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CrazyBET (CBET) ICO (Complete)

CrazyBET’s mission is to allow friends to easily bet with each other on any event.

CrazyBET ICO Information

Project Type/Platform: Ethereum based tokens (ERC20)

Token Supply: 30,000,000 CBET tokens

ICO Start Date: July 23

ICO End Date: August 10

Website: https://www.crazybet.io/

Whitepaper (pdf)

We will give people a convenient opportunity to organize a bet. Using our website or app, people will be able to customize all the details of the dispute and conclude it.” – CrazyBET

CrazyBET ICO is live. Ends in...

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Interview with CrazyBET (CBET)

 

BitcoinChaser: What kind of problem, market deficiency or opportunity inspired you to launch your project, and how will your project address this?

CrazyBET: Problem 1

No place to make a bet on any topic or play in popular games with PvP (Player vs Player) mode for money… With honest payouts and transparent conditions.

If you want to bet on who drinks more beer or what weather will be in Amsterdam tomorrow, you will face the problem of searching a service with financial instruments and deal fairness control.

Problem 2

If you want to play in popular game in PvP mode with money reward, you will meet a problem searching the service like that. The players have no opportunity for placing bets in games now  (“who will win?” “who will get more scores? etc.”). What to do if you want to play with each other or the office against the office for 100$?

There is no automation system for such cases now. There is only one way – searching for “guarantor” on the game forums and make a deal with him. Usually it takes a lot of time. The guarantors like that don’t agree for small bets or expend time taking decision.

This problem is currently relevant and there is no complete solution to it even with the human factor.

***

BC: How do you think competition will develop in this segment of the market following your ICO?

CBET: We will give people a convenient opportunity to organize a bet. Using our website or app, people will be able to customize all the details of the dispute and conclude it. The platform provides security from scammers and waiver of bid through smart contracts, automation of decision making and competent work with Arbitrators.

The platform allows you to create three types of bets:

  • Bet with a third party confirmation.
  • Bet with automatic confirmation by API.
  • Bet on the competition in games with PvP mode.

Our platform will act as guarantor of such transactions and providing extensive options for their organization. The internal currency for betting is CBET.

It works on the basis of smart contracts, which allows them to achieve a high level of security and honesty of bets.

Examples of bets:

General (with Arbiter)

  • Who will drink more alcohol?
  • Who is the first to go on a date with Mary?
  • Who will reach faster to a certain point?
  • Who is the first to pick up a girl at a bar?
  • Who will be promoted this month?
  • Who has it bigger?)

Weather (by API)

You can make a bet with a friend or any person on a series of weather events:

  • What will be the maximum temperature in the city X on August 12, 2017?
  • The maximum temperature in city A will be more than in city B.
  • Will there be rain this weekend in Alaska?
  • What height or what speed will the waves reach in Soorts-Hossegor?

Cryptocurrency cost (by API)

  • Will the BTC  price achieve a certain rate?
  • What amount of turnover will be on a BTC/ETH pair on Poloniex?
  • What is the size of the largest transaction from 08 to 09 PM on the Bittrex exchange for a BTC/LTC pair?
  • How many times will Apple be mentioned in the NY Times articles for July 15, 2017?

***

BC: How do you think competition will develop in this segment of the market following your ICO?

Crazybet have chosen a narrow niche with little competition. But the market will grow. The reality of business is that in any market, new competitors will appear. 

BC: For all those who have read your white paper (pdf) and are still on the fence about investing in your ICO, what can you tell them that could lead them to invest in your project?

CBET: Why investing in CBET tokens?

Our economic model implies increase CBET price up to 5 times in a 2-3 months.
On the ICO CBET price is 0.09$ – 0.12$ (depends on the cryptocurrency exchange rate).
The fixed price of CBET for CrazyBET customers will be 0.5$ after project start (paying by card).
Bet inside of the platform are made only in CBET.
You can sell CBET at a lower price on the cryptocurrency exchange services.

Bitcoin Chaser

Here at BitcoinChaser we live and breathe Bitcoin.

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