Monster Byte is an organization that owns a range of successful and established gambling websites that run on the cryptocurrency ecosystem. These businesses have been custom built with technology owned by Monster Byte. The company was set up about 5 years ago in 2013 with an objective to become a one-stop solution for the gamblers on the virtual cryptocurrency technology. The gambling is not restricted to betting on sports results but as well includes bets on games of chance like Roulette, Blackjack, Baccarat and many similar. Monster Byte has its own gaming platforms that are very popular with the gamers like the BitcoinRush, PeerBet, BIT777.
Monster Byte aims to maximize the cryptocurrency power and create a powerful, secure, and reliable gaming chip which is gaining acceptance among the online gambling network. MBI has fixed its issuance of coins of 40,000,000 tokens.
There are several issues plaguing the online gambling sites that are having a negative impact on both the gaming operators as well as the players. Monster Byte has targeted itself to address these issues and has created a decentralized, fast and transparent platform that is not only beneficial financially but adds to the fun and excitement.
In today’s environment, gamers are required to wait till their payments are credited to the site’s account since not every user has a credit card to transfer money instantly. There are cases of credit card scams where online fraudsters try to cheat by using someone else’s credit card, while some try to stop payment in case they lose their money in the initial stages.
Cryptocurrencies cannot be charged back. The transactions are confirmed at lightning speed giving no scope for any cheating. The dealings are all on peer to peer basis and eliminate the need for any intermediaries which reduces the wait time for confirmations drastically. Monster Byte keeps every transaction discreet and does not mention that any deposit or transfer has been made for a gambling transaction.
MBI is suitable for both new and seasoned investors. The coins are accepted in the Waves’s DEX platform and more exchanges are likely to be added. The company is offering the MBI token holders a share in the net profits on a quarterly basis which adds a decent sum to their kitty. The dividends are paid in bitcoins and the company maintains transparency by publishing its quarterly reports in detail. The team is dedicated towards its growth and the company shows trends to be a positive long-term investment.
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