We expect to listed be on several exchanges following the ICO which could be as soon as next month.

When I said invest in platforms I was talking about scalable, future-proof investments. Investing in a platform sets you up to win long-term. We're not talking about some generic dice site, this is a real platform, with real-world use case scenarios. Decentralized casinos have the right idea, but as investments, they're far from ideal. First off, they're limited. Do you think any of the current crypto casinos are going to get big with the normies paying with fiat? There's nothing ground-breaking about any of them. At the end of the day, they're all just turnkey casinos, more or less. You want a platform that's willing to take the next step and push the gambling industry forward. It's just logical progression. VIABET acts as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. In the casino business, the house always wins. So if you have a few BTC to spare, it's probably smarter to invest in a platform and generate money while you sleep.

There are currently three core members working on the project. There's room for aggressive expansion moving forward.

When I said invest in platforms I was talking about scalable, future-proof investments. Investing in a platform sets you up to win long-term. We're not talking about some generic dice site, this is a real platform, with real-world use case scenarios. Decentralized casinos have the right idea, but as investments, they're far from ideal. First off, they're limited. Do you think any of the current crypto casinos are going to get big with the normies paying with fiat? There's nothing ground-breaking about any of them. At the end of the day, they're all just turnkey casinos, more or less. You want a platform that's willing to take the next step and push the gambling industry forward. It's just logical progression. VIABET acts as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. In the casino business, the house always wins. So if you have a few BTC to spare, it's probably smarter to invest in a platform and generate money while you sleep.

You earn "edge" for every round played regardless if you win or lose. Players can use them to launch and host games with VIABET. Keep in mind, the platform uses a Double Token System (DDS) which means you'll need both VIA (XVIA) and Edge Tokens.

For businesses, there are several options available. By far of the most attractive options is going through the VIA Marketplace (you can read about it more in the whitepaper). By doing so you can bypass Edge tokens altogether while also receiving the benefits of our promotion. You can open up an entire casino environment and really scale your business. I think that's one of the coolest aspects of our platform. By design, Edge is an in-house utility token that can also be used as a unit of exchange between players within the VIABET platform. So even though you can't buy it or sell it, that doesn't mean it couldn't be exchanged between users for BTC, XVIA, ETH or whatever.

You cannot buy "Edge" tokens, they can only be earned by playing against the VIABET casino house or by playing against other players who have qualified to host games. You can only buy VIA (XVIA) Tokens.

The only criteria for launching and hosting games on the platform is owning both XVIA and Edge tokens.

Yes, 40% of ICO funds will be allocated to the bankroll.

Verifying transactions over blockchain ensures that no single player holds an advantage at any stage of the gambling process. This provides greater resilience against fraud and prevents manipulation. Transactions on the blockchain are also transparent to others and are therefore verifiable.

Hi Monica,

The spreadsheets should be updated sometime later tomorrow.

Thanks for the update. Let me know once you're done translating the whitepaper as well.

You can go ahead and calculate the token price based on the current price of Ethereum.

1 ETH = 1000 XVIA

Those are some legitimate questions and I wish you've started out by asking those. I agree that there are a lot of scams out there so for the sake of transparency, let me answer. (We're actually working on an interview that should answer all of these questions more thoroughly)

There’s currently me and two other people. We all have a background in software development. We're also working with freelancers/developers from all around the world. My name is no secret. As a team though generally, we prefer to stay out of the spotlight and retain our privacy, I'm not going to deny that. I wouldn't say we're newcomers to the crypto space but we're not widely known either (yet). Me personally, I’ve spent the better part of my adult years as a software developer, professional day trader and poker player. We started working on the project in 2016 and have from then on received venture capital funding. With the rise of provably fair cryptocurrency casinos we came to realize that most of them are not that “provably fair” after all. That’s when me and two of my developer friends started brainstorming ideas for the concept of “cloud betting”. Essentially a system where players could create and launch their own games in an online casino environment. A system where the player had the “house” odds, we started working on that while also developing better ways of integrating provable fairness within a casino platform.

Setting up a legal entity/licensing is going to be one of our main goals moving forward. The funds are going to be held by us and allocated for the purposes you can find in the whitepaper. We've estimated the amount to be raised based on similar projects that have come before us and taking account the expenses that we might face in order to develop the platform to its full potential.

Bitcointalk is just one of the avenues where we're trying to get the word out. I've created an official viabet.io account a while ago but we ran into several problems. One of the things with bitcointalk is that as a newbie, junior or whatever you cannot create and maintain ANN, or bounty threads with pictures, links etc, you cannot wear a signature, and avatar (for advertising)... You're limited to a number of posts you can post, as well as being able to send personal messages. We have to send out dozens of PM's every single day in order to keep up with questions and bounty campaign inquiries. We just couldn't do that with a newbie account, hence we went with an account that had no limitations in place. As far as I'm aware that is not against the rules of this forum but I do understand why that may look weird in a sense. I hope my explanation has cleared that part up.

The cointelegraph thing has to be changed, I agree, it was put there as a design element by one of the web-designers and we never got it replaced (it was supposed to be cryptocoinnews I believe). Thanks for pointing that out btw. As all projects go I think everyone's goal should be to get listed on the best exchanges possible. We're no different. Bittrex, Poloniex is one of our long-term goals. We're obviously not claiming that we have confirmed listings on those. We do have other exchanges that we're talking to and we're going to be listed on at least one or two starting out.

I hope that answers some of your questions. As I said we try to remain as transparent as possible.

That's one of our top priorities going forward. An efficient Android/IOS platform is very important, and we're going to be focusing a lot of funds/hiring the best IOS/Android developers to get it just right. We'll be making some announcements in regards to this very soon.

We don't feed trolls.

I understand that we have a lot of competitors who will turn to any means necessary in order to discredit our project. But the fact remains, they're scared. They're scared that we're going to put them out of business.

We're going to put an end to all of these archaic decentralized bitcoin casinos. A lot of people are not happy about that, it's understandable. People don't like change, especially if they're our competitors.

And as I've mentioned before Mr. Betking/Bitdice, we're looking forward to proving you wrong, we'll let our platform do the talking.

Hi,

Which of our competitors is this exactly? Edgeless? Dean from Betking? Bitdice? It seems you created this account for the sole reason of spreading FUD.

Are you scared that we're coming to take away your business? Because we will.

I don't believe so, no. I foresee the BTC fork to be a non-event as it relates to our ICO.

I'm not sure I understand?

The project is ongoing. We've received startup funds from venture capital funding as well as money from our own pockets, so this project is near and dear to us.

We expect to reach the hard cap of 7000 ETH for Pre-Sale within a few days.