Review on BlitzPredict by Toprak Dere

Name: BlitzPredict
Item: BlitzPredict
Rating: 3

April 05, 2021

About BlitzPredict (XBP)

BlitzPredict is a sports trading platform that collects rates from various markets to offer customers the best rates when making an investment. Like many other markets, investment platforms suffer from a variety of problems due to centralized control. Risk of payment delays, investment disputes and / or platform defaults. BlitzPredict wants to shake up the industry by using blockchain technology.

BlitzPredict is a sports betting platform that collects odds from various markets to provide customers with the best odds when betting. Like most other markets, betting platforms suffer from a variety of problems due to centralized control. There are many downsides such as delay in payments, risk of betting disputes and / or platform defaults. BlitzPredict aims to shake the industry and eliminate these negativities by using blockchain technology.

BlitzPredict coin is the platform's internal form of cryptocurrency. XBP coins are applied to different functions of the platform as their primary function. If users bet on one of BlitzPredict's partner websites, the platform automatically activates their earnings in XBP. Users who choose to bet on other cryptocurrencies can choose whether they want BlitzPay to be activated after the event, or spend XBP only.

The second important function of XBP tokens is the activation of BlitzPredict's smart contracts. Activating a smart contract, the user places a bet if available. Essentially, smart contracts can be used as automatic bets if they are recommended to be made according to predictions made by experts. 
﻿

Pros

BlitzPredict hopes to maximize the efficiency of sports betting markets. Many betting platforms can take up to a week to make payments resulting in tied capital that can be used elsewhere. The project is trying to stand out from its competitors by collecting the latest odds.
This project hopes to solve the problem inherent in customized sports analytics. Unions and bookies in the current model often hide betting information, making it difficult to compete. Using blockchain, sports professionals and community contributors can earn cryptocurrencies to share sports models and knowledge with the wider community.

Cons