Monthly Archives: February 2018

Zeroedge crypto casino will likely live down to its name

ZeroEdge hopes to become the online gambling industry’s default cryptocurrency, although its chances of achieving this goal are close to, er, zero.

ZeroEdge Bet plans to commence a pre-initial coin offering (ICO) of its Ethereum-based Zerocoin cryptocurrency token at the end of this month. The token will be used exclusively on the ZeroEdge platform, which plans to offer 0% house edge casino games and fee-less sports exchange betting.

Technically speaking, ZeroEdge’s house edge isn’t always zero, as its slots carry a house edge of 0.01% while other games require players to play “a perfect strategy” in order to achieve a zero house edge. Since this scenario is unlikely, the site acknowledges that human frailty “will induce the house edge inadvertently.”

At any rate, this lack of a traditional house edge means ZeroEdge’s business model is based on the theory that, as more bettors buy and use Zerocoin – the supply of which will be fixed at 777m – the token’s value will increase, which will not only enrich ZeroEdge’s backers, but also (theoretically) players.