Jun 20 / 2018
Latest News / Casino & Gambling

CashBet Raises $38 Million for Complete Crypto-Ready mobile Platform

Participants from more than 100 countries partake in CashBet Coin’s token sale

CashBet, one of the leading, mobile-first iGaming platform providers, today announced the successful completion of its token sale. It raised a colossal $38 million to develop the world’s first complete crypto-ready mobile iGaming platform, ranking as the biggest iGaming ICO project ever.

“The success of the CashBet Coin token sale demonstrates a clear need for compliant, user-friendly iGaming solutions,” said Mike Reaves, CEO and Co-Founder of CashBet. “We look forward to continuing to build the CashBet community and deliver on our roadmap to develop the world’s first complete crypto-ready mobile iGaming platform.”

People from more than 100 countries participated in the ICO, helping CashBet Coin reach a total of 142,975,000 tokens. Presently, token distribution is underway and will continue through the end of June. CashBet Coin’s partners include Arsenal Football Club, Lottery.com, Greentube, and Imperial Play. CashBet Coin is now listed on Bittrex as CBC.

Novomatic’s Greentube subsidiary will be accepting CashBet Coin as a payment method on its GameTwist social casino platform. Lottery.com will integrate CashBet Coin as a payment methods across its sites and apps, and integrate CashBet’s proprietary iGaming platform to power its social impact raffles.

CashBet’s agreement with Arsenal Football Club made Arsenal the world’s first major team in soccer to officially partner with a cryptocurrency. CashBet is Arsenal’s exclusive and official blockchain partner, giving CashBet Coin prominent brand placement via in-stadium advertising at home games in Emirates Stadium.

Imperial Play, not long ago, began accepting CashBet Coin as payment on its social casino, “The Steam Palace”. The Coin democratises availability of world-class iGaming entertainment via enabling players in underserved markets to bet through CashBet-powered casinos. This is beneficial for players due to a variety of provably fair content, reduced transaction costs, and fast payouts.

 

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