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BetterBetting Will Have Its Native Token BETR Listed on HitBTC

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by Eugenia Kovaliova · 3 min read
BetterBetting Will Have Its Native Token BETR Listed on HitBTC
Photo: BetterBetting

A decentralised peer-to-peer sports betting system BetterBetting will soon have its very own BETR token listed on a global trading platform HitBTC.

As it has recently been announced, a blockchain-based decentralized betting platform, BetterBetting, will soon be listed on the HitBTC, the most advanced Bitcoin exchange. The HitBTC global trading platform has been operating as a major exchange since 2013, leveraging a multi-currency support and providing a great variety of unique features for trading digital assets, tokens and TGE’s.

BetterBetting successfully finished its TGE on January 31, 2018, raising over $5 million on contributions from over 2,500 participants. Besides the company’s central focus on development of the technology platform, the BetterBetting team has also been working on establishing a portfolio of exchanges listing the BETR token in order to encourage increased liquidity and token use.

Now, BetterBetting is very pleased to partner with such an advanced trading platform as HitBTC, which is famous for its strict criteria for listing. As the company’s CEO, Adrian Brink, has commented:

“HitBTC has strict criteria for listing and require an extensive amount of due diligence prior to extending an offer so we are pleased to have established this partnership with them. We anticipate having an active community and an increasing demand for the BETR token”.

Alongside its collaboration with HitBTC, BetterBetting has also announced its recent partnership with The Bancor Network, a decentralized liquidity network. Integrating the Bancor Protocol will allow BETR token holders to access continuous liquidity provided by the exchanges, while activating Token Relay will make it possible to purchase and sell BETR tokens directly at a formulaically calculated price. Among other exchanges currently trading the BETR token are also Etherdelta, Idex, Waves and Bisq.

Keeping the reputation of a transparent, fair and unbreakable sports betting platform for all sports, BetterBetting has advanced its distribution peer-to-peer and peer-to-sportsbook wagering platform facilitating it through frictionless use of BETR, which will be accepted and integrated with the leading sports betting sites globally.

A reserve fund of tokens will be created as part of the initial token event to be sold on the market at the discretion of the foundation. This reserve fund will not exceed 10% of the total amount issued at the ICO and will be held in trust for at least 12 months. No further tokens will be created apart from ongoing maintenance tokens. Ongoing maintenance tokens will be created periodically by the foundation and sold on the market to replenish the burnt tokens as part of transaction fees.

Officially established in Estonia in 2017, BetterBetting Foundation aims to integrate the blockchain technology into sports betting for decentralized gambling systems. The company’s founders Adriaan Brink and David Vanrenen, together with the supervisory board members David Vanrenen, Hilly Ehrlich, and Mitchell Rankin, represent themselves as a non-profit group of crypto currency and sports betting experts. Among the advisory board members are such professionals as Jon Matonis, Ronnie O’Sullivan, Jez San, and Eric Benz.

Blockchain News, News
Eugenia Kovaliova

Eugenia can call herself a multy-interested person, as she is always in search of new proffessional fields to encompass. After graduating from Belarussian State University with Bachelor degree in both International Communication and Public Relations, she joined a travel startup Fresh Adventures, where she worked for 3 years creating unique itineraries through exotic countries, travelling around the world and developing the company as a partner. Currently, she works as a business analyst in the field of information technologies. She believes that IT is the future, that is why it is so important to keep up with the latest trends in this rapidly growing industry.

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