Bethereum is an innovative social betting solution built on blockchain technology. Designed to tackle the key challenges of conventional betting, it delivers a host of unique features and improvements. Starting with sport betting, our vision is to develop a wider ecosystem and establish the Bether token as the betting market standard.
Bethereum is a decentralised, social-betting platform based on Ethereum technology and Smart Contracts. Betting is a huge business, but the online betting industry is plagued by multiple problems. There is an overall perception of unfairness due to security issues, lack of transparency and social character, skewed odds, high fees and low returns – all factors alienating many potential bettors or driving them to underground betting. The Bethereum solution leverages blockchain technology to ensure the safest and most transparent betting experience. There is no middleman involved: Players create the bets, set the rules, and provide the liquidity for fulfilling payouts. Smart Contracts protect funds and automatically distribute winnings based on bet conditions and outcomes. The entire process is fully decentralised, secure, and self-regulating. All this while unique social and gamification elements deliver a whole new level of community engagement. But Bethereum is not just about better betting. The platform has versatility and scalability ingrained in its DNA: starting from sport betting, it will expand to include a variety of content and third-party games. It is designed to support a whole ecosystem, ranging from casual bettors to high rollers, through white-label customers and conventional betting agencies, to third-party developers and affiliates. All fuelled by our ERC20 digital token: the Bether.
Broadband and mobile connectivity literally put betting in the hands of millions. But centralised, conventional betting suffers from serious structural shortcomings (see “Industry Challenges” section). The advent of Blockchain technology ushers in the opportunity to redefine the industry, delivering a solution with all the advantages of conventional betting and none of the drawbacks. At its core, Bethereum is a social betting platform, allowing people to bet on events with other players without going through a “middle man” (e.g., a bookie or betting provider). It operates as a fully decentralised, secure solution built on Ethereum-based Smart Contracts. All bets are carried out using Bether, our purposefully designed ERC20 token. Bethereum is safe, transparent, provably fair, and simple to use. It’s this easy: you create a bet on one or more events, designating the minimum amount and how winnings will be split. Others join the bet (with their own event predictions). After the events end, Smart Contracts automatically calculate the winnings and award Bether tokens based on the agreed split (e.g., winner takes all).
But beyond the basic betting mechanics, Bethereum will deliver a set of industry-winning features and advantages (see “Core Benefits” section), including:
Strong support for social and community-building elements
High simplicity to bring in casual bettors, but with advanced functionality for top
gamblers and high rollers
Designed from the ground up to deliver viral uptake (minimising player acquisition cost),
well beyond the standard friend-get-friend referral programs
Support for limitless rewards and massive bet wagers (High Roller Club)
Powerful gamification elements (aimed at higher player retention and engagement)
Privacy respect (planned support for self-sovereign ID integration, such as Civic)
Ready for AI-based robotisation, to improve user experience and platform profitability
Multi-channel experience: Web, iOS, Android (plus other platforms as market relevant)
Future-proof and ready to include betting and gaming content well beyond sport
Designed for rapid ecosystem uptake (e.g., open-source, third-party integration)
Built as modular technology components, enabling offering of near-turnkey white-label
solutions with low customisation cost
A custom solution delivering fast processing time at a lower cost and supported by a
deflationary, highly liquid, dedicated token (Bether)