ZENSPORT: CREATING A BETTER SPORT BETTING OPPORTUNITY

Gambling goes as far back as the ancient Romanians who placed bets on between themselves during wrestling competitions or animal race events. I guess it’s a great thing that such an opportunity didn’t die as civilization took over. As time grew and this modern world we now leave in was formed, the gambling industry has been shaped and its currently estimated to be worth well over $400 billion.
There are many angles in which the gambling industry currently covers, but one which has proven to be the largest is the sports betting industry which on its own is worth well over $120 billion. Despite the benefits which the sports betting industry has brought for users, the industry is currently centralized and filled with a lot of challenges.
THE CHALLENGES
The following are challenges which has plagued users of various sports betting platforms:
• Outdated payment methods: the current sports betting industry is basically on fiat currency and operated using an archaic payment system which has resulted to high fees on funding and withdrawing from accounts, delays in deposits and withdrawers and in some cases fraud by some sports industry in cases where they never fund your account after taking the money or never giving you your pay-out.
• Limited types of bet: the current industry does not have the technology to offer a large variety of betting options or perhaps they just choose not to in order to increase their income flow. One of the betting options which will profit more of users and less of the betting industry is peer-peer betting, and currently in no sports betting industry offers this.
• Unfair odds: the current sport betting industry stacked odds in favour of the platforms in order to generate the most fees and revenue.
INTRODUCING ZENSPORT
ZENSPORT currently at the verge of exterminating all of the existing problems in the sports betting industry with its innovative platform. ZENSPORT is currently building a blockchain based sports betting platform which will facilitate a peer to peer betting opportunity and more.
THE SOLUTION
ZENSPORT is set to solve the problems of this industry with the use of blockchain technology, smart contract technologies and with the use of cryptocurrencies. ZENSPORT will posses its own cryptocurrency known as SPORTS Token which will be used in funding betting accounts thus reducing majority of the fees charged by the existing sports betting platform and also the delays which arise why funding users account.
The smart contract will be acting as an escrow service which should give betters the confidence that their funds will at all times be safe and never handled maliciously by any third party. Also, ZEDSPORT will also give bettors the opportunity to create any type of bet they choose and also set the parameters and odds for these bets.
Any member of the platform is given this opportunity to create these sorts of peer-peer bets on the platform and anyone else on the platform will be able to take these bets placed by others on the platform. Smart contract is also used in setting the rules for winning and losing in the peer to peer betting, in order to facilitate transparency, trust and fairness during all peer to peer betting.
FINAL THOUHGHTS
The platform will also have a self-reporting system which will be used in freeing ZENSPORT from having to frequently monitor betting results and pay-outs. The platform will also make using of a voting system in order to facilitate the resolve of any internal dispute between any 2 parties.
Website: https://www.zensports.com/
Telegram: https://t.me/ZenSportsICO
Facebook: https://www.facebook.com/TheZenSports

Writer: Sorento
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