Yes another ICO sells out! Bitcoin is at an all time high and the market capitalization of all cryptocurrencies is over 138 Billion USD. ICOs are raising record amounts and at a speed that projects on Kickstarter or new start ups looking for traditional VC funding can only dream about. There is plenty of vaporware filling the bubble with hot air. How is Monster Byte different from the other ICOs?
Monster Byte Inc. is a technology company which owns a suite of long-standing and profitable Cryptocurrency Gambling websites, all of which have been custom-built with proprietary technology owned by Monster Byte. Since its inception in 2013, Monster Byte has been on a mission to become the world’s premier destination for cryptocurrency gamblers to not only wager on sports, but also bet on games of chance like Blackjack, Roulette, Baccarat, and more. Monster Byte’s main consumer property is the BitcoinRush.io Sportsbook and Casino.
There were five crypto currencies used to participate in the ICO Bitcoin, Litecoin, Dash, Waves, and Etherium. This shows an example of how much the crypto currency market has expanded in the last year with the current market capitalization of all crypto currency over $123 billion USD. Over 10 million MBI tokens sold and over one million USD was raised in the ICO.
The MBI token is based on the Waves blockchain. Waves is a crypto currency just like Bitcoin or Ethereum that allows for the easy creation of assets (or tokens) with its main use case being the support of ICOs. One main feature of Waves is the built in DEX (Decentralized Exchange) in the waves wallet. This allows users to trade tokens with each other peer to peer without the need for third party trust. Holders of the Monster Byte tokens (MBI) will get dividends every quarter based on the overall profitability of Monster Byte operations. The dividend pay dates will be announced well in advance so that users can move their tokens back into a the waves wallet they control.
Monster Byte has big plans for the ICO funds. The sportsbook will get a new design and is currently rolled out to 10% of traffic on the BitcoinRush.io Sportsbook. Marketing efforts and promotional campaigns will be launched in time for the new NFL season, and Litecoin, ETH, and Waves will be added as additional deposit and withdrawal options in Q4. Finally, the B2B operations will be launched in early 2018, providing the capability for other fiat and cryptocurrency casinos to integrate provably fair casino games and other white label solutions offered by Monster Byte.
Where can I buy Monster Byte MBI tokens?
Right now you can buy them on the Waves DEX. You need to make sure that you are trading the verified Monster Byte token with the green check next to it. You can double check by making sure it is the token with this Asset ID = CJpRwfpBcFyA6p3g1fb7xuiArSQ7xLkNH8SD9AB4HeD9. Soon there will be other exchanges where you can trade MBI tokens.
Gambling is the crypto currency killer app. The lack of charge backs for the casinos and the freedom of players to be able to do what they want when they want is a match made in blockchain heaven. With the Mayweather vs. Mc Gregor fight coming up as well as the new NFL season not only will there be an all time high bitcoin price, but an all time high interest in sports betting and gambling with cryptocurrencies.
Disclaimer: This is a sponsored press release and does not necessarily reflect the opinions of any The Merkle employees. This is not investment or trading advice, always do your own independent research.