LETBET


Letbet Airdrop
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Perhaps it is not surprising to find that this new project is connected to the world of online gambling and also offers their own cryptocurrency. Of course, this market is a massive business all over the world, so the potential of digital currency to make some on-road is certainly interesting. However, closer inspection of what they offer also makes a huge number of meanings.
Website: Let.bet website

 What is Letbet?
The company behind the Website: Letbet has clearly stated their intention that they believe they have a product that has the ability to fully revolutionize the online gambling industry. Whether or not it will happen is something that is still debated, but their intention is to provide people with a trusted and decentralized online gambling option that is the safest form of gambling.


This is clearly achieved through the use of blockchain technology and their expectation is that they will be able to eliminate the various problems that are often associated with online gambling. These issues focus on delays with payments, lack of confidence, and a host of other issues that are directly related to people just getting their money back from online casinos. If they are able to solve that problem, then they will prove to be a rather interesting proposition.

How big is the market?
The gambling industry is huge and continues to grow with more money flowing from Asian countries. It is estimated that the market will be worth $ 59 billion by 2020.
There are many popular types of online gambling, such as:

  • Sports betting: Placing bets on sporting events such as horse racing or football.
  • Online Poker: The 'bookie' takes their pieces off the players.
  • Casino game: Like a roulette or slot machine.
  • Bingo online.
  • Online Lottery.

Problems with the current market
There is a complete list of problems with the market listed in whitetaper Letbet, only a few of which can be found below:
  • Trust: Trust can be a factor that keeps many gamblers out of online games. The chances of winning are calculated by the algorithm but it is not possible to verify whether this is fair to the consumer.
  • Unreliable: Sometimes there are times when gambling websites will become offline at crucial moments.
  • Tax evasion: Tax evasion and money laundering are fears possessed by many governments and therefore make gambling illegal.
Technical Aspect of Letbet.
The new platform offers a fully decentralized approach to gambling through blockchain. The products they offer will provide users with anonymity and security, which are two very important components that people often look for in these situations.

This will all be achieved through Intelligent Contracts, and they have stated that they will use the Libertas Chain for a part of their product. They also state how everything is open-ended because they want to attract app developers who will then use their products. However, transparency when it comes to transactions is seen as important, which is why they see using blockchain because of the way transactions placed there are trustworthy and irreversible.

They also noted that their blockchain is unlimited, which they all already have, and no one can control the game because of its decentralized nature and the role of Smart Contracts.

They are also looking at appealing application developers to deploy their platforms that are reliable, personal, fully transparent, and very fast. This speed will prove to be quite important because one major problem has always been the time it takes to receive payments from an online casino, so the hope is that a blockchain approach will be able to eliminate that problem.

Advantages of Letbet.


This is not the only company that offers this type of product in this particular industry. However, putting it to one side, the fact that they offer a fully transparent trust platform and offering fast payouts should automatically attract people to what they offer. Also, they state that their platform offers entirely random games while online gambling using a centralized approach will always make their games leaning toward home to ensure that they win the most money.
In addition, all other advantages are clearly visible. Simple ways to disburse your tokens, standard exchange rates wherever you are, and an increase in the number of games for you to gamble as they bring in additional developers who want to work with them. Obviously, they have the intention to create online casinos in the same way as they do without using blockchain.

One of the main advantages of this platform is that they plan to use their own blockchain. 90% of ICO recently only use token based on Ethereum but this can cause problems. The Ethereum network has shown that it is often overwhelmed to make it slow and costly. Having their own blockchain also means that they are independent of third parties.

Financial Aspects and ICO.
The company has announced that there will be a maximum total of 199,000,000 tokens produced but half will be available during ICO. With 50% remaining, 20% will be allocated for bonuses and just under 30 million tokens will be used for third-party companies, which means game providers as well as bookmakers.

To invest, they will receive ETH and BTC, which are quite standard for ICO. Also, soft caps have been set at 3,000,000 LBT (already reached) while hard hats are at 84,000,000 LBT which does not provide significant scope. In addition, the per token price is between $ 0.8 to $ 1.5 depending on the quantity and there are also affiliate bonuses that range from 1% to 8% which is pretty impressive all on its own.

Overall Conclusion About Letbet and ICO.
One thing you have to say about the new platform is that they have a decent product, and that is one that is relatively easy to run from a technical point of view. Of course, it would be easy to find yourself by being tracked by their sales confidence about having 2 million users and a $ 1 trillion market share, but that does not take away from the fact that their product is something that it will be using.

One strange thing is that it is open-source so it makes you wonder what can be saved if the developers decide that this is the platform they can indeed do. Companies openly acknowledge that their blockchain can be used for things that come out with online gambling, but it remains to be seen toward where this project can go.

                                                                                            Roadmap


                                                                                                   Our Team


More information You can also visit this link:

Website: https://let.bet/
Whitepaper: https://static.let.bet/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic= 2683151.0
Bounty Thread: https://bitcointalk.org/index.php?topic=2684253.0
Facebook: https://facebook.com/letbetcoin
Twitter: https://twitter.com/LetBetOfficial
Github: https: // github. com / letbetcoin
Telegram: https://t.me/LetBetCoin

Author: Nengdayanti
Profile: https://bitcointalk.org/index.php?action=profile;u=1687217
ETH: 0x445CD0422b50F8f870c288D2e78762E3a3b34308

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