betboxs’ unique token metrics | chance for investors?
Since we started dealing with crypto and ICOs we have seen many different approaches to get funds from a more or less unknown crowd. We appreciated the opportunity to just follow the hype, earn high returns and explore planet blockchain. Surely we did some mistakes, heavy mistakes.. but noone needed to care as long as the market grew. Good old times.
Now all is different. The market is flooded with “ICO”s selling a token for tens of millions of dollars without need of getting involved with “blockchain” at all. They hire someone to manage the community, they outsource the development of smart contracts for the ICO, get huge community groups with paid followers and bots, even the whitepaper often is written by a consulting agency to make sure everything is set up perfectly to snitch the peoples money. Your money. And now you still ask why most ICOs do not reach their hardcap anymore?
betbox is different.
Our goal has always been to allow people bet against each other. Not to create a token and artificially limit our ecosystem to owners of the token. Lead the community to believe the service can only be processed with the special token (which probably is a standard ERC20 token). No.
We wanted our token to be unique. Self-regulated by the blockchain and the activity of users. But still a (not quite) standard ERC20 token. Haha.
The OX token contract allows the minting of new tokens from certain specified betting contracts in betbox. After the initial release of 100 Mio. OX the token contract will create a single token for each revealed bet in the ecosystem and distributes it randomly to one of the participants of the individual bet. Some people may stop reading now as nobody wants to HODL a coin with an inflation-rate like the Venezuelan Bolivar..
No, OX will only be minted when the ecosystem actually is used. Therefore there is no inflation unless there are users. If there are users betbox will be profitable due to the commissions taken from the smart contracts. If there are commissions the OX tokens can be burned for a share of the profit and therefore regulates its circulating supply autonomously.
The funny side-effect about introducing this proof of activity token minting principle, is that if more users use the services of betbox more tokens will be created. But also does the gathered profit increase and therefore the value of the token automatically rises as well due to the buyback and burn and event. Where is inflation now?
Don’t miss the chance to be a part of this next-gen cryptocurrency. OX.
(Gonna be hard to get in this one, hurry up!)
