WHITE PAPER. No. 1 Decentralized Blockchain Platform for Sports Betting. VERSION : 1.3

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1 WHITE PAPER No. 1 Decentralized Blockchain Platform for Sports Betting. VERSION : 1.3

2 TABLE OF CONTENTS 1. Disclaimer 2. Introduction 3. Market Overview 4. Summary 5. Problem 6. Solution 7. The Platform I. The Technology II. The Business 8. Understanding the Technology 9. How Betlycoin Works 10. Key Benefits 11. Our Goals 12. Unique Selling Proposition 13. Token 1. Airdrop 2. Presale 3. ICO 4. Token Distribution 14. Roadmap 15. Values 16. Team 17. KYC and Regulations

3 DISCLAIMER The information set forth in this White Paper may not be exhaustive and does not imply any elements of a contractual relationship. The content of this White Paper is not binding for BETLYCOIN LLC ( BETLYCOIN or BETLY ) and its affiliates and BETLY reserves the right to change, modify, add, or remove portions of this Whitepaper for any reason at any time before, during and after the sale of BETLY tokens by posting the amended White Paper on the website. This White Paper does not constitute an investment, legal, tax, regulatory, financial, accounting or other advice, and this whitepaper is not intended to provide the sole basis for any evaluation of a transaction on acquiring of the BETLY tokens. Prior to acquiring the BETLY tokens, a prospective purchaser should consult with his/her own legal, investment, tax, accounting, and other advisers to determine the potential benefits, burdens, and other consequences of such transaction. Nothing in this White Paper shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This document is not composed in accordance with and is not subject to, laws or regulations of any jurisdiction which prohibits or in any manner restricts transactions in respect of, or with use of, digital tokens. The BETLY token is not a digital currency, security, commodity, or any other kind of financial instrument and has not been registered under the Securities Act of 1933, the securities laws of any state of the United States of America or the securities laws of any other country, including the securities laws of any jurisdiction in which a potential token holder is a resident. The BETLY tokens are not being offered or distributed to, as well as cannot be resold or otherwise alienated by their holders to, citizens of, natural and legal persons, having their habitual residence, location or their seat of incorporation in the country or territory where transactions with digital tokens are prohibited or in any manner restricted by applicable laws or regulations. If such restricted person purchases the BETLY tokens, such restricted person has done so on an unlawful, unauthorized and fraudulent basis and in this regard shall bear negative consequences. BETLYCOIN neither offers nor distributes the BETLY tokens nor carries on a business (activity) in any regulated activity in Singapore, in People s Republic of China or in other countries and territories where transactions in respect of, or with use of, digital tokens fall under the restrictive regulations or require from BETLY to be registered or licensed with any applicable governmental authorities. Each purchaser of the BETLY tokens is reminded that this White Paper has been presented to him/her on the basis that he/she is a person into whose attention the document may be lawfully presented in accordance with the laws of the purchaser s jurisdiction. It is the responsibility of each potential purchaser of the BETLY tokens to determine if the purchaser can legally purchase the BETLY tokens in the purchaser s jurisdiction and whether the purchaser can then resell the BETLY tokens to another purchaser in any given jurisdiction. Certain statements, estimates and financial information contained in this White Paper constitute forward-looking statements or information. Such forward-looking statements or information involve known and unknown risks and uncertainties which may cause actual events or results to differ materially from the estimates or the results implied or expressed in such forward-looking statements or information. The English language whitepaper is the primary official source of information about the project. The information contained in English language White Paper may from time to time be translated into other languages. In the course of such translation, some information contained in the English language whitepaper may be lost, corrupted or misrepresented. The accuracy of such alternative communications cannot be guaranteed. In the event of any conflicts or inconsistencies between such translations and the official English language White Paper, the provisions of the English language original document shall prevail. 1

4 INTRODUCTION Blockchain technology has the new best thing that happened to the world, its decentralized nature has seen that a global business can be established without any barrier to acquiring users or receiving international payments. BETLYCOIN is one the platform showcasing the potential of a decentralized bookmaking and sports betting platform with worldwide user base is possible with no limitations. This whitepaper discusses BETLYCOIN, its tokens and how the platform is going to solve the problem of worldwide sports betting platforms with no limitation. 2

5 MARKET OVERVIEW The online gambling market is growing year alongside the betting market. The regulated gambling market is $500B+, and the unregulated market much larger and is estimated to $1T. The sports betting is the major field of gambling sector it accounted for nearly 14% of $470 billion in total global gross gambling yield in 2014, with the latter forecast to reach over $670 billion in Sports Betting similarly accounted for 47% of the $670 billion global market in 2016; the latter has grown by 65.5% to reach the 2017 figure. Bingo & Others 6% Poker 9% Logic Games 6% Lotteries 10% Sports Betting 47% Casinos 22% Sports Betting Casinos Lotteries Poker Bingo & Others Logic Games 3

