This is an acronym for Gambling Investment fund Coin, a project run by VitalBet.com, an existing betting website.
VitalBet believes that betting should be a fun and smooth experience, free of any hassles. A testament to these strongly upheld values is the regular updating of the website to provide a unique experience. As a result, members can access betting throughout, regardless of their location across the world.
As part of their mission, VitalBet continuously invest in cutting-edge technology solutions to allow the gambling community unlimited access to their favorite games. The site is a fully-fledged betting platform that covers all popular markets, including online betting, casino, sports betting and virtual games. The company has been in operation since 2015.
Advantages of VitalBet's GIFcoin
Unlike most of its competitors, VitalBet accepts payments in cryptocurrencies, mainly Bitcoin. This gives it the upper hand over many of its peers, as this mode of payment is currently available in a select few betting sites. Even better, the platform plans to integrate additional digital currencies after conducting its upcoming ICO. After Bitcoin, the next cryptos in line will be Litecoin, Ripple and Ethereum.
Secondly, the site’s user interface is incredibly simple. A common occurrence among betting sites is the presence of many, cumbersome and useless buttons on the UI. VitalBet adopts an innovative and minimalistic outlook that only displays what is useful to the end user.
Additionally, security is one of the top priorities for VitalBet. Since its inception, the platform has an impressive track record, having not recorded a single instance of security breaches. Furthermore, no member has complained about lost funds. This is ascribed to the continuous audits and security updates that VitalBet invests heavily in.
The Gambling and Sports Betting Market
Currently, the online gambling scene is characterized by the following;
- Large market size growing at a remarkably high rate
- Seasonality of sports – i.e. High influx during the football season and major tournaments, and low numbers during summer breaks.
- Exorbitant startup costs, primarily due to expensive licensing fees and costly advertisements
- Limited number of popular sports, despite the availability of several options.
- Illegal nature of betting in some counties (most prevalent in Asia). This results in losses worth billions of dollars.
VitalBet is facing stiff competition from its peers. Nonetheless, the site ranks at an impressive 71st worldwide, according to Alexa web rankings. To improve these ratings, the company will conduct an ICO which will propel them to the pinnacle of online betting by the year 2020.
GIFcoin GIF ICO Overview
- GIFcoin GIF ICO period – to be announced at a later date.
- Symbol – GIF
- Token Price – 1 ETH = 10,000 GIFcoin GIF
- Total number of tokens – 300 million
After the crowdsale, the legal team will launch a joint-stock company, to which all ICO participants will be members. Later on, the project will improve the website to increase simplicity and efficiency and develop a complementary mobile application. The strategic plan will culminate in the integration of major virtual currencies as acceptable means of payment in the VitalBet platform.