The Bank It app and token is a fully decentralised, peer to peer competitive betting platform, built on the Ethereum network. Whether you play smartphone games, console or PC, whether you are a high stakes or casual sports bettor, athlete or casual gamer, Bank It app and token allows you to turn a hobby or skill into a career or secondary income.
Organise and Participate in E-sports competitions on ANY console or smartphone, create custom bets between you and any other player/s on whatever event you like.
Bet on your favourite sports team or big sporting event, get better odds, more data and better rewards. Build your Bank It token balance, be proud of your betting history, gain a following and reputation. Your favourite social media app merged with your favourite betting app
E-SPORTS FOR EVERYONE!!
No longer will gamers have to rely on 3rd parties to host E-sports events and competitions. Amateur and pro gamers will be able to organise and create events themselves for their console and games of choice. This includes mobile versions of your favourite games. You set the date, you set the stakes. All done through the app and executed on the blockchain.
Bank It will host monthly in app competitions on a variety of different games and consoles or sporting events. Rewards will be paid from the accumulated 2% rewards pool tax.
Physical team sports and events!!!
The Multi pool betting function allows players to organise team and single…
With the ever increasing amount of metaverse games, it is inevitable that competitive betting will have a place, we aim ….
Multi Pool Bets!
The Bank It app and token allows the freedom to create custom multi user pools bets, meaning whole sports
NFT Integration and Verification
Version 2.0 of the app will have NFT verification for players profile pictures. NFTs that are built on the ethereum network can be held in escrow in the same way tokens can, allowing players to also use their NFTs to bet.
Players will aim to win bets, accumulate Bank It tokens and be proud of their betting history.
When talking about esports, generally it’s about games being played on a professional level…
All tokens from losing bets will be destroyed and there is also a 2% burn tax. This creates a deflationary ecosystem and finite amount of tokens, which should lead to organic price appreciation for all holders.
There is no 3rd party KYC verification or AML checks, players are identified from their wallet address which will be linked to the Bank It app. Create a profile as yourself or an alias, you decide.
No more unfair and biased regulation!. No matter which country you reside, as long as you can purchase crypto you can buy the Bank It token and download the Bank It app.
Bank It app will offer better odds, more historical data and betting history for all of your favorite sports, players will have access to the most relevant and recent statistics, so you can base your bets on data rather than emotion and pot luck.
APP DESIGN AND LAYOUT
The interface and design of the app will appear very similar to other social media and betting apps, whereby you have your profile tab, (betting history, win percentages etc). A browse tab to search other players, games, consoles. A create tab where players create the terms of the custom bet. A chat/messages tab, where players discuss betting terms with each other before creating bets. A sports betting tab which open all the upcoming sporting events and statistics for players to review and place bets against the house.
Bank it is already actively in talks with small and medium cap gaming companies with the intention to acquire partnerships and sponsorships to held large global gaming competitions and events. Bank It aims to acquire partnerships and sponsorships with sports teams, venues, gaming companies and many more.
Progressive web app for mobile devices
Ads in the betting app
Fully documented API for betting house and data service management
How It Works
Once terms are agreed, tokens deposited into escrow and automatically paid out to the winner/s after the event. Each user would accept the terms of the custom or pre selected bet, select the stake and odds, once both parties agree, the bank it token is then deposited into the escrow and paid out to the winner if both parties agree on the outcome, this is all possible through the development of our hybrid and oracle smart contracts. Due to Bank Its deflationary ecosystem the price should increase over time due to increasing usage and demand, making it a more viable option than the current betting apps even for those who only want to place casual sports bets and not use the app for competitive betting.
Bank It platform does not rely on players losses to make money. As stated in tokenomics 2% of tax will go to the Bank It liquidity pool and 2% will go to the rewards pool. The Bank It liquidly pool will functional as any other traditional liquidity pool, however a small percentage of it will be traded in house. More about this will be revealed later in the roadmap.
Bank It provides and eco system whereby that innate competitiveness we all have, can be used in a casual but competitive manner with other like minded people. Peer 2 peer betting brings a whole new world of opportunity for millions of people no matter the gender or economical circumstance, the ability to earn a living from being skilled at your favourite game or sport whilst steering people away from addictive casino style games or bets. Bank It only encourages bets based on in depth historical data (smart betting – sports) or competitive betting against other players. This eliminates a lot stigma attached to betting/gambling, encouraging a competitive but fair environment where players can interact with each, have the freedom to create custom bets and be proud of your betting history and record, all while building your Bank It token balance.