What is Edgeless (EDG)?
If you are familiar with the casino world, you know that there are a lot of problems in this area. Such things as thefts create a bad image for this industry. In addition, gambling business is illegal in the most countries, and government fights it vigorously. However, the casino industry is growing incredibly quickly. And some gamblers and developers are concerned about making the experience more convenient for customers.Edgeless is an instrument that is supposed to make gamblers’ life easier. This is not just another cryptocurrency, this is also a virtual casino. With the help of new technology it is possible to overcome fraud and make gambling safer.
Where did Edgeless come from?
Edgeless appeared as a result of collaboration of gamblers and developers. It was created to change the casino industry and to make gambling experience reliable. Of course, it did not appear as a huge online casino. The story of Edgeless started when a group of enthusiasts created a slot machine, which had an interesting feature. It was built on smart contracts. Here are the main members of the developer team:
- Tomas Draksas. Co-founder of Edgeless.
- Tomas Lukosaitis. He controls the business process.
- Ignas Mangevicius. He develops systems that operate on blockchain technology.
What are the advantages of Edgeless?
The main idea that stands behind Edgeless is to solve problems connected with casinos. First of all, it is a desire to avoid built-in casino's advantage or house edge.The other significant problem is a lack of transparency. Edgeless has a number of significant advantages:
- It is built on Ethereum blockchain that enables it to use smart contracts. Every bet is supported by smart contracts. All the calculations are made automatically.
- Smart contracts technology helps to avoid fraud. When this technology is used bet and possible outcome cannot be changed.
- Guaranteed payout. The fact that smart contracts protect the betting process means that winners are paid undoubtedly.
- There are a lot of wallets where you can store EDG. So users are able to choose the most suitable for their needs.
- An opportunity to avoid house edge. We all are aware of the fact that casinos have their percent from every bet. With Edgeless online casino the house edge is 0%.
- Anonymity. Edgeless is determined to protect users’ identity.
- Transparency. No secrets, everything is visible and under control.
What are the disadvantages of Edgeless?
Although Edgeless seems to be a great instrument, some people would say it has a number of drawbacks, such as:
- It is impossible to mine Edgeless. EDG was issued in a limited amount. Now only the casino administration is able to make a decision to issue some more.
- Although Edgeless helps to give gamblers a better version of casinos, it cannot eliminate all the risks. You still can lose.
How to buy Edgeless?
Let's say you want to buy Edgeless. What should you do? We suggest you go to the SimpleSwap homepage and follow the instructions below.
- Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
- In the second drop-down list select EDG. You will be shown the estimated value that you receive after the exchange.
- Enter the Recipient's Address. Edgeless will be sent to this address. Be careful and make sure you use the correct address.
- Check all the information you have entered. If everything is correct click the Exchange button.
- You will be shown Bitcoin deposit address. You need to transfer to this address the necessary amount of BTC to start the exchange.
This is everything you need to know to buy Edgeless on SimpleSwap.