Place/Date: - January 12th, 2022 at 6:49 pm UTC · 2 min read
Source: Binary Cat
Binary Cat, a decentralized platform run on the Avalanche Network where users can bet on the price of crypto assets and the relationship between them, has announced the launch of its application for 21st of January 2022.
You do not have to worry about having advanced technical knowledge about blockchain technology to benefit from fair betting. By bringing simplicity and transparency to gambling, Binary Cat has become a key player in the massification of decentralized betting.
Binary Cat embraces simplicity and performance, and rewards user engagement in a single platform deployed on the Avalanche Network in a win-win proposition, even if the user bets in the wrong direction.
Regarding the launch of his platform, Pedro Argento, CTO and Co-Founder of Binary Cat pointed out that,
“The decentralized betting sector is a promising market with a need for a platform that offers guarantees of fair play and fair rewards. Binary Cat offers the sector those guarantees demanded by the gambling community with the help of blockchain technology”.
Some of the great disadvantages of the traditional betting platforms are the high transaction fees, low speeds and especially opaque user interfaces from the point of view of the information displayed, which often defrauds many newbies to gambling technology, with the consequence that they abandon these platforms.
Binary Cat attempts to address these issues from the perspective of making the world of gambling simple, straightforward and user-friendly. Simply click on a couple of buttons to deposit some coins and start betting on the price of crypto-assets and the relationship between them.
Binary Cat recently successfully finalized its Initial Decentralized Offering (IDO) in partnership with Penguin Finance on December 27, 2021, reaching the sales volume of 12.5 million KITTY tokens, raising $562,500 US dollars.
Binary Cat is a decentralized platform that runs on the Avalanche Network where users can bet on the price of crypto assets and the relationship between them (for example, if the price of Avalanche (AVAX) will go up or down). Bets happen in cycles. In each cycle, bets for the next time window are opened while the results for the last window are being resolved.