Arsenal has become the first major football club to sign a deal to promote a crypto-currency.
The club has reached an agreement with the gaming company CashBet, which is planning to launch its own currency CashBet Coin.
It will see CashBet Coin advertised at Arsenal's Premier League home games.
CashBet is a Californian online gaming business formed in 2012, which is now launching an Initial Coin Offering (ICO). It aims to raise $40m by getting investors to buy CashBet Coins which can then be used to bet on its various online games.
CashBet Initial Coin Offering
Executive Summary
Mobile gaming and cryptocurrency are two of the fastest growing, demand-driven markets
in the world today. CashBet is merging these technologies into an iGaming solution and
issuing CashBet Coin to solve the problems facing crypto casino operators and players
today: speed, trust, cost, and content.
CashBet is the only complete, crypto-ready, mobile-first iGaming platform with an
established, profitable presence in regulated gaming markets. Launched in 2012, CashBet
has tens of thousands of registered players, millions of Pounds Sterling wagered, gaming
licenses in multiple jurisdictions, and customers from all facets of iGaming (real-money,
social, and skill-based) from around the world.
●
The CashBet platform is uniquely positioned to set the standard in the
emerging cryptocurrency iGaming space.
Architected and implemented by
iGaming veterans, its modular, end-to-end iGaming solution reflects years of both
B2B and B2C iGaming experience. It is creating a proprietary off-chain payment
technology that will significantly reduce costs and increase payout speeds, making
CashBet Coin the most desirable cryptocurrency in the iGaming market.
●
The CashBet platform is the only crypto-casino platform licensed in multiple
tier 1 gaming jurisdictions.
The platform and all associated games - over 450 titles
- have passed rigorous third-party compliance testing. It features a player and
content management system, content distribution tailored for the crypto casino
market, a geo-verification system, and a responsible gaming module, all of which
can be licensed to crypto casino operators. It includes full support for Know Your
Customer (KYC) and Anti-Money Laundering (AML) compliance.
●
CashBet is white-label capable.
CashBet empowers operators and developers to
easily launch their own bespoke iGaming sites, content, and apps.
●
CashBet Coin (“CBC”) tokens will be offered to token purchasers during an ICO
planned to commence in January 2018.
The acceptance of CBC will democratize
access to world-class entertainment for those underserved by the centralized
banking establishment.
●
The phases of the CashBet solution
are as follows:
o
Phase 1 CashBet Coin VIP registration.
CashBet registers players who
deposit 1,000 CBC attain instant VIP membership and a substantial bonuses
for gameplay unavailable to players not holding the 1,000 CBC balance.
o
Phase 2 CashBet crypto gaming.
CashBet will convert CBC at the time of
wager to a fiat currency and convert any winnings back to CBC at the same
rate. This will make hundreds of games available to cryptocurrency players
and operators.
o
Phase 3 Direct CBC wagering.
CashBet enables wagering in CBC with no fiat
currency conversion. In addition, Phase 3 will include the rollout of
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© CashBet 2018
CashBet Initial Coin Offering
CryptoRGS, CashBet’s content distribution platform for crypto casino
operators.
o
Phase 4 CrytoGo Payment channel-based gaming.
CashBet’s proprietary
implementation, CryptoGo, is an off-chain
1
state channel-based payment
technology. It will allow wagers and payouts made directly between players’
ERC20 capable wallets and the CashBet platform without the need for a
deposit account. This will allow immediate payouts and a significant reduction in fees.
Find out more here:
https://ico.cashbet.com/?ref=f38d9f48ed80464fdab112f3