iGaming itself has been around for a long time, since the first people ever made wagers over the internet and won or lost money. It's come a long way since it's first iteration, with countless iGaming platforms to choose from for those who want to do a little - or a lot - of online gambling. The addition of cryptocurrencies and blockchain into the mix over the last decade has really ramped up the possibilities of what iGaming platforms can offer and the ease at which players can get involved from all over the world.
Until recently, there were many limitations with blockchain integration to iGaming systems due to slow speeds and high fees and a lot of the existing platforms are still stuck using old technology and business models. With the exponential expansion of DeFi (Decentralised Finance) and the dramatically increased speeds and reduced fees that come with BSC (Binance Smart Chain) and other layer 2 solutions, the time is ripe for new platforms to emerge in the iGaming space.
The BUSTA founders looked at all that was available in both iGaming and DeFi and set out to create a perfect ecosystem that would best benefit our players, investors, stakers, traders, affiliates, and partners. As we mapped out the architecture, it became more and more obvious that it was entirely feasible to create a circular business model where everyone benefits. Lastly, the decision was made to bundle the entire platform up so it could be controlled by the community via a DAO, with minimal oversight and management from the core team.
It should be clear by now that we have set our goals high, but if you make it through to the end of this GitBook, we're confident you'll be a BUST-Believer :)