Transparent betting platform for sporting and other events with revenue sharing using the decentralized smart contracts on the Ethereum blockchain.
- ICO Time:
- 01.01.2018 - 30.01.2018
- Alexander Semin
- - Partner, Two-time world champion
- Artem Baikov
- - CEO
- Vladimir Kiryanov
- - Co-owner, director of strategic partnerships
- Ilya Greenstein
- - Co-owner, director of the sports analytical group
- Eugene Salitrynskiy
- - Director of Software Engineering and Development
- Vyacheslav Posconin
- - Blockchain-expert, Solidity developer
- Vadim Litvak
- - Leading UI / UX designer, interface designer
- Dmitry Kronberg
- - Candidate of Physical and Mathematical Sciences
- Vladimir Zhitov
- - A financier, an entrepreneur
- Driga Aleksander
- - Consultant on ICO issues
- Julian L. Zegelman
Bookmaker is a specialist who accepts cash bets on results of sports games (horse racing, football, running, etc.), financial, cultural, weather, political and other events. The bets are accepted on certain conditions, with the pre-determined rules of payout.
Advantages of betting with XWIN:
- Guaranteed payments by the Ethereum smart contract;
- Transparency of transactions and payments;
- No account lock-outs due to frequent wins;
- No account lock-outs due to arbitrages;
- Absence of individual reduction coefficients;
- Simplified registration;
- Absence of infrastructure risks related to technical problems with equipment and interruptions in Internet access;
- Absence of risks of funds embezzlement;
- Absence of restrictions on access to the investment funds;
- Information security and confidentiality;
- Cross-border betting;
- Stability of XWIN is determined by the entire network of the Ethereum blockchain;
- Security of funds (the players' accounts are placed on the smart contract account and are managed autonomously);
- Continuous monitoring and control of the better’s account transactions (constant control over the player's funds, 24/7/365 availability from any place in the world and from any device).
The Ethereum blockchain and smart contracts is a dynamically developing technology for investing, settlement of transactions online, and now for betting as well. It would not be right to disregard the advantages this technology has to offer.
XWIN smart contract performs the functions of an arbitrator that autonomously and completely independently fulfills the terms of agreement. In other words, if the bet was made using the smart contract, the conditions prescribed in the smart contract should be met 100% regardless of the desires of the parties. The better who places the bet with XWIN, receives information about all conditions, and subsequently these conditions cannot be changed, since they are written in the smart contract. The payout amount is locked on the account of the smart contract at the time of placing the bet and cannot be expended or spent prior to the settlement. None of the parties can make changes to the bet that has already been placed, and spend the prize fund. Thus, XWIN is the first and currently the only bookmaker, largely protected and safe from the traditional bookmaker market, and creates real alternative option.
XWIN was established based on the technology of blockchain and smart contracts. It provides an opportunity to make bets in the crypto currency and do it in a comfortable, convenient and, most importantly, safe way.