LetBet ico

-
LetBet - Online Gambling Platform




LetBet is set to create a revolution in the online gambling industry. Our aim is to create a platform that creates an innate trust in a potentially corrupt system for one to win a game (players’ view), get rewarded (developers’ view), and fair gambling (the service providers’ view) through a decentralized system is replaced by smart contracts through blockchain semantics in a trustless, borderless, secure, and fast online gambling system that benefits all.
In a typical online gambling system, players rely on a trusted third party to carry out the game. But with LetBet’s concept, there is no need for trust, because we believe trusting a third party that is potentially corrupt would result in a biased outcome. Smart contracts that automatically reward all the key contributors — game developers, referrers and operators of independent platforms necessary for the game discovery — now replace the trust a typical player had in a third party.

1. What Is A Betting System?

A betting system is a crucial arrangement — created after an investigation of prior wins and misfortunes that builds players’ odds of winning more wagers in less time. On the other hand, the unceasing truth of betting is that no betting system works all the time. The systems are constantly loaded with chances. A betting system may at first appear like the player is cash. Be that as it may, over the long haul, they would not see much contrast in their misfortunes than if they hadn’t connected to a betting system. There are three distinct sorts of betting systems:

  • positive betting system

in this system, players increment their wager each time they win. this is the best of the three systems as it doesn’t expect the player to have a major add-up to begin the diversion1.

  •  negative betting system

some players wish to wager much higher each time they lose. they do so with a desire to recuperate past misfortunes in a single winning wager. it requires a more significant bankroll and a solid heart to follow this system, and is consequently, viewed as a more unsafe betting system than the alternatives.

  •  insurance betting system

in this betting system the player diminishes their wager each time they lose. this is a more secure betting option and is viewed as a perfect betting method.

2. Structures of online betting

betting has been one of the most well-known and lucrative internet-based businesses. gambling commission industry statistics show that between april 2015 and march 2016 online gambling operators generated a gross gambling yield (ggy1) of £4.5 billion. this is due largely to the extensive variety of betting alternatives that are available to entice a wide range of players.
an article by darren et al, essentially an overview recorded in australia, demonstrated that the most well-known types of betting were lotteries (46.5%), keno (24.3%), moment scratch tickets (24.3%), and electronic gaming machines (20.5%)4.

3. Types of online gambling

There are numerous types of online gambling. Not all of these would be present on our platform, but a typical number of games would be introduced on our platform following the LetBet road map. Because we are an open source, other game developers can sign up with us to list their game, which will be played on the LetBet platform inline with our goals.
Some prevalent online gambling games to note: poker, club, games betting, bingo, lotteries, uk national lottery, horse racing, mobile gambling, in-play betting, advance store wagering

PROBLEM

In spite of the significant growth of the online gambling industry, early issues that made some countries to accept, and the others to reject the idea of online gambling, still lurk within. These have, over time, formed to become a major problem faced by the industry. Some of them are highlighted below.
  •  Conceivable Issues
  •  Illegal Tax Avoidance
  •  Player Discerment
  •  Security
  •  Trust
  •  Slow 
  •  Unreliability

SOLUTION

The issues within the traditional online gambling systems cannot be overemphasized, because they are numerous. Starting from game selection, the random number generation and the payout system of the industry involves a rigorous process which affects the player most. 
Problems such as this is humongous and complicated, especially for the industry has always been that way, and may possibly remain so without the interruption of a blockchain based online gambling system. 

Information regarding the pros of a decentralized (blockchain based) platform is detailed in the next chapter.

  • Benefit of The Letbet Decentralized System
  • Anonymity 
  • Freedom and Flexibility
  • Background And Significance Of Blockchain
  • Blockchain Revolution

PLATFORM OFFERS



PRODUCT ARCHITECTURE



MARKET OPPORTUNITY & BUSINESS MODEL

The online gambling industry is a huge industry with numerous exciting prospects. Below are some indications to back our claims coupled with our business model that is blockchain-tailored to solve the current issues in the industry and wellsuited to meet the perceived and/or identified opportunities in the industry.

THE DEVELOPMENT OF ONLINE BETTING.

Online betting includes games such as poker, clubhouse and other conventional games played over the internet. In 1994 when online gambling became popular, numerous countries limited online betting while some others construed it an illegal venture or practice. However, some regions in Canada, some European countries, and a few Caribbean islands allowed online gambling as a legal venture or practice. Since then, the online gambling industry has grown to what is now, valued at 500 billion USD. It continues to increase at a steady rate, with some indications that it will grow to 1 trillion USD by 2021
With the development of internet and mobile technology, the online gambling industry is forecasted to experience a boom in the near future. 

The online gambling industry consists of many business models and technologies, which include:

  1.  Sports betting: Betting on sports event (soccer, horse racing, hound racing e.g.)
  2.  Online Poker: Service provider receives profits from wagers.
  3.  Casino Games: Slot machine and roulette which are operated in a manner similar to a traditional land-based casino.
  4.  Online Bingo: Online version of the ageold game
  5.  Online Lottery: Same as regular Lottery, but operated online.
The key vendors in the Online Gambling Industry include: 888 Holdings, GVC Holdings, UniBet group, William Hill and many others, which operated from the traditional business model. According to statistics, William Hill is the market dominator in the UK with market share of 15%.

