On 30th Nov, probably the most popular on-chain gambling dApp, EOSBet declared that it had received an online Gambling License from Curacao eGaming which is probably the most established and respectable online betting controller.
EOSBet, that is the Decentralized crypto-casino, constructed around the EOS blockchain, became the first open-source casino to acquire an online Gambling License.
Curacao eGaming is really a gambling regulator based within the Caribbean Sea and is among the four Master Gambling License Holders in Curacao, issued by the states Ministry of Justice. It has exclusive powers to sub-license other gambling platforms.
The reason behind the formation of EOSBet is that centralized betting games possess a few sorts of problems like the lack of trust, high commisions, and non-transparency and so on. To solve these issues, EOSBet has been developed on EOS Blockchain Platform that enables instant transaction with out any charge.
EOSBet enables gamers to bet their EOS tokens on either a dice throwing game or perhaps a baccarat game which exclusively developed. Also, it allows the native BET utility token holders to get immediate rewards in EOS, from the total profits made around the platform. These rewards are estimated and divided based on the amount of BET token holders have. By doing so, EOSBet is setting up itself as the first ‘community-driven online Casino.’
As per the report, by the end of the October month, EOSBet had paid a dividend of 1 million USD to native BET utility token holders.
Exclusively developed games and attributes like immediate transaction, immediate rewards made this crypto-casino one of Top-rated dApp around the EOS network that is currently encountering wagering volumes of over USD 5 million.
Furthermore, on 24th Nov, EOSBet Casino declared that its upcoming game is in its final testing phase and will announce about it soon. Also, the frontend of exclusively designed Baccarat game is updated.