EDGELESS Initial Coin Offering (ICO) Explained - CRYPTO WATCH

in #steemit7 years ago (edited)

In this article I am going to describe to you exactly what it is that EDGELESS offers and in layman's terms, how EDGELESS works, and how truly ground breaking EDGLESS will be, and after already raising $1 million dollars, and hitting its initial target, the project is in good shape to deliver on it's promises.

This is one of the most promising projects I have seen launched so far in 2017, and I make it my business to keep informed of new projects in this space, so I should be able to give a fairly rounded opinion and insight into the project.

With only 9 days left before the Initial Coin Offering (ICO) period ends, I highly recommend reading on to find out why EDGELESS is the Decentralised Gambling Platform of the future, and how this platform will shape the way in which people will gambling in the future.

(JUST 7 DAYS LEFT BEFORE ICO CLOSES)

ICO Website: https://edgeless.io/

There are many gambling platforms that one can use to make their bets using all types of currencies and more recently, Bitcoin and Ether. For decades, people have used these platforms to make bets and gamble from the comfort of their own home and when they are away from home now that a lot of these websites are mobile / tablet friendly in the form of Apps. But even up until the current day, these gambling platforms are always configured to give the house the edge and the gambler a disadvantage; this is after all how these companies make their profits. And as they say, the house always wins.

So in effect, your odds of winning are always stacked up against it when it comes to your chances of winning against the house. Of course, there are winners, but there are more losers than there are winners, and this is pre-determined by the house rules and algorithms the machines have, whether it be in a casino or online, using fiat currency or Bitcoin.

Gambling and betting should be a level playing field, many people like to gamble whether it be for fun or whether they are trying to increase their financial holdings. But this has never ever been the case, EVER.

That is up until Now.

Enter EDGELESS.io

Because of the birth of Ethereum and the ability to use programmable code in the Ethereum Blockchain, for the first time, transparent and provably fair algorithms are possible for all users of the platform always. Code is law and because code is law and will be powering the platform, there is no way the house can have the edge over the user. The only edge the house has over the user is the disadvantage the user has with any bad decisions made. Natural human error.

EDGELESS will be providing players with games such as Black Jack, Video Poker, Dice and Sports Betting, with the aim to have Blackjack and Video Poker online by the end of 2017, and having the Black Jack game in operation by September this year. In fact, recent chatter from the Developers indicate that they are aiming to have Black Jack rolled out by the end of the ICO, but they aren't making any promises.

People are put off gambling sites as the win/ lose ratio is usually noticeably biased towards the house, where one might get lucky here and there but overall the losing ratio heavily outweighs the wining, and the House always wins.

But imagine a platform where the playing field is completely level and no odds are working against you, where the odds are as good as if you were playing with real playing cards in the real world. I can imagine that this kind of platform will attract many punters as, well, why would anybody want to bet anywhere else!!?? The House has no Edge.

Having a 50/50 chance of winning would attract many gamblers to the platform, so you could say your chances are as good as winning a coin flip, and as far as I'm aware, there aren't any such platforms out there that offer this kind of fairness, anywhere.

With your chances of winning being as high as the house’s chancing of winning, this is literally a gamer changer in the industry and EDGELESS will be able to offer such a service.

The amount of risk is lowered immensely and knowing that your odds of winning are as good as playing with a friend at home is quite an incentive for users to begin to use the platform. As the platform grows it will most likely capitalize a decent market share of the online gambling market continuing to grow due to the game rules implemented.

The User Interface (UI) will be clean and what you would expect from a high end online casino. After all, the game-play and how the game looks is an important part of the user experience. Luckily the EDGELESS team have this covered. They recognize that the platform needs to look as modern as the technology being used to power it, the image above is an example of what EDGELESS has in store for its players, although this is still work-in-progress and the colour scheme has not yet been finalised. And from the image above it looks like users will have a very nice environment in which to play the first game being rolled out, Black Jack.

I've been waiting for a project such as this to hit the scene as I know that the appeal for such a creation will be immense and that I am not a fan of how the current gambling sites work where the odds are not freely advertised and that the odds will always be against me.

But not anymore, thanks to the soon to launched, EDGELESS.

I hope you found this article informative and that it has managed to give you a good insight into what EDGELESS is trying to achieve.

To participate in the EDGELESS ICO, just click on the following link;

ICO Website: https://edgeless.io/

PLEASE NOTE: for legal reasons unfortunately, US citizens are not legally allowed to participate in Edgeless Project crowdsale.

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Good points in this blog. Interesting to see I'm not the only one that is thinking about this. I've been asking myself. How many people really do a proper background check before seriously investing in an ICO? I found this great website: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market. Check for example: https://www.coincheckup.com/coins/Edgeless#analysis To watch Edgeless Indepth analysis.

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