Cryptocurrencies Aiming to Revolutionize a Gambling Industry

Aayush Jindal

7 years ago

2 mins read

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2017 was a memorable year for the crypto world. Bitcoin and other cryptocurrencies have seen a significant growth and wider adoption while numerous projects raised millions of dollars in capital via Initial Coin Offerings (ICO). Some call it the future of money, others say it’s a bubble. Whichever it turns out to be in the end, the recent upsurge in Bitcoin’s price and the whole crypto market suggests that it isn’t going anywhere soon…

There is no doubt that we are in times of a present-day Gold Rush and nobody wants to miss out on the extraordinary returns if products hit critical mass and investors get in early. So the question is, which sectors are likely to winners in 2018?

Answer: you can ‘t go wrong with gambling. In 2013 just over 50% of all bitcoin transactions were related to gambling. Moreover, since 2014, roughly 3.7 million BTC has been wagered equating to $37 billion USD at the time of writing. The crypto gambling market size is constantly increasing but is only a tip of the iceberg compared to the global online gambling industry. One upcoming ICO is seeking to disrupt the industry by taking a new approach to gambling and offering new opportunities.

ZeroEdge.Bet is a new type of blockchain based online casino whose business model revolves around its cryptocurrency’s value growth rather than the cash flow from casino games like in traditional model. As a result, all casino games at ZeroEdge.Bet are with 0% house edge, meaning players have just as much chance of winning as the house. The casino will also offer a first-ever 0% commission sports betting exchange where players can choose to bet on a multitude of different leagues and sports.

The simple feature that makes Zero Edge model work is that all betting on the platform is performed using Zero Edge Casino’s cryptocurrency named ZERO. The supply of ZERO tokens is fixed, so as demand and adoption of ZERO token grows, so does its value (Based on Metcalfe’s Law). Therefore, ZERO token does not only perform certain functions on the platform, but it also presents itself as a viable long-term investment due to its design.

On November 25^th, ZeroEdge.Bet had its first official introduction during Blockchain Summit Kyiv 2017. The team was in attendance to shed a light on the current online gambling market and how blockchain and smart contracts can be utilized to create a more socially responsible, sustainable and efficient gambling environment for both the players and gambling providers.

ZeroEdge will be holding its early Initial Coin Offering (ICO) this month when the public will be offered to purchase an initial supply of ZERO tokens for a discounted price. To find out more about the project, visit https://tokensale.zeroedge.bet

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.