The Marginless ICO doesn't have long left, they've currently already raised nearly 6,000 ETH which surpasses their softcap.
Check their website here
The problem with betting is that those involved in placing the bets simply believe that the odds are unfair and always against them. This, in turn, restricts their ability to bet as they feel they are up against it resulting in it being a major turn-off. Marginless is a start-up company that is hoping to change all of that, and even though they are not the only betting app to use blockchain technology, there is still enough about them to justify checking out what it is that they have to offer.
The team behind the project state that they are going to be able to offer a betting opportunity that manages to remove so many of the issues surrounding the industry while also providing its users with a fairer platform where the odds are not always against them. As was mentioned earlier, they are not the only people doing this and there has been some real success with the blockchain, so there is certainly a substantial amount of promise.
Furthermore, the usual complaint for the change in odds is because the companies are going to be taxed and they will then pass it on to the people placing the bets. Marginless state that they offer a peer to peer betting platform which helps to get around a number of the taxation issues without it affecting the people that then use their platform.
So, they claim that they will be able to change the face of betting, but we need to look at the technical side a bit closer to fully understand their approach.
The company states that all of the data that is created via betting is going to be placed on the blockchain in order to not only preserve it but to also provide complete transparency from the outset. Individuals can bet on events and they are then paid via the platform the very moment that the event is over. This can occur thanks to the use of Smart Contracts between both parties with the agreement being that the final resolution occurs as soon as that event is complete.
In addition, with the data being stored on the blockchain, it does mean that you are able to check out your own individual betting history as well as access additional information that will then allow you to potentially improve your betting chances in the future.
Furthermore, they will be creating their platform on Ethereum, and that does bring a number of real advantages with it from a security point of view. With instant payouts, and the potential for a considerable amount of money to be wagered, then you clearly want to know that everything is secure as possible.
With peer to peer betting, you at least know who you are dealing with and those contracts are going to make a substantial difference as everything is put into place before the bet is complete.
The platform has a number of clear advantages associated with what they are offering. By making the odds and chances of winning in the favor of the person placing the bet, then it is easy to see why people would be drawn to it as a betting option.
They are also making sure that everything does indeed go on the blockchain offering complete transparency which is essential when it comes to building trust between everyone. When you are doing a peer to peer betting option, then you can see why trust will be so important as it will then form the basis for the entire platform.
There are a number of details available for the ICO and it does help to paint a picture for the potential of the project.
During the ICO, they have stated that they will be able to accept a number of different cryptocurrencies. For this, they accept ETH, BTC and LTC while they have also set up both a soft and hard cap for the ICO. The soft cap has been set at 4,000 ETH while the hard cap is at 21,000 ETH.
Also, they have created an exchange rate for their tokens during the ICO. This exchange has been set at 1 MRS equating to 0.0001 ETH. They have also stated that there will be a total of 210,000,000 tokens made available for the ICO and this represents some 70% of the final number of tokens created for the project.
Finally, you should note that the United States will be excluded from the ICO which is not that unusual for a number of projects.
Marginless is not seeking to do something completely new, and their are other gambling projects on the blockchain but that should not put you off getting involved. The betting industry is large enough to be able to deal with another company offering a new form of betting while using cryptocurrency, Marginless also offers users many key benefits over most of their competitors.
It is easy to see why people would be drawn to a system whereby they know that they are more likely to win or it is at least fair, which cannot be said about the majority of betting companies that are already out there. This is a huge draw card and it could be the thing that helps them to become more established in a relatively short period of time.
However, should you invest in the ICO? The short answer with this is yes and it is more to do with the industry that they are operating in simply because of the sheer size of what we are talking about. As people become more familiar with cryptocurrency, and are also going to build their trust in the blockchain then you can see why more would switch over to betting in this area.
Thanks to this, you can see how the value of the coin would increase quite considerably but it all does come down to their ability to get people onto their platform as quickly as possible, which is why their marketing will be so important.
Website: marginless website
Whitepaper: https://www.marginless.io/docs/MRS_Whitepaper.pdf
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1153986
Check my Telegram channel for ICO announcements:
https://t.me/cryptoicocoinnews
