Future of Blockchain in Gambling Space Explored in ASEAN Gaming Summit 2019
March 20, 2019
What is Blockchain? What are its benefits? Who uses it? Day 2 of ASEAN Gaming Summit 2019 puts blockchain's role in the gaming space in the spotlight.
GoBet.io offers a new way to earn from binary options trading, which is not much different from betting in online casinos. You’ll have to make an educated guess, albeit mixed with a bit of luck, whether the asset price will be higher or lower than the strike price after a set period. Sounds like when playing dice, poker, or most other card games.
But what makes this trading platform from Betex stand out are these three points:
GoBet.io is one of the two MVPs released by Betex to showcase the concept and functions of the trading platforms. And it’s not an online casino but a binary options trading platform.
While some binary options traders get to enjoy sign-up bonuses, none are available on this site. There are even no demo credits or faucets here. This is why you should already have some ETH in your wallet if you want to try betting on the future of selected crypto pairs.
|Minimum Deposit||0.02 ETH|
No license set.
GoBet.io has a straightforward betting platform. You can choose to bet on any of the available assets: BTC/USD, ETH/USD, ETH/BTC, LTC/USD, and LTC/BTC. But at the time of writing, only the BTC/USD and ETH/USD pairs are accessible.
Having five tradable assets, of which only two seem to be working, should be enough for a start. But it would be better to see more assets. You can bet on the future price of these assets based on the six time periods: 10min, 30min, 1h, 2h, 4h, 1d. While these time periods look enough for the platform, adding the 1min or 60sec time period will make the betting more exciting and fun.
Focusing on the user experience, the Betex platform is simple and user-friendly. Seeing actual bets, however, will make GoBet.io a legit betting or trading site.
Be sure to have some ETH and a wallet ready if you want to bet on GoBet.io. You also need to have MetaMask installed on your browser as this software is a requirement. In fact, logging in through MetaMask is the primary way to begin placing bets on this platform.
There’s no need to deposit funds to a player account. What you should do is to ensure that you have enough ETH as your bankroll. Simply input your desired bet amount to initiate a Call or a Put action. Just remember that the minimum bet amount is 0.02 ETH.
GoBet.io is not for everyone, especially if what interests and entertains you most are the casino games. You won’t find slots, poker games, or any card games on board. But if you’re willing to try betting on assets on a blockchain-based, peer-to-peer trading platform, then do it. However, you may want to take the lack of action on the platform as a sign to skip GoBet.io at least for now.