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CashBet Raises $38 Million for World’s First Complete Crypto-Ready Mobile iGaming Platform

George Miller

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CashBet Raises $38 Million for World’s First Complete Crypto-Ready Mobile iGaming Platform
Reading Time: 2 minutes

June, 2018 — Leading mobile-first iGaming platform provider CashBet announced the successful completion of its token sale, raising $38 million to develop the world’s first complete crypto-ready mobile iGaming platform, becoming the largest iGaming ICO project ever. Participants from over 100 countries took part in the ICO, helping CashBet Coin reach its hard cap of 142,975,000 tokens. Token distribution is currently underway and will continue through the end of June. CashBet Coin’s partners include Arsenal Football Club, Lottery.com, Greentube, and Imperial Play. CashBet Coin is now listed on Bittrex as CBC.

The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions,” said Mike Reaves, CEO and Co-Founder of CashBet. “We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.”

In business since 2012, CashBet supports more than 450 games on its platform. As the only crypto-casino platform licensed by the world’s most reputable tier-1 gaming jurisdictions, CashBet delivers an iGaming experience that is legal, safe, and profitable.  CashBet is the first and only vertically integrated iGaming solution to leverage blockchain technology for transparent operations, increased speed, and lower transaction fees.

CashBet’s partnership with Arsenal Football Club made Arsenal the world’s first major team in soccer to officially partner with a cryptocurrency. CashBet is Arsenal’s exclusive and official blockchain partner, giving CashBet Coin prominent brand placement via in-stadium advertising at home games in Emirates Stadium. Novomatic’s Greentube subsidiary will be accepting CashBet Coin as a payment method on its GameTwist social casino platform. Lottery.com will integrate CashBet Coin as a payment methods across its sites and apps, and integrate CashBet’s proprietary iGaming platform to power its social impact raffles.

CashBet Coin democratizes access to world-class iGaming entertainment by enabling players in underserved markets to wager in CashBet-powered casinos. Players benefit from access to a variety of provably fair content, reduced transaction costs, and fast payouts.

 

About CashBet:

CashBet is a leading mobile-first iGaming platform provider and turnkey operator. CashBet’s platform empowers real-money, social, and skill-based gaming apps and websites worldwide. By integrating CashBet’s software, game developers can legally launch online gambling games without needing to be licensed. With CashBet’s feature-rich platform, operators gain access to player segmentation, bonusing, campaign management, and other patent-pending features to enable a profitable iGaming operation from day one. CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission. For more information, please visit www.cashbet.com.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Cryptocurrency

Bitcasino.io adds Litecoin following surge in customer demand

George Miller

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Bitcasino.io adds Litecoin following surge in customer demand
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Pioneering crypto casino puts ‘customers at the centre of the universe’ offering industry’s widest range of currency options


Bitcasino.io, operated by eGR Power 50 operator Coingaming Group, has integrated Litecoin into its pioneering crypto gaming offering following a surge in player demand, increasing its extensive variety of currency options.

During the feedback process for the launch of the newly enhanced Bitcasino online and mobile offering large numbers of players requested the introduction of Litecoin.

In line with the Coingaming Group’s core philosophy of placing its ‘customers at the centre of the universe’ the Bitcasino development team delivered the Litecoin offering in record time enabling players to select from and use a wide variety of currencies.

The team used cutting-edge wallet software developed for the site’s July 2018 Ethereum integration that has seen deposits increase by 22%.

Launched in October 2011 as a spin-off to Bitcoin, Litecoin is the world’s third most popular altcoin behind Ethereum and Bitcoin and offers players rapid processing speeds and lower transaction fees.

Both Ethereum and Bitcoin have already been integrated into the Bitcasino gaming experience, generating record numbers of transactions in 2018 as a result.

Previous to the Litecoin announcement, Bitcasino also integrated both a new mobile-first cashier and Ethereum as a payment method. The cashier function works seamlessly on all handheld devices allowing players on the leading crypto casino to track deposits and withdrawals more easily, while Ethereum opens the door to players wishing to use the world’s second most popular cryptocurrency.

