HOW BITGOALS

WHY BITGOALS IS NEEDED IN THE SPORTS INDUSTRY TODAY

The conventional sports industries are characterized by the absence of trust and it is quite glaring as talented upcoming players are not registering in such traditional sports platform. As such, in most cases, the players resort to dubious betting sites or engage intermediaries.

This has promoted illegal betting services and huge sums are generated by these illegal bookmakers as revenue yearly, amounting to hundreds of millions of dollars. Against this backdrop, it is important to note that players do lose precious money in the contemporary bookmaker platform because the operational odds are as regulated by this bookmakers and they’re usually very low.

Greed on the part of most of this shadowy bookmaker companies further increases the loss of the players as the companies are usually very bias and part with their bookies.

At the moment, personnel and the available level of technology in the sports industry are incapable of resolving these issues, especially that of trust and the transaction cost. As such, the key players in the sports industry depends on regulatory agencies and laws to repose some trust. The cost is yet high for all class of participants.

In a bid to surmount these challenges, Bitgoals presents a blockchain platform that attends to and harmonises every participant that play a key role in the sports industry, so that they can relate together productively and share the proceeds. Bitgoals platform offers a network that is credible and trustworthy, where players can undertake sports activities that are powered by crypto technology for security and other purposes.

BITGOALS AND SMART CONTRACTS

The crux of Bitgoals’ architecture is centred on blockchain technology which is intended to produce decentralized online services. Through the execution of smart contracts, the Bitgoals platform avoided the major demerits associated with the conventional sports rewards market.

Bitgoals offers transparency and dependability through cryptocurrency and the plan is to draw as much as a possible number of new players from all walks of life. Bitgoals intends to resolve the issue of trust among every actor on the platform through its efficient protocol.

In conventional lotteries and bookmaker firms, a huge number of employees that controls the betting confirmations and payments.

This gives room for several fraudulent and sharp practices that are characteristic of human interference. Certainly, some payment systems of these traditional bookmakers companies are designed to favour the intermediaries against the players.

Bitgoals uses smart contracts that eliminates these ills. They work as programmed and are tuned to work in line with the codes and principles that guide all smart contracts technology. They serve as the conscience of the blockchain ecosystem. Every detail about the bet is safely saved up on the blockchain such that payments on won bets are very transparent and clear.

There are no hidden charges or temptations to alter the payment system to favour the bookmaker company at the expense of the player.

BITGOALS TOKEN

The ticker for Bitgoals token is STP and it is the official currency of the Bitgoals protocol. STP is used as the gaming and betting currency on the platform, to compensate nodes that participated in the development of the ecosystem, as a means of payment and as an incentive that drives the platform.

CONCLUSION

Bitgoals uses a blockchain-technology based platform thus seeking to compensate its users in a bid to improve the sports industry. It uses smart contracts to ensure transparency and fairness in payment for players who won bets on the platform.

With the successful completion of the token sale, Bitgoals continues with the project in accordance with the roadmap.

THE BRILLIANT MINDS

BITGOALS PARTNERS

FOR MORE INFORMATION ABOUT BITGOALS

Visit The Website: https://bitgoals.com/

Whitepaper: https://bitgoals.com/wp-content/uploads/2018/05/Bitgoals_WP.pdf

The Community;

Telegram Group: https://t.me/BitGoals

Twitter: https://twitter.com/BitGoals

Facebook: https://www.facebook.com/BitGoalsSTP

Medium: https://medium.com/@Social_4834

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