VIABET: The next Big Investment for You?

Jayanand Sagar | November 2, 2017 | 1:03 pm

VIABET: The next Big Investment for You?

Jayanand Sagar | November 2, 2017 | 1:03 pm

The lure of online gambling cannot be ignored.  What’s better than sitting in the comfort of your own home and relaxing with your favorite game, and maybe win some money in the process?  This is exactly why it’s become a $50 billion industry.  VIABET wants you to get in on the action and be a part of its innovative approach to online gambling.

In the spirit of blockchain and the crypto-industry as a whole, the platform is decentralized and offers a cloud-based environment for gambling enthusiasts to enjoy.  Users can look forward to peer-to-peer sports betting, dice games, poker tournaments and of course, signature casino games such as blackjack and roulette.

In addition, the platform will support a variety of virtual currencies such as Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin.  This is where similarities to other blockchain-based online casinos end.  VIABET wants to change the gambling world by actually allowing players to become the casino, and being given the house odds.

In this way, players can create their own games and set their own parameters and rules for each one.  Users will then bet using VIA tokens against the house, which in this case will be the player that created the game.

However, there is a process to “becoming the casino” for interested players, which makes use of a double-token system.  They will have to purchase and stake VIA tokens before playing a certain amount of games against the VIABET casino house, or against players who have already become casinos, to earn Edge tokens.  These utility tokens can also be transacted within the platform.

Once a certain amount is accumulated, the interested player is then qualified to become the casino and act as the house.  When playing one of their games, the loser of the game will be debited with the wagered amount, while the casino will be credited.  Gaming companies can also use this platform to launch possible new games.

To prevent a situation where all of the users on the platform have become the casino, VIABET will depend on Edge tokens.  Casino-qualified players will spend these tokens when they’re operating as the casino, but will be able to earn tokens when they’re playing as regular users.

As you can see, VIABET is quite different and unique from other decentralized gambling platforms as they present a truly revolutionary way to improving this lucrative industry.

The platform’s Pre-ICO sale is scheduled for the 14th of November.  A total of 70 million VIA tokens will be created, of which 70% will be available to purchase.  Contributions will be accepted in Ethereum with 1 ETH equal to 1000 VIA.  The price per token is currently set at $0.34 with a goal of raising $10 million.



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