Introduction to betbox
Betbox is a fully decentralized ecosystem acting in various DApps with the assignment to provide a fully transparent, fair yet challenging environment for people with a passion for gambling and a sense for competition.
Our users will be able to contribute their knowledge and experience to the project as it grows by submitting ideas upto solutions ready for implementation in return for OXT.
Betbox smartcontracts are developed to regularly* reimburse 20% of the commissions (ETH), taken by the company for betting, to volunteering parties** in return for OXT to regulate the total circulating supply.
100 Mio OXT will be initially created. The closure of each bet in the betbox smart contracts will create a single OXT and randomly distributes it to a participant. The RNG is trustless***.
*Every quarter of the year.
**OXT holders may lock tokens into the specified smartcontract to receive profit share of the period. The locked OXT will be burned within the distribution process.
***Based on block generation of Ethereum public mainnet.
