Viabet! ICO!

World’s First Cloud Betting Casino

Experience a new revolutionary approach to cryptocurrency gamblingand peer-to-peer sports

Trust Problems with Online Gambling

Online gambling typically incorporates similar methods to that of offline gambling, with the traditional setup whereby “the casino” (a regular licensed casino) plays against one or more players. The challenge of gambling, wherein players risk something of value, such as money, for the chance of winning a prize, is usually predicated on the knowledge that a certain risk is inevitable, yet there are reasonable odds for winning.

Moreover, players ordinarily demand to know that such odds are maintained by “the casino”, and as such there is a certain trust in the fairness of the casino or house.

The field of online gambling, however, is often suspected or distrusted by players and potential players, for compliance with such standards of honesty and reliability. This is not necessarily owing to a negative history and bad reputation of individual gambling sites, but due to the fact that players are alone, and cannot see the house or the players in the house.

In some online casinos there is a multi player feature where players can see other players' hands. What the players can never see or check is the random number generating system or the game engines, and even if these are checked and verified by auditors, there is nothing stopping the casino owners from making changes after the games are audited. As such, despite promises from the house that fairness reins, this is something which can often not be verified by players.

The Solution

Provable fairness is a technology facilitated by both cryptocurrency and blockchain technology that makes it impossible for a player or casino operator to cheat. You no longer have to be suspicious of the house for bets lost.

So, whatever game you are playing, you can be confident that the result is fair and accurate given the probable fairness of our gambling platform. Corresponding concepts provide a way for both the operators and players to contribute to randomization, which in turn removes any possibility of deceit or cheating.

The foundation of fair gaming algorithms were laid by pseudorandom number
generators, utilizing seeds which determine the outcome of wagers. A seed shall be equally influenced by players and hosts, meaning that the result of each bet at a provably fair casino is a team effort. The house is no longer in complete control of randomization.

To prevent malicious behaviour, hosts mustn’t show us their actual seed at first. Instead, they present a commitment of their own seed to us. Similarly, to envelopes, commitments seal and conceal messages contained by them.

Theycannot be altered or revealed without consent from the sender. For example, hosts may commit a seed by using a one-way hash function or public key cryptography. Hosts shall provide transparency and proof of authenticity by revealing their actual seeds at the end of each game. Anyone in possession of a host’s commitment may verify the immutability of the corresponding seed

In order to qualify to become the casino operator the player has to purchase and stake VIA Tokens, play a certain amount of game rounds as a regular player against the VIABET casino, or against other players who have qualified to become casino operators. In order to create a fair, autonomous cloud-based betting experience for all users, a player cannot remain casino operators forever. For this reason, an additional in-house utility token called “Edge” has been created.

A GAME CHANGER

What’s better than owning a casino? Owning the games inside the casino!

VIABET delivers an all-out fresh approach to online gambling. A simple, yet elegant solution that allows the player to actually become the casino. The player will be able to offer and open games himself which will allow other players to play against him/her. VIABET essentially allows players to create their own games and rules within the online casino.

This is not just evolution, this is a revolution of the gambling industry as a whole and we welcome you to be a part of it.

VIABET is a cryptocurrency based cloud betting platform, casino and peer-to-peer sports betting site. We act as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. You create the games, we launch them, we promote them. We share the profits with our token holders

The platform enables online players to bet against other online players, where one player acting as the casino is given the house odds. For example, a player is able to open a roulette table, or open a slot machine while other users play against him. The player enjoys the same odds and will profit from the slots and table profits as if he was the casino.

DOUBLE TOKEN SYSTEM (DTS)

In order to qualify to become “the casino” players will have to purchase and stake “VIA” Tokens, play a certain amount of game rounds as regular players against VIABET, or against other players who have qualified to become the casino.

Each time the user plays a round of any of the VIABET casino games he earns “Edge” Tokens. “Edge” is an in-house utility token that can also be used as a unit of exchange between players in the new, cloud-based betting platform.

After earning a specific amount of tokens the user will qualify to become the casino and will be able to offer and open games himself which will allow other players to play against him/her.

ECONOMY

Become part of a $50 billion dollar industry. Online gambling is one of the largest and most rapidly expanding industries today. With at least 50% of the global population participating in some form of gambling every year.

SYSTEM FOR EVERYONE

As Steve Jobs said, “You have to start with the customer experience, and work backwards to the technology”. At VIABET, we very much believe what the great founder of Apple has said. Simplicity and intuitiveness is in the core of our platform.

VIA

The driving force behind VIABET. A cryptocurrency based on the Ethereum technology that allows us to create a fair, autonomous cloud-based betting environment for all users. Limited, locked supply, and no dilution.

CLOUD BETTING

If you can’t beat them, join them. Create your own games, your own rules. An exciting new system that enables online players to bet against other online players, where one player acting as the casino is given the house odds.

