Website

Block Sports

ICO

Published: Aug 05, 2018

Block Sports is a decentralized sports betting exchange, built on the Neo blockchain.

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Overview

Project industry	Gambling & Betting
Product type	Platform
Whitepaper	Open

What is Block Sports

The Block Sports Exchange is a decentralized marketplace for users to bet against one another on the outcome of sporting events. Similar to the buy and sell mechanism of currency exchanges, users can bet for and against the outcome of an event. Utilizing the Neo blockchain, Block Sports enables secure cryptocurrency betting where escrow and processing is handled on-chain, giving users true control of their funds. Block Sports Private Bets allow users to bet head to head directly with friends, enabling them to formalise real life bets on the Neo blockchain. Fees paid on winnings are proportionally distributed to BSX token holders, giving them a share in dividends and tying token value to commercial success.

Legal

Blockchain Platform: NEO

Token info

Ticker: BSX
Type: Utility-token
Accepted currencies: ETH
Token distribution:
70% - Token Sale
20% - Operational Reserve
10% - Team
Funds allocation:
Projected use of company funds in the first year of operations:
65% - Product & Development
15% - Operational
10% - Marketing and outreach
10% - Legal and Accounting
Projected use of company funds in the second year of operations:
40% - Product & Development
35% - Marketing and outreach •
15% - Operational
10% - Legal and Accounting