Betform: Social Betting Platform Powered by Smart Contract

November 26, 2018

Betform is a new generation of online-casino betting platform powered by the blockchain technology. Betform is designed to support a peer to peer gaming. Using the platform, the need for middlemen is naturally gone.

Betform uses blockchain technology to create a gaming network that houses traditional functions such as paying out winning and offering quarterly rewards. This, however, is managing through the use of smart contracts.

With any gaming platform comes the discussion as to which currency will be utilized and, in this case, it will be Betform’s native token, the Betform Coin (BFC). BFC is an ERC20 based on the Ethereum blockchain. All gaming activities envisaged by the Betform solution will employ this coin.

Betform Games

The platform offers numerous types of casino-betting games. But planned to have several more games to deploy. Some of them include:

Mah-jong (Chinese-based board game)

Big Two (Chinese-based card game where the winner is the one who plays all his or her cards)

Texas Hold’em

Betform Platform Features

Smart Contract

Smart contracts will ensure that winners are paid instantly in a transparent way.

Social Features

Social features will help users stay in touch with each other and make new friends.

Cryptocurrency Integration

The Betform platform will integrate an ERC20 Betform Coin (BFC). All gaming activities envisaged by the Betform solution will employ this coin.

Developing Platform

Betform will also integrate selected games and apps developed by third parties. Companies and gaming operators will be able to add their multiplayers games to the Betform platform.

Provably fair gaming

Users can access game history at any time to confirm outcomes. Betform's PRNG is tested and certified by a reputable test lab.

Regulated

The platform will operate in accordance with regulations

ERC20 Compliant Wallet

Users will have wallets for easy management. The wallet will allow users to easily obtain the Betform Coin, the App will be interlinked with third-party exchanges via their APIs.

Daily & Weekly Rewards Program

Betform offers daily and weekly rewards for loyal players. The rewards can be spent on app customization (music, background, etc.).

Betform Token (BFC)

The Singapore based company is currently launch its BFC token Initial Token Sale. BFC token is an ERC20 based on the Ethereum blockchain. All gaming activities envisaged by the Betform solution will employ this coin, i.e. users will need to carry out transactions and place bets in BFC.

The Betform Initial Token sale will begin on January 8, 2019. There will be extra tokens offered as a bonus for users who commit earlier (early-bird bonus). The funds raised by the ICO will be used to redevelop and upgrade the platform and its system architecture so it can comfortably cope with the millions of players heading the way.

Token Details

Token Symbol: BFC

Token type: Utility token

Platform: Ethereum

Standard: ERC20

Total Supply: 240,000,000 BFC

Token for Sale: 96,000,000 BFC

Open Sale Start: January 8, 2019

Token Price: 1 BFC = USD 0.10

Hard Cap: USD 9,600,000