Quintessence Of The Gambling Platform EosBet.

moshaid (35)in #bet • 6 years ago

EOSBet recently made an announcement of their secure accreditation from one of the world’s oldest/ largest established online gambling regulators called "Curaçao eGaming". This regulatory body located on the Carribean island is one of only 4 Curaçaon companies to be issued with a Master Gambling License from the state’s Ministry of Justice, which grants Curaçao eGaming exclusive powers to sub-license other gambling platforms. This license enables EOSBet to operate all forms of interactive gambling. The platform is the first of its kind to receive a license and will benefit from the trustworthiness instilled in it.

About The Platform.
The EOSBet smart casino is a fully on-chain gambling dApp, in which players wager EOS on a dice throwing game or a uniquely designed baccarat game. The platform is among the top-rated dApp on the EOS network, with a betting volume of over $5 million. EosBet has been created to address the fundamental problems of existing centralized online gambling platforms, among which are:

Lack of trust and transparency.
High fees and high house advantages.

The Ecosystem.
Eosbet dApp is known to be the first ‘community-driven online casino’, which allows BET token holders to receive instant rewards in EOS from 100% of the platform’s game profit. Likewise payouts are calculated and distributed proportionally based on the number of BET tokens each holder possesses.

Quick reminder that on October 16th, EOSBet paid out over $1 million to token holders after only 2 months of the platform being live.

The platform is now fully live, the team expanded and worked toward securing the license. According to one of the Eosbet member named Frej, he said "We've worked relentlessly to make this license succeed and we will continue to strive to be the standard for smart casinos".

For those wondering how the dice game is played. Here's a short detail on how to go about it.

The Dice Game is an easy game where users can bet on a rolling dice between 1–100.

First, user go through the logging in process on the EOSBet website.
After that users can see their account balance which contains the amount of EOS and BET tokens.
Now set the number of EOS to be betted.
The quantity of EOS to be won will be displayed.

Then an Information such as probability of victory is displayed.
User will see their current amount of EOS on their account.
After all this, click the “ROLL DICE” button to start, it will show you another Scatter popup to confirm the Signature.
Below the “ROLL DICE” button there's a slider. Use this slider to the amount of risk you are willing to take on a bet. Don't forget that the higher the risk the higher the reward.
Click the “ROLL DICE” option which will spin and show the result on the slider.

Sharing your referral link can as well earned you 0.5% of all bets made by the referral, so you both benefit from it.