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BetCommunity is a newly-established foundation runs by several former online betting platform management members which, the online gambling cryptocurrency project announced this morning that it has raised approximately $3.2 million USD before the start of the first stage (Institutional presale) and the founder mention that they expect to reach the hard cap within 10 days.
Litvak Vyacheslav, the founder of BetCommunity at betCommunity foundation which was formed in September 2017 with the intention of promoting the potential for the community-based in the regulated cryptocurrency online gambling space, said the foundation “thought long and hard” about a token raise.
“The market is full of the lucrative service provider. “He says. “Many people don’t realize that the online casinos generally offer odds and payback percentages that a higher than land-based casinos. They are intimidated by thoughts of card sharks taking their money. Litvak adds that every participant should not be taken advantage from betting and deserve what is fair.
There are several gambling-related token offerings in the past 12 months or more including high-profile fundraisings from Jez San’s FunFair.io and DaoCasino. While the reason makes this platform stand out from other gambling ICO is their nature of community-based. The platform offers a unique gambling model which potentially could revolutionize the current gambling industry. The technological launching-pad provider allows community members as well as players to create and launch their own casino games and to set up feasible rules under the fair and robust gambling system.
“We consider long and hard about how to maximize the benefit to the community, we decide to conducted a repurchase token scheme and continuous growth system in order to stabilize the token price keep constantly grow” Litvak added.
If you like the idea of BetComm at an online casino, head over to the betcomm.net website to get more details.