August 15, 2017, United Kingdom — Betmaster, the online sports betting platform, has announced the launch of its ICO campaign for the 6th of September 2017. The ICO is a means of raising funds that will allow the company to expand into 12 new markets, to allow online betting for all sport types, and to integrate blockchain technology into the company’s platform.
Betmaster’s ICO campaign starts on the 6th of September 2017, and will last for one month till October 5th, 2017. Betmaster is planning to issue up to 200 mln BETM tokens. During the ICO, the price of each BETM token will be fixed at $1. Bonuses of up to 30% are being offered to early investors. Potential token owners are offered 3 investment strategies to choose from, namely, bet at Betmaster, get up to 30% of the company’s net profit, or sell the tokens at a higher price.
“We believe that the ICO is currently the best and most transparent way to raise funds within a short space of time,” said the Product owner Beslan Birzhev. “It took us less than a year to reach profitability and a monthly turnover of $1 million. Each 10th visitor on our website becomes a bettor. We have a clear vision of how to scale our business and are ready to share the upcoming profits with our ICO investors, the funds of which will be used to force development of our platform.“
According to the company’s whitepaper, Betmaster is planning to target a broad audience by keeping the minimum bet amount, maintaining a mobile version of the service, and even allowing betting via major cryptocurrencies. The platform will be expanding to new markets and will cover all types of sports for online betting, including fantasy sports.
BETM tokens can be purchased online on the official platform during the ICO timeframe, namely from the September 6th, 2017 till October 5th, 2017.