Interview with RAIG Chairman Clive Hawkswood
January 15, 2020
Clive Hawkswood is the chairman of Responsible Affiliates in Gambling (RAiG), an independent body that aims to promote safer, responsible gambling.
EOSBet Casino, launched in August 2018, is one of the first gambling dApps to natively accept BTC and pay dividends for life. Different from most online casinos in terms of architecture and technology used, it runs on the EOS.IO blockchain and features provably fair proprietary games. EOSBet holds a Curacao gambling license and is owned and operated by Aurora Tech N.V.
This decentralized casino is available in three languages: English, Chinese, and Korean. While players from most countries can access this casino, players are still advised to first check their country’s gambling laws.
This gambling dApp has quickly made a name for itself and is often ranked as the best performing dApp in terms of volume and users. It has a strong community and following, and it continues to improve. This is evident with the new additions and developments it has released since its launch. EOSBet Casino promises to unveil more features soon, more games, and supported crypto assets.
More importantly, this casino lets you sign up without providing personal information and/or your wallet address. You can simply input your chosen username and enjoy the non-custodial ecosystem right away! Just take note of the recovery phrase for future use.
Dissimilar to other online casinos which offer standard welcome bonuses, cashbacks, and VIP-exclusive rewards, EOSBet defined their promo scheme and other rewards by performance and consistency.
This is a jackpot promo introduced in April 2019 and is integrated into all games. You need to wager at least 1.0 EOS or 0.001 BTC on any game and check the new “jackpot” box before finalizing your bet. Joining this jackpot promo will cost 0.05 EOS or 0.00005 BTC. If you roll 7,777,777 on the jackpot bar you’ll find below the site header, you will win 90% of the jackpot pool (10% will be divided among BET holders). The current jackpot pool is $13,757.30, but do take note that the actual token balances may change because of market fluctuations.
EOSBet Casino also lets you earn dividends by simply playing its games. For every 20 EOS you wager, you’ll earn 1 BET token. These tokens grant you dividends for life. The casino then distributes profits in EOS to everyone who holds BET. The amount you get will depend on how many tokens you hold. Keep playing longer for a chance to earn more BET, thereby giving you higher profits in return.
There are currently three games available on EOSBet — Dice, Crash, and Baccarat — but a new game called HiLo is already slated to be released soon. You’ll also most likely see two new games in the spring of 2019.
Although you’ll find similar games in other online casinos, the minimalist and colorful design plus other functions (like the Crytpo Millionaire Maker Jackpot) on this casino are not something you should miss.
Of the three games, Baccarat is the most interesting in terms of design. Function-wise, however, all three are perfect. They have an easy-to-use interface so even players new to Dice and Crash will get started right away. All games also come with useful functions like the Manual/Auto Bet. The Auto Bet feature provides you with several parameters to fit your preference.
On top of offering most competitive and disruptive games, EOSBet assures its players that all the games are provably fair. This is because the random number generators of these games are under smart contracts on the EOS blockchain.
Your bets receive a unique ID in a smart contract, which will be signed by the server with a predetermined private key. The signature then goes back to the smart contract, undergoing verification that it used the correct secret signing key. The smart contract will then generate a random number from the signature, which is used to resolve your bet.
What’s even better is that all EOSBet games work perfectly on mobile. You don’t need a mobile app to play the games because the website uses the HTML5 language.
EOSBet uses EOS as its main currency but has recently added BTC and LTC to its system. The EOSBet team also promises to add ETH as another currency option for betting.
You can now directly send EOS, BTC, and LTC to your EOSBet account by scanning the QR codes or copying the wallet info. There is no minimum deposit amount, but new players should take note of the 0.1 EOS Account Creation Fee. All new accounts cost 0.1 EOS, so expect this amount to be deducted from the initial EOS deposit. As for BTC deposits, expect about 10 minutes of network confirmation time before the amount reflects on your account balance. For LTC deposits, confirmation may take about three minutes.
You can withdraw your EOS and BTC coins easily, but both come with fees. For an EOS withdrawal, 0.001 EOS will be charged for every cash out you make as a means to regulate abuse. A BTC withdrawal, meanwhile, requires an estimated fee of 0.00024384 BTC for a transaction. The estimated withdrawal fee in LTC is 0.00002 LTC. The fee will depend on the current network conditions, so expect varying amounts.
The very fact that EOSBet rolls out new games and great features shows that it’s here to stay and is ready to do more wonders in blockchain gaming. EOSBet has provably fair games, is mobile-friendly, and is ready to support more cryptocurrencies in the future. Although, having more games is a must for this casino to be a huge hit not just among crypto players. That’s why seeing a new soon-to-be-released game and more slots for new games is a relief. Having the Crypto Millionaire Maker Jackpot is also a good sign as you can expect more promos to be introduced moving forward.
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