Why CashBet tokens will grow?

Why CashBet tokens will grow? Where will the demand come from and how can i earn on them? iGaming firm CashBet has announced an exclusive partnership with Arsenal Football Club just ahead of its initial coin offering (ICO) launch.

The British Premier League team’s sponsorship deal with the iGaming platform provider is claimed to be the first collaboration between a major sports team and a cryptocurrency provider.

The agreement will see the company’s new token, CashBet Coin, being advertised at Arsenal’s Premier League home games at the Emirates Stadium in London, while CashBet can use the Arsenal brand across its ICO promotions.

cashbet coin

CashBet CEO and founder Dr. Mike Reaves said in a press release:

“With our ICO for CashBet Coin, we are actively targeting a global, multi-billion dollar marketplace of iGaming content providers, operators and players.We are delighted to do so in partnership with one of world football’s true giants in Arsenal, enabling us to build our brand and engage this audience in a meaningful way.”

CashBet Coin is intended for use across the company’s gaming platform and the company hopes the sale will raise between $40 million–$70 million. The ICO presale kicked off yesterday and will end on Feb. 20 unless the hard cap is reached before that date. The public sale will be held from March 20 to April 27.

Reaves explained in a different release that the introduction of the token will enable operators to solve major problems facing cryptocurrency-based casinos: “speed, trust, and cost.”

Integrating blockchain into the CashBet platform will open new markets by “democratizing access” for a new group of users currently underserved by the banks, he continued. Further, the addition of the token is expected to make the platform more scalable and cost-efficient.

Why CashBet tokens will grow?

Founded in 2012 by Gaming Industry Veterans. Headquartered in Oakland, California, CashBet is the only mobile-first platform for real-money, social, and skill based interactive gaming. Their patented enterprise software solution enables operators to run a legal and profitable iGaming business end-to-end. CashBet is licensed by the Alderney Gambling Control Commission and the UK Gambling Commission. A profitable company, CashBet looks forward to continue scaling operations worldwide. Through its incorporation of novel blockchain technology into its revolutionary iGaming platform, CashBet intends to become the undisputed leader in enterprise software for the crypto-casino market.

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