Bitcasino has recently relaunched its online and mobile products with load speeds up to eight times faster than its competitors offering the industry’s most advanced, mobile-first and customer-friendly casino product.

Players can now deposit, play, win and withdraw in Bitcoin, Ethereum and Litecoin, while also taking advantage of BTCXE, the industry-first fiat-to-Bitcoin currency converter.

Tauri Tiitsaar, Head of Casino at Bitcasino.io, said: “We pride ourselves on listening to our players and, after a great deal of feedback and interaction, we took the immediate step to deliver what our customers wanted.

“By consistently striving to put our players at the heart of everything we do, we’re creating the ultimate fun, fast and fair gaming experience. The introduction of Litecoin is yet another example of how we want to make our customers our priority and give them complete control of their experience.”

 

About Bitcasino:

Founded in 2014, as part of the Coingaming Group, Bitcasino is a leading bitcoin-led casino operator.

Bitcasino has an expansive, quality casino product featuring more than 1,400 games, including slots, table games and live dealer casinos from some of the industry’s leading suppliers. These are hosted on its proprietary platform, developed by leading designers and software engineers to create the ultimate user experience for players.

Bitcasino prides itself on its enjoyable and trustworthy casino and gaming service, with withdrawal times of around 1.5 minutes amongst the fastest in the industry and cutting-edge security measures in place.

For more information about Bitcasino, please visit https://bitcasino.io.

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Cryptocurrency

The KamaGames Token Sale

George Miller

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The KamaGames Token Sale
Sam Forrest, Director of Global Communications & Content at KamaGames.
Reading Time: 3 minutes

 

The observations and the learnings of testing cryptocurrency in gaming

 

On the back of a year consumed by blockchain, in 2018 DMR Business Statistics predicted that by 2020 the industry will be worth a projected value of $60 billion. Within gaming alone, cryptocurrency has been hailed as the answer to making in-game transactions easier and safer, with the potential to bolster engagement and attract new users.

In recent years, brands such as PayPal, Red Bull and Swarovski have opted to utilize tokens to gain marketing insights from audiences or as a tool to reward employees for their innovation. Payments giant, PayPal, has yet to embrace blockchain technology on its commercial platform, however, online tech site Cheddar recently reported that the company has launched a program which will now reward employees for their innovation with crypto-tokens.

In gaming, a number of small companies have tried to implement real money online gambling with cryptocurrencies to avoid licensing and working with banks, which is of course illegal. Some companies have also been trying to build their own games stores with the goal of reselling the games and in-game assets, as well as offering their own loyalty, rewards and advertising schemes. All of which would be based on their own internal cryptocurrency/token.

Social messaging company, Kik, has previously used cryptocurrencies as a rewards-based system to encourage interaction within its community. However, recently the company turned its attention to mobile gaming, announcing a partnership with Unity Technologies that will see the cryptocurrency, Kin SDK for Unity, available on the Unity Asset Store. As a result of the collaboration, Unity developers can easily integrate Kin into their mobile games, enabling them to create user experiences that reward social interaction and create ‘stickier’ social networks, while keeping users playing through peer-to-peer experiences.

KamaGames, carried out a token sale in the latter half of 2018 but unlike other companies who participate in token sales, the move into crypto/blockchain had little to do with money. We didn’t attempt to attract the interest of investors or their financial backing. Nor did we look for speculations related to our token and never intended to list it on any of the crypto exchanges.

Instead, the sale was our opportunity to ‘test the waters’ of the blockchain industry and discover if the demand for purchasing tokens is as widespread as we were being led to believe. Also, it would answer the question of who a token sale would satisfy should we choose to repeat the practice – would it be the players across our flagship app Pokerist or simply a small but decidedly vocal minority?

