BetU goes live with crypto sportsbook and online casino
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BetU has debuted its casino and sportsbook platform powered by the operator’s proprietary cryptocurrency, $BETU. Featuring casino games, sports betting and esports wagering, BetU differentiates itself from other crypto casinos as it promises to “offer the most rewarding iGaming incentives worldwide”.
As part of the benefits of using BetU, players who hold its $BETU tokens will be entitled to VIP benefits without needing to meet any wagering requirement. These VIP benefits can be obtained when a player buys and locks their tokens, which can be unlocked anytime. The more tokens a player holds, the high they rank on the VIP tier. Additionally, the operator plans to increase demand for the tokens in order to increase their worth, by using profits gained from the casino and sportsbook to buy back the tokens.
Token holders are eligible for exclusive rewards such as edgebacks and lossbacks of up to 15%. With edgebacks, the player receives up to 15% of the house edge back on every bet they place, win or lose. For lossbacks, players will receive a percentage of their net loss for the calendar month. BetU promises that these rewards are with “no strings attached”. Meanwhile, players can choose from a range of deposit and withdrawal methods, including Bitcoin, Ethereum, Binance Coin, Tether and $BETU itself. The KCS token is also part of the available options due to a partnership between BetU and KuCoin Community Chain exchange.
CEO of BetU, Paul Rogash, commented on the new development: “We’ve launched BetU because we see an opportunity to raise the bar for cryptocurrency sports betting and casinos. BetU.io is designed to both roll out the red carpet for players while also delivering genuine value to $BETU token holders. At the centre of it all is a world-class user experience we believe can compete with the very best. This launch is an important milestone for us, and we’re just getting started.”
The BetU platform has partnered with some of the biggest providers in the industry to power its esports trading (Oddin.gg), sportsbook trading (Betradar) and casino aggregation (Softswiss). The operator hopes to debut its P2P betting and affiliate programme features soon.
Other previously launched products from BetU includes EarnU, the free-to-play sports and esports prediction game, and BetU Verse, the operator’s resort and entertainment complex situated in the metaverse.