All Press Releases for November 01, 2021

MoneyLine Token has Launched a New Cryptocurrency for Online Sports Betting

Moneyline Token a Revolutionary new cryptocurrency for the online sports betting industry is now listed and trading on the Binance Smart Chain

    BOSTON, MA, November 01, 2021 /24-7PressRelease/ -- Since the U.S Supreme court ruling in May 2018, roughly half of U.S. states have legalized sports betting and legislation is ongoing in virtually all other states. Online sports betting is a $66 Billion global industry that's projected to grow to $174Bil in the next 6-7 years as the U.S. market is in its infancy stages.

Moneyline has launched a utility token benefiting both sports books and bettors alike. Sports books can incentivize bettors with loyalty rewards in the form of crypto bonuses to acquire and retain customers. Bettors can place fast, secure, anonymous wagers with low transaction fees.

According to Smart Betting Guide, it is estimated that 60% of the worldwide Bitcoin transactions are related to the gambling industry. However, unlike Bitcoin, Ethereum and other cryptocurrencies, Moneyline provides sports books a supply of tokens for integrating and accepting Moneyline Token bets. That supply can be utilized to back crypto bets and acquire new customers by offering crypto bonuses, match plays and loyalty rewards. In many instances bettors win even when they lose and sports books have nothing to lose and much to gain as they are supplied with an entirely new asset for a simple integration.

MoneyLine is a BEP-20 token on the Binance Smart Chain (BSC) with a capped supply of 10 Bil MoneyLine Tokens of which 2 Bil were delivered to the contract, the automated market maker (AMM) liquidity pool as detailed here:

Binance Smart Chain (BSC) is an Ethereum-compatible blockchain that offers the same smart contract capabilities at much cheaper transaction fees and lightning-fast transaction speeds.

When Decentralized Finance (DeFi) coins became immensely popular in Q1 of 2021, Ethereum transaction fees hit record highs. This became a bottleneck for DeFi growth and discouraged mass participation. In comparison to Ethereum, gas fees on Binance Smart Chain (BSC) are approximately 20 times lower at roughly .1% resulting in only a 10 cent cost for a $100 Moneyline Token wager.

Moneyline/BNB quoted here:

About MoneyLine Token:

A BEP20 utility token developed for the online sports betting industry to benefit both sports books and bettors alike. Sports books are able to incentivize bettors with crypto bonus rewards thereby reducing their customer acquisition costs. Bettors are able to place secure, anonymous wagers that limits bank fraud and credit card intrusions.

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Contact Information

Christopher Robert
Moneyline Token
Boston, MA
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