6 SUMMARY The gambling and casino industry has shown rapid growth in years, it is painful that even after the millions of dollars that are been recorded in gambling and bookmaking market, users still face multiple issues and problems when it comes to user support, regulations, payment, betting options, betting events support, betting events odds and many more. BETLYCOIN is the first fully decentralized blockchain powered platform based on sports betting and bookmaking. BETLYCOIN is building a blockchain powered business, we are not just a sports betting platform, but a revolutionizing business in the gambling and casino sector. We are building a worldwide business that will own the highest stake in the online and local gambling industry. We are the first bookmaking platform that will be accepted worldwide. Betlycoin will own the largest user base and agents base through our franchising offer, in the gambling and casino industry there are no company that supports worldwide franchising, these is because their platforms are not decentralized. With BETLYCOIN platform and SDK, entrepreneurs are welcomed to join the gambling and casino market. We are the first blockchain powered company to revolutionize the betting and casino industry, we have multiple solutions in our platform that will help solve all the issues that are seen in the gambling industry. We tend to solve the problems facing bookmakers and sports betting businesses with the help SDK, platform, and company. Below is the list of some problems and issues been faced while using most bookmakers and sports betting platforms 4

7 PROBLEM No Global Support Most bookmakers and sports betting platforms do not support worldwide services, they are not allowed to operate in some countries due to lack of Incorporation of their business in those countries. They don't support worldwide transactions, they disallow franchising opportunities, they have no agents base, they only have few agents in the country they are Incorporated. Unnecessary User Taxing Due to the law problems and increased tax, bookmakers automatically take taxes on user s income and winnings, most of them take tax from users when they deposit or withdraw from their platform. High Fees Most bookmakers and sports betting services charge their users when they request for a withdrawal or a deposit, because of the non-decentralized nature of the services of these platforms, they often pay high fees when processing a user request for a financial request. Delay In Withdrawal Most bookmakers and sports betting platforms do not support worldwide services, they are not allowed to operate in some countries due to lack of Incorporation of their business in those countries. They don't support worldwide transactions, they disallow franchising opportunities, they have no agents base, they only have few agents in the country they are Incorporated. Few Betting Options and Events with Low Odds Most bookmakers offer low-profiting betting odds, they often offer limited sports betting events with few options and they only support sports events from popular leagues. Some normally offer limited betting options that will ensure that users do not win more than what they want them to win. Non Support for Payment Systems. Sports betting services and bookmakers often have few or no support for worldwide payment systems and most of them do not support cryptocurrencies in their platform. 5

8 SOLUTION

9 SOLUTION Our platform was built to solve the above-listed problems, here are some of the key solutions we are proposing. Business Globalization & Franchising Opportunities Betlycoin platform supports all countries that bookmaking and sports betting is not termed Illegal, we will be incorporated in several countries, therefore creating a sustainable business ground for anyone who wants to franchise with us. Our offices will be located worldwide and we will build a sustainable partnership with entrepreneurs that want to venture into bookmaking or sports gambling business by offering the best commission and the best types of equipment. Worldwide Betting Events Support Betlycoin users will have access to all sports betting events in the world not regarding the country. Instant Deposits & Withdraws Due to our multiple worldwide payment system support, Betlycoin platform users will have access to the instant payments, once they request for a withdrawal, they can easily deposit and withdraw from our platform to their local bank account. No Taxing and Fees Our platform is tax-free, we do not charge our users at any given time, instead, we pay users a bonus on their first-time deposit. Unlimited Betting Options and Profitable Odds We are offering our users the highest betting odds on events and unlimited options on each sports event; our users won't worry about events, odds, and options. Payment Systems Support We are offering several payments methods ranging from Paypal, stripe, bitpay, square, cryptocurrencies and many more payment services, to help give our users the best experience when it comes to financial transactions within our platform. Best Bounty Programs We have the best bounty packages and several promos that our users, agents, and partners will earn from. Users will get paid an extra percentage of their initial deposit in betlycoin platform. Best Software and Materials For Agents Betlycoin has the best software and materials that will be beneficial to our agents, franchising partners, and third-party betting services. 24/hour Support System Our support system is unique because our support staffs are always active and language is not a barrier in our platform. 6

