{"id":53791,"date":"2025-10-09T20:00:44","date_gmt":"2025-10-09T17:00:44","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=53791"},"modified":"2025-10-09T14:50:26","modified_gmt":"2025-10-09T11:50:26","slug":"what-is-sx-network-sx","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/","title":{"rendered":"What is SX Network (SX)?"},"content":{"rendered":"<p dir=\"ltr\"><strong>SX Network (SX)<\/strong> is a blockchain initiative aiming to become the global liquidity hub for<strong><a href=\"https:\/\/coinengineer.net\/blog\/sports-tokens-plunge-despite-uefa-kickoff\/\"> sports<\/a> betting<\/strong>. It seeks to empower bettors by slashing the industry-standard 5% vig by 95%, bringing it below 0.25%. Additionally, it enhances access, security, and transparency. SX\u2019s unique blockchain-powered protocol and application make this possible for the first time. This article explores what SX Network is, how it operates, and the opportunities it offers.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#What_is_SX_Network_SX\" title=\"What is SX Network (SX)?\">What is SX Network (SX)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#Purpose_of_SX_Network_SX\" title=\"Purpose of SX Network (SX)\">Purpose of SX Network (SX)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#How_Does_SX_Network_SX_Work\" title=\"How Does SX Network (SX) Work?\">How Does SX Network (SX) Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#SX_Network_SX_Use_Cases\" title=\"SX Network (SX) Use Cases\">SX Network (SX) Use Cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#Advantages_of_SX_Network_SX\" title=\"Advantages of SX Network (SX)\">Advantages of SX Network (SX)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#Risks_of_SX_Network_SX\" title=\"Risks of SX Network (SX)\">Risks of SX Network (SX)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#SX_Network_SX_Tokenomics\" title=\"SX Network (SX) Tokenomics\">SX Network (SX) Tokenomics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#SX_Network_SX_Backers\" title=\"SX Network (SX) Backers\">SX Network (SX) Backers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#SX_Network_SX_Team\" title=\"SX Network (SX) Team\">SX Network (SX) Team<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/what-is-sx-network-sx\/#Official_Links\" title=\"Official Links\">Official Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"What_is_SX_Network_SX\"><\/span>What is SX Network (SX)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">SX Network powers SX Bet, a decentralized, peer-to-peer betting exchange that delivers superior odds compared to traditional sports betting platforms. By reducing the vig from 5% to under 0.25%, it provides 7-10% higher payouts. SX Bet creates a dynamic marketplace where bettors wager against each other, free from odds dictated by a central authority. Users can set their own odds, accept others\u2019 bets, or even develop custom quantitative betting strategies using SX API documentation. SX treats sports betting as a financial market, prioritizing winning over gambling.<\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-175533 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/sx-network-1.png\" alt=\"\" width=\"1347\" height=\"626\" \/><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Purpose_of_SX_Network_SX\"><\/span>Purpose of SX Network (SX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">SX Network aims to revolutionize sports betting by drastically lowering the vig, enabling bettors to maximize profits. It boosts accessibility, security, and transparency. Its decentralized, non-custodial structure ensures users retain full control over their funds. Every bet is recorded on-chain, creating a transparent and tamper-proof ledger. SX Bet does not ban or restrict winning bettors, offers open access, and keeps APIs publicly available to foster innovative betting tools.<\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"How_Does_SX_Network_SX_Work\"><\/span>How Does SX Network (SX) Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">SX Bet operates as a peer-to-peer betting exchange, with users holding funds in their own wallets (e.g., MetaMask). Bets settle on-chain, ensuring transparency and trust. SX employs a hybrid off-chain order book and on-chain settlement infrastructure. Its custom data oracle delivers 99.97% accuracy in market creation and reporting.<\/p>\n<p dir=\"ltr\">Key Features:<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Market Registry: Betting markets are defined by sport, league, team names, bet type (Moneyline, Spread, Total), and game time. A market hash is stored in the Registry.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Escrow Contract: When a bet is offered and accepted, funds are atomically transferred to the Escrow Contract, held until the market creator reports the outcome (Outcome1, Outcome2, or Void). Void bets are refunded without fees.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Market Makers: Provide diverse, deep liquidity to support SX\u2019s competitive odds.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Whale and Syndicate VIP Service: Average bet size is ~$345, significantly larger than traditional platforms; VIP managers offer tailored opportunities.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Low Latency: Fast order book and reliable data reporting.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Traction:<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Daily bets hit new peaks annually, with Q4 growth expected due to NFL, NBA, and NHL seasons.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Total betting volume exceeds $750 million, with the next $750 million anticipated soon.<\/p>\n<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"size-full wp-image-175525 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/sx-1.avif\" alt=\"\" \/><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"SX_Network_SX_Use_Cases\"><\/span>SX Network (SX) Use Cases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">SX is designed for sports betting, ideal for professional bettors, syndicates, and whales. Users can:<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Place bets with better odds.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Offer their own bets.