BetterBetting unveils ICO public sale for BETR

BetterBetting unveils ICO public sale for BETR

Friday, December 22, 2017 Posted by Michael Lawson
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Cryptocurrency enthusiasts are able to purchase up until the projected sale end in January 2018.

BETR, a digital currency aiming to pave the way for a decentralised peer-to-peer sports betting system, has been launched for ICO public sale by BetterBetting, a software systems enabler for sports betting on the blockchain.

As BetterBetting continues to pick up pace, ICO and gambling experts have predicted that BETR will shortly become the betting currency of leading sports betting sites.

Given the high level of interest, a rapid progression through the early-bird bonus levels (the first $5 million has a progressive bonus level) is anticipated.

Adriaan Brink, the CEO and Founder of BetterBetting Foundation, told TotallyGaming.com: “We are hugely excited by the traction BetterBetting has already gained within the gaming space. Most of our support thus far has been within the industry – people who understand sports betting just get the idea and are keen to jump on board. By removing friction and providing transparency and fairness for a bet between two parties who have no relationship with one another we will change the way that betting works for many people.

“By going down a peer-to-peer and also peer-to-sportsbook route we do not compete with existing industry players – rather we add to their potential user base and facilitate a much slicker method for instant betting. Our software will enable instant one-click bets from all sorts of widgets that don’t exist yet – think messenger widgets, one-click betting buttons on media and so on.

“We are not alone in the ICO field – it seems every day there is an ICO for some or other style of token. Ultimately the price of these tokens will be determined by how much they are used. Usage triggers demand which triggers liquidity and ultimately an increasing token value. Given that we address a large and existing market – funds held in sportsbook cashiers or in escrow for bets – it is relatively easy to calculate the size of the market, attribute a percentage penetration rate and derive a projected future value for the token. Pretty much any way you do the maths we end up a long way north of the 10c launch price.”

Totally Gaming says: There has been considerable levels of anticipation and excitement about BetterBetting’s ICO public sale of BETR. Cryptocurrency is a real hot topic at the minute, and the sports betting industry has understandably latched on to this. It remains to be seen whether BetterBetting can establish itself as the go-to cryptocurrency for the industry, or whether opponents will steal the thunder.   

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