CashBet Announces Blockchain Integration and Intent to Launch Its Initial Coin Offering (ICO) with Token “CashBet Coin”

New Advisory Board Members from GSN Games, Jackpotjoy, and ConsenSys Join to Support Vision of CashBet as the Leading Crypto-ready iGaming Platform

CashBet announced a major blockchain initiative for its patented iGaming platform and intent to launch an Initial Coin Offering (ICO) of its cryptocurrency designed for iGaming, CashBet Coin. Incorporating blockchain into the CashBet platform will better enable the company to offer the only complete, crypto-ready iGaming platform on the market. CashBet Coin’s ICO presale will begin on January 24, 2018 at 0:00 GMT +8 and will end on February 20 at 0:00 GMT +8. The public sale is expected to begin March 20 at 0:00 GMT +8 and will continue until April 27 at 0:00 GMT +8. The ICO will end early if the hard cap is reached prior to the end of the public sale. Key information on the token sale, including the whitepaper, token structure and use of proceeds, is available on the ICO website: https://coin.cashbet.com.

Dr. Mike Reaves, CEO and founder of CashBet, said: “The introduction of CashBet Coin will enable operators to solve the biggest problems facing crypto casinos today: speed, trust, and cost. Integrating blockchain technology into the CashBet core iGaming stack will open new markets by democratizing access to world-class entertainment for a new group of players currently underserved by the centralized banking establishment. Additionally, the associated technology initiative will be far more scalable and cost-efficient on a per transaction basis than current blockchain-based casino software.”

CashBet Coin tokens will be issued within two weeks after the ICO completes. The introduction of CashBet Coin as an ERC20-compatible cryptocurrency token will roll-out in several phases that include inviting token holders to an exclusive VIP experience, introducing regulated cryptocurrency wagering, and providing facilities for customers and partners of CashBet to pay their fees via CashBet Coin. Later, CashBet will launch CryptoRGS, the first provably-fair iGaming content distribution network suitable for crypto casinos, and CryptoGo, an off-chain state channel-based technology designed to minimize cost and payout delay for players.

CashBet also announced advisory board appointments to support the ICO, including:

• Stuart Lewis-Smith, GM of GSN Games / Sony
• Lars Wahlström, GM, Jackpotjoy, Sweden
• Kevin Flood, Founder, Gameinlane, former CTO of PurePlay & GM of Harrah’s Online
• Tjaden Hess, Blockchain Software Engineer, 1protocol, ConsenSys
• Jay Berg, Founder of Protoblock, Inc., former core developer at Coinsetter

Reaves continued: “We anticipate several more patents to be issued for this technology to complement the two patents that were issued to CashBet in December. The heavy hitters we’ve added to our software engineering team and advisory board will help us fulfill our vision of offering the most feature-rich cryptocurrency-ready iGaming platform. The ease of use and liquidity of our token, CashBet Coin, will open new markets both in terms of players and operators. This new cryptocurrency will allow us and our partners to attract new players through access to a robust VIP program as well as consumer protection, minimal transaction fees, faster payouts, and hundreds of high quality games that do not exist on any other cryptocurrency-enabled iGaming platform.”