X-Sport by Betron - E-sport community to place bets in a safe and fair way

TRON Hackathon Hackathon Season 5
1

Project Name: X-Sport

Project Track: Web3

Team Name: Betron

Team Member(s): @Adinil

HackerEarth Project Link:

Project Goal:
We want to create a platform for e-sport lovers to gamble safely without the risk of customer fraud… We want to facilitate e-sport lovers to support their favorite teams by gambling on our platform safely because all activities performed are recorded on the smart contracts provided.

Project Value:
In gambling platform activities that use web 2 technology, it is very prone to fraud which has various forms such as Account Takeover Fraud (ATO), Bonus Abuse Fraud, Credit Card Fraud because all user data is stored and can be accessed directly by the platform owner. By utilizing blockchain technology, there will be no more leaks or misuse of user data because all existing activities will be recorded on the existing blockchain system and can be seen by everyone. That way we can create an ecosystem for e-sport lovers to be able to gamble with a sense of security.

Project Info:
X-sport.pdf (6.5 MB)

Project Website:

Project Test Instructions:
Here is user journey for each feature

  1. Place Bet
  • On the homepage, click the desired game on the ‘Games’ navbar.
  • On the game page select the match in progress or click ‘today match’ to get the full list of matches on that day.
  • On the livestream page, click ‘bet’ on the team you want to support
  • On the right side of the page will appear a side bar ‘Bet Slip’ to enter the nominal coin you want to bet
  • You can see the payout you will get based on the Odds ratio of the match.
  • Click ‘place bet’ at the bottom of the bet slip side bar, and coins will be withdrawn from your wallet.
  • Once the match is over, you can check if you won/lost your bet by clicking ‘your bet’ on the navbar.
  1. thread
  • Select ‘thread’ on the navbar
  • On the Thread Page, click the thread card you want to read
  1. See news
  • Select ‘news’ in the navbar section
  • On the News Page, click the news card you want to read

Project Details:

As online gambling and esports betting are growing rapidly and attracts millions of customers and generates billions of dollars in revenue every year. However, it also faces many challenges and risks, such as fraud, money-laundering, data breaches, and identity theft. The gambling companies gather massive amounts of data. Some of it, they would argue, is in order to make sure that they know who they are dealing with. However, these data are not always secure and can be leaked, hacked, or misused by the gambling companies themselves. In recent years, there have been several cases of data breaches and scandals involving major gambling operators, such as Ladbrokes and Sky Bet . These incidents have damaged the reputation and trust of the gambling industry and exposed the vulnerability of the customers’ personal and financial information.

X-Sport is a gambling platform that enables e-sport fans to place bets on various e-sports events and matches in a safe and fair way. X-sport utilizes blockchain technology to ensure that every transaction on the platform is recorded and verified, preventing data breaches and fraud. X-sport addresses the challenges of online gambling, such as cybercrime, regulatory compliance, and customer protection, by creating a peer-to-peer and immutable system that guarantees the integrity and validity of the results. X-Sport taps into the booming demand and opportunity of the global esports market, which is expected to grow at a CAGR of 26.8% from 2023 to 2030, and the online sports betting market, which is expected to grow at a CAGR of nearly 10% from 2023 to 2027. X-Sport offers a novel and exciting solution for the e-sport fans who want to have fun and win money while supporting their favorite games and teams.

Smart Contract links:

https://testnet.bttcscan.com/address/0x9Dbc3beB00b3A7Ea6ca370587FEdC1dBd89daCB4

Project Milestones:

  • Q4 2023 :

    • Create MVP Product features
    • Product launch in December 2023
    • Promote the website through social media marketing, endorse with Key Opinion Leader (KOL)
    • Create company business process SOPs

  • Q1 2024 :

    • Cooperate with E-Sport competition organizers in the Pro scene to be able to broadcast some matches exclusively
    • Set up a special subscrition plan to watch some exclusive matches
29 Likes
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Please check that your entry is in the right track. Gambling/games might fit Artistry track better.

1 Like
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Another gambling solution haha.
My bad, welcome to Season 5, your offering is amazing but I’ve a bad history with online betting and/or gambling.
I see X-Sport is a gambling platform utilizing blockchain technology to offer a secure and fair environment for e-sport fans to place bets on various e-sports events and matches, aiming to mitigate challenges in online gambling, such as data breaches and fraud, by employing smart contracts to record and verify transactions.
Moving forward, I’ve just one question;

What measures are in place to handle potential issues like match-fixing or cheating within the betting ecosystem?

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Mmm welcome team, always my concern is about funding. What’s your maximum payout?

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Welcome to Tron Dao Hackathon season 5, your project is nice, interesting and educative but I have some important questions.

Q1
What specific security measures have you implemented to protect user funds and personal information,and how does X-Sport use blockchain technology to prevent fraud and data breaches.

Q2
How do you plan to comply with gambling regulations in different jurisdictions, and what measures have you taken to prevent underage gambling and money laundering.

