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The world’s first peer-to-peer cryptocurrency dicing platform, Ethbet, is opening its doors to investors starting September 17th at 8PM UTC via the Ethbet Crowdsale. Due to its small funding cap, investors are eagerly awaiting their chance to become a part of the first dicing platform that will allow users to bet against each other instead of against a centralized house.
That is the core of what makes Ethbet unique: its peer-to-peer nature. As other cryptocurrency gambling platforms are required to charge a large fee called a house edge on every bet that players make, they won’t be able to compete with Ethbet’s business model, which involves a match-making service that lets players play versus each other for much smaller fees. In addition to this, Ethbet offers on-blockchain bet execution and provably-fair betting. As a consequence of these features, Ethbet should have no trouble becoming a force to be reckoned with in the world of cryptocurrency gambling.
With the online gambling industry currently being valued at over $50 billion USD, Ethbet only needs to capture a mere fraction of the market in order to become a huge success. With other novel features planned such as supporting gambling with any Ethereum-based token and later expanding into other games and areas, Ethbet has captured the eyes of many investors aspiring to hop on for the wild ride ahead.
With previous dicing tokens giving investors unbelievable returns such as 1950% (vDice) and a whopping 6000% (Etheroll), Ethbet is a strong contender to become one of the best investments that can be made this month. With an interesting technical whitepaper published and a working demo of their vision, Ethbet plans to take the world of dicing by surprise in the coming months as it ramps up its support and later releases its public beta.
The Ethbet Crowdsale will begin on September 17th at 8PM UTC and is capped at only 5,000ETH. After it reaches this amount, it will permanently close to new investors and no new tokens will ever be created. Those interested in learning more about the Ethbet project are encouraged to check out their whitepaper and website which have been linked above.
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