Place/Date: - October 23rd, 2017 at 1:29 pm UTC · 4 min read
Online gambling is one of the largest and most rapidly expanding industries today. However, there is a widely recognized need for a system that would provide players with additional incentive to gamble. A system which would enable online players to “become the casino” and offer guaranteed odds.
Enter – VIABET, a soon-to-be-launched cloud-based betting casino and peer-to-peer sports betting platform that will operate solely online and through the use of a new cryptocurrency called VIA. This unique approach will enable online players to bet against other online players, where one player acting as the casino is given the house odds.
From a technological perspective, VIABET delivers an all-out fresh approach to online gambling. In order to qualify to “become the casino” players will have to purchase and stake VIA Tokens, play a certain amount of game rounds as regular players against the VIABET casino house, or against other players who have qualified to become the casino. Each time the user plays a round of any of the VIABET casino games he/she earns Edge Tokens. “Edge” is an in-house utility token that can also be used as a unit of exchange between players in the new, cloud-based betting platform.
After earning a specific amount of tokens the user will qualify to become “the casino” and will be able to offer and open games himself which will allow other players to play against him/her. VIABET essentially allows players to create their own games and rules within the online casino. This concept is just one of the reasons investors are likely to stake in the development of VIABET, a platform which promises nothing less than a revolution in the $50 billion-dollar online gambling industry.
“We aim to create a new kind of gambling experience. An experience where the user no longer has to feel like he’s at the mercy of the casino provider,” stated an excerpt from the VIABET whitepaper.
“There are a lot of Bitcoin/cryptocurrency based casinos out there. However, none of them have allowed the player to actually become the casino. So, this is a world’s first. The process is actually very simple. In order for someone to qualify to become the casino, they must purchase and stake “VIA” tokens, and then play a certain number of game rounds. By doing this, they can earn “Edge” Tokens which add up to then qualify them to be the casino, rather than a regular player. One of the great things about this is that when someone is acting as “the casino”, they are given the house odds as well. This is not just evolution, this is a revolution of the gambling industry as a whole and we welcome you to be a part of it.”
Due to its innovative new approach VIABET has gained significant “first-mover advantage” over its competition as the first entrant in the cloud-based betting space. As history shows, most first-movers are rewarded with huge profit margins and monopoly-like status.
Following the launch in early 2018, the casino will include peer-to-peer sports betting, poker, popular casino games and tournaments. The company will unveil a feature-rich ALPHA release of their cloud-based betting platform in Q2 of 2018. It will also provide full mobile app support for iOS and Android devices.
In addition, all VIA holders will be eligible to participate in the VIA buyback program where every quarter VIABET will offer to buy back up to 10% of a holder’s tokens.
VIABET Pre-ICO to Begin This November
VIABET will be offering 49 million VIA tokens in total. The Pre-ICO is set to begin on November 14, 2017 (10:00 AM PDT) and end on November 21, 2017 (10:00 AM PDT), finally giving its supporters a chance to get in on the profit that VIABET’s future growth will generate.
However, only 9.8 million VIA Tokens will be sold during the Pre-Sale. As the Pre-Sale is capped at only 7000 ETH, it is predicted to sell out and close its doors to new investors long before its November 21 deadline is hit. In addition, VIABET has early bird discounts in place to incentivize investor participation, a 40% bonus for early pre-sale investors is up for grabs.
The company’s future plans include increasing VIA Token integration and use-case scenarios by building fiat-gateways and partnering with the top traditional online gambling sites to achieve global VIABET platform expansion.
Learn more about VIABET – https://viabet.io
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Disclaimer VIABET is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest