KYC passing required Yes | Whitelist No | Restriction for countries China,Korea,USA
is a functioning global online casino and sportsbook that combines
state-of-the-art IT solutions from the online gambling market with innovative
Blockchain technology. Bitbook offers a unique betting and gambling
experience to a worldwide audience of players by combining betting and
gambling on one single transparent platform with low house cuts, advanced
tokenomics that ensure the increase of the token value over time and 10%
cashback on player’s losses. |
BitBook AG search trends in Google
The purpose of this Whitepaper is to present Bitbook – an online sportsbook and
casino based on the blockchain technology – to potential community members who
want to join the Bitbook Community in connection with the proposed Bitbook Token
Launch, or “Initial Coin O ering” (“ICO”) and Crowdsale. The information set forth
below should not be considered exhaustive and does not imply any elements of a
contractual relationship. Its sole purpose is to provide relevant and reasonable infor-
mation to potential token holders in order for them to determine whether to under-
take a thorough analysis of the company with the intent of acquiring Bitbook Tokens.
Nothing in this Whitepaper shall be deemed to constitute a prospectus of any sort of
a solicitation for investment, nor does it, in any way, pertain to an o ering or a solici-
tation to buy any securities in any jurisdiction. The document is not composed in
accordance with, and is not subject to, laws or reg...
While the online gambling and sportsbook market has grown in recent years, concer-
ns about issues such as fraud and lack of transparency have remained. The advent of
Blockchain technology has fundamentally changed this situation.
Due to the immutability of records on the blockchain, any user can verify and retrace
past transactions. Many online casino operators have since developed and launched
Blockchain-based online gambling platforms to provide players with these bene ts.
However, a series of challenges still remain. Regardless of how active users are and
how much money they spend on the platform, they are not rewarded for their loyal-
ty. In turn, online casino operators continuously struggle to retain their users.
Moreover, most online platforms o er either gambling or sportsbook functions, not
o ering players a single platform to both place bets on sports events and play casino
The Bitbook platform will solve precisely these challenges. Bitbook is a sportsbook
The Bitbook platform has been live since May 2018 and has established itself as a
Bitcoin-only online casino amongst a worldwide audience of passionate players.
While the current development was nanced solely by the Bitbook team, it is time to
lift the Bitbook platform to the next level and build the sportsbook and online gam-
bling experience of the future.
To this end, Bitbook will hold an initial coin o ering (ICO) and issue BXK, its own
token that will be used as the in-game currency on the Bitbook platform. While
players can bet in any major cryptocurrency of their choice, the use of BXK tokens
will be incentivized by various measures.
These measures include compensation of up to 10% of losses on bets made in BXK
tokens and various other exclusive and ongoing bonus programs run on the plat-
form. A regular token buy-back from exchanges and the subsequent burning of
these tokens will cause a decrease in the total supply of BXK tokens and ensure a
consistent increase in their value.
Disclaimer and abstract
Table of contents
The BXK token (Utility)
The Bitbook AG Company
Token and funds distribution
Risks and concerns
Closing remarks from the Bitbook Team
The gambling industry has witnessed signi cant growth over the last years – both in
the traditional and the online gambling sphere. As Statista reports, the worldwide
online gambling industry has grown at a compound annual growth rate (CAGR) of
9% over the last 7 years.
Compared to the average GDP growth rate, this means that
the gambling industry has grown about 3 times faster than global GDP.
The worldwide online gambling and betting
industry has grown at a compound annual
growth rate (CAGR) of 9% over the last 7 years.
Compared to the average GDP growth rate,
this means that the gambling industry
has grown about 3 times faster than global GDP. ”
According to the latest market data available, the global market for online gambling
reached $37.91bn in 2015 and is projected to reach $51.96bn in 2018.
47.11 51.96 55.19 59.79
GRAPH: THE REVENUE OF THE GAMBLING INDUSTRY IN $BN.
As forecasts are showing, the future of the online gambling industry looks equally
bright. The 2015 study illustrated above predicts the market to reach $59.79bn by
2020. Even more optimistic is a recent report by BusinessWire which forecasts that by
2022, worldwide online gambling revenues will amount to $81.71bn. Growth is pre-
dicted to equal a CAGR of 10,8%, representing a further acceleration of the industry’s
speed of growth.
ONLINE GAMBLING MARKET BY REGION
Taking a more detailed look at the di erent regions, it can be seen that Europe
currently represents the biggest part of the online gambling market. Because of the
relatively high disposable incomes and the gambling-friendly regulation compared
to other parts of the world, the European market makes up about 47,78% ($18.11bn)
of the global online gambling market estimated at a total of $37.9bn in 2015. The
second most important region is the Asian and Middle Eastern market with a share of
30,79% ($11.67bn). Northern America represents another important target region
with about $4.89bn in 2015, equaling 12,9% of the global market.
Asia and Middle East
GRAPH: DISTRIBUTION OF GLOBAL ONLINE GAMBLING REVENUE BY REGION IN
$BN % .
For more information, visit
Statista: Gambling industry in Europe
REVENUE OF DIFFERENT GAMBLING GAMES
Gambling encompasses a number of gambling games, including casino games,
lottery, slot machines, betting games and bingo games.
Statistics show that two years ago online betting was leading the race with almost
50% ($21.4bn) of the turnover, followed by casino gambling games with $12bn or
25% of the market. Other gambling games such as poker and lottery were third, with
roughly one-fourth of the market share and just under $11bn of turnover.
Graph: Distribution of market share by game type in 2016. Source: H2 Gambling
BitBook AG Roadmap
"Team building completion Smart Contract development Secutity Audit Launch of Casino and sportsbook using Bitcoin"
"Community Building Integration of the token in the Sportsbook system Private Sale Token PreSale Token Submission to exchanges Launch of referral/Affiliate program"
Bounty campaigns Airdrop Launch of the exclusive program for losses compensation and special bonuses for Token users
Launch of the token in casino system Launch of the marketing campaign Further system development Release of new gaming products Strategic partnerships
Development of Peer-to-Peer betting platform through blockchain