The Bank It app and token is a fully decentralised, smart betting, peer to peer competitive betting platform, built on the Ethereum network. Whether you play smartphone games, console or PC, whether you are high stake sports bettor, a casual sports bettor, athlete, sportsman or casual gamer, Bank It app and token allows you to turn a hobby or skill into a career or secondary income. Physical sports, card games, a bizarre custom bet between two friends on a night out, or a high-stake game of FIFA against someone on the other side of the world. Organise and Participate in E-sports competitions on whichever console and game you choose!
Bet on your favourite sports team or big sporting event. Get better odds, more data and better rewards. View your Bank It token balance, your betting history, friends, achievements, picture your favourite social media app merged with your favourite betting app
Create a custom bet, send to another player, they accept the betting terms, coins are deducted from both players balance and held In escrow on the blockchain until the betting event is finished, then paid out to the winner once both parties agree on the outcome. This creates a whole ecosystem of freedom to challenge one another and opportunity to turn a hobby into a career.
No more unfair and biased regulation! No matter which country you reside and whether betting is considered legal or not, as long as ….
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.
Players do not need an account with a third party or provide Know-Your-Customer details…
Players will aim to win bets, accumulate Bank It tokens and be proud of their betting history.
App and platform design and user interface
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.
Humans are competitive by nature, we have evolved based on thrive or just survive mentality an instinct that is more nature than nurture, from infants in a playground bellowing ‘I’m faster than you’ and sprinting off into the distance to a young apprentice trying to outperform their peers to climb the corporate ladder. Competitiveness has been responsible for some of the greatest inventions and achievements in history, and providing its channelled in the right way it’s a ‘trait of the greats’. Bank It provides and eco system whereby that innate competitiveness we all have, can be used in a casual manner but competitive manner with other like minded people. Ultimately, we believe competitive gaming and smart 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 and 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 – betting on your own skill set. We believe this eliminates a lot stigma attached to betting/gambling, Bank It encourages a competitive but fair environment where players can interact with each, have the freedom to create custom bets and be proud of their betting history and record. Whether you play smartphone games, console or PC, whether you are high stake sports bettor, a casual sports bettor, athlete, sportsman or casual gamer, Bank It app and token allows you to turn a hobby or skill into a career or secondary income.
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. The hybrid, oracle and house contracts also allow Users to be able to place bets against the house or against each other on a variety of traditional sporting events in the same way you would with any other betting platform. Due to Bank Its deflationary ecosystem holders the price of the token 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 token omics 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.