Cryptocurrency-Based Online Casino Starts Up, Funded by FanDuel Co-Founders
Rob Jones and Nigel Eccles, the co-founders of FanDuel, have ventured into a new venture - a global cryptocurrency-only gambling site named BetHog. The platform aims to revolutionize online gambling, offering a fast, easy, and rewarding experience for risk-takers.
Exclusively Cryptocurrency
BetHog operates on a cryptocurrency-only basis, enhancing privacy, security, and fast transaction processing typical of crypto platforms. This exclusivity is designed to provide a seamless betting experience, reducing friction in deposits, wagering, and withdrawals.
Rewarding Players
BetHog seeks to incentivize risk-taking by offering promotions or unique loyalty programs, setting itself apart from traditional sportsbooks by focusing on crypto bettors’ appetite for innovation and rewards. The platform also runs initiatives like $HOG token airdrops, encouraging user engagement and loyalty within the crypto ecosystem.
Unique Gambling Experience
The in-house game development at BetHog is intended to offer a unique gambling experience compared to other online casinos. An example of an in-house production game is HODL!, a crash game with a meme coin trading theme. The strategy for game development aims to differentiate the site from competitors and attract a devoted player base.
Target Markets and Expansion
BetHog's initial target markets are Latin America and Asia, but the founders plan to potentially expand into the US market. However, it's important to note that BetHog is not currently operating in the United States, and its games are not available there.
Influencer Strategy
The strategy for customer acquisition at BetHog involves leveraging popular gambling live streamers and crypto-focused social media influencers. This approach is based on the founders' belief that focusing on cryptocurrency and leveraging influencers will help them stand out in the market.
Funding and Concerns
Rob Jones and Nigel Eccles have raised $6 million for BetHog. One of their concerns is relying on payment companies that could withdraw their services, a reference to a past meeting with PayPal. To mitigate this risk, BetHog focuses on cryptocurrency to avoid high credit card fees and potential issues with payment companies.
Industry Standards and Security
While detailed public information on BetHog’s exact security protocols, software providers, or bonus structures was not found, industry standards suggest they likely include two-factor authentication, SSL encryption, and crypto-focused promotions seen in top crypto betting platforms.
In summary, BetHog is a cryptocurrency-only gambling platform that aims to offer a fast, easy, and rewarding experience to risk-takers. By focusing on cryptocurrency, BetHog seeks to provide a unique gambling experience, stand out in the market, and avoid issues with payment companies. The platform's strategy involves leveraging influencers and offering promotions to incentivize risk-taking and user engagement.
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