PunchBet Launching on SX Network!
SX Network has announced that PunchBet will be launching on their platform. PunchBet is an easy-to-use sports betting application built using the SX Protocol and deployed on SX Network.
PunchBet is a slimmed down version of SportX, removing many of the complexities inherent in the traditional exchange model. PunchBet is built on the SX protocol, meaning that it routes liquidity through the SX API. This is a shared liquidity model; bet offers on SportX also show up on PunchBet.
With its different UI, PunchBet is targeting an entirely different audience of bettors. PunchBet only hosts basic Money Line bet types and hides certain things from its target recreational user. This extremely simple style of betting is aimed at getting new customers involved in sports betting overall.
“The average Joe that wants to throw $50 on the Giants just because they love them. Basically click the name of the team you want, type your bet amount in, and place your bet. There are no odds or anything complex like that on PunchBet, the amount it says you’d receive back incorporates that naturally in. Simply pick your team. put your amount and go!” — PunchBet Team
“We’re excited to have PunchBet be the first application to build on the SX Protocol shared liquidity layer. This will give the SX community another application to trade sports and political events on whilst supporting the SX protocol and treasury. Furthermore, it takes us one step closer to turning SX Network into the dominant prediction market ecosystem!” — Andrew Young, Co-Founder of SX Network
About SX Network
SX Network will be the first public blockchain to combine a smart contract platform with an on-chain community treasury and a native prediction market protocol. SX Network is a stand-alone smart contract blockchain built on the Polygon SDK. It is designed from the ground up for blockchain application developers with EVM-compatibility, low-cost transactions, and a PoS-based consensus model.
About PunchBet
PunchBet is a front-end application that utilizes the SX Protocol to provide recreational sports bettors with a simple-to-use sports betting experience. Built on the SX Network blockchain, PunchBet is bridging the gap between blockchain sports betting and mainstream sports bettors.
🔽 INFO:
https://medium.com/sportx-bet/punchbet-launching-on-sx-network-100181328a19
