[ANN] [CBC] CashBet Coin Public Sale Live

[FrederickFarci]

Your project is designed to make people start betting on sports? Will eSports be included in the platform's capabilities?

I asked a similar question in a telegram, they said that they are now at the stage of negotiations with some companies to provide such an opportunity

This will be quite an interesting opportunity, because all existing platforms providing such services, always delay payment and take huge commissions for transactions. If CashBet manages to perfect this and do something more modern and safe - there will be a huge advantage

[evilcyclope]

Hello. Tell me pls is it possible to mine your CBC coin?

[The-king]

Hello. Tell me pls is it possible to mine your CBC coin?

Of course not. The number of tokens is limited. So it would be a little strange ...

[Klennox]

Hello. Tell me pls is it possible to mine your CBC coin?

Of course not. The number of tokens is limited. So it would be a little strange ...

Well, considering the fact that tokens will be removed from circulation, the mining of new tokens would be absurd.

[ukrainskaya-devaxa]

Hello. Tell me pls is it possible to mine your CBC coin?

Of course not. The number of tokens is limited. So it would be a little strange ...

Well, considering the fact that tokens will be removed from circulation, the mining of new tokens would be absurd.

What means coins are limited? What will happen when all the coins run out?

[RomanBelich]

Hello. Tell me pls is it possible to mine your CBC coin?

Of course not. The number of tokens is limited. So it would be a little strange ...

Well, considering the fact that tokens will be removed from circulation, the mining of new tokens would be absurd.

What means coins are limited? What will happen when all the coins run out?

I know for sure that this is done in order to control the price of a coin.

[AzrailBogov]

Thanks to the introduction of new blockchain technology in its revolutionary platform iGaming CashBet intends to become the undisputed leader in the field of corporate software for the crypto-casino market. Good luck!

[CashBet Coin]

Your project is designed to make people start betting on sports? Will eSports be included in the platform's capabilities?

Yes, the CashBet platform supports Casino, Social, Skill-based, eSports, and Lottery gameplay.

[CashBet Coin]

Hello. Tell me pls is it possible to mine your CBC coin?

Of course not. The number of tokens is limited. So it would be a little strange ...

Well, considering the fact that tokens will be removed from circulation, the mining of new tokens would be absurd.

What means coins are limited? What will happen when all the coins run out?

We've created a limited supply of 430,000,000 tokens. 142,975,000 of these were set aside for the initial coin offering. 

[vabchgent]

So will Cashbet be a crypto-only platform or will it also be offering any fiat deposit options?

[denetci]

They already have a crypto ready platform, large following, and on top of that they're both in sports betting and casino games.
i'm glad to be part of their ico. i think we will see 2x in a mid term.

[CashBet Coin]

So will Cashbet be a crypto-only platform or will it also be offering any fiat deposit options?

The CashBet Platform will continue to accept fiat deposits for gameplay as it does today!

[vabchgent]

So will Cashbet be a crypto-only platform or will it also be offering any fiat deposit options?

The CashBet Platform will continue to accept fiat deposits for gameplay as it does today!

Oh ok and where is CashBet incorporated and licensed? Are there areas that are restricted from participating in your betting offers?

[CashBet Coin]

So will Cashbet be a crypto-only platform or will it also be offering any fiat deposit options?

The CashBet Platform will continue to accept fiat deposits for gameplay as it does today!

Oh ok and where is CashBet incorporated and licensed? Are there areas that are restricted from participating in your betting offers?

CashBet is fully licenced by the world’s most reputable online gaming jurisdictions: the Alderney Gambling Control Commission (AGCC licence numbers 116c1 & 116c2) and the UK Gambling Commission (UKGC licence number 39620).  These jurisdictions impose a high level of oversight to ensure a superior player experience that is both fun and responsible. Our UKGC license covers crypto gambling and allows us to operate a remote casino. You can read more about that here (http://www.gamblingcommission.gov.uk/for-the-public/Safer-gambling/Consumer-guides/Gambling-with-digital-and-virtual-currencies.aspx). We are also in process to obtain an Isle of Man license, which will also cover crypto gambling.

