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CashBet offers the only complete, crypto-ready, mobile-first iGaming platform with an established profitable presence in the regulated gaming market. Mobile games and cryptocurrencies are one of the fastest growing, demand-driven markets in the world today. CashBet incorporates these technologies into iGaming solutions and issues CashBet Coins to solve the problems facing crypto casino operators and players today: speed, trust, cost and content. CashBet Coins will provide world-class entertainment to those underserved by central banking institutions. Our tokens will be the currency of choice at CashBet Casino, which operators can use to pay license fees and content fees, and for players to wager on great games.
IGaming platform provider CashBet has partnered with Arsenal Football Club in an agreement to promote the company's new crypto token.
The sponsorship deal between a British Premier League team and an iGaming platform provider is believed to be the first collaboration between two major sports teams and a cryptocurrency provider.
The partnership led to the creation of the company's new token, CashBet, which will be advertised at home matches at the Emirates Stadium in London, while CashBet can leverage the Arsenal branding in its ICO promotions.
Dr. Mike Reaves, CEO and founder of CashBet, said in a press conference yesterday:
"With our ICO, CashBet is proof that we are aggressively targeting A global multi-billion dollar market that will consist of iGaming platform providers, operators and players. We are delighted to be partnering with Arsenal, one of the true giants of world football, allowing us to build our own brand , and reach that audience in such a meaningful way."
CashBet tokens are planned to be used on the company's gaming platform, and the company hopes to raise between $40 million and $70 million in the deal. And said that the ICO pre-sale activity started yesterday and will end on February 20th, expecting to reach this much funding before this date. Separately, the public sale will run from March 20 to April 27.
Reaves explained in a separate press release that the introduction of this project will allow operators to solve the main problems facing cryptocurrencies: "speed, trust and cost.".
He went on to say that the integration of blockchain into the CashBet platform will open up new markets by democratizing access to a new user base that is currently still unbanked. Additionally, increased token sales are expected to make the platform more cost-effective for scalability.
Players buying CBC drove demand.
Redemption reduces the net circulating supply of CBC.
Each token increases in value.
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