This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.
Ethbet, the first gambling platform on the Ethereum blockchain that has announced support for peer-to-peer betting, is finally beginning its Crowdsale today, September 17th at 8PM UTC. Although the crowdsale could potentially last for up to four weeks, many are now predicting that it will sell out early within the first day due to its hard cap of only 5,000ETH and high investor demand.
The unique feature that has many excited about Ethbet is that it will be the first on-blockchain platform to allow players to bet directly against each other, a feature that no other similar platforms have been able to offer until now. This allows the costly house edge involved in gambling to be significantly reduced or removed completely, resulting in lower fees for its players. In addition to this, plans have been announced for the ability to gamble using any Ethereum-based token to be added to the platform. Some other Ethbet features include a provably-fair source of randomness, transparent betting, open-source smart contracts, and no need for user deposits, withdrawals, or registration.
In addition to this, the Ethbet platform will also use an off-chain matchmaking service that allows for users to efficiently offer and take bets. As this is done off of the blockchain, bets can be relayed instantly and for free. Then, when a bet needs to be executed, an Ethereum smart contract is used, providing the high level of security and redundancy that is desired. Thanks to this architecture, the Ethbet platform should be a strong competitor in the area of cryptocurrency gambling. With a technical whitepaper describing the Ethbet protocol and a functioning demo on the Ethbet website, the future for Ethbet is looking brighter than ever.
Ethbet Crowdsale begins on September 17th at 8PM UTC, kicking off with a first-day investment bonus of +50% additional tokens. Due to the high demand and bonus that is offered, many investors are predicting that it will sell out quickly. Visit Ethbet’s website and read their whitepaper in order to learn more about this interesting project.
This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Use Bitcoin and Bitcoin Cash to play online casino games here.