Pbet (Pbet) Review

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

  • High cost to penetrate online space.
  • PBET provides turn-key, zero fix fees, revenue sharing model.
  • Lack of availability of specialized resources in some areas.
  • PBET shares highly skilled specialized resources among partners’ casinos.
  • No integration of land-based insights/operations nor players’ club.
  • PBET provides cross-channels promos and unifies players’ club among them.
  • Hardly expandable Rewards club.
  • PBET offers an easily expandable Reward Club to local partners through the Pbet token as a compensation basis.
  • High fees for online payments.
  • Zero or near-zero transactional fees through fund-transfers and crypto payments respectively.
  • Waiting time prior to receiving withdrawals.
  • Instant withdrawals at physical casinos’ cashiers or through crypto payments.
  • Trust issues of locally unknown l-gaming sites.
  • PBET allows the sharing of physical casinos’ brands trusted by players.
  • Virtual separation between the land-based and online gaming.
  • Immersive solution enforced by linked-events, promos, shared reward club and more.
Pre-Ico Start dateApril 22, 2019
Pre-Ico End dateJune 14, 2019
  • Frederick Vachon. President and Founder
  • Bassel Moukaddem. Chief Executive Officer
  • Marcel Huard. Chief Innovation Officer
  • Patrick Aubé. Chief Marketing Officer and CTO Blockchain
  • Manuel Presa. Chief Technology Officer
  • Marina Anisina. Chief Financial Officer
  • Raul Duque. Head of International Finance
  • Rita Jimenez. Accountant
  • Pablo Silva. Operational Director
  • Pablo Rodriguez. Interactive Architect
  • Gonzalo Mas. Senior developer - Front-end
  • Aly Santos. Sales- Caribbean
  • Raul Solis. Sales - Peru area
  • Miguel Cortez. Team Leader- Customer service
  • 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.
StartJune 18, 2019
EndDecember 15, 2019
178 days left
Soft cap$2 000 000
Hard cap$17 500 000
Minimum investment30 USD
Tokens for sale108000000
AcceptingBTC, ETH, LTC

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.

Francis   June 14, 2019  

Pbet appears to have developed an interesting system that should help integrate the industry of gambling into the world of cryptocurrencies and the benefits that it can offer. Looks like gambling will be the next big sphere, after finance, where blockchain will get enormous traction, so it is always good to keep a keen eye on the projects like Pbet. The fact that they already have a working system used by many casinos is a definite plus.

James   June 10, 2019  

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