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This Blockchain-Powered Platform Aims to Disrupt the Gambling Industry

Jeff Francis | Nov 15, 2017 | 12:00

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VIABET is poised to completely transform the online gambling industry as the blockchain-based, cloud betting platform allows players to operate their own casinos and reap the rewards. Investors can enjoy a massive 40% discount during the VIABET token pre-sale that is currently underway.

[Note: This is a sponsored article.]

Gambling has long been a profitable enterprise as can be seen by the success of cities like Las Vegas and Atlantic City. Even governments participate in gambling by offering lotteries and scratch-off tickets. Now gambling is even bigger (as well as easier) by going online.

The current value of the online gambling industry is a staggering $50 billion, and this number is expected to increase to $56 billion in 2018. However, only a mere 5% of online gambling is attributed to cryptocurrency gambling. This is an incredibly massive opportunity as 95% of the fiat market is up for grabs. VIABET aims to gobble up this market share by introducing blockchain-based cloud betting where players can create and operate their own casino games.

VIABET Offers Solutions for Lingering Online Gambling Problems

There are a number of issues impacting online gambling at the moment. The biggest one is trust as players cannot see the other players or the house as they’re sitting alone at home. Another trust issue is that players cannot see the underlying game mechanics and random number generating system to ensure that everything is on the up and up.

VIABET solves these issues by bringing transparency and provable fairness to online betting that can be seen by everybody via the blockchain. VIABET is the future of online gambling as it’s based on the core concepts of decentralized gambling, a 0% gambling edge, and provable fairness, which will cause players to flock to the platform.

VIABET is a technological launching pad that allows players to not only actively take part in online gambling through blockchain-based cloud betting, but to also actually become the house and host their own casino games. From roulette to poker to dice games, players can set up their own virtual casino and enjoy house odds as other players bet against them. No other online gambling platform offers anything remotely similar to what VIABET is bringing to the table.

The Basics of VIABET

The nuts and bolts of how VIABET operates is extremely easy. The decentralized, online gambling platform uses a double token system. VIA tokens are used for normal gameplay and betting, and these tokens can be purchased during the current ICO pre-sale. Edge tokens are the second platform token, and players can only earn these by playing games that are hosted by VIABET or other players. Players can then use Edge tokens to launch their own games (and even set up their own rules), and these Edge tokens are then deducted as the player operates their own virtual casino. When the player runs out of Edge tokens, they can gain more by just playing against a casino house.

The development team at VIABET says:

VIABET acts as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. Similar to the way Ethereum created a world running on DApps, VIABET aims to create a transparent and incentivized platform which proves itself to the world by remapping the online gambling industry. The platform is powered by an Ethereum-based ERC20 protocol token called VIA (XVIA) guaranteeing absolute casino transparency.

VIABET ICO

VIABET is offering 49 million VIA tokens in total during their ICO, but only 9.8 million are available during the pre-sale, which is underway and lasts through November 21st. However, demand is sure to be high as there is a cap of 7000 ETH during the pre-sale, which means that tokens are likely to sell out before the deadline. Early bird investors can take advantage of the 40% bonus that’s being offered during the pre-sale.

The remainder of the VIA tokens will be offered during the VIABET ICO, which will begin on December 11th. Investors can also earn discounts during the various rounds of the ICO, and these discounts are:

• 20% for Round 1 (starts on December 11th)
• 15% for Round 2 (starts on December 18th)
• 10% for Round 3 (starts on December 25th)
• 0% for Round 4 (lasts from December 31st, 2017 through January 7th, 2018)

Online gambling is huge, and it’s only going to get bigger. VIABET is primed to become the 800-pound gorilla of online gambling by understanding that the blockchain is the future of online gambling. It offers a decentralized, blockchain-based cloud betting platform that allows for complete transparency and provable fairness, which solves the problems facing online gambling today. VIABET is utterly unique in that the platform fully allows players to operate as their own casino, with the games of their own choosing, and enjoy the benefits of house odds. Overall, VIABET is poised to take full advantage of the vast 95% market share of online gambling that cryptocurrency gambling has not tapped into yet.

To learn more about the VIABET platform and their upcoming ICO, you can visit their website, Facebook, Twitter, Reddit, Telegram, YouTube, and Bitcointalk.

What do you think of the idea of being able to host your own casino games through a platform like VIABET? Let us know in the comments below.

Images courtesy of VIABET