It’s easy to do a lot with crypto. You can spend, borrow and buy. One of the most interesting crypto applications niches is betting. Betting is an industry worth billions of dollars. It’s no surprise that many people enjoy it.
What happens when you add a crypto twist to betting? Zikbo is a platform for crypto-betting and sports gambling. This company is known for their unique algorithm that allows you to place fixed wagers, play against other players, or bet on certain events.
Richard Brooks, CEO of Zikbo, talks to us about betting, crypto, and where the company is going after it makes the jump into the gambling sector.
1. Was Zikbo born?
“There are many different offers with events and odds in the betting world now. Both professionals and beginners find them difficult to comprehend. Zikbo’s team developed a platform where a limited number of events can be accumulated and an agreed upon coefficient is applied. Any participant in the bet will be able not only to earn, but also to quench their thirst for excitement.”
2. You would like to share your thoughts on what makes crypto-betting so popular.
“In existing bookmakers where fiat and cryptocurrencies are accepted, there are always limits on the amount of bets, and this sometimes interferes. Sometimes a player feels certain of their success, and is willing to bet all the way. The Zikbo platform offers such an opportunity.
Also, anonymity plays a significant role. The player wishes to be anonymous in all transactions, including withdrawals and deposits. Zikbo also provides the player with this option.”
3. Your platform’s algorithm is well-known. Can you speak a little bit more about this?
“Yes indeed, we use a unique algorithm to balance all bets. This is why we chose this method. Users can place bets on each other and we don’t work against them. What was the solution to this problem? We collect all bets on both sides, then accept or make partial refunds to some users, explaining this by the fact that we are balancing the betting basket.”
4. Is Zikbo any different than other crypto-bet sites?
“Existing bookmaker cryptocurrency offices are analogous to fiat offices. Crypto payments only differ from fiat offices. At the same time, there are restrictions on the amount of the bet, as well as the calculation and withdrawal of funds takes a long time.”
5. What is Zikbo’s strategy during market volatility periods?
“The volatility period does not affect Zikbo in any way, since when replenishing your own account in any crypt, it is converted into an internal currency, the exchange rate of which is unchanged, and when withdrawing funds, the player can choose the preferred withdrawal currency.”
6. What’s next for the Zikbo team?
“The Zikbo team is developing several new solutions that players will love and bring a lot of fun. Basketball and hockey will also be available. This is an offer with a coefficient of 7.2, but it’s not an express. All these tools are really new and revolutionary.”