On July 3rd, the Monster Byte ICO presale sold out in under 5 minutes. Due to the strong demand in just several minutes, the presale was slightly oversubscribed. Investors purchased $207,449.28 worth of Monster Byte tokens with bitcoin, ethereum, litecoin, and waves.
Monster Byte also reported that they received unprecedented interest and the payment provider was temporarily overloaded. Monster Byte is currently undertaking several technical measures to ensure that this does not happen during the main ICO phase, which is scheduled to begin on July 8th at 20:00 UTC.
What is Monster Byte
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, and Baccarat. These websites include BitcoinRush.io, PeerBet.org and Bit777.com.
Funds raised during the Monster Byte ICO will go towards strengthening their consumer websites, as well as entering into the B2B wholesale sector, reselling their proprietary casino and sportsbook software to both traditional and cryptocurrency operators.
Some highlights of their near term roadmap found in their whitepaper are highlighted below:
BitcoinRush.io will launch a new Sportsbook with a sophisticated risk-management system in place which will enable them to earn anywhere from 2.5% to 4.0% on all wagers placed, regardless if the players win or loses. In addition to this new backend platform, they will introduce a new UI/UX built with mobile users in mind.
PeerBet.org, one of the oldest dice sites around, will be relaunched with a far more modern look and feel; built with a responsive design for mobile and tablet play.
More Coin Support
Just ahead of the US NFL season, Monster Byte will begin accepting other cryptocurrency coins on BitcoinRush.io, include Waves, Ethereum, Litecoin, Dash, and others.
The Casino and Sportsbook APIs will be available for consumption by third party operators that want the benefit of Monster Byte’s no-risk sportsbook, and provably fair casino platform..
Telegram Betting Support
Levering the B2B APIs, Monster Byte will leverage the powerful nature of Telegram Bots and broaden the pool of their users drastically by allowing seamless wagering all within the Telegram platform.
I want in where do I go?
Join the slack and talk to the team
Disclaimer: This is a sponsored post 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.