The Monster Byte ICO General Sale opened up on July 6th and had such incredible demand the payment processor Monster Byte was using to accept altcoins could not sustain the heavy traffic and subsequently throttled Monster Byte’s API access within minutes of the ICO opening. Both teams were able to resolve this issue very early in the morning of July 7th.
This is a press release provided by Monster Byte Inc.
This turn of events did subdue the ICO’s momentum; however as of July 10th, the Monster Byte ICO is nearly 80% subscribed with over 350 investors who have purchased 7,379,190 tokens providing Monster Byte with over $733,583 in capital raised in just 4 days.
As there is a hard cap with the ICO, there are currently just 2 million available tokens for sale on MonsterByte.io. Each token is $0.11 and investors can purchase with Bitcoin, Litecoin, Dashcoin, Waves, and Ethereum.
What is Monster Byte
Monster Byte Inc. is a technology company which owns a suite of long-standing and profitable Cryptocurrency Gambling websites, all of which have been custom-built with proprietary technology owned by Monster Byte. Since its inception in 2013, Monster Byte has been on a mission to become the world’s premier destination for cryptocurrency gamblers to not only wager on sports, but also bet on games of chance like Blackjack, Roulette, and Baccarat. These websites include BitcoinRush.io, PeerBet.org and Bit777.com.
Funds raised during the ICO will go towards strengthening their consumer websites, as well as entering into the B2B wholesale sector, reselling their proprietary casino and sportsbook software to both traditional and cryptocurrency operators.
Some highlights of their near term roadmap found in their whitepaper are highlighted below:
BitcoinRush.io will launch a new Sportsbook with a sophisticated risk-management system in place which will enable them to earn anywhere from 2.5% to 4.0% on all wagers placed, regardless if the players win or loses. In addition to this new backend platform, they will introduce a new UI/UX built with mobile users in mind.
PeerBet.org, one of the oldest dice sites around, will be relaunched with a far more modern look and feel; built with a responsive design for mobile and tablet play.
More Coin Support
Just ahead of the US NFL season, Monster Byte will begin accepting other cryptocurrency coins on BitcoinRush.io, include Waves, Ethereum, Litecoin, Dash, and others.
The Casino and Sportsbook APIs will be available for consumption by third party operators that want the benefit of Monster Byte’s no-risk sportsbook, and provably fair casino platform.
How to purchase? Visit https://www.MonsterByte.io/ico
Questions? Join the slack and talk to the team: https://join.slack.com/monsterbyte/shared_invite/MjA2Nzg1MTIwNTMyLTE0OTg5MzI5MjEtYzAyNmE1ZTgzZA
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=1980482
Images via Pixabay, Monster Byte Inc.
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