The year 2017 was a remarkable year for cryptocurrencies. Bitcoin and other alternative currencies saw rapid growth and mainstream adoption while some projects raised millions of dollars through Initial Coin Offerings (ICO). With some perceiving cryptocurrencies as the future of money and others saying its merely a technology phase that’ll pass away with time, whatever happens, recent demand for Bitcoin its price to spike shows that the end of cryptocurrencies is no time soon.
Undoubtedly, we are in the present-day gold rush, and it seems no one wants to be left behind on cashing out on extraordinary returns. The question on everyone’s lips in 2018 is, what industry would be the winner? Answer: the gambling industry. An analysis shows that 50% of all bitcoin transactions in 2013 were related to gambling. Since 2014, about 3.7 million BTC has been placed on bets which equates to about USD 37 billion. Though the use of cryptocurrency in gambling is continued to rise, it’s just a small fraction when compared to the global online gambling industry. That’s about to change as an upcoming ICO is about to bring new opportunities to the gambling industry.
ZeroEdge.Bet happens to be a new type of online casino platform, built on the blockchain whose business model rotates around its native coin’s value growth rather than the total investment like in traditional models. To achieve this, casino games at ZeroEdge.Bet is 0% house edge. Which means, both players and the house have a fair chance of winning and no game is being manipulated to anyone’s favor. The casino will also offer 0% commission on sports betting exchange as players place bets on numerous sports and leagues.
The Zero Edge model is achieved using the native cryptocurrency; ZERO. The ZERO token supply is fixed and as the demand rises so will the value of the token grow. Therefore, the token isn’t just to run the platform but also an investment avenue for long-term investors.
On the 25th of November, 2017, ZeroEdge.Bet was for the first time introduces at the Blockchain Summit Kyiv, 2017. The team was in attendance to enlighten participants on the current state of online gambling and how the use of blockchain and smart contracts can help create a sustainable and efficient gambling platform for gambling providers as well as players.
ZeroEdge.Bet – The new generation platform that offers 0% house edge games
ZeroEdge is a one-of-its-kind concept that is set to change the way people place wagers online. As at this moment, online casino games come with house edges. This means that the casino about 1% to 10% winning advantage over players. With ZeroEdge’s solution, games offered on the platform come with 0% house edge which gives all players a fair chance of winning.
The best part is, as the platform grows and gets widely adopted, so will the value of its cryptocurrency. This is achieved by creating a closed loop ecosystem in which the demand of 0% house edge games is being demanded which in turn drives the value of ZeroCoin up. With a unique approach offered by ZeroEdge to revolutionalize the $70 Billion gambling industry, the risk of players losing money is eliminated. Instead, they will earn from the increased value of the ZERO token.
After carrying out a survey where a lot of people were asked to about their gambling preferences, about 99% of them said they would be more than happy to play 0% house edge games if they existed. With this report, it’s clear that the platform is being awaited by millions of people worldwide. The task therefore now lies in educating players and raising their awareness of this concept.
Investors will be able to purchase the Zerocoins (ZERO) token during the public presale. Click here to find out more.
