ZeroEdge.Bet Interview Featured image with logo

ZeroEdge.Bet ICO Interview

Featured Interview

Founded in 2017

1 Founder

Updated Mar/18 are designing an online crypto casino with a twist. There will be a 0% house edge which is simply unheard of! The new betting platform will incorporate more sociable aspects to make an online casino environment more enjoyable.

Key ICO details:

  • The Pre-ICO sale ends 15th March 2018.
  • ICO starts 15th April 2018- 1st August 2018.
  • Soft cap of 3,000 ETH
  • Hard cap of 30,000 ETH
  • 1 ETH = 24,000 Zerocoin

Discounts apply as follows:

  • 1st & 2nd week – 15 %
  • 3rd & 4th week – 10%
  • 5th & 6th week – 5%
  • 7th & 8th week – 0%

When did you first get into Bitcoin and why?

After MtGox in 2013, was when I got into Bitcoin and started my research around it. This was also the time when most investors/people started to pay more attention to cryptocurrencies. I guess you could say I was caught by the wave. Although, I wasn’t that much interested in the Bitcoin itself, my main interest was understanding how and why it works. So naturally I first opened up Mr.Nakamoto’s whitepaper to start from the roots and work my way up. I was both overwhelmed and captivated by the concept and ideas outlined in that document. It allowed me to reflect on how inefficient and fragile our financial system was, especially looking at events during and after economic crisis in 2008.

Where did the inspiration for your ICO come from?

 The inspiration came from my own personal experience with online casinos. Playing at an online casino can’t be any more boring. The social isolation while playing those games is at a high-level and I dare to say, this is one of the main problems that leads to problem gambling. And to think that you must “pay” to have such an experience was something I couldn’t get my head around. I thought there is definitely something wrong here and it can’t last with all the technological and social progress we make as a society.

Therefore, our mission at ZeroEdge is to make online gambling fun and most importantly “free of charge”. We want to create a platform where people can interact with each other and socialize to eliminate some of the problems present in the traditional form of online gambling.

How will your business make money in the future?

We will be generating income from our games, since not all players will be able to perfect game strategy, but the main source of revenue will come from parties wanting to build and operate their own games. For example, social influencers who wish to create some form of competition and reward their audience. We expect that games will become a big part of customer acquisition and retention strategies to keep businesses competitive and innovative.

What is the idea behind your ICO?

The main idea behind is to make gambling “fair & free of charge”. By eliminating the house edge from our games, we are essentially giving players an equal chances of winning. We think gambling shouldn’t be a “pay-to-play” service as it is now, where the casinos have a locked-in profit mechanism in place without their players ever realizing this fact. With the help of smart contracts, we are creating a new approach to gambling where players can actually win, have more opportunities and are not pressured to play.

How many founders, employees & part time workers?

Me and my partner were the initial founders, but he went on to work on another venture. So I was pretty much left with just an idea. We currently have a team of 10-15 employees including people working on full-time & part-time basis.

Can you walk us through the critical components of your business and how it will work?

The most important component will be the ease of purchasing Zerocoin which is required to play 0% house edge games at Zerocoin will be purchasable on-site and on secondary markets such as exchanges. The key for us will be to ensure sufficient supply of tokens in circulation, i.e. liquidity. The token supply will be controlled by releasing a small batch of tokens from our reserves to meet growing demand for the token and fixing token’s price.

Another component is making our games look good to the eye. Obviously, we want to make our games as engaging as possible so that players are not bored after a few spins/hands. For this task, we use big data to identify patterns of visual preferences and player’s game choice based on certain characteristics. We have a dedicated team of UX/UI designers who have previously built and designed enticing games.

What is the greatest challenge you have faced so far?

The greatest challenge so far was and still is convincing people that gambling doesn’t need to be negative. With ZeroEdge.Bet we want to use gambling as a means for people to socialize and build social circles which could possibly lead to an increased social inclusion and decreased problem gambling.

Where do you see your business in 5 years time?

We expect our business to evolve into a social platform rather than just a casino. Our games will only be a medium for people to connect. Main activities on the platform might include sharing interesting content related to personal lives and stories, educational and cultural material, etc. In 5 years, the technology, particularly AI & VR might advance considerably and we might be seeing new forms of social interaction over the web. This is definitely something we will be looking to explore ourselves and implement on our platform to enhance user experience and continue pioneering the industry.

 What are the biggest factors that will bring success?

I would say the biggest factor will be acquiring a substantial user base. The gambling industry is a highly-competitive business which requires a unique approach to stand-out from the crowd. The crypto-gambling is still relatively small market compared to fiat gambling, therefore I would say that the biggest factor that will influence our success will be our capability to capture fiat gamblers who might not be familiar with cryptocurrencies at all.

What’s your advice to other ICOs or Bitcoin businesses who are just starting out?

My best advice for people looking to start their business, is to think BIG. You have to have a grand plan and not settle for a small thing. Do your research, follow knowledgeable people from the industry and learn. Think of something revolutionary, that can possibly bring a lot of value not only to the business, but to society as well.

Aside from your website where else are you present on Social Media and how can people get in contact with you?

Absolutely, we are present on Twitter where we announce major news regarding our project. Bitcointalk forum is another medium where we a very active with discussions and answering questions. However, I would definitely recommend joining our Telegram where our main community resides to talk anything related to the project, share ideas, ask questions and more.

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