ZeroEdge Casino is a gambling platform which offers players an equal odds of winning against the house, i.e. 0% house edge casino games such as Blackjack, Video Poker, Roulette, and many more. The casino will also have a sportsbook that will act as an exchange with 0% commission bets.
The project was first presented at Blockchain Summit in Kyiv on November 25th. The team of professionals from multiple industries got together to build the first online casino which doesn’t rely on player’s losses as a primary source of revenue, but instead is based on casino’s cryptocurrency value growth. Simply put, ZeroEdge Casino offers the best odds in the market with all games having a 0% house edge, including sportsbook and poker tables.
The business model is based on casino’s cryptocurrency which is required in order to play these games. This naturally creates a demand for the token and with a limited supply, the value of the token increases as more people seek for it in order to play. As a result, players can earn by playing at the casino with the best odds AND by holding the token as its value increases due to rising demand and wider adoption (similarly as Bitcoin).
Adrian Casey, Zero Edge founder and CEO, said:
While we expect our 0% house edge casino games to attract a wide range of customers, what we truly want to put in the forefront is our 0% commission sports betting which has never been seen on the market before.
He also noted:
The traditional online gambling market is rife with issues that even Bitcoin wasn’t able to solve. Players should have just as much chance of winning as the house, however, this is currently not the case. This is exactly what Zero Edge is trying to solve by providing a truly fair & transparent gambling, which has a potential to disrupt the whole online gambling industry.
ZeroEdge Casino is seeking to raise at least 5000 ETH to launch its product in full scale. Upon launch, the casino will offer 0% house edge BlackJack and Video Poker as well as sports betting with 0% commission. ZeroEdge Pre-ICO is scheduled to start on February 28th.
To find out more about Zero Edge Casino visit https://tokensale.zeroedge.bet/.
What do you think of ZeroEdge utilizing a “house token” for its sportsbook and casino games? Does it create a built-in market and liquidity for the tokens? Let us know what you think in the comments below.
Images courtesy of Zero Edge Casino
The post Zeroedge.Bet – a Revolutionary Approach to Gambling with 0% House Edge Games & Single Cryptocurrency appeared first on Bitcoinist.com.
Written by Bitcoinist.net @ http://bitcoinist.com/zeroedge-bet-revolutionary-approach-gambling-0-house-edge-games-single-cryptocurrency/ February 11, 2018 Bitcoinist.net