Q3
Do you have plan to implement KYC/AML procedures, and how do you plan to differentiate X-Sport from other e-sports betting platforms.

Q4
How do you plan to generate revenue for the X-Sport platform,and what are your plans for marketing and promoting X-Sport to e-sports fans.

Q5
What specific blockchain technologies are you using to achieve your security and compliance goals, and how do you plan to grow and develop the X-Sport team in the future.

Q6
What blockchain platform are you using for X-Sport,and what is the experience and expertise of the X-Sport team in blockchain, gambling, and e-sports.

2 Likes
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Welcome to Grand Hackathon Season 5
I think Artistry track is the best suitor for your project as suggested by @fabsltsa

So as you stored user data which means that KYC must be compulsory?

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Hi !
Our project is not centered around NFTs, Finance or gaming, but rather on creating a platform for e-sport community and our project contributes to the transition of Web 2.0 to Web 3.0 by introducing useful DAO tools, SocialFi, blockchain/web infrastructure, SDKs and other Dapps. Our Vision for the future is to provide a decentralized, transparent and fair way for e-sport fans to engage with their favorite games and teams. We also plan to integrate features such as chat, forums, live streams, tournaments and rewards to foster a vibrant and active community. So we think web3 is still the best track for our project, Thanks !

6 Likes
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Hi !
Since the esports industry is a high-growth and high-potential sector we will cap our payout ratio at 28%. because we is still in the early stage where we want to reinvest most of our earnings into expanding business, improving product or service quality, acquiring new customers or users, developing new features or content, and enhancing brand awareness and reputation. and if we compare payout ratio with our competitors we think those numbers are very competitive.

1 Like
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Hi!
yeah currently our heroes feature is for gambling because that is our source of revenue haha. But our vision is to create a platform for e-sport lovers to gather and interact with other players. We also plan to integrate features such as chat, forums, live streams, tournaments and rewards to foster a vibrant and active community.

We recognize that the majority of existing gambling systems are highly susceptible to match-fixing, and that is the problem we aim to solve. Here we are not the bookie who controls the game. Instead, we are a platform that brings bidders together. All ODDs are determined by the number of bids for each team from users and we will not interfere with the number of bids. Our main source of income is from transaction fees that occur and also from the subscription plan that we have. Hope it answers ur question!

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Hi, thank you for your interest in X-Sport!

No, KYC is not compulsory on our platform. Unlike web2 gambling platforms that use KYC to store and process user data, our platform has implemented web3 technology that does not store any customer data. We use smart contracts to do all the interactions between users and transactions. This means that you don’t have to share your personal or financial information with us or anyone else. You only need a compatible wallet to access our platform and place bets on your favorite e-sports events and matches. This way, you can enjoy a safe, fair, and transparent gambling experience with X-Sport.

I hope this answers your question.

2 Likes
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This one would have a good chance on F1 e sport competitions there are some good bets there

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Thanks for those clarifications. It’s an ambitious project :+1:

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Thanks for replying, it’s really great to read about the vision for X-Sport beyond gambling and towards creating a community for e-sport lovers. Integrating features like chat, forums, live streams, tournaments, and rewards can indeed contribute to a vibrant and interactive platform. The fact that you give detailed responses is quite commendable, I’ve a few more questions;

How does X-Sport plan to encourage active participation and engagement within the community, especially considering the diverse interests of e-sport enthusiasts?

Could you elaborate on the subscription plan and how it’s structured to provide value to users while generating revenue for the platform?

How will X-Sport monitor and detect potential suspicious activities related to match-fixing while ensuring a fair and transparent gambling environment?

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Q1: X-Sport uses blockchain technology to protect user funds and personal information by creating a decentralized and transparent system that records every transaction on the platform. Blockchain technology ensures that the data on the platform cannot be tampered with or hacked by anyone, and that the users have full control and ownership of their funds and information. X-Sport also implements various security measures, such as encryption, multi-signature, and smart contracts, to prevent fraud and data breaches because smart contracts automate the execution of the transactions according to predefined rules and conditions.

Q2: X-Sport plans to comply with gambling regulations in different jurisdictions by obtaining the necessary licenses and permits from the relevant authorities, and by following the local laws and rules regarding online gambling and e-sports betting. X-Sport also takes measures to prevent underage gambling and money laundering by giving surveys to verify the age and source of funds of the users before they can use the platform.

Q3: X-Sport does not store or process any user data, unlike web2 gambling platforms that use KYC to do so. X-Sport uses web3 technology that only requires a compatible wallet to access the platform and place bets on your favorite e-sports events and matches. This way, you can enjoy a safe, fair, and transparent gambling experience with X-Sport. X-Sport differentiates itself from other e-sports betting platforms by offering a peer-to-peer and blockchain-based system that eliminates the need for intermediaries and third parties, such as bookmakers or casinos, which often charge high fees and commissions, manipulate the odds and outcomes, and pose risks of fraud and corruption. X-Sport also offers a variety of e-sports events and matches for the users to choose from. Moreover, X-Sport is not just a gambling platform, but also an e-sport community where users can share their thoughts, team up, sell their game items, and more. X-Sport aims to create a social and interactive environment for e-sport fans who want to have fun and win money while supporting their favorite games and teams.

