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 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 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.
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.
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.
| Pre-Ico Start date | April 22, 2019 |
|---|---|
| Pre-Ico End date | June 14, 2019 |
| Industry | Gambling |
| Platform | Ethereum |
| Founded | 2019 |
| Website | https://pbet.io/ |
| Whitepaper | Yes |
| Countries | Cyprus |
| Start | June 18, 2019 |
|---|---|
| End | December 15, 2019 |
| 112 days left | |
| Token | PBET |
| Soft cap | $2 000 000 |
| Hard cap | $17 500 000 |
| Minimum investment | 30 USD |
| Tokens for sale | 108000000 |
| Accepting | BTC, ETH, LTC |
Regardless of what many people think about casinos, they constitute a legitimate business that has to evolve by incorporating more innovative solution, particularly the blockchain technology. The idea of building the so-called blockchain bridge between brick-and-mortar and online casinos, offered by Pbet, is splendid because it will work for the benefit of both the establishments and the players. I am an avid poker player, and I know as well as anyone else, what tedious a process it is to withdraw the winning via the traditional channels like banks or popular online payment system. Pbet will make it so much easier for us to capitalize on our playings skills which is why I am in full support of this project.
I manage an up-and-coming casino in Vegas where we keep an open mind towards different innovations, including blockchain. We have been trying various monitoring systems and what not, but all of them had some flaws. For some time, our management has been playing around with the idea of implementing some blockchain solution but we couldn’t find the one that would provide us with a turn-key solution. That was before I stumbled on Pbet and their Unified Gaming Platform. To cut the story short, we have tested their platform and decided to give it a go, which means that we are now officially an online/offline casino.
I am not really sure how guys from Pbet are going to raise enough funds, because while their product has a definite value for the casinos, it offers zero benefits for the players. Although the $2 million softcap is not that unattainable, so they might pull it off. In any case, I consider Pbet to be a really niche specific project, investing in which is unlikely to bring any significant benefits, because the “gambling on blockchain” industry is moving right now in a slightly different direction. It is player-oriented, concentrated on developing provably fair casino products. Don’t get me wrong, Pbet is okay tech-wise, but it was designed solely for the casinos.
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