Crypto Stake - Highly profitable Decentralized Gambling Ecosystem of the future

qikiye (25)in #blokchain • 3 years ago

Project overview

This new online gambling centre uses blockchain technology in any casino, lottery, or any game using random number generation (RGN) a first of its kind creating transparency, trust, and very importantly security.
This amazing new platform will have its own dedicated exchanged on board so any punters can exchange any Crypto Currency they hold to Crypto Stake and take advantage of higher betting odds, if you don’t have time to exchange place your wagers using any top 100 Crypto you hold or even use fiat, we aim to provide a service to everyone irrespective of the currency they wish to use, betting on casino gaming or sports book events is being catapulted into a fantastic new modern-day existence.

Why people will prosper investing in this ICO, the Pre-Public Sale price starts at $0.15 followed by 10 public rounds increasing by 5 cents per round easy to see how your investment is going to pay off when the Token hits the exchanges at $0.70. Crypto Stake forecast the demand for this currency.to be very high given its unusual use and benefits previously explain in this article.

Features of Crypto Stake

Anonymity : Some crypto casinos allow gamblers to create an account with only a username and password. You don’t have to provide your legal name, address, phone number, date of birth, or any piece of information of that nature. For various reasons, lots of players do not wish to disclose their identity; therefore, using cryptocurrencies is the perfect solution.
Larger bonuses : From our research, Bitcoin casinos tend to offer larger bonuses than regular casinos. Equally, there are a handful of sites that accept both fiat money and crypto deposits, and the bonus offers are typically bigger for crypto gamblers. We aren’t exactly sure why this is the case, but it is. So, if you’re a high-stakes player, using crypto as a payment method is the best way to go.
Before you go crypto : There’s no doubt that using crypto at an online casino has many perks, and we haven’t even mentioned that pure crypto casinos use provably fair algorithms that guarantee the fairness of each game. This data is open source, meaning that it can be checked and verified on the blockchain. Complete transparency, so no rigged games.
However, it’s only right to highlight that the price of these digital assets is extremely volatile. Bitcoin, for example, reached $20,000 in late 2017; by 2019, it had dropped to around $3,000, and in early 2021, it was back up to over $60,000. At the time of writing, it’s now just over $31,000.

This is something to bear in mind. You could get lucky, and the dollar value increases, which gives you greater wins at the casino, but if the value of the digital asset drops, the opposite applies.

Benefits of Crypto Stake

Crypto Stake Token
There has been a recent rise in crypto currency-based betting services to meet the demand of a market that prefers its use over fiat currency. While popular, these escrow services follow an unfavourable trend of utilizing cryptocurrency in a centralized manner, creating counter party risk that did not previously exist. This occurs as users entrust the ownership of their cryptocurrency to services which are susceptible to hacks and leave little recourse to victims of theft. We propose a sports betting exchange which solves this issue by means of decentralization, removing central points of failure to allow the use of cryptocurrency without counter party risk.

A sports betting exchange is a marketplace for the trade of sporting outcomes. Unlike a traditional sports betting platform, a sports betting exchange eliminates the need for a central bookkeeper and instead enables users to place bets against one another. This paper details Block Sports, a decentralized sports betting exchange that approaches the concept of a Block chain-native sports betting platform with two key objectives Crypto Stake is creating a decentralized and trusted framework for sports betting and providing a rich user experience through an off-chain service layer.

Utilizing the waves Block chain, a solution is proposed which integrates a decentralized oracle consensus network with a series of smart contracts, allowing users to place bets on sporting outcomes with waves. The result is a platform that solves the issue of counter party risk while still remaining competitive with traditional sports betting exchanges and giving full transparency in casino gaming through Block chain technology.

Tokonomics

Token Name: Crypto Stake
Token Ticker: CST
Blockchain Platform: Waves
Total Supply: 200,000,000

Conclusion

World gambling statistics show that around 26% of the population gamble. That means around 1.6 billion people worldwide gamble and 4.2 billion gambles at least once every year. The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars, meaning the size is forecast to double in the upcoming years.

Online gambling consists of playing casino games, poker, and sports betting via the internet. Due to factors such as the advancement of technology available higher trust of gamblers paying online, and the increasing digitization of the world due to blockchain, Crypto Stake able to grow their sports betting platform, thereby further supporting the market’s growth.

Crypto Stake - Highly profitable Decentralized Gambling Ecosystem of the future

Coin Marketplace