2.1 ABSTRACT

While the online gambling and sportsbook market has grown in recent years, concerns 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 benefits.

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 loyalty. In turn, online casino operators continuously struggle to retain their users. Moreover, most online platforms offer either gambling or sportsbook functions, not offering players a single platform to both place bets on sports events and play casino games.

While the initial development was financed solely by the BITBET team, it is time to start the BITBET platform and build the sportsbook and online gambling experience of the future.

To this end, BIBET PREMIER held an initial PRIVATE SALE of its token that will be used as the in-game currency on the BIBET PREMIER platform. Also the team performed a PRESALE and the final phase before launching was a FAIRLAUNCH at Pinksale.