10 THE PLATFORM The main objective of BETLYCOIN team is to create a platform and a business that can serve the purposes of worldwide users. The platform built over Ethereum protocol makes use of smart contracts for automation and provides an easy and cost-effective way for gambling and sports betting. Unlike other similar platforms, BETLYCOIN focuses on creating a worldwide business with a worldwide user base. The Technology Due to the decentralized nature of blockchain, BETLYCOIN is giving an opportunity to developers and thirdparty betting services providers to run their own solutions based on BETLYCOIN core. Blockchain BETLYCOIN token (BETLY) is built on top of the Ethereum Blockchain, making it a secure, easier to list in cryptocurrency exchangers and making it a verifiable transaction. Ethereum Betlycoin Moreover, all transactions are publicly verifiable, counterfeit-resistant, and not subject to the risk of institutional processing. 7

11 The Business The integration of blockchain experts and the gambling and casino industry is a huge business. The gambling and casino industry has recorded tremendous amounts ranging from $500B+ and estimated to reach $1T by Sports betting is the major reason for the increase in the gambling industry, it holds more than 47% of the market value and the awareness is blooming daily, tons of new subscribers every day and lots of games on daily basis. In the other hand, the crypto industry is blooming, new opportunities and new problem-solving business are using blockchain. It is estimated that most companies will start using blockchain technology by BETLYCOIN comes into play here, we are integrating the gambling and casino industry into blockchain, we are creating a unique worldwide business that will revolutionize the gambling and casino industry. We are building a worldwide business that will be recognized in most countries, we are taking over the gambling and casino industry with our solutions and approach towards gambling. We will be the first blockchain and gambling company, that will accept franchising from entrepreneurs. We are building the largest worldwide agents base and user base, we will be locally present in most countries of the world, with a worldwide accessible platform. We intend being the Google of sports betting industry and the best user-friendly betting platform. 8

12 UNDERSTANDING THE TECHNOLOGY BETLYCOIN is a platform that allows for a decentralized automated sports betting system for its users, we are the first blockchain decentralized business for gambling and casino industry, we have the best gambling events odds and bonuses in the sports betting industry. For Investors We are building a decentralized worldwide business that will be located in various parts of the world, with many local offices in several countries. We are building the best-secured and profiting business in the history of bookmaking and sports betting, we plan to have the highest user base with local betting shops and local country websites that will help the exchange and growth of Betlycoin tokens faster, making Betlycoin one of the most successful blockchain technologies. For Holders We promise a rapid increase in growth, through its betting system and proposals with third-party betting service providers, making it one of the most used cryptocurrency in the world. We believe that by 2 nd Quarter of 2019, each Betlycoin token (BETLY) will be valued above $100. For our platform Users We promise the best user experience, and support system. The best bookmaker platform with better odds, higher bonuses and unlimited events. We will notify and automatically pay you once you have a winning. For Agents and Third-party Betting Platforms. We are proposing the best business partnership with any company available online and local. We offer the fastest means of payments, huge commissions and bonuses on all users that use BETLYCOIN token (BETLY) on their platform. We offer the best materials for the promotion of your business. 9

13 HOW BETLYCOIN WORKS We are creating the best sports betting platform that is been targeted in specific regions in the world, ranging from Europe to Africa and some parts of America. With BETLYCOIN a user does not have to bother about low odds, exchange rates and various regulations, using BETLYCOIN platform will be the easiest gambling feeling a user will get. During the process of bet placement, the amount of funds the user chooses when placing a bet will be automatically exchanged to BETLYCOIN tokens. Once a user has a winning, the user will be notified via an message, the user will receive the profits value in BETLYCOIN tokens, the user can then choose to withdraw the token to his/her BETLYCOIN wallet address or available cryptocurrencies or local currency account. 10

14 KEY BENEFITS Our company offers more and better benefits to users, investors, holders, third-party applications/websites and the general public. Below is the list of some key benefits of our company and platform. An exchangeable and accepted currency. A secured and private Platform. A decentralized worldwide business. A flexible and easy to use platform A high profit yielding business and platform. A flexible and easy to use platform, with 24/7 support. Unlimited betting events, high betting profitable odds and unlimited options. A tradable currency that will surge in value and price. 11

15 OUR GOALS BEST SPORT BETTING PLATFORM To create a decentralized global bookmaker, sports betting platform, and business. LARGEST USER BASE OF GAMBLING AGENTS WORLD WIDE We aim at owning one of the largest user base of gambling agents in the world, located in various registered countries before the year BEST PERFORMING CRYPTOCURRENCY IN THE HISTORY OF BLOCKCHAIN With the current growth trends on our platform, we will be among the top performing cryptocurrencies before the year LARGEST USER BASE OF GAMBLING PLAYERS Before 2025 we will be having more than 100 million active users on our platform and over 60 billion U.S. dollars worth transactions. MOST USED SPORTS BETTING PLATFORM IN EUROPE AND AFRICA We plan on being the number one sports betting platform in Europe and Africa by 2030, through the help of our agents and franchisers. LARGEST CRYPTOCURRENCY EXCHANGER AND PAYMENT SYSTEM FOR BOOKMAKERS By 2030 our platform will have over 100 million active users, we will be the leading exchange platform and payment option for the gambling and casino industry and the asset exchange industry. 12

