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 OX.

Betbox smartcontracts are developed to regularly* reimburse 20% of the commissions (ETH), taken by the company for betting, to volunteering parties** in return for OX to regulate the total circulating supply.

100 Mio OX will be initially created. The closure of each bet in the betbox smart contracts will create a single OX and randomly distributes it to a participant. The RNG of betbox is based on issuance of future block hashes on Ethereum public mainnet.

*Every quarter of the year.

**OX holders may lock tokens into the specified smartcontract to receive profit share of the period. The locked OX will be burned within the distribution process.