Other area of focus for the company was that we also wanted to increase player retention and loyalty, as well as revenue. The aim was to offer an interesting promotional event, while attracting a new type of audience and re-engaging our lapsed players. The token was built so that the players would stay with the app, hold tokens and receive bonus chips on a daily basis. The token to in-game virtual chip rate would grow by 25% every month and holders would also receive additional daily bonuses for the first 6 months.

Unfortunately, similar to many other tokens tracked throughout 2018, we found our token sale results to be less than our most pessimistic projections. We also discovered that there would be little sense in developing a social casino product on the blockchain considering the priority for most social casino players is simplicity and speed. Blockchain doesn’t add to any of those.

Aside from this, a further hindrance to the technology’s success in the gaming sector is caused by the lack of a blockchain capable of handling the volume of transactions which occur on apps similar to Pokerist on a daily – a volume that is somewhere in the region of 1.5 million transactions per minute.

Finally, we are very proud of our certified RNG (random number generator) and at this point there are a lot of unanswered questions associated with its use on the blockchain. The main concern being that it could make the RNG more predictable which of course defeats the object.

It’s apparent from the recent innovations of PayPal that tokens do have the potential to be effective as a rewards-based system, however, following our own KGT sale, the question still stands when it comes to their value on social gaming platforms.

While the conversations around blockchain and cryptocurrencies won’t disappear anytime soon, our own experience tells us that they may not be widely adopted by the gaming industry in the near future.

KamaGames is the largest European social mobile poker operator and one of the fastest growing independent operators in the world.

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Cryptocurrency

Bitcoin Sportsbook – a different kind of betting

Zoltan Tundik

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Photo by David McBee from Pexels
Reading Time: 2 minutes

 

With the recent launch of Sportsbook, the online cryptocurrency casino FortuneJack has introduced a new betting experience like nowhere else. The widest selection of sports, top world leagues and international competitions, numerous positions, and unique features, all available through a user-friendly interface that allows you to multiply your btc base seamlessly.

What makes Sportsbook the best choice for online btc betting?

The quality of any service depends on the options that particular service has to provide to its users. Bitcoin Sportsbook, that has it all, Soccer, Basketball, Football, Tennis, Volleyball, offers more than any other betting platform online. Loads of pre-match and Live bets are waiting for you to make your pick and draft your winning bet slip. The Live tracker feature allows you to monitor the progress of an event and make an informed decision that will scale your chances of winning.

Unique features like Partial cashout, Auto cashout, and Save draft bet slip allow you to stop your bet slip while you’re winning, cashout a preset amount of btc, or even save a draft of your bet slip until the odds are fully in your favor and place your bet when ready. There is no better way to raise your chances of winning than using some of these amazing features.

User-friendly interface allows smooth navigation through Sportsbook

Not everyone can find their way through an online environment, especially one with so many options. Nevertheless, FortuneJack’s btc betting platform features a slick and user-friendly environment, designed to allow seamless navigation even to a novice player. Each player can customize the display of odds which could be set to Decimal, American, or Fractional.

The History tab allows you to keep track of your betting history, including active bets, wins, and losses. Moreover, you can also keep track of your overall cashout sum, as well as individual cashout history with an option to filter daily, weekly, and monthly progress. It’s an easy way to analyze your success and use that information to increase your chances for future bets.

My Drafts tab allows you to manage your drafted bet slips and analyze them until you decide to place your bet. This is also a place where you can delete a draft bet slip in case you change your mind or the events get canceled or otherwise unavailable.

A quick overview of Sportsbook betting rules

No game is fun without some rules, the same goes with Sportsbook btc betting. The minimum bet amount is 0.1 mBTC for all events both pre-match and Live. When it comes to maximum cashout amount, the most you can win on a single bet slip is 10000 mBTC.

Conclusion

Sportsbook provides more fun and more events than any other platform and aims to keep the players as happy as possible. There are so many excitements waiting for you with FortuneJack’s latest attraction, so don’t hesitate to take your chance with Fortuna right now.

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