16 UNIQUE SELLING PROPOSITION At Betlycoin, we offer more better and opportunities for our users, contributors, investors and partners. We provide transparency in the sports betting industry. The best odds among all bookmakers. We offer a decentralized bookmaker and sports betting platform. No more fees and unnecessary charges. A secure platform and currency. A scalable low cost sports betting platform solution. Unlimited amount of options to help users make more profits. We offer worldwide local offices and partnership deals. We offer a worldwide 24/7 support system. We are the first worldwide sports betting platform that accepts franchising. The best sports betting platform for agents, investors and users. A focused blockchain powered sports betting business. A platform and currency that will revolutionize sports betting. 13

17 TOKEN The BETLYCOIN tokens (BETLY) are decentralized ERC-20 tokens based on Ethereum blockchain. A total of 100million BETLY will be emitted and no tokens will be issued after. NOTE : Unsold Public Tokens will be burnt, Therefore reducing the total supply. Token Name = Betlycoin Symbol = BETLY Decimal = 18 Total Supply = 100, 000, 000 BETLY Public Supply = 50, 000, 000 BETLY Soft Cap = 10, 000, 000 BETLY Hard Cap = 47, 000, 000 BETLY Referral Bonus = 5% of total purchase Tradable between users = Yes 14

18 Airdrop 5 BETLY tokens will be a granted to anyone who joins our airdrop program and 5 BETLY will be the referral bonus for airdrop participants. Presale BETLYCOIN launches only one stage of presale. The presale period will last for 20 days and 2% of the total supply of BETLY will be issued at this stage. A bonus of 25% will be issued per successful purchase. At these stage, tokens will be issued to prepare for the initial version of Betlycoin, promotion of the company and the ICO. Presale Supply = 2, 000, 000 BETLY Price = 0.25 USD Minimum Purchase = 20 USD Presale Bonus = 25% Duration = 20 Days NOTE: *Exact dates, duration and pricing on any stages of ICO and PRESALE may be changed in the interests of the company and will be presented on the official project's website 15

19 ICO BETLYCOIN launches five rounds of ICO. The ICO stage will last for 50 days, each round will last for 10 days. If a round s target is met before the allocated duration, the next ICO round automatically begin. ICO Supply = 45, 000, 000 BETLY ICO Bonus = 10% Minimum Purchase = 10 USD ROUND FIVE ROUND ONE Supply = 7,000,000 Price = 0.30 USD Bonus = 10% ROUND TWO Supply = 10,000,000 Price = 0.35 USD Bonus = 10% ROUND THREE Supply = 10,000,000 Price = 0.40 USD Bonus = 10% ROUND FOUR Supply = 10,000,000 Price = 0.45 USD Bonus = 10% Supply = 10,000,000 Price = 0.50 USD Bonus = 10% NOTE: * Exact dates, duration and pricing on any stages of ICO and PRESALE may be changed in the interests of the company and will be presented on the official project's website 16

20 TOKENS ALLOCATION There will be a total of 100 million BETLY tokens in circulation, allocated in the following ways: 49% of total supply will be sold to general public. 1% of total supply for ICO and Presale sale Bonuses. 1% of total supply will be issued out as Airdrop. 20% of total supply granted to BETLYCOIN founders, management and team. 10% of total supply granted to BETLYCOIN Developers and Advisors. 10% of total supply kept in BETLYCOIN reserve pool. 2% of total supply for bounties. 2.5% of total supply for ICO and PRESALE referral bonus 4.5% of total supply for BETLYCOIN platform maintenance, unforeseen difficulties and general management of platform and coin. TOKEN SALE PROCEEDS The funds raised during the ICO and presale will be spent in the following order: 30% PR & MARKETING 30% Research & Development. 5% Legal Issue Fixing. 10% Operational Cost. 5% Global Registration in several countries. 10% Unforeseen Expenses. 2% Localization of various Languages and support. 2% Major crypto exchange listing. 2% Developers and Team Bonus. 4% Founders Bonus. 17