THINKING “BIG”

As history shows, most first-movers are rewarded with huge profit margins and monopoly-like status. Our ultimate goal is to become one of the largest gaming platforms in the world.

Following launch, our platform will include P2P sports betting, dice games, poker tournaments, as well as other provably fair casino games such as Roulette and Blackjack.

We will support multiple cryptocurrencies including: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.

These are the advantages of online casinos:

▪ Online gambling is much more convenient as players do not need to leave their home

▪ It is possible to play for free before playing for real money

▪ Multitude of payment methods are accepted

▪ There are more available games

▪ Players can register an account with multiple operators and see which casino is the best one for them.

These are the advantages of cryptocurrencies:

▪ Cryptocurrencies cannot be counterfeited in the way which credit cards and banknotes can

▪ Transactions are carried out immediately, whereas with some traditional methods players would have to wait for longer periods before the amount appears in their account

▪ Cryptocurrency transactions generally include lower fees compared to
traditional transactions

▪ Everyone with an internet access can take part in cryptocurrency trading

“Edge” Token Integration

In order to create a fair, autonomous cloud-based betting experience for all users, a player cannot remain the casino operator forever. For this reason, an additional token called “Edge” has been created.

“Edge” is an in-house utility token (or credit token) that can also be used as a unit of exchange between players at VIABET.

Each time a player plays a round of any of the VIABET casino games he/she earns Edge Tokens. After earning a specific amount of tokens he/she will qualify to become the casino operator and will be able to offer and open games himself/herself which will allow other players to play against him/her.

During the time the player is operating as the casino operator, Edge Tokens will be deducted from his/her account. The accumulation and deduction of “Edge” Tokens will not be influenced by the
players' winnings or losses while a player is operating as a player or as the casino.

VIA Marketplace

VIABET provides a completely new online casino experience by not only offering your favorite online casino games and sports betting but by taking your ordinary online casino experience up a notch with our unmatched brand-new auctions system.

Using the Scala Framework we’ve created a whole new system for game creators and casino providers while delivering a high productivity development environment, and seamless production deployment experience.

VIA Tokens (XVIA)

The platform is powered by an Ethereum-based ERC20 protocol token called
“VIA” guaranteeing absolute casino transparency. In order to qualify to become the casino operator a player will have to purchase and stake a minimum amount of VIA Tokens into his account at VIABET.

Depending on the game different amounts of VIA will be required. There is no way to host games within the VIABET platform as the casino operator without first owning and staking VIA Tokens.

Users will be encouraged to transact with VIA as this will offer many benefits within the platform such as bonuses, and higher payouts.

VIABET promises a flawless, provably fair gambling experience. The website will be compatible for online and mobile, and will be active 24 hours, seven days a week to serve a global market.

Customer loyalty program offers will reward both new and loyal customers. Customer care and technical support will be available around the clock to service customers from all time zones.

We position ourselves as a customer-centric business, which is why our offer and infrastructure will be user-friendly. The website will simulate the interactive casino environment while simultaneously providing a level of convenience and privacy not offered by regular fiat based casinos. Our customers will be able to
engage in casino games, all from the comfort of their homes, offices, or anywhere else in the world.

Cryptocurrency wallets are anonymous, and our casino will not require any logins or registrations, thereby providing absolute anonymity.

Instant and cost-effective cryptocurrency transfers will provide instant money deposits and withdraws for the customer, while regular casinos hold your money for 1 - 3 days before remitting it to you.

The Market Opportunity

Online gambling takes place legally across 85 nations worldwide, with Europe alone owning a revenue share of $15 billion. The global market is worth over $50billion per annum and is expected to achieve a compound annual growth rate of between 11 and 16 percent between 2017 and 2020.

Furthermore, this market no longer consists only of the stereotypical middle-aged, middle-class man. Males
between the ages of 18 and 35 remain the dominant market, but young men and women, and lower to middle and upper-income classes, are increasingly becoming active players in the gambling arena.

Growth Opportunities

There are many growth opportunities for VIABET. First and foremost, we will launch our services globally utilizing various marketing strategies.

VIABET will build a solid customer base in its first year that it can use to leverage growth in succeeding years. At first VIABET will target users in the cryptocurrency gambling space by optimizing its multiple marketing initiatives and leveraging its key differentiators.

We expect to be able to expand our business in terms of a global fiat customer base through loyalty programs, promotional bonuses, and word-of-mouth.

We will keep in touch with our customers through social media and direct feedback. We aim to become a TOP 10 online casino within the first two years of business.

Site https://viabet.io

Whitepaper https://viabet.io/viabetio_whitepaper_v1.pdf

Bitcointalk https://bitcointalk.org/index.php?topic=2323680.0

Twitter https://twitter.com/viabetio

Facebook https://www.facebook.com/viabetio

My Bitcointalk account https://bitcointalk.org/index.php?action=profile;u=1184171