EOSBet - Decentralized Smart Casino Platform

The Cryptocurrency market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites. With my research, I found this project in which I really put my faith: EOSBET. Very likely you haven’t heard about them, project is made by great team members. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analysis and decide on your own, do you want to send some pennies to the pot.

EOSBet is a gambling game application where players place EOS on unique dice or baccarat games. DApp also claims to be the first community-managed online casino, which allows owners of BET tokens to receive instant prizes on EOS from 100% profit on platform games. Payments are calculated and distributed proportionally based on the number of BET tokens each holder has. On October 16, EOSBet paid the owner of a token of more than $ 1 million in just 2 months operating the platform. EOSBet is a first-of-kind, player-centric gambling platform built on the EOS.IO blockchain architecture. It is fully decentralized, maximally scalable, provably-fair, and offers the hottest casino games with low house edges and zero fees.

EOSBET will utilize the power of smart contracts to perfect and ensure the re-alignment of games globally through easy and reliable independent transactions. This is very important for a common game chain platform that will use coins as a form of appreciation in most game activities and betting to develop the economy among users.

FEATURES OF THE PLATFORM

Fastest Gameplay on the Blockchain

EOSBet is the first fully on-chain platform (meaning EOSBet uses no central servers like FunFair or Edgeless) to largely solve the problem of slow gameplay — a significant pain point for players. They have developed an innovative method for structuring transactions called batch betting, which allows for hundreds of games to be played with near-zero latency. Players simply send one transaction to the network and then play as many games as their hearts desire. Since the average wait time for a transaction to be mined is ~30 seconds, if you wished to play 100 games, our platform would save you nearly an hour in wait time twiddling your thumbs compared to on-chain competitors like Etheroll or vDice.

Bet/Win Easily and Immediately

Playing the games is a breeze. The website conveniently integrates with MetaMask, the most popular browser-based Ethereum wallet. Users place bets in two clicks using our simple front-end interface. Game winnings are automatically and instantly sent to their Ethereum account after the gaming session has finished. Gambling has never been so easy!

True Provable Fairness

Players can have maximum confidence that every element of the games is 100% fair. Each game is simply an immutable smart contract operating on the Ethereum network, the structure of which can be viewed beforehand and whose results can be verified both during and after game sessions. The code has been audited and reviewed by multiple experienced 3rd parties and undergone an extensive bug bounty. The random number generation methodology has undergone considerable research and testing in order to determine the most efficient and secure techniques. Check out the white paper for more details.

Bankroll Staking: Be the House and Grow Your Ether!

All bets are done in Ether, the world’s second most popular cryptocurrency behind Bitcoin. The PoC games allow anyone to invest in the bankroll and take a cut of the game profits. Although EOSBet will be eliminating all house edges on EOS.IO, the PoC games feature a small house edge that functions to fund development and reward contributors. 80% of all game profit is distributed proportionally to the bankroll stakers. Contribute now to get a piece of the action!

Dice

The Dice DApp features all the aspects of the game that players have come to love and expect, all on top of a slick and intuitive user interface, and an ultra-low house edge. All current on-chain Dice games force users to wait for a transaction to be mined before playing, and many don’t even show the outcomes of games, making users check for themselves on a blockchain explorer like Etherscan.io

The proof-of-concept games are the first to largely solve the problem of slow gameplay. Using the batch betting technology, users can place many rolls (up to 1024) in one session, all for just one Ethereum transaction. Players simply input the following:

The maximum number of rolls they hope to play

The minimum number of roles they would like to be guaranteed (if they were to lose every game)

How much to bet per roll

The odds they would like

At 0.5%, EOSBet have the lowest house edge for any existing Dice game, and one of the lowest house edges for any online casino game. Don’t forget, once they move off Ethereum all the games will have no house edge or fees.

Slots

While Dice is the most popular cryptocurrency betting game, Slots are by far the most popular physical casino game. Slot machines account for more revenue than all other casino games combined. EOSBet is one of the first blockchain gambling platforms to offer Slots and has the most favorable jackpot odds anywhere, as well as a massive 5000x payout for the top prize. The house edge of 4.9% is well-below below the industry average of 7–20%. Check out our pay table below.

Most slot machines have confusing pay lines and are unnecessarily complex. After beta testers reported that our 5-reel 25-line game was overly complicated and hard to understand we stripped away unnecessary features and embarked on a full UI/UX re-design. The new space-themed slot machine is simple and elegant, having only 3-reels and a straightforward single-line game.

EOSBet will be airdropping 10% of all 100,000,000 EOSBET tokens to players of Dice and Slots, bankroll contributors, and EOS token holders. Here’s the breakdown:

25,000,000 to EOS Holders!

2.5% of all EOSBET tokens given proportionally to all EOS token holders

25,000,000 to Bankroll Stakers!

2.5% of tokens given to EOSBET bankroll stakers in proportion to the amount of ETH contributed. You also will receive dividends on the ETH you have contributed to the bankroll. A real win-win!

20,000,000 to Dice Players!

2% of EOSBET tokens will be given to our Dice players! If you play more games, you get more tokens! Start rolling and enjoy the lowest house edge on the blockchain!

20,000,000 to Slots Players!

2% of EOSBET tokens will be given to our Slots players! You will get more tokens the more games that you play, so start spinning and hit our 5000x MEGA jackpot!

10 x 1,000,000 JACKPOTS!

The goal is to take the essence of what people love about gambling the thrill, excitement, and ability to win money while having tons of fun — and strip out everything we hate about the industry shady odds, greedy corporations, intrusive sign-ups, and high house edges.

For more information about this project, please visit;

Website: https://eosbet.io/

Twitter: https://twitter.com/eosbetcasino

Telegram: https://t.me/eosbetcasino

Bounty Group: https://t.me/bingobounties

Medium: https://medium.com/@eosbetcasino

Reddit: https://reddit.com/r/eosbetcasino

Gitlab: https://gitlab.com/EOSBetCasino

Author

nugezmils

BITCOINTALK PROFILE

https://bitcointalk.org/index.php?action=profile;u=1729621