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.