EthBet price is $0.01338717
The current price of EthBet (EBET) is $ 0.01338717. Over the past 24 hours, it has increased by +0.00%.
EthBet is a cryptocurrency token that operates on the Ethereum platform. It is touted as the first peer-to-peer (P2P), provably fair, zero-edge gambling platform that allows users to bet directly against each other instead of against a house or a casino.
EthBet was developed by a team of seasoned blockchain enthusiasts and gaming industry veterans. While their identities are not publicly disclosed, the team is said to comprise of individuals with robust experiences in cryptocurrencies and the online gambling industry. Anyone interested in their groundbreaking platform can get more information on their official website.
EthBet operates on the Ethereum blockchain, using smart contracts to facilitate and verify all transactions. Just like traditional betting platforms, EthBet users can place bets on different events or games. What sets EthBet apart is its peer-to-peer functionality, meaning users are betting against each other, not against a house or a centralized authority. All transactions are automated, transparent, and secure thanks to the inherent properties of the Ethereum blockchain and smart contract technology.
What makes EthBet unique is the fact that it is the first of its kind, a decentralized, P2P betting platform that offers zero edge gambling. What does it mean by zero edge? Simply put, EthBet doesn't rake a percentage from each bet, hence giving players the true odds of winning. This unique and innovative business model, combined with the power of blockchain, gives players full transparency, control, and fairness in their betting, a feature that is not common in traditional gaming platforms.
While all transactions on EthBet are secured by the Ethereum blockchain, which is known for its robust security features and sophisticated encryption, users must be careful when dealing with cryptocurrencies. Security ultimately lies in the hands of the individual. It is always advised to store your EBET tokens in a secure wallet, use strong passwords, and be wary of phishing attempts.
The currently circulating supply of EthBet (EBET) is 8.5M, out of a total supply of 10.0M tokens.
EthBet (EBET) is available for purchase on the following exchanges: EtherDelta, HitBTC. As with all digital asset purchases, it's essential to do your research and consider your risk tolerance before getting involved.
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