Ethorse Coin Review
When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of Ethorse Coin consists of three chapters: origin, technology and pros & cons.
Ethorse started in October 2017, by a team of three people. However, these three people prefer to remain anonymous.
Ethorse is a peer-to-peer platform based on Ethereum blockchain technology. It is a betting tool. Moreover, it is a smart contract based application. You can use Ethorse Coin to bet on the price of different cryptocurrencies.
The whole process of Parimutuel betting is secure. The process includes the following phases:
- Betting period
- Racing period
- Rewarding period
The Ethorse betting platform pools the betted amounts together. The token holders bet on the cryptocurrency they believe will have the highest percentage increase during a specific period. The determination of the prices of the cryptocurrencies is through Oraclize. The Ethorse platform announces the winners through the ranking system. Also, the pool takes a proportion of the collected amount. Then, the winners receive the remaining amount. Each winner receives a share relative to the bet amount.
HORSE is the token which is allotted to all of the crowd sale contributors. All the token holders produce an amount of profit pulled from Ethhorse as ETH. The current rate is 5%.
- No sign up required by the user for fund depositing
- Open source
- User friendly
- Usage of Oraclize avoids manipulation
- The safety of the funds is guaranteed
We have not identified any obvious cons with the Ethorse Coin specifically.
If you have concluded that this is the coin for you, congratulations! Good luck! Buy Ethorse Coin here.