Website: working, usability level is average
Investment tool: short term
Partnership: no information
Title: on exchanges since September 2018
Exchanges: CREX24, Graviex, Crypto-Bridge, Bitexbay
Coinmarketcap: №1042, cap 239 thousand $, bidding per day 817 $
A type: Coin
Platform: own blockchain BigchainDB, fork PivX
Mining: Proof of Work + Proof of Stake
Hash Algorithm: Xevan
Protocol:-
Emission: 50 million BTXC (pre-1 million)
Category: gambling
Competition / Uniqueness: average / average
Github activity: average
Social activity: average
Road map: to 2 apt 2019
White Paper: 13 pages
Jurisdiction: No information. Presumably RF
Team: Closed
Community: no way to rate
Bitcointalk: 14 pages
Making decisions: Centralized
Russian chat: Yes
ATTENTION!
This review is not an advertisement or recommendation for action, but is only informational.
Author Sergey Rad (T8 Rocket)
Description of the project
Bettex Coin is a coin of a decentralized betting exchange on its own blockchain. In essence, this is a p2p gambling platform.
Introduction
To be honest, for a long time I did not independently review coins that are already traded on the exchange - Vika mainly does this, for which she is grateful from the entire community. But I decided to do this review myself for several reasons.
First, of course, so as not to lose the skill
Secondly, the project looks like another Shitcoin, and many would have considered it as such without understanding, and yet there are a lot of chips here:
- it is also its own blockchain, built on the PivX fork - the coins of the TOP100 closing capitalization. The trick is that when making a shitcoin, developers who want to collect dough usually take more popular blockchains as donors - Bitcoin, Litecoin, Ethereum, or at least Bytecoin
- This is a nonICO model, which is uncharacteristic for recent projects that collect grandmas on a tokensale and merge. Here, of course, there is a premine and devFee, which allow developers to receive financing for the development of the project, but this is less dangerous than ICO
- and, most importantly, it POS-algorithm to achieve consensus, which allows you to earn on staking and even raise your own masternode without any problems. Here you need only 5000 coins at today's rate - a little more than 500 bucks and a regular computer with Windows or Linux. And it gives 484% per annum today. Actually, that's how I found this coin on masternod site
- Well, the fact that this is the scope of sports betting. I am not a player, but when launching our robot, which forks, I was not constantly left with the idea that the forks would soon become a thing of the past when the blockchain came to the industry tightly. And here he comes. But I think another year and a half we have to earn forks. In addition, it is an industry of half a trillion bucks and it can not fail to attract
The story of
So, the project is fresh - it appeared in 2018 and appeared on the radars of Coinmarketcap on September 15, 2018
As already mentioned, they did not conduct ICO, but previously naynili 1 million coins to finance the project and drove them to the stock exchange. Not the most top-rated ones of course, but it seems to be enough to run POS and Masternode
Slightly more than 100 thousand dollars gave the event to the developers, but this is enough to launch the exchange (for more details, see the business model section). And if they carried out ICO, they would put 10 caps on it
It is very remarkable that usually such coins are lying somewhere below 1 satoshi, and here almost 2000 satoshi is the price and there were times when the rate went up almost to 3500
And given the low trading volume and non-equity exchanges, the coin is very volatile and may be of interest to both traders and stakers
Business model
This is a betting exchange. That is, unlike the current model of betting through bookmakers (where there are surebets) - this model has a number of advantages and, apparently, over time, it will completely replace bookmakers
- there are higher ratios
- and the amount of the bet is unlimited (players understand what they are talking about)
But ordinary exchanges also slow down development without a blockchain and have a number of problems:
- regional or national orientation (limitation in the use of payment systems) - the problem of processing. And here is the problem of restricting access in different countries
- high commission on input / output associated with banks.
