Bitcoin Rush is the main customer-facing website while Monster Byte is the name of the parent company. We use Bitcoin Rush to refer to both.
Bitcoin casino and sportsbook.
Waves platform. This is the only ICO in this list that does not use the ethereum ERC20/ERC223 token protocol.
3 July 2017 – 4 August 2017
$1 million in bitcoin, dash, ether, litecoin and waves.
40 million Monster Byte tokens created.
25% sold to investors.
20% used to pay previous shareholders (details below).
55% retained by fund-raiser.
Market cap – ICO amount raised per token sold * total number of tokens
Market cap – first listed Apr 2017
Market cap – Feb 2019
RIO since ICO (not including dividends)
Per year: -73%
RIO since first listed (not including dividends)
Per year: -43%
- Monsterbyte website
- Bitcoin Rush website (taken down)
- Whitepaper and terms of token sale (taken down)
Monster Byte token holders are promised a quarterly percentage of the sites’ profit, like a dividend. Monster Byte tokens are not used on the platform in any way.
Bitcoin Rush has a long-established history in bitcoin gambling since 2013 (previously known as casinobitco.in). They also operate the bitcoin gambling sites Bit777 and Peerbet. All of their sites are low quality with poor user experience as per our review of their sportsbook and videos walkthrough below.
Bitcoin Rush, while known as casinobitco.in, first sold shares in itself via Havelock Investments. Investors via Havelock investments have been promised a commensurate number of Monster Byte tokens.
Original and ICO investors appear to have lost money due to poor performance but do not appear to have been ripped off (unless profit has been under reported).
A working product, but not a good one
Often ICO have new and innovative ideas but fail to create a working product. Bitcoin Rush offer a different problem. They have created a working product but have no new and innovative ideas.