Creators will be able to purchase increased exposure in the form of ad-space and/or higher placement. That is if they choose to host games via our platform.

We're offering a 20% bonus for early investors starting December 11th.

Hi,

Yes, French citizens will be able to participate.

At VIABET, we have a long-term strategy to raise the value of XVIA tokens. In order to ensure for each and every one of you that the XVIA you purchased quickly but steadily gains value and maintains that value. We have decided to reduce the overall XVIA token supply from 70 million (70,000,000) to 7 million (7,000,000), meaning a 90% decrease.

Historically when a company burns (destroys) or locks a number of tokens it causes the price to increase. This is due to the law of supply and demand. Since there are fewer tokens available for trade the tokens that are available for trade become more valuable. XVIA tokens are needed to use the VIABET platform. XVIA is a cryptocurrency based on the Ethereum technology that allows creating a fair, autonomous cloud-based betting environment for all users.

We will be having two (if necessary) token burn events, each at major milestones which will allow to raise the value of XVIA at key points:

BURN 1: The first burn will happen on December 10th (6:00 PM UTC) (70 million to 7 million), this will give a buildup as we move into our Public ICO stage.

BURN 2 (if necessary): The second burn will happen in the event that not all 4.4 million tokens are sold and distributed during the Public ICO. It will take place after listing on our first official trading exchange, EtherDelta (Planned for as early as December 12th if all 4.4 million tokens are distributed during that time, otherwise the listing date is scheduled for January 7th, 2018)

With each burn, we aim to achieve a high level of stability and steady overall price increase.

We recommend taking a look at our roadmap. The casino (dice games, blackjack, roulette) and sports betting portion of the site will be launched early 2018. The actual cloud betting platform alpha release is going to be launched in Q2. We're hoping to release a pre-alpha demo before that date but the roadmap is a pretty accurate representation of the development timeline.

We have outlined that licensing is one of our main goals moving forward as per my previous post and as noted in the whitepaper. You can also find future exchange listing applications as well.

We're looking to establish a legal entity in the Curacao jurisdiction. So far everything has been smooth sailing. We're setting it in up such a way, that VIABET will act as an intermediary between players seeking to play and creators seeking to host games via our platform.

By doing so, we are confident that we will be able to offer users the ability to host and launch their own casino games globally and restriction free.

The foundation of fair gaming algorithms are based on random number
generators, utilizing seeds which determine the outcome of wagers. A seed shall
be equally influenced by players and hosts, meaning that the result of each bet
at a provably fair casino is a team effort. The house is no longer in complete
control of randomization.

Hosts shall provide transparency and proof of authenticity by
revealing their actual seeds at the end of each game. Anyone in possession of a
host’s commitment may verify the immutability of the corresponding seed.

Bets shall be reproducible once the host seed gets revealed. Players can constantly
audit the behavior of hosts by comparing random results calculated by a host
and them.

Numerous generic fair algorithms will be used for games which are influenced
by randomization, including, but not limited to, rolling a dice and shuffling a
deck of cards. 

If you'd like to go more in depth feel free to go through our whitepaper (section "provable fairness") -
https://viabet.io/viabetio_whitepaper_v1.pdf

Yes, we're planning to add native mobile apps to coincide with the release of the cloud betting platform beta.

Thank you! Agreed with all of the above. Ultimately, our aim is to create a transparent and incentivized platform which proves itself to the world by remapping the online gambling industry as a whole.

We give our users the ability to choose. Some users want to gamble, whilst some might prefer to earn income from raking in the house odds %, passive income whatever you want to call it. Launch their own casino business perhaps? It's kind of like crypto mining in a way. There are people who just want to buy coins and trade them and then there are miners who like to "mine" their coins at a more stable, consistent pace.

We act as both as a casino and a platform where users will be able to launch their own games with our ultimate goal being catering to gamblers and non-gamblers alike. So whether a player wants to play our provably fair casino games or create their own, VIABET acts as a one-stop shop of sorts that has something to make everyone happy.

Hi,

You will only have to pay VIABET a commission for operating, maintaining and administering the plays within the system. It has nothing to do with players win or loss amounts.

Hi there,

We will support multiple cryptocurrencies - Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin as well as our own XVIA.
Keep in mind that you cannot host games on the VIABET platform as the house without first owning XVIA & Edge.

For example, if you open a poker table:

For cash games, you can either:

1. Take a 5-20% rake from each pot up to a certain cap, i.e $5-10
2. Collect a fixed charge every half hour which could be $5-15, depending on stakes.

For tournaments:

1. You can set a tournament fee, for example, a 80/20% split, where 20% goes to you as the house.
2. Receive a certain % of the buy-in amount.

Following that, you will only have to pay VIABET a commission for operating, maintaining and administering the plays within the system.

Not at all, as a lender you can only earn interest.

In order to create a fair, autonomous cloud-based betting experience for all users, a player cannot remain the house forever. For this reason, our platform uses a double token system (two utility tokens). VIA (XVIA) which is an ERC20 protocol token and an additional token called Edge.

1.) In order to qualify to become the the house a player will have to purchase and stake the required amount of  XVIA & Edge.
2.) Depending on the game different amounts of  XVIA & Edge will be required.
3.) You cannot host games on the VIABET platform as the house without first owning XVIA & Edge.

Users will be encouraged to transact with XVIA as this will offer many benefits within the VIABET platform such as bonuses, and higher payouts.

Now, Edge is an in-house utility token (or credit token) that can also be used as a unit of exchange between players within the VIABET platform:

1.) Each time a player plays a round of any of the VIABET casino games he earns Edge Tokens.
2.) After earning a specific amount of tokens he will qualify to become the casino and will be able to offer and open games himself/herself which will allow other players to play against him/her.
3.) During the time the player is operating as the casino, Edge Tokens will be deducted from his account. The accumulation and deduction of Edge Tokens will not be influenced by the players’ winnings or losses while a player is operating as a player or as the casino.

Once the player fails to maintain the minimum qualifying amount of Edge tokens required he becomes a regular player again, and has to go back playing against the casino house (VIABET) or against other players who have qualified to become the house thus creating an autonomous ecosystem for both players as well as the casino house.

Hi,

Essentially yes, there is a list of games, modes, templates etc. You can customize it yourself or choose from a list of pre-made templates. Probability settings are adjustable for most games. You can even create 0% edge games if you so wish.

We do have a bounty thread but it's currently closed to new members.