• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Giant Binance In Hot Water: CEO Responds To Trading Violation Claims
Cryptocurrencies are Aiming to Revolutionize the Gambling Industry
Advertisement

Zerocoin Aims to Become a Standard Crypto Currency for Online Gambling

Bitcoinist by Bitcoinist
5 years ago
in Sponsored Article, Altcoin News, Blockchain, Casinos, News, News teaser
0
Advertisement
Advertisement

There seems to be a sudden surge of ICOs in the gambling space, and Zero Edge has caught our attention. It aims to create a cryptocurrency for the online gambling space and they have an ICO coming up. Zero Edge is a decentralized online casino and an open protocol which aims to offer players 0% house edge casino games, fee-less sports betting and an open source platform for building online games.


Zero Edge will be creating their own token named Zerocoin which is a fundamental part of their business model. Adrian Casey, CEO of ZeroEdge, says:

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!

The Zero Edge Casino model is based on Metcalfe’s law and factual Bitcoin price growth. Casino players, i.e. Zerocoin holders will not only be able to play 0% house edge games, which offer a truly equal odds of winning against the house but will also see their Zerocoin value increase as a result of increased demand and adoption of the token.

The blockchain use case for Zero Edge is mainly in providing decentralized trust. All games will be publicly verifiable on the Ethereum blockchain without negative effects on user experience during the game session. Furthermore, Zero Edge Casino will have a sophisticated and audited random number generator (RGN) mechanism to ensure complete randomness of its games.

The Need

Casey believes that the main problem with the online gambling industry today is that it is a purely profit-driven enterprise with marginal consideration for consequences of its practices.

He notes:

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

The simple solution to the problem is creating a platform where playing games is ‘free’. Players are not required to pay any fixed amount of money to be able to play at the casino. This can only be achieved by creating a closed loop economy with its own token where players purchase the token with fiat or crypto. Since the supply of ZERO is limited, its value is directly proportional to demand.

What makes Zero Edge stand out from its competitors is that its business model is based on its token’s value growth rather than the cash flow generated from casino’s games.

Zero Edge logo

The Team and Product

The team at Zero Edge is lead by a CEO who has spent 6 years with two of the biggest names in the betting industry, namely William Hill and Centrebet. Casey is supplemented with a good tech and marketing team, many of whom have had past experiences in the betting industry.

The advisory team is dominated by legal experts, professionals in the betting industry, and other entrepreneurs in the blockchain and cryptocurrency space. A good thing to note here is that while there aren’t any mainstream big names on the team or advisory board, preliminary LinkedIn verification shows a very focused emphasis on the betting industry.

As far as the product goes, you can check out some of the games in the casino section on their website, with some other verticals such as sports betting, are still under construction.

Ancient gaming dice - Louvre Museum

Our Take

Gambling has been a part of human life even before written history. The earliest six-sided dice date to about 3000 BC in Mesopotamia. This has translated to a huge betting industry in today’s day and age, where the global online gambling market was $37.91 billion USD in 2015 and is estimated to reach 59.79 billion USD by 2020, at a CAGR of 9.5%.

Zero Edge ticks all the boxes when it comes to the market size, the problem it is solving, the team, and product. The fact that they already have a working product is particularly reassuring. There is also a good incentive for early investors. The company will launch its early token sale (pre-ICO) in February, at which time the public will be offered the opportunity to purchase a limited supply of Zerocoins for a discounted price.

Join their Telegram Channel – https://t.me/zeroedgecasino

Visit Zero Edge – https://tokensale.zeroedge.bet

Zero Edge seems to have it all – 0% house edge, no-fee sports bets, and an open source game development platform – which of these is most appealing to you as an investor? As a player? Let us know in the comments below.


Images courtesy of Zero Edge, Louvre Museum

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.

Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Seedify Incubates and Launches ChainGPT, An AI Solution for the Crypto and Blockchain Industry

Seedify Incubates and Launches ChainGPT, An AI Solution for the Crypto and Blockchain Industry

5 hours ago
Tezos Mumbai update

Tezos Activates Mumbai, Introduces Smart Rollups

8 hours ago
Horse Racing not on Gamstop

Horse Racing not on Gamstop

2 days ago
Top 3 Tokens To Diversify Your Portfolio:  With Maker (MKR) and NEM (XEM) See Massive Recovery and TMS Network (TMSN) Price Exceeds Expectation With Its Presale

Top 3 Tokens To Diversify Your Portfolio: With Maker (MKR) and NEM (XEM) See Massive Recovery and TMS Network (TMSN) Price Exceeds Expectation With Its Presale

2 days ago
Nasdaq

Nasdaq Targets Mid-2023 For Crypto Custody Launch

6 days ago
Best UK Bingo Sites not on Gamstop

Best UK Bingo Sites not on Gamstop

6 days ago
Please login to join discussion

Premium Partners

Premium Casino Partners

Play Finance

Trending Projects

  • 5 Best Upcoming ICO List of March 2023

    1 week ago
  • Crypto Investment for Long term: 3 Coins to keep your eye...

    1 week ago
  • Cryptocurrency to invest in March 2023

    1 week ago

Top Casinos

BitStarz
BitStarz
Punt Casino
Punt Casino
mBit
mBit
1xBit
1xBit
UU.Game
UU.Game
K8
K8

Press Releases

  • Cryptocurrency News: Analyst’s Top 3 Picks: Polygon...

    3 hours ago
  • The 5 Best Cryptos under $1

    4 hours ago
  • Volt Inu Announce that VoltiCard – A Prepaid Virtual...

    4 hours ago
  • Top Altcoins To Buy For April: Avalanche (AVAX), BNB (BNB)...

    4 hours ago
  • Ripple (XRP) and Nexo (NEXO) on the Rise as Orbeon Protocol...

    4 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2023 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • Gambling
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Industry News
    • Press Releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Events
  • Play Games
  • Play Casino Games
  • Win 1 BTC
  • Play Finance

© 2022 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.