Home Initial Coin Offering CashBet Announces Blockchain Integration and Intent to Launch Its Initial Coin Offering...

CashBet Announces Blockchain Integration and Intent to Launch Its Initial Coin Offering (ICO) With Token “CashBet Coin” – Press Release


OAKLAND, Calif.–(Business Wire)–CashBet, a leading mobile-first iGaming platform provider and turnkey
operator, today announced a major blockchain initiative for its patented
iGaming platform and intent to launch an Initial Coin Offering (ICO) of
its cryptocurrency designed for iGaming, CashBet Coin. Incorporating
blockchain into the CashBet platform will better enable the company to
offer the only complete, crypto-ready iGaming platform on the market.
CashBet Coin’s ICO presale will begin on January 24, 2018 at 0:00 GMT +8
and will end on February 20 at 0:00 GMT +8. The public sale is expected
to begin March 20 at 0:00 GMT +8 and will continue until April 27 at
0:00 GMT +8. The ICO will end early if the hard cap is reached prior to
the end of the public sale. Key information on the token sale, including
the whitepaper, token structure and use of proceeds, is available on the
ICO website: https://coin.cashbet.com.

Dr. Mike Reaves, CEO and founder of CashBet, said: “The introduction of
CashBet Coin will enable operators to solve the biggest problems facing
crypto casinos today: speed, trust, and cost. Integrating blockchain
technology into the CashBet core iGaming stack will open new markets by
democratizing access to world-class entertainment for a new group of
players currently underserved by the centralized banking establishment.
Additionally, the associated technology initiative will be far more
scalable and cost-efficient on a per transaction basis than current
blockchain-based casino software.”

CashBet Coin tokens will be issued within two weeks after the ICO
completes. The introduction of CashBet Coin as an ERC20-compatible
cryptocurrency token will roll-out in several phases that include
inviting token holders to an exclusive VIP experience, introducing
regulated cryptocurrency wagering, and providing facilities for
customers and partners of CashBet to pay their fees via CashBet Coin.
Later, CashBet will launch CryptoRGS, the first provably-fair iGaming
content distribution network suitable for crypto casinos, and CryptoGo,
an off-chain state channel-based technology designed to minimize cost
and payout delay for players.

CashBet also announced advisory board appointments to support the ICO,

  • Stuart Lewis-Smith, GM of GSN Games / Sony
  • Lars Wahlström, GM, Jackpotjoy, Sweden
  • Kevin Flood, Founder, Gameinlane, former CTO of PurePlay & GM of
    Harrah’s Online
  • Tjaden Hess, Blockchain Software Engineer, 1protocol, ConsenSys
  • Jay Berg, Founder of Protoblock, Inc., former core developer at

Reaves continued: “We anticipate several more patents to be issued for
this technology to complement the two patents that were issued to
CashBet in December. The heavy hitters we’ve added to our software
engineering team and advisory board will help us fulfill our vision of
offering the most feature-rich cryptocurrency-ready iGaming platform.
The ease of use and liquidity of our token, CashBet Coin, will open new
markets both in terms of players and operators. This new cryptocurrency
will allow us and our partners to attract new players through access to
a robust VIP program as well as consumer protection, minimal transaction
fees, faster payouts, and hundreds of high quality games that do not
exist on any other cryptocurrency-enabled iGaming platform.”

CashBet was founded in 2012 by gaming industry veterans and is the only
mobile-first platform currently in the market for real-money, social,
lottery, and skill-based gaming. The team has previous experience
successfully building and selling online gaming platforms for CyberArts
(Ultimate Gaming) and US Digital Gaming. The CashBet platform allows
operators to run an iGaming business end-to-end, enabling robust game
management, marketing, customer relationship management, support, and
data analytics. CashBet is licensed by the Alderney Gambling Control
Commission and the UK Gambling Commission.

Interested parties can subscribe to updates about the CashBet Coin
project and upcoming pre-sale event:

About CashBet

Founded in 2012, and based in California, CashBet is the leading
cryptocurrency-enabled, mobile-first iGaming platform provider and
turnkey operator. CashBet’s platform empowers real-money, social, as
well as skill-based gaming apps and websites legally in the US, Europe,
and worldwide. Some of the most unique, diverse and compelling games are
“Powered By CashBet”. By integrating CashBet’s software, game developers
can quickly and legally launch online games for real money. With
CashBet’s feature-rich platform, operators gain access to player
segmentation, bonusing, campaign management, and other patented features
to enable a profitable iGaming operation from day one. CashBet leaders
are veterans of the regulated, online gambling industry with many years
of successful operation. CashBet is licensed by the Alderney Gambling
Control Commission and the UK Gambling Commission. For more information,
please visit www.cashbet.com.

for CashBet
Kate Pietrelli , +1 760-518-2633

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