May 2020 Report
Financials.
Despite the negative financial result in May of -27K euro, covered by the team, the number and volume of bets on the platform shows steady increase.
In the second half of May, the volume of bets on 888starz.bet increased by 3 times from 168K euro of the previous reporting period to almost 600K euro in the last two weeks.
The total volume of bets in May amounted to about 768K euro. The vast majority of bets were made on sports, despite the fact that due to COVID-19 the number of sports events held in the world were minimal.
The data allows us to conclude about the effectiveness of ongoing advertising campaigns and the removal of quarantine restrictions in the EU. The extension of the partner network should have a positive impact on the bid volumes of the platform in the future.
The main focus should be on connecting fiducial payments as soon as possible, launching the dividend model and conducting an massive and aggressive advertising campaign this summer (July/August).
Progress on licensing and FIAT.
The company is now successfully registered in Curaçao. The documents have already been submitted for obtaining the gambling license. We expect to receive the first new gaming license very soon this month.
Documents have also been submitted for the registration of an affiliate company in the EU, through which fiducial payments will be processed. The time necessary for the new company with a bank account to be operational is 3 to 4 weeks.
When the new company is fully registered and active, the following fiducial deposit methods will be available:
Mastercard / Visa, QIWI, Yandex, Apple Pay, Google Pay, Advcash, Giropay, SOFORT, ZIMPLER, NEOSURF, Trustly, Paysafecard, Trustpay (EUR), Entercash, Alipay, UNIONPAY, We Chat Pay, Boleto Bancario, Ecopayz, Poli (Australia), Poli (New Zealand), Skrill, Neteller, Jeton, CCAvenue, RuPay and Webmoney.
Progress on marketing.
Four large CPA networks and more than 15 affiliate partners were integrated and tested. Advertising and promotion to various GEOS has begun to attract cryptocurrency traffic.
We plan to connect around 10 CPA networks every month. The main and largest traffic is expected after connecting fiducial payment methods.
Progress on updates.
Within the next 1 to 3 weeks, the following updates are expected to go live on 888starz.bet:
Adding support for TRON mobile wallets
Adding a module for buying cryptocurrencies for fiduciary with the posibility to search for the optimal resource by geo
Added ability to change player account currency
Added new game providers;
Changes to the User Interface (UI) of the site
Our team is actively working on the integration of the Dividend Model. We plan to finish the work in June.
In the next 1 to 2 weeks, an info site dedicated to the 888 project will be launched.
Progress on listing.
Negotiations on listing of 888 token on fiducial cryptocurrency exchanges are ongoing.
Progress on Master Card.
In June, an affiliate website is planned to be launched, where users of 888 will be able to order a Master card debit bank card and Union Pay with a discount, with the possibility of replenishing it with crypto currency.
Attracting more people.
We are looking for affiliate managers from different countries with experience in gambling and crypto industry, webmasters, as well as artists for advertising campaigns creations.
We have some exciting times ahead of us and the next few weeks will be very important for the future development and success.
Yours sincerely,
Ruslan
CEO of 888tron and 888starz.