Peer-to-peer, community-driven betting platform on Ethereum. ByteBet ICO rating – not rated.
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Ended ICO : 21/11/17 – 29/11/17
About ByteBet ICO (token sale)
The problem with the current betting model
In the original gambling model, players bet against the house where a high house edge is applied on every single bet the players make. No matter if the player wins or loses, the house edge is always applied, making it much harder not to lose money in the long run.
The middleman’s only intention is to make sure players play as many times as possible and lose their funds in the long-term, providing a steady income for the gambling site owners.
ByteBet is a peer-to-peer, community-driven betting platform based on Ethereum that allows players from anywhere in the world to create customized bets and play against each other.
Bets are based on Ethereum smart contracts, providing a transparent betting environment without any manipulation and with fast execution.
ByteBet is a decentralized platform where the middleman is eliminated, creating a fair betting platform. A portion of the fees are shared between the community members and they are not charged upfront.