CashBet Review
Introduction 1
Problem 1
Solution 1
Team 1
Development 2
Roadmap 2
Partners 2
Market 3
Conclusion 4
Introduction
CashBet Coin is a new ERC-20 token meant for the gambling industry.
Launched in 2012, CashBet is already an established, profitable and licensed iGaming platform for real money, social, and skill-based gaming, which enables operators to run a legal and profitable iGaming business.
Problem
Mobile gaming and cryptocurrency are currently fast growing and demanding markets.
But while cryptocurrencies are gaining acceptance, crypto-ready casinos still face speed, trust and cost challenges.
Most lack transparency, experience and regulation which leaves players susceptible to scam and lack of fair play.
Solution
CashBet is merging blockchain into their patented iGaming solution and issuing CashBet Coin to solve these problems.
CBC will be the currency of choice on CashBet-powered casinos. Players will be able to take advantage of fast and trustworthy transactions with immediate waggers and payouts, and access to VIP membership. Partners will have reduced maintenance and licensing fees.
Team
The CashBet team are gaming systems veterans, with over 20 years experience, who have successfully developed and sold 2 prior online gaming platforms.
Other key members of the engineering team are active in the blockchain community.
Development
Roadmap
CashBet Coin will integrate to the Ethereum blockchain in four phases until Q1 2019.
The first phase will be the VIP program, this Q2 2018, which benefits CBC holders.
The second phase will facilitate CBC to fiat currency conversion, and vice-versa, during bets.
The third phase, CryptoRGS, will accept any cryptocurrency without the need for fiat currency conversion.
The fourth phase, CrytoGo, will use off-chain transactions technology to eliminate the need for wallets or deposits, facilitating instant wagers and payouts.
Partners
Cashbet already has over 10 gaming operators and has recently announced that the CashBet Coin is the exclusive blockchain partner of the Arsenal Football Club, the first cryptocurrency partnership with a major sports team.
Market
Online gambling became a $43 billion market in 2016 with prospect of achieving $65 billion by 2020.
CBC total supply is 430 million tokens where around 143 million are for the token sale.
CBC crowdsale just ended in April 27 and investors paid between $0.40 and $0.75 per token.
This would have put put CBC with a marketcap of around $323 million, making top 70 coinmarketcap coins and just above FunFair.
Conclusion
Although it’s not an original idea and there’s many competitors in the traditional markets and in the crypto space, Cashbet coin already has a business model with an over 5 years licensed and patented platform, an experienced team and a big endorsement from Arsenal F.C., thus giving Cashbet coin a great opportunity to succeed in the gambling sector.