CashBet announced on Wednesday it has raised $38 million (EUR32.9m) through an auction to create the first global fully-crypto-ready mobile iGaming system.
The token distribution process is taking place after participants from more than 100 countries contributed to helping the company reach its hard limit of 142,975,000 tokens. This is which is, not surprisingly, the biggest token sale to this point.
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The token allocation will run until June 30th The company believes that it will help advance fair gaming and fair gaming products, cut the business expenses of the industry, and improve player functions such as speed of payout. All this is going to create CashBet Coin (CBC) a significant cryptocurrency in the iGaming industry, and has been listed in Bittrex as CBC.
Established in 2012 by industry veterans from the gaming industry, CashBet is the first-ever crypto-casino platform to receive licenses from several top gaming jurisdictions. It’s combined the vibrant market of mobile gaming that is driven by demand and crypto with the aim of providing global access to top-quality iGaming which is fast efficient, rational and reliable.
With more than 450 titles available that are available on the platform CashBet provides an unrivaled collection of the most well-known casino games like roulette, slots, blackjack and bingo, video poker and many more. For a complete review of roulette, make sure to visit roulette17.
CashBet’s platform is a plethora of options for real-money, social and skill-based gaming applications as well as websites across the globe. It includes players management systems, CMS, content distribution channel, geo-verification system and a secure gaming module. Through the integration of CashBet’s software game developers are able to legally launch gambling games online without the need to obtain a license.
The current CBC Partners comprise Lottery, Greentube and Imperial Play, as well as English Premier League football club Arsenal. This makes Arsenal, the northern London club the first football club of any major to sign a partnership that includes cryptocurrency. This partnership will offer CBC significant exposure at Emirates Stadium during home games and Lottery will utilise CBC as a payment method for its websites and applications.
With unparalleled player protection, low fees, member bonuses as well as the highest degrees of transparency as well as confidence This platform is set to revolutionize the iGaming platform as well as the crypto-casino and gaming worlds. As per Mike Reaves, CEO and Co-Founder of CashBet using an CBC token for a payment option will enhance the entire gaming experience, and will attract new players.
We are looking forward to continuing to grow CashBet into the CashBet community and to deliver our plans to create the first fully cryptocurrency-aware mobile iGaming platform.”