Pbet – ICO Detailed Information
| ICO | Pbet |
|---|---|
|
Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank. |
| Start | June 18, 2019 |
| End | May 14, 2021 |
| Rating | 4.8 |
| Status | Active |
| KYC | Yes |
| Founded | 2019 |
| Categories | Gambling |
| Platform | Ethereum |
| Token | PBET |
| Soft cap | $2 000 000 |
| Hard cap | $17 500 000 |
| Minimum investment | 30 USD |
| Tokens for sale | 108000000 |
| Accepting | BTC, ETH, LTC |
| Whitepaper | Yes |
| Discussion | |
| Countries | Cyprus |
| Social |
Pbet Overview
ICO description, Technical Details and Documents
Pbet Unifies Online and Offline Casinos
Pbet offers a fully-fledged blockchain solution for the gambling industry that serves the purpose of connecting brick-and-mortar establishments with the project’s proprietary online products. The most appealing characteristic of Pbet is that this company enters the crypto realm with a host of ready-made products and operational business network that stretches through 4 countries and a multitude of land-based casinos.
This turn-key solution is based entirely on the Ethereum blockchain and its smart contracts, utilizing the ERC-20 compliant token - PBET - as a primary mean of payment used by all network members. As of now, the company is running a pre-sale of PBET that provides for a substantial discount.
The 3-tiered solution
The Pbet team designed a comprehensive ecosystem that consists of three components: Genuina Core, Genuina Management, and Genuina Interactive, all of which are seamlessly implementable in the software used at the physical casinos. As previously mentioned, the Genuina Management System is up and running in multiple casinos across several countries, using the SAS 6.02 protocol to connect the gambling machines with blockchain.
Genuina Core is nicknamed the Omnichannel Brain since it carries out the majority of functions: interacts with casinos, handles transactions, manages the Loyalty program and player accounts, and grants access to analytical tools.
Genuina Interactive represents a ready-to-use gambling platform that can serve as a foundation for the fledgling casinos since it grants instant access to all types of betting and management options.
The scope of application of PBET tokens
The project’s utility token is the linchpin of the constituent components of the Unified Gaming Platform. These components are the Pbet ecosystem, the gamblers, and the land-based casinos. It also serves as a payment instrument used by the project’s affiliates, software & game development studios, and the members of the Pbet Reward Club.
Naturally, the exploitation of Pbet tokens must resolve such issues as the promptness of deposits/withdrawals and the unjustifiably high processing fees imposed by current intermediaries. Moreover, the use of this digital token provides for the ease of access to the casino products for the players who couldn’t have gotten it otherwise due to various reasons.
The team
Frederick Vachon. The founder of Pbet and the CEO at project’s parent company PLC Player Loyalty Ltd., registered in the Cyprus jurisdiction. He is also associated with several other companies, namely Sabia Corporation and DEK International - both operating in the area of gambling throughout the countries of Latin America and the Carribeans.
Bassel Moukaddem. The CEO at Pbet who uses his vast experience in the fields of software development, finance, and IT innovations to generate ideas that drive this project further. Prior to Pbet, Moukaddem held the post of COO at Bluberi Gaming & Technologies which has been recently acquired by the American Gaming Systems.
Manuel Presa. The Chief Technology Officer who is a mastermind behind the creation of Pbet’s core product, the Genuina Management System. Presa had been honing his software development skills at Sabia and Bluberi, where he has apparently established partnership relations with other team members.
ICO details
Pbet invites all interested parties to participate in the ongoing pre-sale which offers the perk in the form of a 45% discount. This offers stands until the end of pre-ICO on June 14. After that, Pbet will launch a full-scale ICO that will aim for the hardcap of $17.5 million. Out of 154 million issued tokens, 108 million were allocated for sale. The ICO price of 1 Pbet token will be $0.2 with the minimum investment threshold set at $30. The project accepts Bitcoin, Ethereum, and Litecoin. Residents of the United States, China, and Singapore are deprived of a chance to participate in this token sale.
Author: Alex Paulson for Crypto-Rating.com
Pbet Milestones
- Q1-Q2 2018. Start of the PBET concept; Research and proof of concept ; Design of proprietary algorithms allowing omni-channel loyalty and payment.
- Q3 2018. Market analysis through focus group regarding usability and utility of branded tokens inclusion in gaming platform; Due diligence for interactive technologies.
- Q4 2018. Increased footprint of Genuina Management system in LATAM; Acceptance testing on Genuina interactive; Preparation of the ICO.
- Q1 2019. Updated market Analysis & Commercial strategies assessment; Finishing ICO preparations and establishment of launching strategies.
- Q2 2019. Launching of the Pre-ICO/ICO;Start developing unified payment; engagement with digital communities; launch of online gaming site.
- Q3 2019. Crypto support in Genuina Management system and announcement of exchanges where PBET will be listed; Commercialisation of latest developped features.
- Q4 2019. End of ICO; Cross channel bonus implementation; Commercial B2B2C pilots involving physical venues; PBET listing on exchanges.
* Crypto Rating accepts no liability for any errors in the Pbet ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
