launches itâs ICO this week with the goal to be the first provably fair casino
featuring a 0% house edge. At the moment players have to trust that online
casinos are giving them a fair game but it is too easy for them to rig games
behind the scenes for profit. Players often have the odds stacked against them,
as gambling blogger The Wizard of Odds has shown [LINK
https://wizardofodds.com/online-gambling/blacklist/.] With over 50 online
casinos blacklisted for unethical practices, trust in the industry is at a low.
Now Edgeless.io is tackling the problem with its blockchain-based casino that will allow players to verify games at every stage of play. Edgeless are combining this with an amazing 0% house edge in the hope of building trust back into the system.
Edgeless plans to launch with skill and luck games such as Black Jack and Lunar Poker. Typically these have been games of unequal chance with a house edge between 1% - 15%, depending on the casino. Edgeless.io takes a fresh look at this revenue model. Whilst its 0% edge greatly increase players chances of winning, it is always counterbalanced by player error that creates a natural edge of 0.83% from players imperfect strategy
Although Ethereum is clearly not designed to appreciate in the same manner as Bitcoin, it is proving to be an incredible investment, for those savvy enough to take advantage of it. The fact that its âsmart contractâ focus is attracting corporations for future applications shows that altcoins can make it big if they make the right business case and address the right technical problems.
Once the casino is up and running Edgeless.io plans to introduce a wider range of games such as sports betting and dice that will operate on varying revenue models to boost profits.
Edgeless.io was founded last year by a group of blockchain and gambling experts based in Germany and Lithuania. The team has already released a proof of concept called Ethslots.win to trial the suitability of the Ethereum blockchain and smart contract technology. Ethslots.io was released back in September and gained popularity in the community. Edgeless co-founder and lead blockchain developer Ignas Mangevicius concluded that âBlockchain and casinos are the perfect matchâ¦many benefits are brought to the industryâââabsolute transparency, anonymity, instant deposits/ withdraws and moreâ.
The team is now looking for funds to be able to fully develop and launch the casino. The ICO crowdfund goes live on Tuesday 28th February at 3pm GMT and participants will receive EDGE tokens (EDG). EDG holders will be eligible to enter the Edgeless lottery that will take place every month, with a prize pool equivalent to 40% of Edgeless.io profits. Prizes will be awarded relative to the amount of EDG held. There are early bird bonuses including 20% more in the first hour of the crowd fund. For more information visit https://edgeless.io, Yaps .. in today's article I will bring all the updates Edgeless.io
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