Cryptocurrency

Online Sports Betting Platform Sportbet.io Joins Tron Foundation; Will Give Away 1 Million TRX

Online sports betting platform Sportsbet.io announced on Tuesday that it has entered in partnership with one of the largest crypto networks, Tron Foundation. The announcement came via an official blog post on the company’s website, which confirmed that the TRX would be made available on the platform from 20th October 2019.

TRON founder and chief, Justin Sun, welcomed the sports booking platform tweeting, “Welcome Sportsbetio to join the #TRON ecosystem! Another win for #TRON and another chance to win for #TRONICS.” The company also stated in its blog that they would be giving away 1 million TRX as a promotional offer.

Those interested in the giveaway must opt-in before the first Sportsbet Specials match on Sunday, October 20. Subsequently, participants must stake a minimum of 300 TRX on the match and need to do so every day without losing. If you lose, you miss the chance, and the last man standing will get 1 million TRX cash. In the blog post, the company said,

The concept is simple, but it will take a lot of effort and determination to be crowned winner against other participants! Place a bet every day on the Sportsbet Special market. If your bet wins, you qualify for the next round. If your bet loses, you’re out! If you are the Last Man Standing, you will win 1 Million TRON in CASH!

At a time where the crypto industry is trying to find new use case and adoption opportunities, online betting has already taken crypto-like fish to water. Sportsbet has a vast and expansive user base, and before TRON, Bitcoin was the prominent crypto used for betting on the platform. The about section of its website says that Sportsbet is a ‘Bitcoin Sportbook,’ which strives to create special things for sports fans and Bitcoin users.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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