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Have you ever wonder what sports and the Blockchain/Cryptocurrency could have a connection? The answer just became a reality as Arsenal Football club of England became the first professional soccer outlet to sign a cryptocurrency deal and implement it; MY FAVORITE CLUB JUST DID THE UNTHINKABLE!!!
Report reaching mainstream is that Arsenal FC had sign a deal to promote cryptocurrency, specifically for a gaming firm called CashBet and the token called "CashBet Coin" was launched on the 24th of Jan 2018. The Initial Coin Offerring is aimed at raising $40 Million by getting stakeholders, investors and Crypto-traders to purchase the new token.
This partnership with the "Gunners" is targeted at CashBet Token promotions after the Jan 24 ICO. One of Arsenal media executive executive stated that;
it does not exist to encourage fans to bet with CashBet coin but for investors to troop in...
The California Based online gaming Business which started operations back in 2012 wants the Tokens to be popular as their are millions of Arsenal FC FANS all over the Globe. Even though Cryptos have lesser regulations because of its Decentralised structure. But the United Kingdom Gambling Control Commission and Alderney Gambling Control Commission would be the Regulating body just like a Normal betting pool.
ANY RISK INVOLVED?
One of the questions asked is how safe and secure this venture is? The octane high volatile cryptocurrencies makes it a cautious entity to dabble into.
Cashabet Coin had been stipulated at just profits gained for the appreciation in values of the coin, all coin holders and investors will have Zero stake in the Business and will recieve no Dividends!
How are you doing today Steemians? Below are the links to some of my latest posts. I appreciate all the supports i have gotten from you all!
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A FOOLS QUEST TO RULE STEEMLAND: LEARN FROM STEEMIANS ALL OVER THE WORLD, TO BE RELEVANT HERE IS NOT A TUG OF WAR!
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The gods, Mammon you pay no attention to in the present Time!
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FOLLOW-UPVOTE-RESTEEM AND MAYBE DROP A SUPPORTING OR CONTRARY COMMENT.....It's your friendly Neighbor @oluwoleolaide for Steem-Lagos-Nigeria-Africa-World!
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