The world of gambling is often associated with glitz, glamour, and high rollers.
From the bright lights of Las Vegas to the prestigious Casino de Monte-Carlo, owners of betting establishments are often seen as jetsetting billionaires that own sports teams, travel on private jets, and drink the finest champagne.
One project aims to take the almost-guaranteed profits out of the hands of the elite and put them into the hands of the average person.
The Moonbet Ecosystem
Founded in December of 2020, the Moonbet Ecosystem is a project that harnesses the wildly popular blockchain technology behind cryptocurrencies such as Bitcoin and Doge to bring decentralization to an otherwise centralized industry.
Led by Jason Poprawa, an iGaming specialist that has served as a sportsbook operations manager for a UK-based betting app and led marketing initiatives to promote the largest names in online betting, the project will launch with a public Initial Coin Offering on July 7.
“Despite there being thousands of online casinos and sportsbooks across the world, most people don’t know that a majority of them are owned by the same few massive conglomerates,“ explains Poprawa. “The top six iGaming companies alone have over 100+ brands to their name and are worth over $17 billion USD.“
Having worked for one such company while living in the iGaming haven of Malta, an island of 460,000 people where betting companies reign supreme, he saw the centralization first-hand.
“There are many entrepreneurs that work hard and start great projects in the industry. However, as soon as they become mildly successful, they are made an offer they simply can’t refuse from one of the massive corporations.“
“Ultimately, these corporations are completely taking over the iGaming industry and the people at the top are reaping the benefits.“
How the Moonbet project works
With a core team of eight people, Moonbet has developed their own MBET token on the Binance Smart Chain. Currently, Binance is the ranked fourth in value across all blockchain projects according to CoinMarketCap.com.
By simply holding the MBET tokens in a cryptocurrency wallet, the community members will receive direct airdrops of the winnings of the Moonbet Sportsbook & Casino, which will be launched in August.
With 50% of earnings being dispersed to the community, the additional 50% will be reinvested into the platform for further development, marketing, and operations.
The Moonbet Sportsbook & Casino is being developed in tandem with partners at Lion Gaming, a Vancouver-based company that has helped launched various iGaming platforms based in the blockchain.
Users will be able to deposit and play with a wide range of the world’s biggest cryptocurrencies including Bitcoin, Ethereum, Litecoin, and more.
With classic games such as blackjack and roulette, as well as dynamic new games such as Crash, players can actually verify the fairness of every bet directly through the platform. Since all games are conducted via the public blockchain ledger, a quick click shows the algorithm that ensures the randomness and fairness of all games.
The platform will be licensed and regulated by the Curacao Gaming Control Board, currently the one jurisdiction which offers licensing for blockchain-based gambling sites.
‘Led by experts, driven by the community’
What sets Moonbet apart from other projects in the online betting space is that it blends the experience and knowledge of iGaming professionals with a community-centric approach.
“We are going to run our Sportsbook & Casino using the same principles that make traditional betting platforms so successful“, explains Poprawa. “The difference is that we are sharing the earnings with our community, while also allowing them to have a say in the direction of the project through blockchain-based governance.“
This governance comes in the form of voting for all holders of the MBET token. “Our leaders will guide the project as a whole, but we want to let the community have a say in everything from which new games are added to our casino, to which teams we sponsor.“
“We will have a premium iGaming platform that can compete with the best in the industry because we are led by experts, driven by the community.“
How to buy MBET tokens
Moonbet will be conducting an Initial Coin Offering (ICO) Pre-Sale through their website beginning July 7.
Users will be able to create an account, log in and purchase the native Moonbet tokens called MBET for a discounted rate of $0.000025 using Bitcoin, Ethereum, Ripple, Binance Coin, and USDT.
The full Moonbet ICO will begin on July 22.