Q4: X-Sport plans to generate revenue for the platform by charging a fee for each transaction on the platform, which covers the operational costs and maintenance of the platform, as well as provides incentives for the users to participate in the platform. X-Sport also plans to generate revenue by offering subscription plan for premium features and services, such as exclusive access to certain e-sports events and matches, personalized recommendations and tips. X-Sport plans to market and promote the platform to e-sports fans by creating a strong online presence and community, such as through social media platforms, blogs, podcasts, newsletters, etc., where they can share news, updates, insights, and stories about e-sports and X-Sport. X-Sport also plans to partner with e-sports organizations, teams, players, influencers, sponsors, etc., to increase its visibility and credibility in the e-sports industry.

Q5 : we are using smart contracts to ensure that every transaction on the platform is recorded and verified, preventing data breaches and fraud. Smart contracts are self-executing agreements that run on the blockchain and can enforce the rules and terms of a contract without the need for intermediaries or third parties. By using smart contracts, we can achieve security and compliance goals, as we can eliminate the risks of human error, manipulation, or corruption that may occur in traditional online gambling platforms.

To grow and develop the X-Sport team in the future, we will do :

  • Hire more developers, designers, marketers, and community managers who have experience and expertise in blockchain, gambling, and e-sports.
  • Establish partnerships with e-sports leagues, teams, players, sponsors, and media outlets to increase your exposure and credibility in the e-sports industry.

Q6

we are using BTTC network as our blockchain platform for X-Sport. It has a high transaction throughput, low latency, and low fees, which make it ideal for our platform. The X-Sport team has a combined experience and expertise of over two years in blockchain development, as well as a strong background and interest in gambling and e-sports. We have been following the latest trends and innovations in these fields and have been actively participating in various events and competitions. We have also been testing and improving our platform with feedback from our users and partners. We are confident that we can deliver a high-quality and user-friendly product that meets the needs and expectations of the e-sport fans who want to have fun and win money while supporting their favorite games and teams.

3 Likes
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Interesting concept! It’s great to see platforms like X-Sport leveraging blockchain technology to address the challenges in online gambling. Here is my question

How does X-Sport utilize blockchain technology to prevent fraud and ensure customer protection in online gambling and esports betting?

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Yeah am satisfied with your answer but hope the platform is not only meant for the rich kids?, what is the minimum stake and how could the minimum withdrawal looks like?

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Hi !
So sorry it has to take a long time.

X-Sport utilizes blockchain technology to prevent fraud and ensure customer protection in online gambling and esports betting by creating a decentralized and transparent platform that records and verifies every transaction and outcome on the network. For Preventing fraud and data breaches We use smart contracts for every bet and user data that enters our platform, so there will be no outside interference in handling the distribution, as well as the distribution of prizes to winners. That way we can prevent any dat abreach happen because we don’t store user data

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We understand that every game variant has its own fans and we don’t try to make our users like every game genre. But what we are trying to do is facilitate users who have the same interest in a game so that they can discuss and communicate with other fellow fans. And our initiatives to gather them is by hosting competitions and tournaments that cater to the diverse interests of e-sport enthusiasts. X-Sport will offer a variety of games and genres to appeal to different preferences and skill levels. The competitions will also have attractive prizes and rewards, such as cash, merchandise, or recognition, to motivate the participants and spectators.

Our subscription plan is intended for fans to watch tournaments that are exclusively aired on our platform, the system will be similar to subscribing to streaming platforms such as Netflix etc. In addition to watching exclusive matches, we also provide various news and special threads to provide recommendations on how to play the best from our e-sport experts exclusive for our subscribers.

In existing conditon, we are using smart contracts to enforce the rules and terms of the bets and aslo to prevent any suspicious activity. They can automatically execute the logic and conditions of the bets, such as verifying the results, calculating the payouts, and transferring the funds. Smart contract can also prevent fraud and manipulation by eleminating the need for intermediaries or third parties. But for the future, we have plan to integrating x-sport with artificial intelligence (AI) and machine learning (ML) to analyze the data and detect anomalies for every patterns and trend that indicating suspicious and irregular behaviour

1 Like
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Welcome to season 5.
Please i need a bit of clarification, when someone uses your platform to place bet and he/she wins, is your platform responsible for the payout to the winner??

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Thanks for clarifying, really easy to comprehend with how you simplify your explanations. It is really good to see how X-Sport caterd to diverse gaming preferences and create a space of interaction for like-minded enthusiasts, the initiatives of rewards from hosting competitions and tournaments would significantly boost engagement and excitement within the community.
But, I’d like to know the specific benefits and features that subscribers will have access to beyond exclusive match viewing, thank you!