BETTERBETTING - Provides A Global Liquidity Pool To Be Used By The Targeted Market Makers And Bettors

Hallo all, in this new dipostingan I will introduce about BetterBetting project. and for more details please follow some of the following links:

Overview

The Better Betting Foundation relies on effective technical implementation to achieve its goal of providing Global Betting Liquidity Pool. Along with the development of business needs, technical inquiry has been conducted with the aim to find the optimal technical solution. Basically, the intention is to provide a pool of global betting liquidity for use by targeted market creators and bettors. In principle, anyone can make a Bet Offer based on a real sporting event, this is more traditionally known as a bet.

Each Bet Bet will be grouped by market and event and listed in a searchable directory. Bettors who want to place bets can then search in the directories and find the bets they want. The betting acceptance process then involves blocking Ethereal to keep an agreed bet contract that also holds shares and liabilities in escrow - the system will use self-issued token bets (BETR). When the event is over, the bets associated with the event can be completed. To settle the bet, the result of the selection must be determined.

The smart bet contract will contain information on the parties that will supply the results of the selection. In the case of bets offered by this sports book generally it is Bet Offer Creator (bet bet). Another solution is to point third parties to the results (this can be a data feed) or designate a special 3rd party node that is a knot node - it will complete according to a set of rules based on all other similar settlements.

One Application and Two Linked Systems

The Ethereum Network will be used for the management of bet contracts and BETR tokens and interfaces to other systems above it to provide UX to Bet Offerers and Bettors by running betting directory services as distributed databases. This system we call 'Better Betting Node' (BBN).

BBN is a downloadable app that is installed on a user's device and includes an ethereum wallet. This is similar to blockchain applications as far as operating without central servers and nodes communicating with each other to maintain the state of the database. BBN does not need to store data indefinitely, and that is one aspect that distinguishes it from standard blockchain networks where each node (or miner) stores a full copy of the transaction ledger.

How it Works for Everyone

There are two parties who bet. In our terms, we call the party that created (or put) a Bet 11 Offer a BET CREATOR. Traditionally this would be a sports book but in our case, anyone could be a Creator Bet. On the other hand, the party who took the offer offer (or part of it) is called BETTOR.

From the point of view of Bettors, they basically want to see a list of sporting events and betting options with the available obstacles and limitations. By selecting a bet option and applying the bet amount, a bet can be made. For CREATOR BET, they want to be able to create a Bet Offer series with betting options, opportunities and limits (maximum risk exposure) and place them into the betting directory so Bettors can select them as above. It is predicted that a standard BBN API will be created that allows Creator Bet to integrate directly with their own system so that it offers automatic offer of creations.

Above all this system needs to know when the sporting event is scheduled and when the results. To do this, the same APIs available for sports books can be used to link samples of BBN and data feed providers. This will facilitate the creation of automatic events, markets and selection and can also facilitate the results. One of the main features of the directory is to provide Event ID, Market and Selection so that event data can be paired with the betting creator system. The Event ID will include the Primary Feed Provider ID and may also include the Creator ID.

Structure of Three Layers of BBN

To provide a technical solution to these requirements, a three-layer application is considered which can be described as follows:

ICO and token sale

At least $ 2 million, a maximum of $ 30 million will be raised through token publishing. This fund will be used for

• Better bet protocol development and release
• Development and open source software dapps and nodes
• Marketing to key stakeholders and consumers
• Legal and administrative costs

Roadmap

650.000.000 Token  - The amount of BETR is limited and can not be increased after ICO.

Design and Setup

October 30, 2017 - Preparing for launch, PR, Corporate Technology.

General Sales

December 15, 2017 - Start General Sale

Betting API Launched

March 2018 - The Initial Betting API defines the Token Encapsulates API. Bets can be placed using tokens

Authentication and Identification

July 2018 - Launch of Applied Layer of Authentication Introduction

Bookie Dapp

September 2018 - The reference code for the Bookie app is released

Directory V2

October 2018 - True decentralization comes to Directories

Launch and Presales

22 November 2017 - Public Announcement, Website is live, Active marketing begins. Presales began to institute. Count down to General Sales.

Token can be traded

January 2018 - Late ending for Public Sales if it does not end sooner Tokens can be traded within 2 weeks

Directory V1

May 2018 - First version of Better Betting Node released

Betting on Dapp

September 2018 - The reference code for Dapp bets is released.

For more details and join the current Better Betting project please follow some of the following links:

WEBSITE, WHITEPAPER , FACEBOOK , TWITTER , TELEGRAM

MY BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1308879