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Build custom betting bots using the SX API.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\">Usage Steps:<\/p>\n<ol class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Connect a MetaMask wallet.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Deposit USDC to SX Bet.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Place bets or offer custom odds.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Develop strategies with the API.<\/p>\n<\/li>\n<\/ol>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Advantages_of_SX_Network_SX\"><\/span>Advantages of SX Network (SX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Low Vig: Below 0.25%, yielding 7-10% higher payouts.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Transparency: On-chain bet records, order book, and market movements.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Security: Non-custodial wallets, full user control over funds.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Open Access: No bans on winning bettors, publicly accessible APIs.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Risks_of_SX_Network_SX\"><\/span>Risks of SX Network (SX)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Market Scope: Limited to major sports (NFL, NBA, MLB, NHL).<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Volatility: Crypto market risks.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Regulation: Sports betting regulations.<\/p>\n<\/li>\n<\/ul>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"SX_Network_SX_Tokenomics\"><\/span>SX Network (SX) Tokenomics<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">Total Supply: 1,000,000,000 SX (January 2021).<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Initial Allocation:<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Community Fund: 53% (4-year vesting)<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Core Team: 22.86% (4-year vesting)<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Early Backers: 10.31% (4-year vesting)<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Marketing: 5% (4-year vesting)<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Airdrop: 2% (available at TGE)<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p dir=\"ltr\">Current Allocation (January 1, 2025):<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Community Fund: 46.52% (465,281,969 SX)<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">SX Holders: 53.39% (533,972,010 SX)<\/p>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Staked SX: 318,378,110 SX<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">LP SX: 7,464,965 SX<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Circulating SX: 208,128,973 SX<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p dir=\"ltr\">SX Utility: Staking (rewards in USDC, ETH, SX), governance, gas token.<\/p>\n<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-175528 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/sx-release.png\" alt=\"\" width=\"1370\" height=\"830\" \/><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"SX_Network_SX_Backers\"><\/span>SX Network (SX) Backers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\">CMCC Global, Nascent, Hack VC, FJ Labs, Draper Dragon, CMS.<\/p>\n<p dir=\"ltr\"><img decoding=\"async\" class=\"size-full wp-image-175524 aligncenter\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/10\/sx-backers.avif\" alt=\"\" \/><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"SX_Network_SX_Team\"><\/span>SX Network (SX) Team<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul class=\"tight\" dir=\"ltr\" data-tight=\"true\">\n<li>\n<p dir=\"ltr\">Andrew Young (Co-Founder &amp; CEO): Focuses on strategy and SX promotion on Twitter; previously at BMO trading floor.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Julian Wilson (Co-Founder &amp; CTO): Oversees technical architecture; worked on BMO\u2019s ETF desk.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Jake Hannah (Co-Founder &amp; COO): Manages operations and growth; previously at CIBC.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Lakshan Siva (Director of Engineering): Leads the tech team; formerly at Echoworx.<\/p>\n<\/li>\n<li>\n<p dir=\"ltr\">Dan Kostiuk (Lead Architect): Designs major roadmap items; previously at Clevertech.<\/p>\n<\/li>\n<\/ul>\n<p dir=\"ltr\" data-pm-slice=\"1 1 []\"><em>This content is for informational purposes only and does not constitute investment advice.<\/em><\/p>\n<h2 dir=\"ltr\"><span class=\"ez-toc-section\" id=\"Official_Links\"><\/span>Official Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li dir=\"auto\"><a href=\"https:\/\/www.sx.technology\/\">Website<\/a><\/li>\n<li dir=\"auto\"><a href=\"https:\/\/x.com\/SX_Network\">X (Twitter)<\/a><\/li>\n<li dir=\"auto\"><a href=\"https:\/\/docs.sx.technology\/sx-overview\/why-sx\">Whitepaper<\/a><\/li>\n<\/ul>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"8377\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<p>&nbsp;<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\">Telegram,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\">YouTube<\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SX Network (SX) is a blockchain initiative aiming to become the global liquidity hub for sports betting. It seeks to empower bettors by slashing the industry-standard 5% vig by 95%, bringing it below 0.25%. Additionally, it enhances access, security, and transparency. SX\u2019s unique blockchain-powered protocol and application make this possible for the first time. This<\/p>\n","protected":false},"author":29,"featured_media":53795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[24667,24669,24668,24670,22431,24666,24665,205,24664],"class_list":["post-53791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-betting","tag-nba","tag-nfl","tag-nhl","tag-sports","tag-sx-coin","tag-sx-token","tag-tokenomics","tag-what-is-sx-network-sx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is SX Network (SX)? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"SX Network (SX) is a blockchain initiative aiming to become the global liquidity hub for sports betting. 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