October 2018 is a special month for the cryptocurrency sector. Today, on the 31st of October, we’re celebrating 10 years since Bitcoin’s whitepaper was published, triggering the creation and release of the first cryptocurrency two months later. But what’s even more important for fans of Bitcoin sportsbetting is that this month also brought the 5th anniversary of Cloudbet – one of the earliest Bitcoin sportsbooks online. And to mark the occasion, Cloudbet will be running a new special promotion for all registered punters.
Five Years Full of Challenges and Breakthroughs
Even a year in the fast-paced world of cryptocurrency tech companies can feel like an eternity. In the past years, we’ve seen many “promising” businesses kick off with a bang only to fall apart at the first challenge and slowly drift to obscurity. But not Cloudbet, which survived to become one of the longest-running betting sites for cryptocurrency holders.
Cloudbet officially began its story in October 2013 with the acceptance of its first wager in the amount of 0.12 BTC on a Korean soccer event from the K-League. If you need a better proof of how much time has passed since then, you need only to look at the then value of that bet, which was roughly around $24. Since then, over 6.5 million wagers were placed on Cloudbet’s sportsbook, many of them paid out in Bitcoin.
Not long after opening, Cloudbet posted a thread on the Bitcointalk forum announcing its platform and opening a discussion board that helped shape and improve the sportsbook over the years. Currently, that thread has more than 260 pages, including 5,000 posts.
Feedback from that forum helped Cloudbet introduce its first major change, setting betting limits at a minimum of 0.001 BTC for most events and a maximum of 50 BTC, limits which remain active to this day. In 2013, Cloudbet also automated its withdrawals to be processed instantly in over 90% of cases, thanks to user feedback, while the next year brought the introduction of the Live Casino and the transfer of player funds to a more secure cold storage.
In the remaining years, Cloudbet kept adapting to market demand, introducing new cryptocurrencies and promotions, as well as localized versions of its website in Korean, Russian, Chinese, and more. With such a track record of listening to what players need, we’re certain that the Cloudbet brand will keep dominating the market for years to come.
Join the Special 0.75 BTC Promotion to Celebrate
To commemorate the special anniversary, Cloudbet is running a new promotion that will take place on the Bitcointalk forum where it all started. The prize pool is estimated at 0.75 BTC and it will be dispersed over 15 members of Bitcointalk who participate in the competition. To become eligible for a prize, you just have to create a meme for one of the five categories given by Cloudbet, which include topics like “Worst N00b mistakes” or “What would you do if you had sold when it was high?”
The first place in each category will earn a prize of 0.1 Bitcoin while the second and third places will get 0.03 BTC and 0.02 BTC, respectively. To learn more about the competition and see the other available meme categories, make sure to visit the Cloudbet sportsbook.