Goal Bonanza ICO Review

[bitcoininvestor]

The Goal Bonanza ICO pre sale is under way with their displaying total sales worth 356 ETH after just 5 days.
http://goalbonanza.ref-r.com/c/i/16141/6262335
What is Goal Bananza?

They're a new platform aiming to disrupt the football (soccer) betting industry. Their new token will run on the Ethereum blockchain.
They plan to offer a great new experience to football gamblers across the globe, they have a revolutionary lottery like betting system. Each football game will have 10 possible outcomes for gamblers to bet on, unlike traditional bookmakers offering terrible returns, with the new platform the crowd will set the potential returns.
The new website also aims to incentivize users into gambling more often by offering a more community like atmosphere with rewards such as badges and points which increase their status on the platform.

Regulations?
The new platform won't accept FIAT currency, with them being solely cryptocurrency based they won't need to comply with gambling bodies regulations.

How big is the market?

Football is the most popular sport in the world and the gambling industry reflects that with the Goal Bonanza whitepaper explaining that football gambling is the fastest growing sector in the industry and now accounts for nearly half of bookmakers revenue.
The total market is estimated to be worth $3 trillion. Some markets where gambling is illegal, such as China, India and South East Asia are viewed as targets for the unregulated bookmakers. Its estimated in China some football matches have up to $1 billion gambled on a single game with the majority of bets being placed illegally.

Market evolving

In the past the only option for gamblers was to place a bet with a bookmaker, the odds set by a bookmaker always include a margin for their own profit. In the last decade or so betting exchanges have become more popular such as <a href="https://www.betfair.com">betfair</a>, On exchanges the platform exchanges bets between users and charges a commission on winnings, this is often better value for the user.
The Goal Bananza model aims to gain popularity and take some of the market share.

How Goal Bananza aim to improve on the current market

[*] Licensing: Due to the platform not accepting FIAT currency they don't need to comply for licensing regulations, this will make it far easier and more economical for them to operate.
[*] Unique platform: Most bookmakers and exchange have the same boring feel. Goal Bonanza is aiming to create a new more exciting way to bet and will aim to improve the gambling experience with various incentives to stay active on the platform.
[*] Privacy: Traditional bookmakers require lots of verification with them having to comply with KYC regulations. The new platform won't require any verification, leaving their customers to start betting stress free.
[*] Returns: Many bookmakers offer low returns with themselves keeping a high margin. The new platform will offer a new concept where the rewards grow when the amount of users increases.

The game

The new platform will offer an exciting new concept unlike traditional bookmakers. It will be a lottery game where the customers bet on atleast 1 of 10 outcomes on any listed football match.

Retaining Customers

The new website will reward users when they finish tasks, aiming to increase user engagement. As the users make more bets they can advance to new levels with increased privileges and even win extra tokens. They also plan to offer a referral program aimed at getting users friends on to the platform and creating a more community like feel.

Mechanics of the Platform

The new website will be written in Javascript which will create a smart contract with the web3 protocol. This new contract will define how the game works, such as total users in a game, tokens gambled per outcome, winnings distribution, achievements, distribution of bonuses.

The GOAL Token

The new GOAL tokens will be ER20 compatible running on the Ethereum blockchain, these takes can be bought,sold or transferred quickly and easily between users. The new tokens should be listed on exchanges shortly after the ICO finishes.

Goal Bonanza ICO and pre sale details

[*] Pre sale bonus: The website offers large bonus for early buyers, sign up here to get early discounts: http://goalbonanza.ref-r.com/c/i/16141/6262335
[*] Pre sale dates: Runs until the 31st of October
[*] ICO dates: From 1st of November until the 30th.
[*] Currency accepted: ETH
[*] Soft cap: 50,000 ETH
[*] Hard cap: 100,000 ETH
[*] Minimum token purchase: 0.5 ETH

Conclusion

Goal Bananzar are attempting to distrupt the gambling industry with their exciting new model. With the ICO funds looking like they'll be large I'm sure the team behind the platform can succeed. I'll be investing during the pre sale to take advantage of the bonuses, you can sign up here:
http://goalbonanza.ref-r.com/c/i/16141/6262335