is anonymous.
Where can I purchase BETXC?
20 masternodes are available for sale on Discord. First 5 nodes is priced at 0.30 BTC per node. After that, 0.5 BTC each.
For investors coming through Midas, a special discount is offered at 0.25BTC per BETXC node.
Staking package: 0.03 BTC for 100 BETXC
Exchange: negotiation in progress
Total supply: 21,000,000
Consensus algorithm: Quark/MN/proof-of-stake
Masternode collateral: 1000
Block time: 60 seconds
Block reward: variable reward with MN/PoS split of 80/20. After block 500,001, block reward is reduced 10% annually.
Can I get more information about BETXC?
Why have Midas offered BETXC to our community?
Midas have identified 2019 as the year of utility - projects can no longer exist solely by offering high masternode rewards to investors. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plausible application in real-world use cases in sectors that blockchain is poised to disrupt.
Do you want to become a Midas partner?
Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.