Betform ICO logo
Website

Betform ICO

ICO
Past
Jan 08, 2019 – Jan 31, 2019

Betform is a decentralized social betting platform.

By investing in this business you agree to our Disclaimer

Betform ICO ratings

ICObench.com Betform icobench 3.9 / 5
ICOmarks.com Betform icomarks 6.3 / 10
TrackICO.io Betform trackico 4.6 / 5
ICOholder.com Betform icoholder NA
Our rating
7.8
Claim admin rights for this project

Overview

Project industry Gambling & Betting
Product type Platform

What is Betform

What is Betform

When we as the co-founders of Betform got together to start this company, it was our vision to have assets on the blockchain gaming be not only available to professional players, but rather something that can be used by any individual players in the social way and for fun.

At Betform, we strive to offer the user access to as large as possible a range of blockchain games at a maximum degree of convenience, while adhering to the highest security standards in the ecosystem.

We are able to do this by connecting blockchains, leveraging on the smart contracts, and Payment Channels, which works in a completely secure, instantaneous and low-cost manner. For further information, please refer to the whitepaper in respect thereof, accessible.

What is an Initial Token Sale?

An Initial Token Sale (ITS) is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for funding. For the party offering the tokens for sale, this has become a well-documented and well-respected way to raise funds to upscale an existing product or service.

The sale by the Distributor of Betform Coins in connection with an Initial Token Sale (the “Betform Initial Token Sale”) to you as a purchaser thereof, will be subject to and governed by the T&Cs - which is a separate document setting out the terms and conditions of the agreement as between the Distributor and you in relation to the Betform Initial Token Sale. This Whitepaper is not incorporated into and does not form part of the T&Cs. In the event of any inconsistencies between the T&Cs and this Whitepaper, the former shall prevail.

The Distributor is M@W or affiliate or any other person designated by M@W from time to time and will deploy all proceeds of sale of the Betform Coins to fund Betform’s cryptocurrency project, businesses and operations.

General Token Sale Overview

On January 8th 2019 starting at 9PM Singapore Time (see the applicable commencement times in more time zones above), we will offer 40% of all Betform Coins to be created for purchase by the public in the Betform Initial Token Sale under the ticker symbol GEM. A further 43.9% of all Betform Coins to be created will be distributed to identified investors. The remaining 13.5% of Betform Coins to be created will be distributed to Betform’s founders, employees and early investors as an incentive to ensure long term alignment of interests and commitment to the tokens and their future value and also for future business development and development. Further details of the distribution of tokens are set out below

Each Betform Coin will be sold for 1/4000 ETH, meaning 1 ETH will give you 4000 Betform Coins. There is a minimum purchase amount of 500 Betform Coins per purchase.

We will accept a maximum (fixed limit) of 24,000 ETH, for purchase of Betform Coins in the Betform Initial Token Sale. The Betform Coins created for such maximum amount contributed will in turn represent 40% of all Betform Coins. Should this amount be reached before the end of the sale on 4 January 2019, 8.59pm Singapore Time (UTC+8), which is 4 weeks after the token sale commencement date, we will cut off the sale.

Please note that we will not create any new Betform Coins after the Betform Initial Token Sale.

Details

Pre-sales: Oct 01, 2018 - Oct 31, 2018
Public sales: Jan 08, 2019 - Jan 31, 2019
Pre-sale token supply: 105,250,000 BFC
Token supply: 96,000,000 BFC
Total tokens for sale: 240,000,000 BFC
Soft cap: 1,500,000 USD
Hard cap: 16,900,000 USD

Legal

Blockchain Platform: Ethereum
Country limitations: Singapore, United States,
Registration country: Singapore

Token info

Ticker: BFC
Type: Utility-token
Token price in USD: 1 BFC = 0.1 USD
Accepted currencies: ETH
Bonus program:
First 24 hours: 20% bonus
Day 2 and day 3: 10% bonus
Day 4 to day 7: 5% bonus
Day 8 to day 14: 2.5% bonus
Token distribution:
43.9% - Presale
40% - Open Sale
11% - Founders
2.5% - Team
2.6% - Bounty & Airdrops
Funds allocation:
55% - Development & Operations
15% - Legal
10% - Marketing
10% - Advisors
10% - Reserve & Working Capital

Betform Roadmap

1
Feb '18


Decision to launch ICO in Singapore by Dec 2018

2
Mar '18


Whitepaper concept finalization

3
Apr '18


Game Development
Sourcing of reputable gaming company

Smart Contract
Start of smart contract development

4
May '18


Game Development
Concept finalization and gameplay planning

Smart Contract
Development of state channel smart contract

5
Jun '18


Game Development
Gameplay finalization & design planning

Smart Contract
Development of wallet contract to hold our ERC-20 token
Legal Advisory
Whitepaper review by legal consultant

6
Jul '18


Smart Contract
Development of wallet contract to hold our ERC-20 token

Obtain Legal Opinion

7
Aug '18


Game Development
Alpha version ready

Smart Contract
Development of crowd sale smart contract

8
Sept '18


Game Development
Beta version of APP ready
PRNG certification from Testlab
Smart Contract
Development of gaming smart contracts

9
Oct '18


Game Development
Release candidate for APP version
Finalization of development of CMS & webs
Incorporation of operation company for gambling license application

ICO pre-sale start 1 October 2018

10
Nov '18


Game Development
Launching of Lite version in Google and iOS store
Smart contract
Finalisation of gaming smart contract development

Launching of Bounty program

11
Dec '18


Smart contract
All smart contracts are audited
Launching of Airdrops program

12
Jan '19


ICO Open sale
Gambling license application

Integration of smart contracts and games

13
Feb '19

Application for listing in cryptocurrency exchanges

14
Mar '19


Target to obtain gambling license
To release Full version of game after the license approval

Advisors

Giovanni Casagrande
Giovanni Casagrande
SENIOR ADVISOR
linkedin
Graham Doggart
Graham Doggart
SENIOR ADVISOR
linkedin
Giacomo Arcaro
Giacomo Arcaro
SENIOR ADVISOR
linkedin

Social media

Web-site Reddit: Betform Medium: Betform Telegram: Betform BTCTalk: Betform Twitter: Betform Facebook: Betform Github: Betform

User rating:

5/5 ( 1 )

How To get a verified Project status

To pass the verification you need to place a our logo on the main page of your website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.

Horizontal
Square
Light
Dark
Height: 50 px
Width: 160 px

Leave a Reply

Your email address will not be published. Required fields are marked *

Top-Rated ICO's

9.1
Bounty Program iconVerification off icon
PBET
PBET
ICO
The PBET project is a unique innovation that addresses the convergence between physical and online gaming through a Unified Gaming Platform. PBET generates syne ...
Start ICO Jun 18, 2019
End ICO Dec 15, 2019
Received Pending
Goal $ 17,500,000
8.8
Verified
EXBEGA (XBE)
EXBEGA (XBE)
ICO
EXBEGA is the acronym of EXchange, BEtting and GAmbling. The name says it all. EXBEGA combines a crypto currency exchange with sports betting and casino games ...
Start ICO Jun 30, 2019
End ICO Dec 31, 2019
Received Pending
Goal Not Set