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EthBet is a gambling platform that will leverage the Ethereum blockchain to provide dicing games without a mandatory house edge. EthBet users will be able to bet directly among each other (p2p) making the centralized intermediaries house bets unnecessary. Users can define a house edge on their bets.
The EBET token will be used as the betting currency and to pay the platform fees. The EBET token also gives its holders voting rights over the platform development.