The Ethereum smart contract-based Casino offers a 0% house edge and solves the casino transparency question once and for all.
The online gambling industry was valued at USD $45 billion in 2016. However, it has two major problems: the price of the gamble and transparency. The price of the gamble comes from unfriendly user rules: a large house edge of 1% - 15%, money deposit/ withdraw fees and 2 - 3 days withdrawal delays. Besides that, there is no way of knowing what is happening inside the casino servers and how the mechanisms are programmed. It can be easily rigged. Players need to rely on trust in the casino which is not the best option in such a profit-driven industry.
In 2008, Bitcoin solved the gambling price problem. It offers instant money transactions without any fees, anonymity, a 0.01% - 2% house edge and more. Cryptocurrency gambling is on the rise with 890 million BTC wagered in 2016, a market value that has grown by 37% from 2015. Cryptocurrency gambling has become a choice for many. However, it still has not solved one major problem: transparency. Most casinos provide a method called a ‘Fairness Check’ to prove their transparency. However, at this point, Fairness Check does not work and casinos still have the full power to cheat against their own players.
Using the power of the Ethereum smart contract, we are introducing the Ethereum-based Online Casino which offers ZERO edge for its players and 100% transparency.
Edgeless Token Model ( EDG )
EDG token is used to play Edgeless casino games. EDG is an Ethereum-based ERC20 protocol token, guaranteeing absolute casino transparency.
EDG token can be used for staking/ funding bankroll of Edgeless casino games. ( click here for more info )
Tokens are widely distributed to people. EDG has a limited supply, - it is impossible to create new tokens nor delete existing tokens. Token Smart Contract.
In the first phase, we will develop 0% house edge Black Jack based on real ethereum smart contracts. Game will be deployed on a main net and test net. 800 community members will be selected to be early alpha launch testers trying our platform for the first time.
At this phase, Edgeless Casino will acquire first casino license which is necessary for scaling. It will give credibility and access to services such as affiliate networks, media partners and more. Working on legalities is a long-term process, during a whole journey Edgeless will acquire more licenses.
We will work on the development of new games. Scheduled game after Black Jack is a famous Dice game. Dice is an extremely popular game among top bitcoin casinos. Additionally, we will design our platform in such a way so new games can be deployed in the near future.
Sports betting is a rapidly growing market. This phase is all about sports betting development. It is on a smaller scale but has a better ROI than traditional games. Our Edgeless way provides a much lower edge than other casinos - sports betting will compensate this allowing our casino to stay competitive.
Poker is one of the most famous P2P casino games. Nevertheless, it had decent amount of scandals of casino rooms cheating against its own players. Decentralized card shuffling and transparency guided by a blockchain is necessary. And we will work on that in late 2018.
Edgeless Network Leadership
Firstly, he is a father and a husband. Secondly, he profoundly enjoys developing centralized and decentralized systems. He is a university educated Information Systems Engineer who has been working in IT for more than 10 years. He is now focusing on smart contracts and Ethereum-based decentralized apps that he sincerely believes will make a better world. His most recent project is the etherslots, Dapp built on the Ethereum blockchain.LinkedIn >
Tomas is coming in from the field of P2P technologies, the sharing economy and FINTECH industry. He was working as digital marketeer in a platform called “SAVY”. It is a peer to peer lending platform which connects investors to consumer loan offers. Currently, Tomas owns an IT development company which specializes in Mobile App Development. His key competences which are needed for Edgeless Casino are: digital marketing, and operations management.LinkedIn >
In 2008 - 2013, online poker was on the rise and a lot of new players were jumping into the game. At that time, Tomas decided to study the math of probability and poker. Later on, his direction changed to investing, cryptocurrency and digital marketing. He was a CEO of a marketing agency - Convi Design, which provides solutions to start-ups in the field of conversion rates and sales funnels. Additionally, he is investing in other startups. His key competences which are needed for Edgeless Casino are: probability math and models, gambling theory and psychology, digital marketing, product management and development.LinkedIn >
She studied computer science at the University of Salzburg and the Politechnical University of Madrid. Julia has gathered over eight years of experience as a software engineer, working for different international companies, and then founded JAM Data. Julia specialized in IT-Security and later blockchain technology with a focus on Ethereum smart contract development. In Blockchain technology, she sees the potential to increase transparency in governmental operations as well as business processes, thereby reducing corruption worldwide. When not working, she is traveling around the globe or practicing Yoga.
Stefan was formally educated at the University of Salzburg. His career started 15 years ago as the e-commerce department head for Austria's largest bicycle retailer. He's a professional mean-fullstack engineer and early blockchain enthusiast. Currently, he is consulting for companies regarding decentralized applications. Stefan sees blockchain technology as a powerful tool to bring equal chances to developing countries. He is a fitness-freak and passionate about exploring foreign cultures.
Paolo Rebuffo is a cryptocurrency investor and senior advisor/strategist of "Digital Identity". His work is related to search and analysis of valuable blockchain-related projects. "Digital Identity" has its own development team that is currently working on the bitcoin and ethereum blockchains. They also do direct financial investment in other crypto projects such as Gnosis, Eidoo and Monetha. Besides that, he actively travels the globe and meets blockchain project teams in person.LinkedIn >
Ransu is the co-founder and CEO of Revoltura, the company behind BitcoinETI, Europe’s first bitcoin-backed exchange traded instrument. BitcoinETI is listed on the Gibraltar Stock Exchange and traded at the Frankfurt Stock Exchange. Ransu is also an escrow for several blockchain projects. Additionally, he is an active blockchain community member and believer in decentralization.LinkedIn >
Edgeless is one of largest growing blockchain companies which develop games using smart-contract technology. If you are passionate about blockchain, games and fancy tech - feel free to join our team of more than 20 people and be closer to the future. Check out our career page for more information.Careers >