To Own Your Own Casino: Place Your iGaming Decentralisation Bets on Moonbet's New Token
Published July 27, 2021 by Lee R
Moonbet is about to take iGaming decentralization to the moon, and iGaming stakeholders should not miss the opportunity.
Decentralisation is about to hit iGaming by storm--thanks to a project from Decentralized Gaming Technologies SV called Moonbet.
Moonbet's Next Generation
Billed as the next generation in iGaming, Moonbet will use blockchain technology to provide the iGaming crowd with the opportunity to own their own online sportsbooks, casinos, and eSports betting platforms.
Decentralised Model
Blockchain-based Moonbet's decentralized iGaming ecosystem lets community members earn profits by holding native MBET tokens, which are built and offered on the Binance blockchain network Smart Chain.
The Moonbet Opportunity
Longtime traditional online betting platform Sportsbook and Casino manager Jason Poprawa explains the Moonbet opportunity:
"Currently, owning a casino or sportsbook is for global conglomerates or high-net-worth individuals that can put up the capital themselves, then receive all the profits."
Crowd-owned Casinos
Into this scenario comes Moonbet:
“With Moonbet, our community members receive regular profits, have a say in the project through community governance, and can be a part of all organic marketing initiatives."
This is a common condition for staking in all decentralised coins and exchanges, just adapted effectively to the iGaming space.
Management and Development
Moonbet will be developed by a seven-person core at Moonbet Sportsbook & Casino in cooperation with tech partners at Lion Gaming. Moonbet will be launched in August.
The project is licenced by the Curacao Gaming Control Board to support play with a wide range of today's top cryptocurrencies.
Proceeds Distribution
MBET token holders receive 50% of token proceeds direct to their wallets; the other 50% is reinvested in development, marketing, and operations Poprawa believes will make the Moonbeam platform competitive with traditional big name iGaming operators; tech providers; and leading brands.
Competitive Advantage of MoonBet Decentralisation
Poprawa points to the “team of gambling, marketing, and development experts” as the competitive advantage Moonbet holds over other decentralised platforms: that expert management empowers Moonbet to “deliver a world-class player experience that is as-good-as, if not better than, traditional online betting giants."
Outlook
Having already raised $110,000 USD for developmental costs in preliminary seed funding, Moonbet's Initial Coin Offering ICO pre-sale opens June 22 at moonbet.org. The offering of the MBET token at a discounted price of $0.000025 represents the first opportunity for iGaming stakeholders to join the project.
