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Kryptium

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Ethereum
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News

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.
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Son Min-ho

Significant Bitcoin Transfer from 2013 Wallet Sparks Market Speculation

An early Bitcoin holder has moved approximately 41,145 BTC from a dormant wallet, raising concerns and interest among traders.
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Ayman Ben Youssef

Cysic Halts Crosschain Bridge Following Token Creation Incident

Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.
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Tando Nkube

What is Kryptium?

Kryptium — a convenient, decentralized real-time betting platform. If, for example, you want to place bets regularly, then this portal is for you. There are no restrictions on winnings and withdrawals. Based on the Ethereum blockchain network, Kryptium is designed as a global community-based betting system. In addition, each user can act as a player or data service provider.

Contents:

dapp Kryptium

Kryptium platform features

Players make their bets, after which the funds fall into the total deposit. As a result, it will be divided among the winners. In addition, the chances of getting a big win depend on the number of participants and the amounts they bet.

The main advantages:

Peer to peer The platform excludes the traditional bookmakers. This allows players to bet against each other on their own terms.
No limits There are no restrictions on winnings and withdrawals, and there are no taxes.
Decentralization

The betting platform is based on the Ethereum blockchain network. In addition, the Kryptium team doesn’t start any servers.

Wide range of services Anyone can act as a player or service provider. Kryptium is designed to support the global betting system.

In addition, the purest form of betting between players is noted here. Winnings will be automatically transferred to your betting wallet. This usually occurs within 30-60 seconds. However, the speed depends on the Ethereum network load. There are no free giveaways, airdrops and other promotions here.

Kryptium advantages over other projects

Kryptium uses the Ethereum blockchain network to store players' bets and funds safely. Ethereum is powered by new technologies and provides proven options for protecting information assets. All bets are placed and settled automatically, based on Ethereum smart contract applications. These applications are protected from fraud or third party interference. Their code is open for viewing.

Players place bets, using an intuitive application. It is available for Windows, macOS, Linux. In addition, an application for Android and iOS will be released soon.Kryptium

Kryptium, currently, allows players to place bets on Ether. This is the second most popular cryptocurrency on the market.

Blockchain Platform Privacy

Players do not need to open an account or provide additional information. The only parameter that confirms the identity is the automatically created address of their wallet for bets. To protect players from tracking, the application additionally provides support for anonymous communication through an open network.

The creators of the project don’t provide a White Paper, but there is a Road Map. It marks the stages of development of the platform. In the near future, bets on several events will be open, and they are going to support cryptocurrencies of other blockchain networks.

How to bet on dapp?

To start using the platform, you must follow these instructions:

  • Firstly, download and open the bidding application.
  • Secondly, check the address of your wallet for bets in the "My money" section. Then replenish the balance.
  • Thirdly, select a game house for the game (optional step). Or just use the one that is pre-selected by the application.

How to open a new bet:

  1. Find an interesting upcoming event and select "Bet Now!".
  2. Select the type of bet (pool, one on one or several players).
  3. Select a win forecast.
  4. Determine your bid.
  5. View details and place a bid.

There are many sporting events and competitions that attract the attention of players. However, some of them are not available for online betting, for example, due to difficulties in obtaining event data. In this case, offline bookmakers can use this platform to expand their customer base at a very low price.

Players, who want to bet with their own odds, avoid offices that provide lesser odds. Thus, bookmakers have a clear opportunity to expand their offer for these players. For this, it is enough, for example, to install a bookmaker on the Kryptium platform. Subscribe to the telegram channel (50 subscribers) and twitter (100 subscribers) to keep abreast of all project news.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.