Bull vs Bear, a Bitcoin betting app that was developed by Ziggurat Curaçao N.V, is set to offer crypto enthusiasts a new way to interact with the crypto market. Notably, the app was developed with beginners’ skills in mind.
The application is the world’s first multiplayer gambling tournament based on Bitcoin’s live market price. According to the company, interested players can now register ahead of the launch. Notably, the company has promised new players who refer their friends to the betting application a 100% first deposit matched bonus of up to 0.01 BTC.
Bull vs Bear Bitcoin betting app is open to all interested players from jurisdictions that do not prohibit online gambling. However, interested players from Australia Aruba, United States, France, Singapore, Netherlands, Saba, Statia, Bonaire, and the United Kingdom cannot access the betting services due to regulatory restrictions.
According to a statement by the company through a press release, the Bull vs Bear betting app will enable players to predict Bitcoin’s market price in five minutes. Players who have built a high winning streak and attained the top leaderboard will be allotted progressive jackpots. The incentive program is meant to motivate new players and also attract experienced crypto traders.
In a bid to ensure the credibility of the Bitcoin market price, Bull vs Bear will fetch market data from Coinbase Pro API. Interested players can place a minimum bet of 0.000001 BTC to receive a payout. Besides, players can also play for free and climb the leaderboard to claim the jackpot.
Deposits are facilitated by Coinbase Commerce directly from users’ crypto wallets to a Coinbase wallet that is only accessible by an AML officer. Furthermore, all withdrawals can only be processed manually back to the original source i.e. wallet. These precautionary measures are set to curb funds theft and also assure users of top-notch security systems.
The cryptocurrency market through blockchain technology has opened up the betting industry to the global market at a whole new level. Players are able to monitor their bets, which in this case are not affected by the underlying company, from anywhere around the world.
The decentralized nature of Bitcoin and other crypto-assets has raised the credibility bar for most industries as no one can tamper with information found in the blockchain. As a result, the betting industry anticipates further growth as crypto adoption grows amid the ongoing economic crisis.