Over the past year, the platform has attained over half a billion dollars in betting volume, distributed over $4 million in dividends to BET token holders, and became the only EOS platform to receive a gaming license. The company has built a vibrant global player base, with over 17,000 unique accounts holding BET tokens.
The company stated that the rebrand was part of their continued efforts to expand outside of the EOS—and even cryptocurrency—communities in order to attain new players. The platform already offers instant, provably fair betting in BTC, ETH, BCH, LTC, and EOS. In late 2018, the company released their decentralised account system, allowing players to easily sign up in two clicks without having to worry about creating an EOS account or resource management.
The name change was positively received by the community. BET token prices reached an all time high on NewDex following the news. The platform has also seen an influx of new bettors this week, with non-EOS volume (and dividends) surpassing EOS.
This marks a major milestone for the first casino on EOS, as they continue their climb toward mainstream adoption. EarnBet will be releasing Blackjack, a fan favorite, in November, and will also be releasing a new leaderboard component and referral tracking page. The team has stated that they plan to announce new functionality and revenue streams for the BET token in Q4 2019.
As cryptocurrencies continue to grow in adoption and the demand for better, more equitable gaming experiences increases, EarnBet and its BET token are well-positioned for significant growth. The platform is currently running a promotion where new users can receive 50 BET tokens for free.
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