Revolutionizing Online Gambling with Transparency
The launch of Edgeless.io’s token crowdsale has captured significant attention in the online gambling community, having surpassed $1 million in funding just within the first week. This ambitious Lithuanian start-up is on a mission to reshape the digital casino landscape by introducing the world’s first completely open and fair online gambling platform, boasting a groundbreaking 0 percent edge.
The Need for Trust in Online Gambling
Online gambling has long faced scrutiny due to the potential for rigged games. Many players unknowingly wager on manipulated outcomes, a reality that has led to the establishment of numerous online gambling blacklists. Edgeless.io aims to combat this issue by implementing fully transparent gaming experiences, where players can independently verify game odds via Ethereum smart contracts—an advanced technology that enables trustless agreements in the digital space.
Competitive Edge and Revenue Streams
One of the most intriguing aspects of Edgeless.io’s model is its promise of 0 percent edge. This raises questions about profitability. Co-founder Tomas Lukosaitis clarifies that not all games will offer this model. For example, sports betting—which can’t be entirely governed by player skill—will still have a traditional house edge. Meanwhile, games like Blackjack will allow players to potentially mitigate the house advantage through strategy, emphasizing skill over luck.
A Diverse and Experienced Team
The Edgeless team is a blend of expertise, including professionals in business, marketing, blockchain development, and even a seasoned gambler. The team previously launched a precursor to Edgeless, Etherslots.win, which served as a test for their technological foundations. This prior experience positions Edgeless to introduce its first game, Blackjack, expected within a month.
Investment Confidence and Market Position
Lukosaitis notes the positive feedback from investors, highlighting how Edgeless.io stands apart from many typical blockchain endeavors. “We are delivering a clear product with a business plan that addresses a specific gap in the market,” he states, emphasizing a rapid beta launch before the crowdsale concludes. This dynamic approach showcases confidence in both their product and the viability of the Ethereum blockchain for their operations.
Incentives for Early Investors
The Edgeless ICO, running until March 21, presents an opportunity for investors with a 5 percent bonus for early participation available until March 14. Investors who acquire EDGELESS tokens (EDG) can take part in a monthly lottery drawing, with 40 percent of the platform’s profits serving as the prize pool. The amount of EDG held will determine the prize distribution, adding an extra incentive to invest.
Conclusion: A New Frontier in Ethical Gambling
As Edgeless.io progresses, it represents a significant turning point in the online gambling sector, where transparency and fairness are becoming paramount. For those disillusioned by traditional online casinos, Edgeless.io’s innovative approach offers a fresh and trustworthy alternative. With their ongoing crowdsale, the company is not only challenging the status quo but potentially transforming the digital gambling industry itself.
