A new gambling-oriented currency is being supported by the Gunners.
The CashBet currency is aiming to grow in value and prominence. A part of this can be seen from how CashBet is working with the Arsenal soccer club to promote its work.
CashBet and Arsenal, a team that competes in the Premier League in England, has established a partnership through an endorsement deal. This is the first time that a cryptocurrency has ever been sponsored by a professional sports franchise.
The move comes as CashBet has yet to be released on the market. CashBet is expected to be released in the future with help through an ICO. The group is hoping to raise at least $40 million in its ICO through the CashBet Coins tokens it wishes to offer. The coins are expected to be 50 cents each and can be used on mobile phone gaming apps.
The sponsorship deal will include the official crest for the Arsenal soccer club on CashBet’s website. Images of individual team players will also appear on the site.
Understanding CashBet
CashBet is an American cryptocurrency that will work on online gambling programs. It is based off of an extended platform that offers full support for online gambling activities. CashBet runs a full game development program and database for supporting the development of casino games and sports betting programs. These include programs that support the use of cryptocurrencies as a payment or betting option.
The system works with a remote gaming server. This integrates CashBet games directly into an extended platform. This uses a full layout to make it easy for content to be shared with others.
The coins that CashBet will produce are to be used as digital currency for playing games on CashBet programs. This will work a little differently from the traditional deposits that people can use for getting matching bonuses.
CashBet’s Coins will be made available on many casino sites. CashBet has partnered with the Atomic Casino, Jenny Vegas, Bliffi Star Casino and Casino Cash sites and apps. These places offer many betting options and even include a few bingo rooms.
CashBet will be looking to target people who are interested in online gambling activities. This comes as the online gaming industry has developed into a multi-billion dollar industry. The link with Arsenal will help set up CashBet as a popular entity in the field.
What About the ICO Details?
CashBet has not released any information on its website over how the ICO will be utilized or even when it will start. It has promoted its ICO at some physical events in the past with an emphasis on accepting many currencies and for keeping fees for getting onto gaming sites cheap.
The site does have full details on how the CashBet platform for running online gambling activities works. This includes full security information on how users’ data will be protected. The site has also been updated to include the Arsenal crest and player images.
The ICO is expected to help with getting CashBet to continue to offer its general betting features and to support its development plans for various sites. This includes support for producing a strong security system and programming platform for casinos that wish to use its services.
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