SX Network (OLD) SX Price

What is SX Network (OLD) (SX)?

Empowering the Future of Sports Betting: The SX Network Unveiled

In March 2019, the innovative team behind SportX, hailing from Canada, embarked on a mission to revolutionize the world of sports betting. What emerged was the SX Network, a community-owned sports betting exchange and political prediction market, consisting of the SportX protocol, the SportX.bet exchange, and the SX token.

SportX Protocol: Powering a Decentralized Ecosystem

At the heart of the SX Network is the SportX protocol, a set of open-source smart contracts that govern the entire ecosystem. These contracts handle the creation, processing, and settlement of all bets on-chain, providing users with a transparent and decentralized platform. The protocol incorporates control mechanisms, configurable fees, maintenance controls, and rules, fostering a trustless environment for users.

SportX.bet Exchange: Non-Custodial Innovation

The SportX.bet exchange is a non-custodial front-end interface that allows users with Web3 wallets to engage in betting using the SportX protocol. By concentrating liquidity into a central location, it ensures users find the best odds and depth. What sets SportX.bet apart is its non-custodial nature, providing users with heightened privacy, security, and transparency. Accessible through its leading API or the SportX.bet front-end, it offers a seamless betting experience.

SX Token: Empowering Community Ownership

The SX token (SX) plays a pivotal role in establishing shared community ownership and decentralized governance within SportX. As an ERC-20 token existing on the Ethereum and Matic blockchain networks, SX serves three main purposes from day one:

Governance: SX holders have control over SportX protocol parameters through the governance.sportx.bet interface, shaping the future of the platform.

Staking: To participate in governance votes, token holders must stake their SX tokens, earning staking rewards while contributing to the network's decision-making process.

Fee Discount: Staking SX also provides users with a reduction in exchange fees on SportX, with varying percentages based on their total staked balance.

Peer-to-Peer Betting with SportX

SportX differentiates itself as a peer-to-peer betting exchange, allowing users to both offer and take bets. This model eliminates the constraints of traditional sportsbooks, offering better odds and removing the potential for owners to exploit users for profit. With no betting limits, users can freely offer or fill any available offer without restrictions.

SX Network on Polygon: Scaling Innovation

Operating as a layer two blockchain on Polygon, the SX Network focuses on scaling betting, DeFi, and NFT applications. With ultra-low gas fees and full EVM compatibility, the network offers a cost-effective and efficient environment. The SX Network boasts a community fund for direct investments into projects, controlled by SX token holder voting. SX Bet, the network's first community-owned project, exemplifies the benefits of ownership, low costs, trustless transactions, and access to DeFi.

Community-Led Growth and Development

Founded by Julian Wilson and Andrew Young, the SX Network is committed to community-led growth and development. The SX token serves as the catalyst for this vision, enabling a shared journey toward a sustainable future for SportX. As the world's first community-owned sports betting platform, SportX, powered by the SX Network, charts a course for a decentralized and innovative era in the realm of sports betting.

What is unique about SX Network (OLD) (SX)?

The SX Network stands out as the world's first community-owned sports betting platform, driven by the SportX protocol, enabling peer-to-peer betting with better odds and enhanced user privacy through its non-custodial SportX.bet exchange.

Who are the founders of SX Network (OLD) (SX)?

Julian Wilson and Andrew Young founded the SX Network, spearheading the mission to bring community-led growth, ownership, and innovation to the sports betting and prediction market space.

Where can I buy SX Network (OLD) (SX)?

You can buy SX Network (OLD) (SX) on Quickswap, Sushiswap (Polygon POS), ComethSwap, Dfyn cryptocurrency exchanges.