The idea of BetOnChart to create innovative, flexible and open Platform for betting.
We believe that the market’s growth rate will contribute to the successful development of the project.
The platform has a number of advantages over similar projects.
The team's specialists have all the necessary skills and experience, and the mechanism developed for increasing investment attractiveness will help to draw long-term token holders and platform users to the project.
We have not identified any significant risks for this project. All the above reasons give us grounds to assign this rating to the BetOnChart project.
General information about the project and ICO
Bet on Chart is a new concept of football betting, where the players can make in-play bets and follow the match at the same time. Every match is represented by a live chart, and the betting process is very similar to financial trading, you only need to predict where the chart is going to be within a certain time frame.
It’s a dynamic and fun experience that can bear significant profits. Essentially, we’re creating a better-gamified version of traditional betting.
Smart contract platform: Ethereum blockchain
Contract type: ERC20
Token: CHART
Soft cap: 5000 ETH
Hard cap: 50,000 ETH
Pre-Sale:
Start date: May 2018
End date: 1 September 2018
Sale:
Start date: 1 September 2018
End date: 1 October 2018
Available token for sale: 50,000,000 CHARTS
Cost of 1 CHART: 0.001 ETH
Accepted currencies: BTC, ETH, XEM, LTC, EUR
Distribution of tokens:
Funds raised from the ICO will be distributed as follows:
Project Description
Bet on Chart is a unique platform combining highly profitable in-play sports betting with the dynamics of a live match. Modern technologies and the latest advancements in the field of AI allow us to recreate a football match in the form of a chart that moves up or down depending on the current field situation. While regular betting (as well as its in-play version) revolves around the outcome of the match, we offer an opportunity to place bets literally on everything that happens during the live game by making split-second decisions. That includes goals, passes, tackles, throw-ins, attacks, penalties, etc.
The product’s most resource-intensive elements such as front and back ends as well as the betting engine and major math models are done. Technologically, this product originated from our own trading platform, so it already had all the essential parts like a chart generation, bets, risk management devices in place. Everything’s been tested at full capacity and is combat-ready.
BetOnChart Offers:
- Transparency;
- Financial stability;
- Effectiveness and user-friendly procedures;
- Security and privacy (data protection);
- Innovativeness;
- Customer satisfaction;
- Market share growth and worldwide expansion;
- Profit for all stakeholders;
- Using charts for betting;
- Winners get payouts during the match without waiting for it to end.
- Bets with almost instant outcomes
- Users don’t need to think about the odds
- Gamification
Chart using:
With the help of Deep Learning algorithms, the system builds a chart that shows the advantage of one or another team. Every single pass, kick, or tackle drives the chart up and down, depending on which team performs the action.
Market and Industry Review
The global online gambling market was USD 44.16 billion in 2016 and is estimated to reach USD 81.71 billion by 2022, at a compound annual growth rate (CAGR) of 10.8%. The global mobile gambling market is forecasted to grow more rapidly, at a CAGR of 18.84% during the period 2017–2021.
The overall online gambling and betting market are normally segmented on the basis of types, platform, a device used or geographic regions. On the basis of types, the market is segmented into online casino games (bingo, slots, roulette, keno etc.), card games (poker, blackjack, baccarat etc.), online sports betting, fantasy sports, lotteries and social gaming. In 2015, sports betting held the largest portion of the global online gambling industry with a market share of 48 percent. Online lotteries held around 10% of the global online gambling revenues. Based on the type of platform, the market is segmented into web-based online gambling/betting and downloadable online gambling/betting. Based on the type of the device used by the player, the market is divided into desktop and mobile segments. The desktop segment includes PCs and laptops. This segment accounted for the majority market share during 2016 and will continue to be the largest segment in terms of shares. Online gambling is legalized in more than 80 countries across the world. On the basis of geographic regions, the market is classified into Europe, Asia and the Middle East, USA and the rest of the world.
Let us put some interesting facts about online gaming. Online lotteries are encouraged in China. The Singapore government exempted two online gambling service providers called Turf Club and Singapore Pools from Remote Gambling Act in September 2016. Asian and Middle Eastern market size is estimated at 11.67 billion U.S. dollars. Europe has the largest online gambling market in the world with a market size of 18.11 billion U.S. dollars (2015), and this is just going to increase as the Netherlands adopts new online gambling regulations. The region is home to the highest number of online gambling operators with minimal regulations as compared to other regions. Subsequently, Europe is set to remain the dominant market for online gambling and betting throughout 2025. The UK plays a key role in the European market, followed by Malta.