21 ROADMAP

22 ROADMAP Our roadmap involves different aspects, such as technology development, operational infrastructure installment, signing partnerships, and launching marketing initiatives. The preliminary roadmap is presented below, dates and activities may be subject to change. 3 rd Quarter of 2017 Betlycoin idea and concept created. 4th Quarter of 2017 Company registered, management staff employed and project implementation began. 1st Quarter of 2018 Token smart contract created, smart contract audited and ICO platform launched with full solutions. 2nd Quarter of 2018 Full platform testing and initial marketing commences. 3rd Quarter of 2018 Airdrop, Presale and ICO begins. 18

23 4th Quarter of 2018 ICO and Presale completed, BETLY tokens listed in various exchanges, global company registrations, and business expansion. 1st Quarter of 2019 Agent s user base expansion, franchising acceptance and partnership with various third-party betting services and bookmaker platforms. 2nd Quarter of 2019 Sports Betting/Bookmaker Platform launched. 3rd Quarter of 2019 Mobile app development (android and iphone) and virtual sports betting integration. 4th Quarter of 2019 Advertising and marketing in various countries, roadshows, conferences and many more Worldwide exchange development, and other gambling integration. Future Creation of worldwide payment system and many more technologies, the sky is the limit. 19

24 VALUES We blend deep technological skills with artistic creativity and academic excellence with executive experience. Some of our key values are listed below. WE ACT WITH INTEGRITY AND SHOW RESPECT We demonstrate commitment to integrity and ethics. We Show respect for and value all individuals for their diverse backgrounds, experiences, styles, approaches and ideas. Our brand is built on principles of trust and honesty. WEVALUE CLARITY AND SIMPLICITY We strive to make our products simple to understand and easy to use. We take extra care to think and communicate with absolute clarity, be it with our customers, our partners or internally. No fine print, clear words, clear actions. WE LOVE SUCCESS We achieve results and celebrate when we do. We help people to be their best by providing coaching and feedback. We make people feel valued and appreciated. We communicate open and frequently. 20

25 TEAM Our team offers a unique combination of extensive business experience, software engineering skills, international perspective and hands-on attitude. Ryan Ethan CEO A technology veteran with over 10 years of experience, Ryan has been building digital products for companies of various sizes and growth stages. Inspired by blockchain technology and its transformative potential, Ryan joined Betlycoin to transform complex technological and gambling systems into clear and enjoyable experiences, and to enable millions of investors around the globe to benefit from Betlycoin s unique products offering. Артур Гарри CTO & SECURITY EXPERT Артур has 12 years of experience developing software and leading engineering teams. He also has extensive knowledge and experience with cyber security, helping companies protect themselves from threats. Артур holds a Master's degree in Computer Science Hendrik Casper COO & BUSINESS DEVELOPER Hendrik s career in business has spanned 25 years, during which he has secured investments worth millions. He is an angel investor with background in both business and law, a technologist and a blockchain enthusiast. He started cryptocurrency investment since 2011 and has continued to invest in several other blockchain platforms. 21

26 Piotr Artur COO & BUSINESS DEVELOPER Piotr has over 10 years of experience developing high-throughput, high scale applications and cloud services. Having solved scaling problems and delivering scalable services for his entire career, he is now applying that knowledge and experience to the blockchain. Piotr holds a Bachelor's degree in Computer Science. Meava Thomas HEAD OF MARKETING & SUPPORT Having worked as a Digital Expert & Tech Lead for several companies, Meava has hands-on experience from front-end to DevOps and is adept at leading teams. She is an expert in understanding the wide-ranging requirements for fast, robust, and secure software development. She planned, executed, and led digital transformations at multinational corporations across various industries, including banking, insurance, telecommunications, consumer-packaged goods, casino and real estate. Ranbir Yakshit WEB & BLOCKCHAIN DEVELOPER Ranbir is veteran in software development and has successfully built several blockchain platforms for several companies. He has more than 12 years of computer programing experience and strong Solidity knowledge and blockchain development experience 22

27 KYC AND REGULATIONS The tokens are not being offered or distributed to, as well as cannot be resold or otherwise alienated by their holders to citizens of, natural and legal persons, having their habitual residence, location or their seat of incorporation in the country or territory where transactions with digital tokens are prohibited or in any manner restricted by applicable laws or regulations, or will become so prohibited or restricted at any time after this Agreement becomes effective ( Restricted Persons ). We do not accept participation from the Restricted Persons and reserve the right to refuse or cancel the BETLY token purchase requests at any time at our sole discretion when the information provided by the purchasers within the KYC procedure is not sufficient, inaccurate or misleading, or the purchaser is deemed to be a Restricted Person. 23

28 Thank you for reading our White Paper. We would like you to contribute to the development of this service that will revolutionize the casino and gambling industry. Join Now