The GIFcoin (Gambling Investment Fund) raises funds to bring the online gaming platform – VitalBet to an innovative level and share the profits with the players. The earnings of the online gambling industry are reported at more than $500 million in the year 2017. The online gambling industry is promising with the wide availability of the Internet and more players are wagering online from across the world to make some cash in free time.
The online casino player VitalBet commands an active user base of more than 20,000. The online casino offers sports betting, casino games as well as esports for players to make some real cash while allowing them to enjoy an exciting play.
The online gaming platform is ranked 71 among the Alexa betting sites in terms of traffic. Its annual revenues are estimated at over $7 million.
According to the statement of the team in its white paper, the VitalBet is created to allow the players enjoy the pleasure of gambling online from any corner of the world and at any time. The IT solutions offered by the team allows the people play the games of their choice or bet on sports events online. The main aim of the team is to turn the gambling site into an easily accessible, safe and simple for everyone.
The funds mobilized by the GIFcoin will be used to add innovative features as well as tools to the VitalBet and increase the user base considerably. The company intends to reach its goal by unveiling a mobile app and procuring licenses on large gambling markets. The company will use part of the funds to pay for the winnings. The company also plans to reward the GIF token holders by paying 80% of the profits earned from VitalBet.
Information about GIFcoin ICO
After successfully completing the private sale, GIFcoin has unveiled a sale to the public on March 16, 2018. Out of the total planned 300 million GIF tokens, the company will distribute 266 million during the ICO. One ETH fetches you 10,000 GIFs. People, who purchase the tokens in the initial sale, will also be rewarded with bonuses of up to 60%.