XWIN.io Uses Ethereum to Replace Bookies in Sports Betting
References: xwin.io & thenextweb
Though platforms like daily fantasy have made sports betting immensely popular and profitable in recent years, XWIN.io has the potential to make sports betting even easier and more approachable while simultaneously removing the less reliable aspects of traditional betting services (such as bookies). Rather than leaving all responsibility in the hands of the bookie, the platform uses the Ethereum blockchain to guarantee bets based on smart contracts.
When placing a bet on XWIN.io, betters receive information on every contingency surrounding that bet through a smart contract. Because that contract is mirrored in the Ethereum blockchain, people can be completely confident in the veracity of the deal.
XWIN will also come with a referral system in which referrers can receive up to six percent of the amount that referrals spend with their initial round of tokens.
When placing a bet on XWIN.io, betters receive information on every contingency surrounding that bet through a smart contract. Because that contract is mirrored in the Ethereum blockchain, people can be completely confident in the veracity of the deal.
XWIN will also come with a referral system in which referrers can receive up to six percent of the amount that referrals spend with their initial round of tokens.
Trend Themes
1. Blockchain-based Betting Platforms - XWIN.io utilizes smart contracts on the Ethereum blockchain to enhance the reliability and transparency of sports betting.
2. Decentralized Gambling - The use of blockchain technology in platforms like XWIN.io challenges the traditional role of bookies and introduces a more decentralized approach to gambling.
3. Referral Systems in Betting - XWIN.io's referral system incentivizes users to refer others by offering a percentage of the referred person's spending, exploring a new way to promote and grow the platform.
Industry Implications
1. Sports Betting - Blockchain-based platforms like XWIN.io disrupt the sports betting industry by eliminating intermediaries like bookies and ensuring transparency in the betting process.
2. Cryptocurrency - The integration of Ethereum blockchain in XWIN.io highlights the growing intersection of cryptocurrency and gambling, providing innovative solutions for secure and reliable transactions.
3. Digital Gaming - The use of smart contracts and blockchain technology in XWIN.io introduces a novel approach to gambling that can potentially extend beyond sports betting, impacting the broader digital gaming industry.
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