Utility
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.
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. You set the date, you set the stakes. All done through the app and executed on the blockchain. The rewards pool will be used for weekly competitions on a variety of different games and platforms.
Smartphone E-sports
When talking about esports, generally it’s about games being played on a professional level across PCs or gaming consoles. But we know there are millions of people whole who play smartphone or mobile version games . Finally there will be a way for skilled players to compete and challenge each other in games such as League of Legends: Wild Rift, Clash of Clans, Arena of Valor, Golf Clash, 8 Ball pool, PUBG Mobile, etc. Opening up a whole world of opportunity for smartphone gamers to take part in competitive gaming and e-sports and potentially make it a career. All that’s needed is the Bank It app and token and access to the internet!
SPORTS BETTING!!
No more unfair and biased regulation! No matter which country you reside and whether betting is considered legal or not, as long as ….
SPORTS BETTING!!
Physical team sports and events!!!
The Multi pool betting function allows players to organise team and single…
SPORTS BETTING!!
Metaverse Betting
With the ever increasing amount of metaverse games, it is inevitable that competitive betting will have a place, we aim ….
SPORTS BETTING!!
Multi Pool Bets!
The Bank It app and token allows the freedom to create custom multi user pools bets, meaning whole sports
SPORTS BETTING!!
NFT Integration and Verification
Version 2.0 of the app will have NFT verification for players profile pictures.
SPORTS BETTING!!
DECENTRALISED!!
Players do not need an account with a third party or provide Know-Your-Customer details…
SPORTS BETTING!!
REPUTATION!!
Players will aim to win bets, accumulate Bank It tokens and be proud of their betting history.
SPORTS BETTING!!
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.
Our Team
Marcus Hud Bailey - Founder CFO. 14 years experience in private equity, digital marketing.
Fitore Gerbeshi
Our Team
Fitore Gerbeshi
Community manager
Legal- Bank It has taken advice from multiple different UK and EU based legal and compliance companies just to ensure we fall outside the remit of any regulations and can operate in completely de centralised manor, which we know is the case. We will always seek a quarterly revision of legal and regulatory changes, however the whole ethos of Bank It is decentralisation.
Marketing- Bottom line Marketing LTD – Primary digital marketing arm
Partners – TBA
Marketing- Bottom line Marketing LTD – Primary digital marketing arm
Partners – TBA
Conclusion
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.
