EarnBET.io or formally known as EOSBet quickly became one of the most successful Dapps in the existence of the crypto industry. In fact, after its launch, the number of transactions on the dApp surpasses that of an entire bitcoin network as we are reading further in the EOS news.
One of the reasons for the meteoric rise for Earnbet.io is because of the Dapps and their simplicity of the interface. By using the EOS blockchain, Earnbet is able to achieve instant deposits and withdrawals but also, more importantly, the funds are always in the users’ control. According to the data released by the company, more than 27,000,000 bets have been recorded since the launch and the company has paid out more than $377 million to the winners. Also, the company distributed the entire profits to the BET token holders which are about $4 million.
EarnBet is the first gambling platform built on the EOS blockchain which acquired an online playing license in 2018, and in today’s altcoin news we can see that the platform has built a decentralized account gadget that also makes possible for bitcoin betting and deposits.
The EOS dApps back earlier this year made approximately 55% of the transaction values and out of the $5.5 billion transacted on the EOS dApps , nearly 70 percent have been spent on the betting dApps.
EarnBET achieved a new milestone earlier this year by listing the BET token on the Binance DEX and New DEX. The company also plans to add two new games by the end of the year as well as to launch an affiliate page where the community members can keep track of their referral payouts. The team will also be announcing further plans to add additional revenue streams and functionality to the BET token resulting in more rewards for the token holders.
EarnBet wants to leverage EOS in order to implement decentralization and to provide attractive rewards for the players. It also allows users to use bitcoin when placing bets and in the near future it plans to add Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Dash, Doge (DOGE), TRON (TRX), Etheruem (ETH), and Ripple’s XRP.
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