- and most importantly, complex mandatory verification (again, the banking topic)
- Well, plus fault tolerance, transparency, anonymity (due to the PivX blockchain)
And so the guys decided to stir up an exchange on the blockchain, where their own cryptocurrency will be a means of payment and the whole project consists of 2 parts - this is an exchange and this is a cryptocurrency
As for the blockchain, in addition to the fact that the coin ecosystem is made on the basis of PivX, which is distinguished by its anonymity and speed - here the guys went even further in creating the database blockchain and synchronized Tendermint - this is a low-level blockchain engine with a fail-safe BFT consensus - the task of the Byzantine generals (familiar with EOS)
Uses a similar thing Cosmos project and this technology can handle more than 1000 transactions per second
In other words, there are 2 blockchains - for a payment coin and for a database
Mining
It is very interesting here - as I already said, there was a premine up to 800 blocks using the POW algorithm - then only POS-mining with a 20% share of the reward operates.
To earn, you need to have from 1000 coins in your wallet
The remaining 80% take for themselves masternodes that rise from 5000 coins
And there is also DevFee reward - developers take a 2% commission that platform users pay for transactions
Coin rate
BTXC Course on 29.09.18/0.09/39 it is equal to $13 (moreover, in a few hours while the review was being written, it fell by XNUMX% from XNUMX cents - traders will like the volatility)
Capitalization 171 thousand $
Daily trading $ 746
Maximum amount tokens 2 196 677 WTC
In circulation is 1 834 060 WTC
The maximum was 21 cents on September 23 - the falling trading volume indicates either a lack of interest on the part of traders (because the coin is on low-liquid exchanges) or the interest of stakers who hold coins on their wallets
The schedule for creating a master node is growing - so we can assume that people are holding coins and with the proper level of PR and paying attention to marketing (which, by the way, is not there at all) - it may well push the rate up. But it is not exactly
Team
We don’t know anything about the team except this - it was verified by the KYD service, but the guys remain anonymous
Prospects for 2018 year
In the 3 quarter, according to the plan for listing on nettop exchanges, they move quite actively (hereinafter in the section where to buy) on the masternodes. In general, it’s very interesting that with such a low trading volume, they were listed on my information platforms including coinmarketcap
In the 4 quarter, 2018 promise to show alpha exchanges and in the 1 quarter beta, mobile wallets and listing on 2 level exchanges. In the 2 quarter of next year, everything will be ready and top exchanges
Honestly, they obviously lack marketing (except for banners on masternode.online)
, but while moving and the strategy is extremely interesting. There are not enough stars from the sky - they are listed on stock exchanges with little liquidity, and with the help of voting
As for real work, there is a github, where the activity is not very high yet, but it is clear that the project is not abandoned
The minnet is already running, but the transactions are strangely identical.
But as you get closer it’s clear that these are POS rewards
Where can I buy
Everything is on the coinmarket and koingeko, except for the 1 exchange
Where, by the way, the daily volume is almost 6 cue ball and the price of 3444 satoshi
Where to store
The guys have their own wallets
With their help, POS mining and masternodes are launched. We need to buy on the stock exchange and drop it at your address and go
investment decision
The obvious shortcomings of the project are the closeness of the team, the absolute absence of a competent marketer in the staff, and communication with the community. Own blockchain with obvious advantages, but its architecture is not described at all. How this works we can only guess. But at the same time, focusing on a huge market and specific blockchain solutions are obvious advantages. Increasing the number of master nodes and POS mining with proper PR can do the trick. To create a shitcoin, a scammer would choose a more popular fork and a more popular topic and spend the money not on listing on exchanges, but on advertising in order to collect the dough. The guys move slowly, but apparently honestly, which is good news
The roadmap is not stretched, the mainnet is running, volatility is present - you can trade in the short term, or you can launch a master node in one click. But no more than 1-2% of the portfolio in order to diversify
Good luck team
Express your opinion in the comments and study the project, because in the near future we will play 500 bucks among commentators and in a quiz on knowledge of the project