Crypto Stake tokens are an essential part of the sportsbook and casino platform of the future

Crypto Stake tokens are an essential part of the sportsbook and casino platform of the future



World gambling statistics show that about 26% of the population gambles. That means about 1.6 billion people worldwide gamble and 4.2 billion gamble at least once every year. When it comes to online gambling and demographic statistics, a UK study concluded that 17% of the population gambled online, generating £5.3 billion in revenue for the online market alone. The market size of the worldwide sports betting and lottery sector has consistently increased in the last four years, following a sharp decline in 2014. In 2019, the sector was valued at US$218.49 billion, reflecting an increase from the previous year.

However, massive reductions in global operations and falling demand in the sports betting and lottery sectors are expected to drive the industry's market value by as much as seven percent by 2020. Set to the Top $635 Billion casino market What is immediately apparent is the incredible value of the casino market. the casino industry in 2017, with a predicted value of $635 billion in the coming years. Breaking down these statistics further, it is worth looking at the two main components in the growth of casino gaming – namely the United States and the United Kingdom.

In the United States, the predicted cash income is expected to reach $21.14 billion, while in the UK it is estimated that online gambling revenue should reach $4 billion. These two numbers alone make up what should be 5.7% growth of the global gambling market before 2022. The growth associated with casino gaming is, in general, enormous, but almost all of this is happening in the online domain. Land-based casino gaming is still in decline – apart from certain regions – as has been the case in recent years. As new online markets open up, we can only assume that the online casino industry will continue to dwarf land-based operations.

This amazing new platform will have its own special exchange so that every punter can exchange any Crypto Currency they hold into Crypto Bet and take advantage of higher betting opportunities, if you don't have time to swap your bet places using your top 100 Cryptos holding or even using fiat, we aim to provide services to everyone regardless of the currency they wish to use, betting on casino games or sports book events is being catapulted into a fantastic new modern existence.

What is Crypto Betting?

Crypto Stake creates a decentralized and trusted framework for sports betting using a wave blockchain, a proposed solution that integrates a decentralized oracle consensus network with a series of smart contracts, allowing users to place bets on sports results with waves.

The Purpose of Crypto Betting

The goal is to become the best sports betting platform creating decentralized global betting, sports betting platform and business, Creating the largest crypto Gambling user base worldwide by 2024.

Advantages for Crypto Betting

Transparency - When playing online games, players have no way of verifying the randomness of the methods used to determine winners. Crypto stocks address this problem through the use of blockchain and smart contract technology. Algorithms for generating random numbers are publicly available and auditable. Random number generation and distribution of winnings do not happen in Crypto stake servers but in decentralized blockchain environment. As a result, neither party is allowed to intervene in this process.

Trust - Most online gaming industry websites are unable to provide users with sufficient transparency to ensure players' complete trust in the integrity of the site administrator. Players have no way of knowing how many people who played won, or how much money was won. Our platform operates in a completely transparent manner, as all transactions are recorded on the blockchain. Anyone can monitor and track the progress of all our images on an independent platform.

Resilience - No matter what security measures a site owner takes, the risk of hacking is always there. Crypto betting is a program that operates in a decentralized manner. If the website is compromised, the attacker will not be able to interrupt the drawing process or gain access to the Jackpot. Websites are just interfaces to the infrastructure that Crypto builds.

Efficiency and Ease - Crypto stock transactions have no complicated formalities. In fact, users only need to create a wallet address to send and receive coins. This means personal or bank information is not required.

Featured Unique Crypto Bet

Anonymity

Some crypto casinos allow gamblers to create accounts with just a username and password. You do not need to provide your legal name, address, telephone number, date of birth or any such information. For various reasons, many players don't want to reveal their identities; therefore, using cryptocurrency is the perfect solution.

Bigger bonus

From our research, Bitcoin casinos tend to offer bigger bonuses than regular casinos. Similarly, there are several sites that accept fiat money and crypto deposits, and the bonus offers are usually larger for crypto gamblers. We're not really sure why this happens, but it does. So, if you are a high risk player, using crypto as a payment method is the best way.

Before you go crypto

There is no doubt that using crypto in online casinos has many advantages, and we haven't even mentioned that pure crypto casinos use provably fair algorithms that guarantee the fairness of every game. This data is open source, meaning it can be checked and verified on the blockchain. Complete transparency, so no rigged games.

However, it is appropriate to highlight that the price of this digital asset is highly volatile. Bitcoin, for example, hit $20,000 in late 2017; in 2019, it fell to around $3,000, and in early 2021, it rose again to over $60,000. At the time of writing, it is now just over $31,000.

This is something to keep in mind. You can get lucky, and the value of the dollar increases, which gives you bigger wins at the casino, but if the value of the digital asset goes down, the opposite is true.

Crypto Betting Token

There has been a recent increase in cryptocurrency based betting services to meet the demands of a market that prefers its use over fiat currencies. Despite their popularity, these escrow services follow the trend of centrally unprofitable use of cryptocurrencies, creating counterparty risks that were not previously there. This happens because users entrust their cryptocurrency holdings to services that are vulnerable to hacking and do little to help victims of theft. We propose a sports betting exchange that solves this problem through decentralization, eliminating the central point of failure to allow the use of cryptocurrencies without the risk of counterparties.

What is Crypto Betting Token (CST)?

Crypto Stake tokens are an essential part of the sportsbook and casino platform of the future. It is used as the exclusive currency on the Crypto Stake platform for both sports betting and casino games.

Tokonomics

  • Token Name: Crypto Bet
  • Ticker Token: CST
  • Blockchain Platform: Wave
  • Total Supply 200,000,000

Token Utility

  • Through the use of Crypto Stake tokens as a digital currency, players from all over the world can benefit from low transaction and administration fees.
  • Placing bets is simple, fast and cheap.
  • If the client wishes to transfer funds to or from his account, this can be done with less time spent on administrative procedures and checks
  • Transactions can be processed efficiently and with minimal fees using the swap icon.
  • Crypto Stake as an operator benefits from global fund transfer capabilities.
  • Players can receive quick payouts at any time by exchanging tokens in their Crypto Stake account for the cryptocurrency of their choice and requesting payment of funds.

Token Sale Details

  • Crypto Stake tokens will be offered in two different stages, Pre Sale and Public ICO.
  • Pre Sale Offer will be 2,000,000 tokens with a flat fee of $0.15 with 3% airdrop
  • Public ICO in 10 rounds at a fixed price from 0.20 to 0.65 with an increase of 0.05 in each round
  • During the Pre Sale and Public ICO, each investor will receive an Airdrop of 3% of the total amount they invested

How to Buy CST Tokens?

ICO coming on 31-Jul-2021, you can buy tokens here https://ico.crypto-stake.org/buy

Conclusion

World gambling statistics show that around 26% of the population gamble. That means around 1.6 billion people worldwide gamble and 4.2 billion gambles at least once every year. The global online gambling market is anticipated to be valued at more than 92.9 billion U.S. dollars in 2023. The current size of the market is almost 59 billion U.S. dollars, meaning the size is forecast to double in the upcoming years.

Online gambling consists of playing casino games, poker, and sports betting via the internet. Due to factors such as the advancement of technology available higher trust of gamblers paying online, and the increasing digitization of the world due to blockchain, Crypto Stake able to grow their sports betting platform, thereby further supporting the market’s growth.

Detailed Information:


AUTHOR

Bitcointalk Username: oneal.ngeplox

BEP-20 Wallet Address : 0x647Cd0A9B5108980BF3bf3672b739376FFA167a9
at August 12, 2021

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