Blockchain

Edgeless casino breaks record for biggest Ethereum-based gambling ICO ever

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Edgeless.io has raised over $2 million to date, making it the most successful Ethereum-based gambling ICO in history. The virtual casino’s success puts it well ahead of previous record holders VDice

Edgeless.io has raised over $2 million to date, making it the most successful Ethereum-based gambling ICO in history. The virtual casino’s success puts it well ahead of previous record holders VDice who raised $1.6 million. The crowdfund has attracted over 700 supporters in the sale of EDG tokens. EDG token holders have the opportunity to take part in a monthly profit sharing lottery with a prize fund equivalent to 40% of casino profits. Edgeless casino plans to launch the first fully verifiable casino with 0% house edge in an effort to bring trust back to online gambling.

The success of the crowdsale has prompted some in the community to ask whether this could be a pivotal moment for Ethereum. Gambling is well known to have played a key role in popularising Bitcoin in its early days and at one point it was responsible for over half of all transactions made on the Bitcoin network. It is possible that Edgeless casino could have a similar effect on Ethereum.

Early visualisations of the Bitcoin network show that the gambling site Satoshi Dice played an important role in early growth of the cryptocurrency. It was one of the more frequented nodes responsible for driving transaction volumes and for generating wider awareness of the currency. Satoshi Dice was set up by entrepreneur Erik Voorhees in 2012 when Bitcoin was just 4 years old. Ethereum turns 3 this year and Edgeless casino presents a significant opportunity for the Ethereum network. Increasing transaction volumes and wider engagement with the currency would be of enormous benefit to the overall community.

’It is a great time to be in the Ethereum gambling industry because the cryptocurrency is still relatively new and yet it’s features are literally game changing. A universal currency that offers fast, hassle free transactions – who wouldn’t want that? – and now of course Edgeless casino is offering fully verifiable game play and 0% house edge, these are significant draws for the wider gambling community and through which we hope to attract more gamblers into Ethereum’ . Tomas Draksas, Co-founder, Edgeless casino

With its current success, Edgeless is now in a strong position to launch. The team are beginning preparations for a provisional date next month. EDG tokens have been verified on Etherscan and will now show within MyEtherWallet and Parity wallets. Discussion with exchanges has begun and the beta release of Black Jack is expected shortly. To take part in the ICO visit https://edgeless.io

 

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