What is CBET?
CBET Token (CBET) is a digital currency designed to be used on the Cbet.gg online betting platform. In addition to offering a variety of virtual casino services, Cbet.gg also allows players to place bets on sports and video game competitions. The bookmaker aims to make iGaming accessible to players from all over the world by accepting payment in multiple traditional currencies, as well as CBET and Bitcoin (BTC).
The platform was created in July 2019 and the CBET token was launched in July 2021. Although the founders of Cbet.gg have not been officially identified, it is believed that the betting platform was established by AK GLOBAL N.V., an online casino operator that holds an international gambling license from the Curacao jurisdiction. The creators behind Cbet.gg are reported to have expertise in iGaming, software development, blockchain, and marketing.
The long-term goal of the creators of CBET Token is to make it the primary currency in the field of online gambling. To incentivize the community to use the token on the platform, Cbet.gg offers bonuses for CBET wallet users. According to the bookmaker, users can receive 25% additional funds for every CBET balance replenishment. In addition, CBET holders can take flash loans instead of selling their token holdings. Cbet.gg advises users to borrow up to 50% of the collateral held in the account.
CBET is currently functioning on Cbet.gg as a proof-of-concept. The creators hope that the currency will become a standard form of payment in the online gambling industry. CBET is available for any betting website to integrate into their ecosystem.
Cbet.gg strives to ensure the transparency of all rules on the platform, offering a diversity of available gambling activities and providing security for transactions. The platform offers a range of virtual casino services, including slot machines, card games, roulette, and live dealer games. Cbet.gg also allows players to bet on sports events and e-sports competitions, including popular games such as Counter-Strike: Global Offensive (CS:GO) and Dota 2.
The platform's commitment to transparency and security is reflected in its use of blockchain technology. Blockchain provides a decentralized system for recording transactions, ensuring that they cannot be altered or deleted. This technology also makes it possible to verify the fairness of games, as well as to guarantee the security of player funds.
Overall, CBET Token is a community-run token that is specifically designed for online gambling. With the backing of Cbet.gg and the experience of its creators, CBET has the potential to become a standard form of payment in the online gambling industry. Its unique features, such as flash loans and bonuses for CBET wallet users, make it an attractive option for those who enjoy online betting.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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