The following areas are restricted from real-money gambling on our platform: Belgium, Bulgaria, China, Denmark, Estonia, France and French Territories, Greece, Hong Kong, Hungary, Italy, Philippines, Romania, Singapore, South Africa, Spain, Turkey, United States of America, US Minor Outlying Areas, US Virgin Islands, Syria, Iran, North Korea.

However, it's important to note that in addition to its utility for legal online gambling, CashBet Coin can also be used to make purchases in non-gambling social casinos.  For instance, CashBet has recently struck and agreement with game provider Greentube, to allow CashBet Coin to be used as a payment method on their Gametwist non-gambling sites. In this way, CashBet Coin will be able to be used worldwide across social casinos.

[CashBet_Mike]

Hi stonehenge, its seems to me that people don't really understand, or potentially have been mislead in to thinking, that this coin is part of any regulatory framework. It is not. Both Alderney and the UK gaming commissions, which cashbet hold their regulated licenses under DO NOT allow crypto-gambling or any ICO's to be associated with their licenses. There is currently only one license, Gibraltar, that would allow any DLT (distributed ledger) to be allowed under their structure.

Hi Easternbloc.  You are unfortunately misinformed about a number of things which I will attempt to clear up now. 

1. Both the Alderney Gambling Control Commission (AGCC) and the UK Gambling Control Commission are aware of our (CashBet's) ICO.  We have been working closely with them, as other whitelisted jurisdictions do have frameworks allowing crypto wagering.

2. The UK Gambling Commission (UKGC) stance on cryptocurrency wagering has been published by them here: http://www.gamblingcommission.gov.uk/for-the-public/Safer-gambling/Consumer-guides/Gambling-with-digital-and-virtual-currencies.aspx.  They advise caution, as the currencies are not regulated.  However, they do not prohibit crypto-gambling as you state.

3. The Isle of Man's Gambling Supervision Commission (GSC) became the FIRST whitelisted jurisdiction to put forth an AML framework for virtual currency and skins wagering (NOT Gibraltar, as you imply). CashBet intends to become the first cryptocasino licensed by this jurisdiction under this framework and will use ‘Model 4’ described in the GSC’s “AML Guidance Notes for Virtual Currencies”, described on page 7 here: https://www.gov.im/media/1356960/aml-guidance-notes-virtual-currencies.pdf.  This model is used because:
a.   It is legal
b.   It is the only way to allow cryptocurrency wagers to be made with the games provided by large aggregators with no blockchain roadmap.

4. In addition to the use of CBC as described in model 4, CBC is also being used by social casinos (Novomatic’s Game Twist and Imperial Play’s Steam Palace) who are actively integrating CBC as a purchase method now.  CBC is also now available (as of May 16, 2018) to be used to stake VIP play on a brand we operate: www.jennyvegas.com.  We have come to an agreement for the token and the platform to be used by Lottery.com.  And we have a vibrant and substantial roadmap of features intended to bring mass adoption and legitimacy to this industry.  This will include features making use of blockchain technology and the CashBet Coin.

5. As far as recourse for our customers, we are obligated to respond appropriately to customer complaints and have appointed a neutral 3rd party adjudication service (eCogra) to handle disputes which we are unable to resolve amicably with the customer. 

As far as Stonehenge's comments, he or she is correct. We will never offer any unregulated online gambling.  I hope this sets the record straight. 

Mike Reaves
CEO & Co-Founder
CashBet

[jtalk]

Usually I don't let skip running business backed tokens but this one didn't come in front of my eyes in spite of being available for months. Next chance to get them probably is exchange when it will be listed there. I have seen Charlie Shrem praising it and that actually brought it in my attention to dig in further. It is indeed very interesting project with huge potential.

[Ginzink]

Usually I don't let skip running business backed tokens but this one didn't come in front of my eyes in spite of being available for months. Next chance to get them probably is exchange when it will be listed there. I have seen Charlie Shrem praising it and that actually brought it in my attention to dig in further. It is indeed very interesting project with huge potential.

Yes i am starting to regret not going for it myself. But it is on the exchange we will see if it was smart to be in the ICO.
For thoose who did participate i hope it does well Been watching it since the ann was published to if it does have a good run from start il hate myself haha.

