There was a massive hype around the new crypto platform called EOS, it promised high speed blockchain with very low transaction costs. Nowadays, we’ve got several more popular crypto ecosystems, although EOS has still something to offer.
The extremely low transaction fees is a great attribute for usability in crypto gambling.
EOS.IO is a software operating and managing EOS blockchain network. The platform has been developed and introduced by the private company block.one. It’s primary goals were cheaper transaction costs and better scalability than Ethereum (ETH) had.
EOS runs on DPoS (delegated Proof of Stake) consensus, 21 delegates secures and validate the network. The small amount of delegates ensures a quick transaction confirmations.
The record breaking EOS ICO (innitial coin offering) raised over $4 billion, every one could participate in order to receive a EOS tokens.
The year inflation rate of EOS cryptocurrency is set to 5%.
The market cap of circulation EOS token at this moment is around $4B.
The snapshot of market cap was taken on Oct 19, 2021 on Coingecko.
EOS is a native token for EOS platform. Everybody who wants to access the EOS network is required to own EOS cryptocurrency.
In general, you won’t pay fees with EOS deposit on crypto casinos.
On the other hand, in case you want to cash out funds from the casino, expect to be charged for a small fee.
Although EOS brands itself as feeless blockchain, some EOS has to be staked or do the work before you can send funds.
So usually casino or exchange is going to charge you for small fraction of EOS per each withdrawal.
The crypto casinos EOS withdrawal fees at the moment are as follows:
Stake – 0.1 EOS
BC.Game – 0.1 EOS
Bitsler – 0.05 EOS
Earnbet – 0.01 EOS
As you can see, the withdrawal fees are similar across the board and no casino let you withdrawal EOS for free. Although it’s still very cheap (~$0.4) in comparison with Bitcoin or Ethereum average transaction fees.
Decentralized casino Earnbet is the most generous one since they charge around 4 cents per an EOS withdrawal.
Place sports bets with EOS on high-quality crypto sportsbooks. Stake, Bitsler, and BC.Game provide coverage of many sporting events with plenty of pre-match and in-play lines.Â
Find your desired betting opportunity and wager your EOS to have more fun during the match.
Developers can build decentralized application on EOS platform and obviously there are people creating gambling Dapps. Enjoy the decentralized play without a need to complete KYC, usually these casinos come with a wager mining feature and dividends. You will mine their native tokens with each bet and start to receive casino profits in form of dividends. Explore more crypto casinos with dividends.
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