Topic: [ANN] [CBC] CashBet Coin Public Sale Live - page 57. (Read 26222 times)

Not at all. Why did you think it is?

HOw is this related to the LFE token , or is it not at all ?

Sure would be nice if they engaged us on here with some answers to these questions. 

The website claims they current have 450 Game Supported on Platform
and
has 770% player increase since 2015.

• Anyone know how many player on their Platform in 2017?
• What is the average online time for each Player?
• What is the average revenue for each Player and Game Partner?

Seems their whitepaper doesn't provide everything...

25k is only during the presale.  There is no minimum in the next phase.

Are you sure that the other project will be ready first?  These guys have been operating since 2012 so have a big head start in terms of the gaming side...they already have numerous gaming businesses using their platform. The crypto layer is actually the easiest bit...

This has some potential, but 25k as an initial investment is too high of a risk.  Plus there is another crypto gaming platform I support and I bet it will be ready before you guys roll out......so.

Went through your websit and I have to admit it is well detailed and describes very well all information about this project. btw, does not need Chinese white paper translation?

"The World's Only Crypto-Ready iGaming Platform" - Seriously? The only one? 

Really interested in Bounty Program but my mother language is not on the list. I am Thai native, with 15 years experience of translation. If you might have any plan to expand your target, I would be very happy to offer my service.

The minimum is too high

Announcing the CashBet Coin Bounty Program - participate and earn CBC - apply today! https://medium.com/@CashBetCoin/cashbet-coin-bounty-program-b03e6eb3e947

Was about to sign up when I notice the minimum is $25,000 which most of us can't afford including me.
Was really liked the fact that you partnered with arsenal (I use to bet their team on cloudbet) but hoping you could reduce the coin min investment or so.

Not a small amount to collect and not a small price of the coin, but that Arsenal partnership sounds like  you are serious.
I would like to see this coin succeed. We need to that next level of commercial promotion for crypto.

mobile-first platform for real-money, social, and skill based interactive gaming, i see this is great project and The official Cryptocurrency partner of Arsenal Football Club. It's will make interesting for invest in this project.

I do not believe that they have any intention to offer decentralised unregulated gambling services.  What have you read to make you think this?

Everything I have read so far indicates that they are using this token as a convenient means of payment and transparent method of proving fairness and audit accountability within their current gaming infrastructure.

Cashbet is a licensed gaming company and complies will all the laws. Is it possible to support the goals and potential of blockchain, yet comply with laws at the same time

[/quote]

This is factually untrue. For this venture Cashbet IS NOT regulated AT ALL and is actually grossly in contravention of its Alderney and UK gaming license terms to be promoting any forms of gambling that are not regulated. They are regulated for casino gaming for FIAT currencies only. Any illusion to the fact that their licensed entity in Alderney or UK has any bearing to their ICO is 1. false advertising and as i've said before 2. a breach of their licensing terms in both jurisdictions. You can't play both sides of the fence on this one; you can't promote decentralised, unregulated blockchain gambling whilst in fact holding centralised, regulated licenses in order to undertake that. It is 1, completely illogical and 2, Cashbet runs the risk of losing their licensing in both territories as a consequence. Would these guys throw away their core business if the regulators demanded that they stopped promoting what they considered to be "illegal gambling" by their local governance terms? I don't think so therefore this project has very little merit and is literally just a cash grab by cashbet. The business model makes no sense whatsoever going by the terms and conditions the company has to work under. I expect the UKGC to at least write to cashbet to inform them of their terms of holding a license. Acknowledgment of either licenses in this ICO is illegal under their licensing terms also. Very amateur from cashbet.

PayPal can be reversed and takes days to credit winnings to your account. Using crypto brings benefits to punters.

Any concerns about KYC are pointless. Cashbet is an established and popular gambling platform. They have to adhere to the terms of their licensing. If you don't like KYC, then you are free to gamble elsewhere.

For me, an ICO with a token that will have uses and benefits to an already existing and growing  user base is quite exciting. Cashbet isn't a new company...they already have skin into the game. How many ICOs can boast that?

What's the point of using cryptocurrency payment if you have to give your ID? you may as well use paypal to found your project.
The project seems to have a lot of potential yet they make that stupid decision to force KYC.

From the cashbet website FAQ

Cryptocurrency are not regulated by any one country yet you force KYC which is a regulation that was invented by banks/government to slow down innovation. Based on that it seems you didn't need to do that yet decided to do it anyway, probably for selling those informations in case you can make even more money.

The limit set to 25 000USD for pre ico is something I don't like either, it doesn't seem fair distributed, though I can understand you fear your project won't have enough money.
I hope you at least reserve a part of the coins for the public ICO in case all of it is bought during presale. If it is not the case I wish your project fail with all my heart exactly like Cypherium (all Cypherium coins was sold during pre ico)

Other than that I will certainly invest in it if KYC is removed as it seems like a great project with a good team and great potential.


PS: any ICO forcing KYC should be shamed in this community, The beetoken is one of them, we have to voice our opinion to educate people of Government's terrorism (yes they are the terrorists)

So a company that believes in the decentralisation of gambling is raising an ICO and is using its own platform that completely relies upon a regulated and centralised system in order to do that. Makes any sense to literally anyone to invest in this? Surely not. The owning business is in the USA, i'd like to see them take one solitary bet officially through this platform in the States - just one spin of a casino reel - in order to prove that they will be ok from their own piece-of-mind to break US law for this business to be successful. The entire gambling industry is currently spending billions to lobby the US federal government to allow gambling and somehow cashbet - who clearly understand from their own business model in Europe that they need to be regulated - think they can skip past this? No, of course they don't think that. They basically expect mugs with little knowledge or oversight of the intricacies of gambling and its legalities to invest in this "gold-rush" scheme. The biggest online casino market on earth is China and they are nailing crypto's to wall at the moment so and with the US market not being touched why would you bother investing in a scheme where the founders would not dare touch any regulated, licensed or banned countries with their platform, as they would actually be in contravention of their own licensing laws. I am actually going to take this up with the Alderney Gambling commission where Cashbet holds its licensing as I am quite sure by promoting non-licensed gambling they are in breach of their terms of holding that license. Guys, wake up and smell the coffee Cashbet are looking for a quick buck from us. Projects like Gnosis and Augur have tremendous merit but this is an utter sham. What Arsenal were thinking to allow these guys a sponsorship deal is utterly surreal.

agree. I also would like to wait for the next stage.