Revenue Stream Of LETBET

As the description above to emphasize where the revenues will be generated for the platform owner - LETBET. This section will provide transparent details about how LETBET operate a Zero Fee platform with a high margin of profit from Operators and other parties in the ecosystem.




COIN DISTRIBUTION

A total of 199M coins will be distributed in the following order:
  1. 50% coin will be issued in ICO. 
  2. 15% coin will be reserved for third-party developers. 
  3. LBT will hold 15% coin 
  4. 20% coin will be used for audit, bounty, affiliate program

FUND ALLOCATION

  1. 30% allocated to platform development 
  2. 20% allocated to betting development 
  3. 20% of marketing, legal & professional costs 
  4. 20% allocated to a reserve 
  5. 10% of operation & other costs

PRIVATE SALE DETAILS

We offer limited private sales to those with strong faith in our mission and business model. 

  • Individuals, 
  • especially Bookmaker,
  • Developer, 
  • Game Provider, 
  • are highly welcome to join our private sale.
Please do check our website, our FAQs section or you may also drop us a message to partner@ let.bet for more information. 

PRE-SALE DETAILS

Note: Please send in your requests for bonus from ICO site. 0.1 LBT will be transferred to your wallet (this option is only open for the first one hundred thousand users). Please check your transaction on the LBT Explorer, where you can see any other instruction in the knowledge base. Please be aware that in this phase we will also develop some simple Sports Betting games (see in Roadmap) so that you can use bonus coins to play. Please use Felix unit to bet (1 LBT = 1000 Felix) and enjoy.
BTC or ETH can buy LBT and we will add some bonus for first purchases just noted above. The value of BTC or ETH will be counted from the time you finish the order as seen on coinmarketcap.com.
A total of 20M LBT will be issued during the pre-sale. The presale will kickoff on the 20th Jan 2018 and end on 14th Feb 2018. We will limit total coin you will able to buy during our pre-sale. 

Please check the table below for more information.

  • The first 35% LBT will sell at a price of $0.4 
  • The next 35% LBT will sell at a price of $0.5 
  • The rest 30% LBT will sell at a price of $0.6

Crowdsale details

A maximum of 70M coins will be issued during the crowdfunding. The LetBet crowdfunding will kick off fully on the 25th of Feb, 2018 with an open sale that will last for 30 days.

  • The first 20% LBT will sell at a price of $0.8
  • The next 20% LBT will sell at a price of $0.9
  • The next 20% LBT will sell at a price of $1
  • The next 20% LBT will sell at a price of $1.2-The next 10% LBT will sell at a price of $1.4- The next 10% LBT will sell at a price of $1.5

ROADMAP



For more information please check our official link below :



Komentar

Posting Komentar

Postingan populer dari blog ini

MOGBV

-
Gambar
Introduction... Massive Online Gambling (MOG) B.V., hereafter referred to as MOG, is fully licensed and regulated to offer gambling by the laws of Curacao under the Curacao Gaming Authority license number 1668 / JAZ. The company obtained its license in November 2016, and launched its first game December 2016 under the brand Explosive Gambling. The vison of MOG is to transform the online gambling industry by introducing a totally new gambling concept. Simply explained all MOG games are based around 5-card draw Poker, where we have added a new and unique approach based on their symbol. By doing so, we went from 7 462 traditional poker hands to 2 598 960 card combinations. We also use a fixed fee setup for all games, this mean that all players know how much the house earn, and how much is in the prize pool, contrary to the traditional gambling companies which rarely reveal details about their game earnings. The idea to our concept dates back to early 2000's, where one man coul...
Baca selengkapnya

AMANPURI

-
Gambar
AMANPURI- Main Exchange 1. ABOUT AMANPURI AMANPURI offers an ideal UI that satisfies all users, from new users to professional traders. Our multilingual customer support is available by telephone and reduces customer stress levels. We provide innovative solutions to hack damage that is considered a problem in the exchange of crypto currencies. We protect 100% of customer assets by partnering with primary caregivers. AMANPURI has accumulated involvement in the FX field of high influence for a long time, but there are many informal FX brokers filled with buckets in the middle of the time of FX creation. Until now, most of them have been eliminated, but provide the idea that this equal situation will occur in the VFA business from now on and in the future. It is clients and speculators who endure such dangers, for example, misty exchanges, contractual differences of opinion, surprising server downtime, denial of withdrawals, breakdown of correspondence with client support group...
Baca selengkapnya

DIRO

-
Gambar
DIRO - decentralized identification and access based on crowdsourcing of contact directories DIRO is a decentralized identity card and an access application supported by a crowdsourcing contact directory {for the network, the Internet, the application, the IoT, the smart contract, AR / VR and all other domains that use human resources. Your contacts are automatically configured in mini directories Diro uses the power of the crowd's intellect to automatically celebrate people in the repertoire for everyone. These efforts continue to grow to 50%, 66%, 75%, etc., when people join the phone book. Diro is an excellent tool for working with any phonebook that all members can view and manage. You can also create contact lists from customers or suppliers and share with specific people. Automatic, organized and updated contacts with one-click access to services. Make your contact live on air - whether it's the IVR option, waiting time, meeting order or just a mil...
Baca selengkapnya