The ZeroEdge gambling platform is about to complete its presale. This is the last chance for contributors to receive a massive 58% bonus for their participation.
Online Gambling With a Big Difference
ZeroEdge are hoping to create the world’s first gambling platform with 0% house edge. If you thought the house always wins? Well, they don’t anymore…
The team behind ZeroEdge will provide the tools and infrastructure for players to build and operate their own games on the platform. The aim is to form the planet’s largest gambling network of games with literally no house edge whatsoever. This will in turn drive the adoption of their token, Zerocoin.
The problem ZeroEdge identify with current online gambling models is the obscene house edges at casinos. They estimate that players lose $40 billion every year to online gambling sites.
This house edge guarantees that the casino will win over time. Sure, they might lose today to a single player. However, over the course of thousands of bets, they are mathematically assured of a long-term win.
Take blackjack for example. In a game of blackjack, it doesn’t matter how well a player plays. The house will always have an edge. This is built into the rules of the game. The player can play a perfect strategy against the casino and over time, the casino will still win.
The house edge when playing perfect strategy blackjack is around 1%. If you make stupid mistakes (splitting tens, doubling versus an Ace, and so on), you can dramatically increase this. Based on this model of edges, the house always wins a little and sometimes it wins a lot.
ZeroEdge are hoping to change this though. They think their zero percent house edge games will draw people to the platform. The games on the network will exclusively use their token, the Zerocoin. The company hope that the holders of Zerocoin will profit from the value of the token increasing rather than how current gambling providers’ shareholders profit when the casino beats a punter.
They want to create a network of many different gambling websites. These will use ZeroCoin and there will be no house edge whatsoever.
The idea is that players will favour ZeroEdge games because they are more likely to win at them. This will increase demand for the Zerocoin itself and the value of it will increase too.
The platform are hoping to offer sports betting, live betting, casino games, and poker. It will also offer players a range of other advantages too. These include almost free and instant transactions, transparent gaming, checkable random number generators, and verifiable game outcomes.
The pre-ICO funding will end in around 17 hours (15/03/18). In terms of contributions, it’s 80% complete at present.
This pre-ICO phase is offering a huge 58% bonus to the earliest contributors. During this round of funding, 1 ETH token will buy 60,040 ZERO tokens.
After the pre-sale, the price will be 24,000 ZERO for every 1 Ether.
There will be additional discounts of 15% for week one and two contributions, 10% for week three and four contributions, and 5% for week five and six contributions.
All other contributions will be at a rate of 1 ETH = 24,000 ZERO until the ICO close on August 1. There will also be a soft cap of 3,000 ETH and a hard cap of 30,000 ETH affecting the sale.
If you like the idea of zero percent house edge at an online casino, head over to the ZeroEdge website to contribute. There are full instructions on taking part in the pre-ICO listed there.