BET BOX : BET ON ANYTHING AND EVERYTHING !

Blockchain, is a new and active trading tool in information technology, that is changing the world economy. It is a distributed database model that acts as a book keeping platform and manage transactions.

In other words, blockchain is a arrangement of blocks containing information. It is a public accessible account utterly open to everyone. Rather than the use of a central chain management element, blockchains uses peer-to-peer networks which anyone can join and own certain part of.

Blockchain technology brings greater trust, enhanced security, improved traceable transactions, efficient and fast. Cryptocurrency transactions, which are based on blockchain technology, blockchainn technology affects the economy and business transactions on a global scale. These allow instant, secure, anonymous and peer-peer payments all over the world as well as help to prevent corruption and money laundering.

Cryptocurrency payments are transparent, independent and insulated from third parties (such as banks and other financial institutions) and allow to significantly reduce transaction costs. The effects of Cryptocurrencies’ on present and future world is unquestionable and promising, as they are going to drastically revolutionize various industries, including IT, Gamble, medicine, economy, politics, law, and many more. Cryptocurrency exchanges - this is a fundamental tool built for the purpose where by there is easy assess were you can buy/sell and earn on transactions with cryptocurrencies. It is proved by rise in the need to transact in cryptocurrency, exchanges and their daily importance nowadays. The per day volume is 31 billion USD for trading. 0.5% commission on average allows exchanges to earn tremendous money.

Since the inception of cryptocurrency and the bitcoin technology, there has been different platform and trading for blockchains, we know that the bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency that doesn't need the regulations of a central body i.e a central bank or any form of administrator, it can be sent from user-to-user on the peer-to-peer bitcoin network without the help or need need for intermediaries.

The real essence of blockchain and cryptocurrency is to distribute decision-making powers from central authorities and big powerhouses through decentralization. One of the more interesting features of cryptocurrency is that it can’t be controlled by any middlemen or authorities.

Betbox’s core is built on Ethereum public mainnet to enable ETH wagering and to guarantee full transparency and security within all automated processes. Development with “React Native” technology allows us to provide a full-fledged access to betbox features whereas all money-related tasks will be handled by smart contracts on the Ethereum public Mainnet itself.

main focus is to address our product to the mainstream and not only to cryptoenthusiasts. A necessary step to reach a large community, besides providing an easyto-use mobile and web application, is to enable FIAT transactions within betbox. As our ecosystem is built up to handle native ETH and also ERC20 Tokens we can easily adapt our product to introduce traditional assets in the network as soon as all regulatory aspects have been cleared

Betbox caters for all that is included in the gaming and betting lifestyle;

Individual Bets
Create individual bets for you and your friends or in public and become the king over betbox. All bets can be placed in cryptocurrencies and soon also in FIAT.

Personal Challenges
Set up crazy challenges and get 10% of the jackpot as a reward for the achievement. Everyone can predict if you can hold your word with a bet on or against you.
Live Feed

Decide what activity you want to see and customize your feed according to your preferences. With this feature you always see which bet is going crazy and maybe also peak on your friends challenges.

Secure Wallets
Our wallets provide the latest security features to store your assets. Even with few technical know-how you can easily manage your assets remotely from your device.

Trustless Book-Maker
Our SmartContracts work without a centralized party and guarantee a fair and honest distribution of the jackpot. The voting mechanism is secured by Verity; a decentralized oracle.

Earn money
In betbox there are several ways to earn money. Either you participate in the voting, accomplish personal challenges or you win a lottery or gambling game.

BETBOX ECOSYSTEM

After the creation of our basic decentralized infrastructure we now focus to bring betbox to the people around the globe. In the next few months our UI/UX department will create simple-to-use yet entertaining e-venues to features in betbox.

NATIVE CURRENCY «OX» : Betbox introduces its native currency OX to the betbox ecosystem. OX will be used as means of payment and will be utilized to participate in certain features and bets and act as staking currency to obtain a distributed Proof of Authority network. The OX token mechanics are unique as we introduce a Proof of Activity minting process within the ecosystem. To moderate the infl ation of OX, the circulating OX tokens of volunteering users may be burned in return for ETH each quarter of the year.

SMART CONTRACTS : Betbox aim is to fully decentralize the backbone of the environment provided to users. Therefore, we developed a smart contract bundle based on Solidity performing all actions within betbox in an immutable and transparent way without risking any attacks. The smart contracts will be deployed on Ethereum public Mainnet to ensure the reliability and availability of the platform.

RNG : The main characteristic with RNGs on Ethereum public Mainnet is, that EVM execution results must be reproducible. This is required for other nodes to verify that a miner has properly executed a contract call. This prevents the use of an ordinary RNG, which usually employs a secret seed. The reproducibility requirement demands that the seed is known to all nodes, but knowing the seed makes the RNG completely predictable. One way to work around this issue is to utilize pseudo-random information from the future. A source of pseudo-random information can be considered the block hash. The block hash is hard to predict prior to the block being mined, considering that it has to fi t the diffi culty criteria in order to be accepted. An important requirement is that the pseudo-random information needs to be from the future, since past block hashes and/or other pseudo-random information from the past is already known to everyone. In order to meet the requirement, the RNG result is scheduled to be obtained once a future block is mined.
The basic RNG is built out of two functions: · Generate(waitBlocks) · GetResult() The Generate() function schedules a RNG call who’s result can be obtained only after “waitBlocks” number of blocks have been mined. This ensures that when the Generate() function is called, the hash of the block is not yet known. Calling GetResult() before “waitBlocks” number of blocks have passed returns an error.

ROADMAP
Q4 2018: • Private Pre-Sale • Participation Ticket Lottery • Release of Alpha on the mainnet and expandation of betting infrastructure • Private Sale and TGE

Q1 2019: • Release of dApp beta for Android and IOS • Release of webApp beta on Mainnet • Release of several new features and games

Q2 2019: • Release of Live dApp on Mainnet • Release of Live webApp on Mainnet

Q3/Q4 2019: • Release of POA OX-sidechain with distributed OX-nodes • Enabling of relay between Mainnet and OX-sidechain • Release of new dApps and features in betbox for OX-sidechain

• FIAT integration 2020: • Release of global work bench for community driven development within betbox in return for OX Tokens and commissions.

**THE TEAM **

Website : https://betbox.app/
White paper : https://betbox.app/required/lightpaper-v1-betbox-decentralized-betting-app.pdfUser name
Bounty0x : sobaint1