VIABET is a cryptocurrency based cloud betting platform, casino and peer-topeer sports betting site. We act as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. You create the games, we launch them, we promote them. We share the profits with our token holders.
The platform enables online players to bet against other online players, where one player acting as the casino is given the house odds. For example, a player is able to open a roulette table, or open a slot machine while other users play against him. The player enjoys the same odds and will profit from the slots and table profits as if he was the casino.
In order to qualify to become the casino operator the player has to purchase and stake VIA Tokens, play a certain amount of game rounds as a regular player against the VIABET casino, or against other players who have qualified to become casino operators. In order to create a fair, autonomous cloud-based betting experience for all users, a player cannot remain casino operators forever.
For this reason, an additional in-house utility token called “Edge” has been created.
Each time a player plays a round of any of the VIABET casino games he earns Edge Tokens. After earning a specific amount of tokens he will qualify to “become the casino” and will be able to offer and open games himself which will allow other players to play against him. During the time the player is operating as the casino operator, Edge Tokens will be deducted from his/her account. Once the player fails to maintain the minimum qualifying amount of Edge tokens required he/she becomes a regular player again, thus creating a profitable ecosystem for both players and the casino house.