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Market Analysis Report (14 Jun 2021)

Date:

SportX is an online sports and crypto betting platform that has been among the market pioneers. Started operating in 2019, SportX has become the golden standard for reliability, security, and versatility in terms of supported events and betting options. 

To compensate for the delayed sports season in 2020, SportX organizes their Summer Tournament which consists of a series of sporting events with different price reward pools. The main events for June 2021, apart from their two-staged Summer Open event are the:

  • $1,000 F1 Challenge – running from 25-27 June. The event is open to all bettors, with a first place reward of $300. Only bets on Formula 1 will count and results will be based on profit/loss
  • $4,000 Euro Knockout (Soccer) – This betting event is scheduled to run between 26-29 June, and will be open to everyone. Only bets placed on Euro 2020 will count, with 50% of the profit paid in Sportx` token, providing additional benefits to the winners

Despite the specified event frames, users can take advantage of SportX platform and take part in betting beyond the Tournament. This includes the recently added option for placing bets on Bitcoin and Ethereum prices. 

Security – not just a word

This is not just the next project that promises security and underdelivers. Unlike other platforms, all bets on SportX can be placed directly from cryptocurrency wallets and browser extensions, while wagers are held in an escrow contract. This protects all funds and guarantees payouts, with no delays or partial payments.

SX Token

The SX token is based on the ERC-20 standard, and provides daily staking rewards when converted to Polygon and staked. It also enables reduced betting fees and governance participation to holders. All SX stakers are additionally incentivized through two streams of revenues – 1) daily earnings and 2) a percentage from the SportX fee on winning bets allocated to stakers. To learn more visit SportX.Bet website.  

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptocompare.com/email-updates/daily/2021/jun/14/

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