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The XWIN ICO, which ends at the end of January, still offers an opportunity for investors to get in on the ground floor of what promises to be a prominent cryptocurrency betting platform. XWIN is a transparent betting site whose mission is to provide the most convenient platform in the crypto betting industry.
The ICO will issue a limited number of tokens, of which 80% will be for players and investors. Investors will have early access to the market as well as an opportunity to receive 5% of net income from the XWIN bookmaker.
In the case of increased ICO interest from investors, there will be an additional emission of tokens equal to the amount of additional investments with a proportional percentage allocation of shares.
At the time of this report, 1 XWIN equaled 0.00475 ETH.
Smart Contract Governs ICO
Token emission takes place via the purchase of tokens via the smart contract. XWIN tokens from the ICO are sent automatically via the Ethereum smart contract.
The smart contract that the XWIN ICO operates on ensures transparency, safety, sustainability, 24/7 control and streamlined investment potential.
The ICO has no hard cap, but it is aiming for around $7.5 million. The token price after the ICO is expected to double or possibly even quadruple.
At the time of this report, 666.5851 ETH ($2,904,319) has been raised.
How The Funds Will Be Distributed
The funds received from the ICO will be distributed as follows: 32% for development; 15% for legal expenses; 35% for marketing and advertising; 15% for administration and maintenance; and 3% for bounty funds distribution.
Each participant of the bounty funds distribution program will receive XWIN tokens.
Safe And Convenient Betting
As a betting platform for sporting and other events with revenue sharing governed by an Ethereum smart contract, XWIN promises safe and convenient access for betting on any type of event.
The XWIN CryptoBet platform will allow for betting on football, hockey, tennis, basketball, motorsports, badminton, baseball, biathlon, boxing, volleyball, handball, darts, E-sports, politics, rugby, mixed martial arts, snooker, chess, show business and other games.
All bids, bets, games, payoffs and results are recorded in the smart contract and verified against several sources of information, preventing errors during the transfer of bets and results to the smart contract. Users will be able to verify the results in the XWIN.io interface or through the XWIN API. They can also verify results through any wallets and web interfaces in the Ethereum blockchain.
The platform will deliver margins from 6% to 20% of the betting rate. The margin will be credited to the smart contract account and managed autonomously. The margin will be distributed as follows: 25% to guaranteed payments to the players; 35% to marketing; 20% to administration; and 20% to investors.
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XWIN ICO Establishes Foundation For Cryptocurrency Betting Platform