EOSBet Blockchain Gambling App Secures First On-Chain EOS Network Casino License

Fibo Quantum

The EOSBet has just gone ahead to announce that it has managed to secure its accreditation from the oldest online gaming regulators in the market, the Curacaon eGaming.

Curacao eGaming is an island based regulatory body, and it is among the only four Curacaon companies that have been issued with the Master Gambling License that is received from the State Ministry of Justice. With this, it has granted Curacao eGaming the powers of sub-licensing to the other gaming platforms in the market.

More On The EOSBet

It has been designed as a smart casino that is entirely on the on-chain gambling dApp. The concept behind this game is, the players will wedge the EOS on the dice throwing game, or the platforms uniquely designed baccarat game.

With these unique features, the platform is able to offer its users makes it the top-rated dApp that is currently on the EOS network. A platform that has been able to gunner over $5 million in betting volume.

The company designed to address some of the fundamental problems that are existing in the centralized online gaming platforms. Some of the challenges the platform has been able to address are the lack of trust that exists in these platform, the costly fees on the games, and not forgetting the high house advantage that tends to kill your motivation to play.

The company has ensured it has leveraged the EOS.IO blockchain technology so that it is able to offer their various users the efficiency of instant transaction times, zero fees in the transactions they carry out plus a near-zero latency.

The dApp has also gone ahead to claim that it is the very first community-driven online casino that you can find in the market. This is by allowing the holders of the BET token to be able to receive some instant rewards in the form of the EOS; this has been calculated to be around 100% of the profit that is earned from the game.

The payouts are instantly calculated and distributed to the users, but this is proportionally based on the number of BET tokens each user has at the said time.

When we look a few months back in October, the EOSBet platform was able to pay out over $1 million to their current token holders; this is only after two months that the platform had been live and operational.

EOSBet Is Working Hard To Be The Best In The Industry

For the past three months, the platform has been working on the beta system, as they were still working on securing their license. According to Frej who is from EOSBet, they have been working relentlessly to ensure that the license application succeeded, and they will not stop here as they are working on being the bar on the level of smart casinos should be at.

The Curacao licensees they received entitles the company to operate in all the forms of interactive gambling they could want to get into. It is important to note that the company is the very first to receive this license, and with this, they stand a chance to benefit from the trustworthiness instilled, this is all thanks to the respectable gambling authority that is backing them.

But this is not all we should see from the platform, as the company has just announced that a new game will soon be coming up. However, the game is in the final testing stages, just before it is officially launched to its users, together with a whole new look of the website which should be happening soon.