Betcrypto24
The World's FIRST
Bet Exchange
Powered by BLOCKCHAIN
Huge Gambling Market
Project Date: Apr-Jun 2018, München | Project Type: Smart Contract (Side Project) | My Role: UX & UI Design
The "Betcrypto24" launched during the WorldCup 2018. You can find running link here: https://betcrypto24.github.io/
In 2017, the global gambling industry was over $530 billion. If you count various black gambling markets, the scale is over US$1 trillion.
According to surveys, the gambling money from mainland China flowed overseas is more than 600 billion yuan per year. It is around 1.5 times the total amount of Chinese national lottery issued each year. In the report of British Economist data, 37 out of every 100 gamblers or lottery players in the world are from China.
Therefore, in the initial plan of this project betcrypto24, the huge Chinese market is one of our focusing markets during the World Cup 2018. The website is available both in English and Chinese based on your browser settings.
Pain Points of
Gambling Websites
Since the birth of gambling, cheating and fraud occurred frequently. The information between the dealer and the player is asymmetrical. There is no fairness.
There are thousands of gambling websites, and many of them are black platforms. It is always very smooth to transfer the money and bet. But once you want to withdraw, it is challenging. Some websites even have Trojans hanging on them, which directly harms users' fund safety.
Besides these black platforms, most reputable Chinese gambling websites set up servers abroad and recruit a general agent in China.
After the general agent gets the permission of the website, they will find the shareholders according to the provinces and cities. The shareholders will start to look for the dealers. Inside the pyramid structure, and each floor takes a commission fee, which reduces the winning quite a lot.
Decentralized,
Fair and Open
We want to create an open, secure, and decentralized platform with exploring the newest technology potentials.
Betcrypto24 is aiming to make the betting process as less step as possible. By visualizing the important content on one screen and the CTA in a modal to create a transparent feel. With the support of Smart Contact and Ethereum network, the user doesn’t need to worry about withdrawing their winning. Everything is recorded and announce to the whole net.
To attract more engagement of the user, Betcrypto24 establish a Referral Program, a user can share the unique link with others. Once the invited people place their bets through the link and they win, both (user and invited people) will split an additional 1% of the profit.
The more users share, the more likely they will earn. We hope with this link to create virus fission among social media.
The article about the Betcrypto24 on a KOL platform won more than 10k viewers.
