BITCOIN SPORT

INTRODUCTION

Cryptocurrencies are predominantly obtained by purchasing it from cryptocurrency owners for fiat currency. Usually a digital currency exchange platform is used. Most of these exchanges allow cryptocurrencies to be purchased with fiat currency or other cryptocurrencies. Price quotations can significantly di_er based on the

platform used. Most countries lack cryptocurrency legislation. This means that cryptocurrency exchange platforms are not required to obtain money service licenses, and transactions with such exchanges are unregulated. Thus, trading platforms sometimes abuse the trust and confidence of their participants for profit. As this practice is lucrative,

there is a surge in emergence of unfair trading platforms. However, there is defense against such platforms: decentralization. Exchanges should be made directly between interested parties without the use of intermediaries.

Blockchain has made it possible to issue just about any asset via a distributed ledger framework. With the aid of cryptocurrency tokens, these assets can be given economic value in order to initiate and validate several transactional processes. Several on-chain protocols have been developed by a number of startups and established companies alike in order to create blockchain-based solutions.

WHAT IS BITCOIN SPORT?

Bitcoin Sport is more than just a cryptocurrency project. This is a technological system that can work with financial applications around the world. This is the future of trade and business. Spiritual philosophy of the project is development, sport and self-improvement.

Bitcoin Sport is an evolving project that is created, promoted and perfected thanks to a team of leading programmers and Internet entrepreneurs, investors and supporters of blockades.

Bitcoin sport are trying to ensure that Bitcoin Sport is fast, easy, secure, profitable for investors and flexible for millions of users. An important competitive advantage of Bitcoin Sport is that it combines confidentiality with regulation, which our investors have already highly appreciated, as this provides greater financial attractiveness of the project.

THE PROBLEM

The financial system is the most relatively powerful industry in the world, the basis of world capital, and with its leaders today can be considered the masters of the planet earth.

The global financial system passes through itself huge sums of hundreds of billions of dollars, serves billions of people all over the globe and supports a global economy with a total value of over 75 trillion dollars. Quite unfortunately, it is built on debt obligations, of which there is often no real security value to talk about or write down.

Antithetically to well-known ideas, banks do not give out loans to clients, using deposits and balances on accounts of other thriftier clients. However, banks “print” money when issuing loans: each time a bank provides a loan on a loan, it issues new money. And even government governments take their debts from central banks of their own and foreign countries, issuing government securities. The financial system of our world is built on the debt that needs to be serviced. And money based on debt implies the payment of interest paid by billions of people, millions of companies and all countries of the world.

At the same time, physical money — coins and banknotes — make up only about 2–3% of the money supply, and the rest of the money is electronic money in bank accounts, just the figures entered into the cells of the databases.

The modern true nature of money is controversial today.

THE SOLUTION

Bitcoin Sport is a decentralized developing project that is being created, promoted and improved thanks to a team of leading programmers and Internet entrepreneurs, investors and blockchain supporters.

Bitcoin Sport is the first project that combines a Forex trading platform and a digital currency bank that combines the working functional volume of a classic Forex trading platform, investment banking service, gaming service and digital platform with cryptocurrency support.

The project team sees its mission in the further development of the cryptocurrency market and its integration with the classical market in order to increase the reliability of financial operations of any level and help people solve problems related to some of the unpleasant features of the modern economy, such as inflation, the relative complexity of small investors to enter markets, etc. It is for this that we have created our multifunctional platform as efficient and convenient as possible, and also strive to make it massive.

Bitcoin Sport platform can provide:

Secure storage of several dozen digital currencies
Savings deposits
Internal exchange service of the company
B2P loans secured by cryptocurrency
Exchange operations P2P
Service of institutional investors and ICO-projects.
Bitcoin Sport DEX — decentralized digital asset exchange
Trading platform
Mobile Bank — an application for iOS and Android
iOS, Android application for digital asset exchange

No matter how strange this may seem, further, money based on blockchain technologies can be safely considered no less real than fiat money.

ADVANTAGES OF BITCOIN SPORT

TRANSACTIONS

In traditional business dealings, brokers, agents, and legal representatives can add significant complication and expense to what should otherwise be a straightforward transaction. There’s paperwork, brokerage fees, commissions, and any number of other special conditions which may apply.

