What is EthBet Coin?
EthBet Coin is a decentralized, peer-to-peer and demonstrably fair cryptocurrencywhich on the established Ethereum – block chain is based. At the same time Ethbet is a dice game without a built-in House Edge. This means that no scheduled profits are scheduled by the operators in the individual rounds, as is the case with classic casinos. The waiver of the House Edge is possible because the players play against each other and not against the operator.
EthBet Coin – Benefits of the game
The disadvantage for the players is that another player must be available, who also wants to place a bet, otherwise there is no opposing party. This may result in players having to wait a longer time before the bet can be placed. This is especially the case when the bet is set too high. To prevent this problem, the developers have implemented an optional house edge so players can define an amount to be wagered by the casino. In these bets, the speed of placing the bet should be emphasized, thus giving the player a slight disadvantage. However, if a player wants to wait longer and puts a higher weight on the profit, so he can wait longer and accept a fair bet. Through these principles, players should act as a kind of casino of their own, as the market environment provides players with many different bets, from which they can subsequently choose.
EthBet Coin – how it works
The basis of the EthBet Coin is the Blockchain, which allows use without prior registration. In particular, the Smart Contacts allow the waiver of a registration as well as the deposit of a deposit. In addition, all profits are immediately paid out to the users. The blockchain ensures decentralization. In addition, there is no central operator as in classic casinos, but all participants act as a node, so that no control can take place. Even the casino known house edge is not a central part of the platform. Rather, users have the opportunity to renounce the House Edge or even determine how it is used. Part of the EthBet source code is a random function, which ensures that no manipulation of the results is possible. In addition, the source code guarantees total transparency, making it accessible to any external user. The last special feature of EthBet is the focus on the community. All desires and needs of the community are taken into account in the development of the EthBet code, so that a maximum benefit can be guaranteed.
What is the current market capitalization of the EthBet Coin?
Since October 7, 2017, the EthBet Coin is traded on the financial markets under the symbol EBET. It was placed on the markets on the basis of an Initial Coin Offerings, which was carried out at an issue price of $ 0.2067. This allowed a market capitalization of $ 1.75 million. Just a few days later, the token was consolidated to its current market capitalization of $ 800,000. In addition, the token price is quoted at $ 0.094. The daily trading volume is around USD 650 and is realized exclusively through trading between EBET and Ethereum . Furthermore, there are currently around 8.5 million tokens in circulation. The maximum token amount has been set to 10 million.
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