XWIN ICO Offers Investors Opportunity For Revenue Sharing And Co-Ownership
Originally published on: CCN
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January 23, 2018
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XWIN, a transparent betting site whose mission is to provide the most convenient platform in the crypto betting industry, offers an unprecedented opportunity for revenue sharing, allowing investors a chance to be a co-owner of the world’s first crypto-bookmaker and receive 100% of net income. (56 kB).
As a betting platform for sporting and other events with revenue sharing governed by an Ethereum smart contract, XWIN promises safe and convenient access for betting on any type of event.
Investors will have access to XWIN tokens during the platform’s development.
The XWIN ICO itself operates on an Ethereum blockchain smart contract, ensuring transparency, safety, sustainability, 24/7 control and streamlined investment potential.
The ICO, which is currently under way, will issue a limited number of tokens, of which 80% will be for players and investors.
The cost of one XWIN token is 0.00475 ETH.
• 20% of the tokens will be available for the founders one year later.
• 80% of the tokens will be for the open sale.
• XWIN promises safe and convenient access for betting on any type of event.
A Versatile Platform
The XWIN CryptoBet platform will allow for betting on football, hockey, tennis, basketball, motorsports, badminton, baseball, biathlon, boxing, volleyball, handball, darts, E-sports, politics, rugby, mixed martial arts, snooker, chess, show business and other games.
All bids, bets, games, payoffs and results are recorded in the smart contract and verified against several sources of information, preventing errors during the transfer of bets and results to the smart contract. Users will be able to verify the results in the XWIN.io interface or through the XWIN API. They can also verify results through any wallets and web interfaces in the Ethereum blockchain.
The platform will deliver margins from 6% to 20% of the betting rate. The margin will be credited to the smart contract account and managed autonomously. The margin will be distributed as follows: 25% to guaranteed payments to the players; 35% to marketing; 20% to administration; 20% to investors.
XWIN token holders will be able to sell tokens, redeemed directly by the smart contract, at any time at a nominal price.
Third party counterparties will connect to the XWIN platform using tokens, which are used to account for all transactions on the Ethereum blockchain. Bookmakers, casinos and rating games can gain automatic access to information such as betting odds, settlement services and betting contracts.
Users can verify the results in the XWIN.io interface or through the XWIN API. They can also verify results through any wallets and web interfaces in the Ethereum blockchain.
The XWIN ICO provides early access to the market. The ICO, now nearing completion, now offers an opportunity to receive 5% of net income from the XWIN bookmaker.
A Growing Opportunity
Online betting, one of the fastest growing forms of entertainment, will exceed growth expectations thanks to the implementation of blockchain based betting platforms. The income from online betting will grow by nearly 12% annually, according to H2 Gambling Capital.
Thus far, 584.1729 ETH has been raised in the XWIN ICO, amounting to $2,689,628 USD and 194.9074 BTC.