Casino News – CashBet Announce Successful Completion Of Token Sale

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CashBet revealed on Wednesday that it had raised $38m (€32.9m) via a token sale to develop the world’s first complete crypto-ready mobile iGaming platform.

Token distribution is already in progress after participants from over 100 countries chipped in to help the company attain its hard cap of 142,975,000 tokens – unsurprisingly, the industry’s biggest token sale to date.

Token allocation will continue until the end of June, which the venture believes will advance fair gaming content, shrink industry business costs, and boost player functionalities such as payout speed. All of this is set to make CashBet Coin (CBC) a formidable cryptocurrency of the iGaming market, which is listed on Bittrex as CBC.

Founded in 2012 by gaming industry veterans, CashBet is the first-ever crypto-casino ecosystem that’s received licenses from a number of tier-1 gaming jurisdictions. It has combined the thriving demand-driven markets of mobile gaming and cryptocurrency with an aim of offering global access to first-class iGaming entertainment that is rapid, rational and reliable.

With over 450 titles on their platform, CashBet has an exclusive library of the most popular casino games, including slots, roulette, blackjack, video poker, bingo and more. For an extensive guide to roulette, be sure to check out Roulette17.

CashBet’s versatile platform supports real-money, communal, and skill-based gaming apps and websites worldwide. The platform includes a player management system, CMS, content distribution channel, geo-verification system, and a dependable gaming module. By integrating CashBet’s software, game developers can legally launch online gambling games without the requirement to be licensed.

Current CBC partners include Lottery.com, Greentube, and Imperial Play, as well as English Premier League football club Arsenal. This makes the north London club, the world’s first major football team to enter a partnership with a cryptocurrency. This collaboration will give CBC outstanding exposure at the Emirates Stadium during home games, whereas Lottery.com will utilise CBC as a transaction method across its sites and apps.

With unrivalled player protection, reduced fees, membership bonuses, and advanced levels of transparency and trust, this platform is set to revamp the entire iGaming platform and crypto-casino worlds. According to Mike Reaves, CEO and Co-Founder of CashBet – adopting the CBC token as a payment method will improve the whole iGaming experience and engage new audiences.

“The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions,” said Reaves.

We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.”

 

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