Zikbo’s COO on Crypto Betting and How the Company is Chasing New Frontiers
There is no shortage these days of what you can do with your
cryptocurrency; you can buy, sell, spend, borrow, and much more.
But one of the more exciting crypto application niches is betting.
It is no secret that people love betting, given that it is a
billion-dollar global industry. But what happens when betting is
given an innovative crypto touch? The answer is Zikbo, a crypto
betting and sports gaming platform. The company has made waves for
its unique algorithm which allows users to play fixed bets, bet
against each other, bet on events, and many more. We speak with
Richard Brooks, COO of Zikbo about betting, the crypto industry,
and what is next now that the company has made the leap into the
betting sector. 1. What inspired the creation of Zikbo? “There are
many different offers with events and odds in the betting world
now. They are difficult to understand for both a professional and a
beginner. The Zikbo team has developed a platform in which a
minimum of events and a fixed coefficient will be docked. Any
participant in the bet will be able not only to earn, but also to
quench their thirst for excitement.” 2. What would you say makes
crypto betting so appealing? “In existing bookmakers where fiat and
cryptocurrencies are accepted, there are always limits on the
amount of bets, and this sometimes interferes. It happens that a
player is sure of success and wants to go all-in, but cannot. And
the Zikbo platform provides the player with such an opportunity.
Anonymity also plays an important role. The player wants to remain
anonymous at all times and in the case of deposits and withdrawals.
Zikbo also provides the player with this option.” 3. Your platform
is famous for its algorithm. Could you talk a bit about that? “Yes
indeed, we use a unique algorithm to balance all bets. Why we
decided to use this approach, since we do not work against users,
we provide a platform where users place bets against each other.
How did we implement this solution? 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. How does Zikbo differ from other crypto betting sites?
“Existing bookmaker cryptocurrency offices are analogous to fiat
offices. The only difference is that payments are accepted in
crypto. 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. How does Zikbo operate during periods of market
volatility? “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. For example, additional sports
will be offered: basketball and hockey. A coefficient of 7.2 will
also be offered and this is not an express. All these tools are
really new and revolutionary.”
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