Bethereum

BETHEREUM is a decentralized, social-betting platform based on Ethereum technology and smart contracts enabling the users to bet with friends and other players and not against the bookmaker.

PROS:

• Fair conditions: The  platform enables all the bets placed by the users to have a winner  and regardless of the person who wins the bet the money stays in the group
• Transparency: The platform enables the players to set their own odds  with all the transactions  made visible on blockchain limiting any fraud
• Simplicity: The platform is designed  for maximum simplicity and intuitiveness  as the users can easily register in the platform as it involves a simple registration process
• Security: The Bethereum’s decentralized setup and smart contracts offer unmatched player protection  and shield the user’s funds  and bets from manipulation making the platform secure
• Instant payouts: The platform use through the Bether tokens enables instant bet participation and winning distribution
• Less costly:  The platform  use has no hidden fees on withdrawals and transactions, the players only pay a small fee on their on their winnings in order to cover third-party services
• The platform has a good team with most of the members being  the founders of other  projects  with gamification experience  enabling easy implementation of the project

CONS:

• The platform  has no legal advisors  to help in guiding the project  implementation
• The platform  white paper is not available in other languages limiting the project use in all the countries
• The Bether tokens doesn’t grant the users more incentives by taking part in the overall project decision making  and having a share of the generated profit

SUGGESTIONS:

• The platform should  involve internationally qualified translators to enable the creation of the projects whitepaper in other languages
• The platform team should involve advisors to help in streamlining the project operations and implementation

NOTE:

The platform eliminates exploitation of the players in the betting industry by enabling them to bet in groups and receive winnings without involving an intermediary. This makes the project viable and I would invest in it.

Bethereum has a great idea of leveraging social factor and user-friendly game-like applications (including those from third-party developers) that will engage to the platform not only seasoned bettors, but casual ones as well. The project is being developed by an excellent team and they already have an MVP on the AppStore. Anyway, the team will face challenges traditional for ICO projects – competition with other companies, product implementation, and the platform adoption. We believe they can make it.
The Bethereum’s idea of bringing social and gamification elements into the betting industry looks very interesting. And decentralized nature of the project makes it clear, trustworthy, and transparent. An excellent bet for the win.

The project’s positive points include an already-functioning MVP, Bethereum Lite, available for iOS. Bethereum’s advantages over its main competitors are the reason the project has garnered attention from investors, with $4.5 mln (6000 ETH) raised during the presale.

The team has recruited specialists with a variety of backgrounds and experience. Key team members have previously worked together on other projects.