SportX launches SX token

The official SportX token (SX) has launched with the airdrop done in Matic SX, the company has announced in an official blog post.

The Matic SX can be easily converted in the ERC-20 token, though, the company assured users, and reminded them to use the official token contract when conducting any activities with it.

According to SportX, the new token is transparent and fair and it will lead to better profits for consumers.

Furthermore, SportX hopes that the model of the SX token will allow the company to differentiate itself from the sportsbooks out there that boost their own profits at the expense of consumers.

Instead, SportX wants to be perceived and operate as a community-run sports betting platform. All sports bettors can become stakeholders and derive benefits from the company's operations. SportX has also been able to report on some interesting progress over the last year.

The company has processed over $10m in bets with 1,000 unique addresses betting and over 100,000 total transactions. There have been over 50,000 unique betting markets across 200 sports leagues, the blog post said.

Moving forward, SportX will seek to become the leading Ethereum Dapp, pegging its hopes on the SX token which it sees as crucial to success. Through the SX token, consumers can directly impact the direction of the protocol and make decisions that impact their returns as well as those of others.

SportX will have a separate rewarding method that will allow consumers who have committed liquidity to boost the protocol to start earning right away, the company argues. The full details about SportX's launch are available in the official blog post.

Similar projects are already operational with Wagerr, Sportsbet.io and Cloudbet only a few of the great Ethereum-friendly sports betting solutions out there.

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Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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