Xether Launches Transparent Gambling Ecosystem on Smart Contracts

| Updated
by Julia Sakovich · 3 min read
Xether Launches Transparent Gambling Ecosystem on Smart Contracts
Photo: Xether

Owing to modern technologies, online gambling has changed a lot. Xether is here to show how transparent and fair online games can be today.

With smart contacts, a great number of processes have experienced a real revolution becoming much more transparent and reliable. Such technologies have been introduced in a wide range of different spheres and online gambling is not an exception.

If earlier people used to be rather skeptical about this industry, today everything has changed. Owing to modern techs and innovative financial solutions, online gambling has become absolutely user-friendly and user-oriented.

What Is Xether

Xether is just an excellent example to prove it. This gambling ecosystem is built to change the game. One of its main principles is to take care of its users, continuously enhancing their experience.

While some people still believe that it is impossible to win playing online games, the algorithms applied by Xether make the winning absolutely real. Moreover, clear interface, simple games rules, safe transactions, and instant payouts are aimed at showing users what online gambling should look like today.

To facilitate playing as much as possible Xether allows users to play for ETH without signing up.

Speaking about the core ideas of their projects, Alexei Mischenko, CEO of Xether, stated:

“For a long while, we’ve been searching for the meeting point between modern technology, financial systems, and good old gambling. There are numerous great solutions in each of those areas but they don’t interact much. That is why we decided to bring the best in all those worlds together in a single product.”

The use of smart contracts helps to increase the level of transparency and fairness on the platform and to ensure its full independence:

“With tokens and a dividend system in place, we get a powerful decentralized financial system that generates profits.”

The team staying behind Xether believes that fairness should be one of the main values in this spheres: nobody should have a possibility to interfere in the process and influence the results of games. The outcome should be always available for independent audits at any moment.

Mr. Mischenko explained:

“Most gambling projects don’t show their real balance, so nobody can be sure whether they get their win in the end. Others may have withdrawal limitations in place. All calculations and results are generated on a centralized server that conceals all those processes making them non-auditable.

We allow one to play without registration, don’t require any deposits and purchases, and settle everything through a smart contract. The payouts are also a part of the smart contract.”

If a user wants to play, it is just enough to have some ETH holdings on a wallet. At the current moment such games as pyramid, coin toss, dice, roulette, and slot simulator are available, but it is planned to add poker and sports betting as well. Moreover, it is possible that on the future Xether will collaborate with other smart contract platforms.

How to Earn with Xether?

With a view of expanding its users earning opportunities, Xether offers them to purchase casino tokens which ensure their holders a stable passive income. This income is shaped from dividends on the token turnover and the fee that casino applies to winnings.

The amount is distributed them between token holders proportionally to their share by the core smart contract as soon as a certain amount of fees is accumulated.

It’s also important to highlight that these tokens that players can purchase are not a mandatory requirement to have a possibility to play games on the platform. Users can buy them to get profits but are not required to do it if they don’t want to.

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Julia Sakovich
Editor-in-Chief Julia Sakovich

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.

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