One of the advantages of cryptocurrency transactions is that they are one-to-one affairs, taking place on a peer-to-peer networking structure that makes “cutting out the middle man” a standard practice. This leads to greater clarity in establishing audit trails, less confusion over who should pay what to whom, and greater accountability, in that the two parties involved in a transaction each know who they are.

ASSET TRANSFERS

One financial analyst describes the cryptocurrency blockchain as resembling a “large property rights database,” which can on one level be used to execute and enforce two-party contracts on commodities like automobiles or real estate. But the blockchain cryptocurrency ecosystem may also be used to facilitate specialist modes of transfer.

For example, cryptocurrency contracts can be designed to add third party approvals, make reference to external facts, or be completed at a specified date or time in the future. And since you as the cryptocurrency holder have exclusive governance of your account, this minimizes the time and expense involved in making asset transfers.

MORE CONFIDENTIAL TRANSACTIONS

Under cash/credit systems, your entire transaction history may become a reference document for the bank or credit agency involved, each time you make a transaction. At the simplest level, this might involve a check on your account balances, to ensure that sufficient funds are available. For more complex or business-critical transactions, a more thorough examination of your financial history might be required.

Another one of the great advantages of cryptocurrency is that each transaction you make is a unique exchange between two parties, the terms of which may be negotiated and agreed in each case. What’s more, the exchange of information is done on a “push” basis, whereby you can transmit exactly what you wish to send to the recipient — and nothing besides that.

This guards the privacy of your financial history and protects you from the threat of account or identity theft which is greater under the traditional system, where your information may be exposed at any point in the transaction chain.

TRANSACTION FEES

You’ve no doubt read your monthly account statements from the bank or credit card Company, and balked at the level of fees imposed for writing checks, transferring funds, or breathing in the general direction of the finance houses involved. Transaction fees can take a significant bite out of your assets — especially if you’re performing a lot of transactions in a month.

Since the data miners (remote and separate computer systems) that do the number crunching which generates Bitcoin and other cryptocurrencies receive their compensation from the cryptocurrency network involved, transaction fees usually don’t apply.

There may be some external fees involved if you engage the services of a third-party management service to maintain your cryptocurrency wallet, but another one of the advantages of cryptocurrency is that they are still likely to be much less than the transaction charges incurred by traditional financial systems.

GREATER ACCESS TO CREDIT

Digital data transfer and the internet are the media facilitating the exchange in cryptocurrencies. So these services are potentially available to anyone who has a viable data connection, some knowledge of the cryptocurrency networks on offer, and ready access to their relevant websites and portals.

It’s estimated that there are currently 2.2 billion individuals across the world who have access to the Internet or mobile phones, but don’t currently have access to traditional systems of banking or exchange. The cryptocurrency ecosystem holds the potential to make asset transfer and transaction processing available to this vast market of willing consumers — once the required infrastructure (digital and regulatory) is put in place.

OPENING A WALLET

To open a wallet, register here: https://waveswallet.io/ (multicurrency cryptowallet) or here https://beta.wavesplatform.com/

Instructions for using the wallet: https://support.wavesplatform.com/?lang=en

Bitcoin Sport ID on the DEX exchange (the third tab on https://waveswallet.io/ or https://client.wavesplatform.com/ ) – 7ogZiMyzWcAdPPk8QTcLRaxPUDaUADiiLXEGcJjFu9qf (insert instead of any other currency). It is traded to Waves, Bitcoin, USD, Waves.

ICO DETAILS

The project token was created on the basis of WavesPlatform, but in the future we plan to partially switch to the Ethereum platform and create a separate blockchain

Total limit of 21 million coins (the circulation is similar to the original bitcoin)
Additional issue of coins is impossible, which distinguishes it from the monetary units that are subject to inflation.
Number of decimal places – 8
Date of creation – 01/16/2018
Date of access to the decentralized exchange DEX – 01/19/2018
Transaction time – max 15-30 seconds
The transaction price between purses – 0.001 Waves (less than $ 0.01) – is tied only to quotations of waves.
The price of placing an order to buy or sell a coin on a decentralized exchange DEX – 0.003 Waves (less than $ 0.03)