The global online gambling market is characterized by the presence of several vendors competing to gain market dominance. Key vendors in this market are — 888 Holdings, bet-at-home.com, GVC Holdings, Ladbrokes Coral Group, MGM Resorts, Unibet Group. Other prominent vendors in the market include Betsson, Camelot Group, Genting UK, NetEnt, Paddy Power, Playtech, Rank Group, The Stars Group, and William Hill.
In spite of the high growth, the global online gambling market is still facing some challenges. Some of the major challenges faced by the industry are: lack of suitable software handling, cybersecurity issues and stringent government regulations among with security issues and high tax rates At the same time, the global online gambling market is supported by various growth drivers such as growth of mobile gambling, availability of high-speed internet services, rising ownership of gadgets (such as mobile, laptops, tablets), market consolidation and technological advancement, growing number of online women gamblers. One of the important drivers is increased interest among the younger population: while the average age of a land-based casino visitor is 48 years, the average age of an online gambler is 34.5 years and mobile gambler is 32 years. It seems evident that the mobile gambling industry is successfully attracting the younger population. This should lead to the market growth in the future. Another major driver is blockchain technology implementation that can change the industry dramatically, mainly through delivering a new level of transparency to the online gaming. Blockchain technologies and smart contracts play a vital role in determining the independence of number generation and ensure the rules are enforced. They also boost customer’s confidence and interest. An online casino that can operate in an automated, transparent and secure manner has the ability to earn instant credibility from the gambling community, and nowadays many of new and existing casino organizations are concentrating their efforts on smart contract gambling.
Marketing
Information about the project is available via popular services such as Twitter, Telegram, Reddit, Instagram, YouTube,Facebook and BitcoinTalk.
The team is active on social media. Twitter and Facebook update project news regularly;
The format of articles about the project shows that they were written mainly at the project's request.
Comments: Project has very good numbers at social media; the marketing campaign is being developed mainly on Facebook and Twitter.
Traffic analysis of the BetOnChart website based on Similarweb.com data showed the following:
Comments: direct link: 88.43%, referrals: 0%, search: 0.40%, social media: 2.94%, mail: 8.24%
Search traffic: 0.4%, 100% from with is organic.
Referral links: 0%
Social activity: VKontakte - 100%
Summary: Based on the available data, the community is interested in the project.
Competitors
The project identifies the following competitors:
Truegame - is a blockchain-powered decentralized platform that was launched in 2017. It currently has more than ten games, including lotteries and scratch cards, all of which are based on random number generation algorithm.
MYDFS - MyDFS is an all-in-one blockchain-enabled daily fantasy sports platform that runs on your mobile device.
Bethereum - Bethereum uses concepts including gamification, user-friendly UX and simple account creation to create a unique betting platform for everyone.
Summary: BetOnChart plans to operate in a fast-growing but highly competitive market where simplicity and convenience, security and marketing budgets are key factors. Only time will tell whether the project is able to take its niche.
Team
There is a team of three core team members, along with five advisors.
Key positions are occupied as follows:
Team members:
KIRILL BYKOV, Founder
Work experience:
- Faunus Analytics (2010 - Present) , CEO
Education: Bauman Moscow State Technical University (2003 - 2009), specialization - Information Security
PAVEL BYKOV, Founder
Work experience:
- UniCredit (2003 - 2004) , Private Banking Officer
- ING (2004 - 2007), Investment and financial planning analyst
- Faunus Analytics (2010 - Present), Chief Development Officer
Education: Banking Institute College, Prague (2006 - 2011), specialization - Investment and Securities
ANDREI KHOMICH, PhD, Data Science & Analytics
Work experience:
- Faunus Analytics (2004 - Present) , Head of Faunus Analytics Research
The team includes 17 more people.
Advisors:
NIV ABRAMOVICH, Marketing adviser
MORTEN CHRISTENSEN, Airdrop adviser
JONATHAN GALEA, Legal adviser
SEMYON KRIVOSHEEV, Blockchain adviser
BAS GEELEN, Strategic adviser
Investment Risks
The online gambling market is large and competitive. Not every platform has a license, but many have already established themselves and have regular customers. With such growing competition, BetOnChart will need to strongly market the platform to capture even a small market share.
Gambling is always under the close attention of regulators, who constantly make changes and clarifications to current normative documents. In this regard, we consider it important to note that there is a risk that the project may not conform to some new regulatory environment for a certain period of time. This is down to regulatory risks for the gambling industry as a whole.
The project may have difficulties with regulators and circulation on exchanges in the future.
We have not identified any other significant risks that could adversely affect the attractiveness of the BetOnChart project.
Total Rate