[vabchgent]

So will Cashbet be a crypto-only platform or will it also be offering any fiat deposit options?

The CashBet Platform will continue to accept fiat deposits for gameplay as it does today!

Oh ok and where is CashBet incorporated and licensed? Are there areas that are restricted from participating in your betting offers?

CashBet is fully licenced by the world’s most reputable online gaming jurisdictions: the Alderney Gambling Control Commission (AGCC licence numbers 116c1 & 116c2) and the UK Gambling Commission (UKGC licence number 39620).  These jurisdictions impose a high level of oversight to ensure a superior player experience that is both fun and responsible. Our UKGC license covers crypto gambling and allows us to operate a remote casino. You can read more about that here (http://www.gamblingcommission.gov.uk/for-the-public/Safer-gambling/Consumer-guides/Gambling-with-digital-and-virtual-currencies.aspx). We are also in process to obtain an Isle of Man license, which will also cover crypto gambling.

The following areas are restricted from real-money gambling on our platform: Belgium, Bulgaria, China, Denmark, Estonia, France and French Territories, Greece, Hong Kong, Hungary, Italy, Philippines, Romania, Singapore, South Africa, Spain, Turkey, United States of America, US Minor Outlying Areas, US Virgin Islands, Syria, Iran, North Korea.

However, it's important to note that in addition to its utility for legal online gambling, CashBet Coin can also be used to make purchases in non-gambling social casinos.  For instance, CashBet has recently struck and agreement with game provider Greentube, to allow CashBet Coin to be used as a payment method on their Gametwist non-gambling sites. In this way, CashBet Coin will be able to be used worldwide across social casinos.

Thank you for all the info. As for the restricted areas, is that something you have an influence on by getting licensed even further or are these countries restricted from gambling per se? I was wondering about France and Italy for example. Never really heard they aren't allowed to gamble, but I am not really into this topic.

[Infek]

Maybe someone already asked this question, but when is it worth waiting for the distribution of tokens? It's already beginning June.

[CashBet Coin]

So will Cashbet be a crypto-only platform or will it also be offering any fiat deposit options?

The CashBet Platform will continue to accept fiat deposits for gameplay as it does today!

Oh ok and where is CashBet incorporated and licensed? Are there areas that are restricted from participating in your betting offers?

CashBet is fully licenced by the world’s most reputable online gaming jurisdictions: the Alderney Gambling Control Commission (AGCC licence numbers 116c1 & 116c2) and the UK Gambling Commission (UKGC licence number 39620).  These jurisdictions impose a high level of oversight to ensure a superior player experience that is both fun and responsible. Our UKGC license covers crypto gambling and allows us to operate a remote casino. You can read more about that here (http://www.gamblingcommission.gov.uk/for-the-public/Safer-gambling/Consumer-guides/Gambling-with-digital-and-virtual-currencies.aspx). We are also in process to obtain an Isle of Man license, which will also cover crypto gambling.

The following areas are restricted from real-money gambling on our platform: Belgium, Bulgaria, China, Denmark, Estonia, France and French Territories, Greece, Hong Kong, Hungary, Italy, Philippines, Romania, Singapore, South Africa, Spain, Turkey, United States of America, US Minor Outlying Areas, US Virgin Islands, Syria, Iran, North Korea.

However, it's important to note that in addition to its utility for legal online gambling, CashBet Coin can also be used to make purchases in non-gambling social casinos.  For instance, CashBet has recently struck and agreement with game provider Greentube, to allow CashBet Coin to be used as a payment method on their Gametwist non-gambling sites. In this way, CashBet Coin will be able to be used worldwide across social casinos.

Thank you for all the info. As for the restricted areas, is that something you have an influence on by getting licensed even further or are these countries restricted from gambling per se? I was wondering about France and Italy for example. Never really heard they aren't allowed to gamble, but I am not really into this topic.

Some of the countries, like France, Italy, Bulgaria, and Estonia require additional in-country licensing to legally offer online gambling.  In other countries, such as China, US, and Turkey, it is strictly illegal.