Hey guys,
I would just like to take a minute and introduce something that I've personally been REALLY excited about!
This is NOT a ANN thread so I'll keep it short and sweet without going into massive detail. I would like to share some of the features and concepts regarding this project, so you can you get just a little tiny glimpse of the potential this could bring to the gambling industry as a whole. VIABET.IO has already been talked about and featured on sites such as: newsbtc.com, bitcoinist.com, cryptocoinsnews.com etc...
So here... we... go!
What is VIABET?
VIABET is the world’s first cryptocurrency based cloud betting platform, casino, and peer-to-peer sports betting site. It delivers an all-out fresh approach to online gambling. A simple, yet elegant solution that allows the player to actually become the casino. The player will be able to offer and open games himself which will allow other players to play against him/her. VIABET essentially allows players to create their own games and rules within the online casino. Similar to the way Ethereum created a world running on Dapps. We aim to create a transparent and incentivized cloud betting platform, which we believe, will prove itself to the world by remapping the online gambling industry.
What is Cloud Betting?
The platform enables online players to bet against other online players, where one player acting as the casino is given the house odds.
For example, a player is able to open a roulette table, or open a slot machine game while other users play against him.
The player enjoys the same odds and will profit from the slots and table profits as if he/she was the casino.
How does it work? Double Token System (DTS)
In order to qualify to become “the casino” players will have to purchase and stake “VIA” Tokens, play a certain amount of game rounds as regular players against VIABET, or against other players who have qualified to become the casino.
Each time the user plays a round of any of the VIABET casino games he earns “Edge” Tokens. “Edge” is an in-house utility token that can also be used as a unit of exchange between players in the new, cloud-based betting platform.
After earning a specific amount of tokens the user will qualify to become the casino and will be able to offer and open games himself which will allow other players to play against him/her.
What does VIA stand for?
The VIABET platform is powered by an Ethereum-based ERC20 protocol token called VIA (XVIA) guaranteeing absolute casino transparency:
1.) In order to qualify to become the “the casino” a player will have to purchase and stake the required minimum amount of VIA Tokens into his account at:
https://viabet.io2.) Depending on the game different amounts of VIA (XVIA) will be required.
3.) There is no way to host games within the VIABET platform as “the casino” without first owning and staking VIA Tokens.
Users will be encouraged to transact with VIA (XVIA) as this will offer many benefits within the VIABET platform such as bonuses, and higher payouts.
What is "Edge"?
In order to create a fair, autonomous cloud-based betting experience for all users, a player cannot remain as “the casino” forever. For this reason, an additional token called “Edge” has been created.
Edge is an in-house utility token (or credit token) that can also be used as a unit of exchange between players within the VIABET© platform:
1.) Each time a player plays a round of any of the VIABET casino games he/she earns Edge Tokens.
2.) After earning a specific amount of tokens he/she will qualify to become the casino and will be able to offer and open games himself/herself which will allow other players to play against him/her.
3.) During the time the player is operating as “the casino”, Edge Tokens will be deducted from his/her account. The accumulation and deduction of “Edge” Tokens will not be influenced by the players’ winnings or losses while a player is operating as a player or as “the casino”.
4.) Once the player fails to maintain the minimum qualifying amount of Edge tokens required he/she becomes a regular player again, and has to go back playing against the casino house (VIABET) or against other players who have qualified to become “the casino” thus creating an autonomous ecosystem for both players as well as the casino house (VIABET).
So I guess the question is - what’s better than owning a casino?
Owning the games inside the casino!
So this was just a very short and condensed overview of its features, but I hope I managed to get the concept across clearly enough. I hope this casino sounds as exciting to you, as it is to me, and I hope you will become part of the community.
As I mentioned, this is just the very beginning;
BIG news and updates coming SOON!