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$1 billion in TRON cryptocurrency gambled in Q1 2019

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$1 billion in TRON cryptocurrency gambled in Q1 2019
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More than $1 billion worth of the TRON cryptocurrency was gambled during the first three months of the year, according to research conducted by CryptoGamblingNews.com.

The surge in betting volumes in the cryptocurrency has come on the back of the launch of tens of decentralised casinos that use the TRON blockchain.

These casinos utilise smart contracts, automating the entire user journey from the wallet to the gameplay, in a way that guarantees the integrity of the games and the user’s funds.

Many of the most popular TRON casinos also automatically redistribute a share of casino revenues to users, based upon how much they have played.

TRON-based casinos have processed wagers of more than $80m in the last seven days, with the most successful, TRONbet.io, reporting volumes of 1.5 billion TRX ($43.5m) over the period, according to data from DappRadar.

Meanwhile CoinDesk reported data from Dapp Review, showing that TRON-based decentralised applications (DApps) generated Q1 2019 turnover of $1.6 billion from more than 432,000 users, adding that 64 percent of DApps on the TRON blockchain are gambling related.

TRON was founded in 2017 but moved to its own blockchain in June 2018, and enjoys a particularly strong following in China. The cryptocurrency has a total market capitalisation of around $1.9 billion.

A spokesperson for CryptoGamblingNews.com said: “The appetite for TRON-based gaming has grown exponentially in a very short space of time. It is remarkable to see decentralised casinos generating turnovers that can compete with far more established, fiat currency competitors.

“However, we are still in the very early stages of TRON development. The casinos that have launched so far offer a relatively limited range of games. If the user experience can be improved, I would expect these volumes to increase by several multiples.”

 

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Cryptocurrency

BetGames Will Start Accepting Fasttoken (FTN) as a Supported Cryptocurrency

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BetConstruct is pleased to announce that BetGames, the leading provider of premium gaming solutions, is planning to add FTN to the list of supported cryptocurrencies.

FTN is the official cryptocurrency of the Fastex ecosystem as well as the adopted cryptocurrency of the leading betting and gaming software provider BetConstruct.

The inclusion of FTN in BetGames’s supported cryptocurrencies will start from January 26th.

To learn more details about FTN, feel free to visit the website www. fasttoken .com.

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Cryptocurrency

BetU changes the game with launch of new crypto sportsbook and casino

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BetU changes the game with launch of new crypto sportsbook and casino
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BetU, the next generation sports betting and casino platform, is now live, bringing cryptocurrency-powered gaming to a new audience and the chance for all players to enjoy a truly VIP experience.

BetU stands apart from many other crypto-focused casino and betting brands in that it places its own cryptocurrency, $BETU, at the heart of everything.

Holders of the $BETU token receive VIP benefits, without needing to meet high wagering requirements. Revenues from BetU will be used to buy back the $BETU token, ensuring steady demand.

Players will also enjoy industry–leading and no strings attached edgeback and lossback of up to 15 percent. Deposits, withdrawals and betting can be made in Bitcoin, Ethereum, Binance Coin, Tether, and the $BETU token itself. KuCoin’s KCS token is also featured as part of a wider cooperation between BetU and the popular exchange’s KuCoin Community Chain.

Paul Rogash, CEO at BetU, said: “We’ve launched BetU because we see an opportunity to raise the bar for cryptocurrency sports betting and casinos. BetU.io is designed to both roll out the red carpet for players while also delivering genuine value to $BETU token holders. At the centre of it all is a world-class user experience we believe can compete with the very best. This launch is an important milestone for us, and we’re just getting started.”

BetU.io is powered by some of the biggest names in the industry, including Betradar for sportsbook trading, Oddin.gg for esports trading and SoftSwiss for casino aggregation.

New features for BetU, including P2P betting and a full affiliate programme, are already in development.

The BetU platform follows the launch of EarnU, a free-to-play sports and esports prediction game for $BETU token holders, and BetU Verse, a licensed metaverse casino, resort and entertainment complex.

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Cryptocurrency

Cubeia launches crypto-focused platform Cubeia Nano

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Cubeia launches crypto-focused platform Cubeia Nano
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New white-label service offers native support for crypto currencies and tokens

Cubeia, the established software development group, has launched a new white-label platform designed to meet the demands of the next generation of crypto casinos, Cubeia Nano.

The Sweden-headquartered group has spent three years developing the lightweight, responsive platform, which is integrated with casino, sportsbook and poker products.

Cubeia Nano is a game-changer for existing and planned crypto casino operators, with support for an incredible 2,000+ crypto coins and tokens, as well as payment via direct banking.

The white-label service, ready for market launch after a successful testing period, offers a powerful streamlined UX designed to boost player engagement, onboarding and conversion.

Operators are in full control of their growing customer base with the platform running in their own cloud account, meaning the operators own, and have direct access to, all player data.

Fredrik Johansson, CEO & Founder, Cubeia, said: “When we started this platform project back in 2019 we did it with crypto in mind. After running it successfully with a limited number of operators we are now comfortable to meet the market at a wider perspective and give more operators the possibility to use our top-of-the-line software.

“We look forward to discussing the limitless opportunities afforded by Cubeia Nano with online operators from across the sector.”

Operators can sample the advanced platform’s capabilities by visiting Cubeia’s demo site, Neobet.io.

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