[ICO] LETBET (LBT) — Decentralized, revolutionalized betting and gaming platform
I. INTRODUCTION
LETBET is a blockchain powered online gambling platform — a new revolutionary service coded and optimized by Bill Healey’s DEV team based on the pure ETH (ERC20) platform. LetBet issued its cryptocurrency named LBT to enable a decentralized, trustless, and fast online gambling protocol powered by blockchain on 28 December 2017. LBT disrupts the status quo of traditional online gambling systems — delays, unfair payout systems and the innate trust on a potentially corrupt third party. This system provides many business models & technologies, including Sports Betting, Online Poker, Casino Games, Online Bingo and Online Lottery among others.
II. WHY LETBET IS A VALUABLE PLATFORM ?
The online gambling industry is currently valued at about 500 billion USD. This amount is increasing rapidly and expected to reach nearly 1 trillion USD by 2021. This is a very fertile land that the big guys are exploring over the years on the regular online internet platform.
LBT is a pure coin that is generated and used to trade transactions and as a means of payment between the player and the player, the player and the dealer or vice versa. Regardless of the revenue of the Bet industry is indeed huge and has no limits (you can lose too much in games after games), the users of LETBET have the following advantages:
FREE
TRUSTWORTHY (because it is operated directly by Blockchain — not by servers so it’s never dead)
PRIVATE AND SECURE 100% with an encrypted private key
ANONYMOUS FEATURES (unlike ICO or other platforms, you never have to declare personal information for identity authentication)
FAST ( about 2–3 seconds you can see the results of the game — fast as much 40 times as other competitors in the market) — A BIG DIFFERENCE!!!
TRANSPARENT (you easily can test the results by looking at the code from the Transactions after each game)
III. ICO SUMMARY
Name: Letbet — LBT
Total supply of Letbet: 199 million coins
Released inICO: 90 million, the price is divided into stages as shown above
Pre-sale time: 7am on January 20th and end at 7am on 14/02/2018
+The amount of LBT sold in Presale: 20,000,000 LBT
+LBT sale price:
The first 35% is $ 0.4
The next 35% is $ 0.5
The last 30% is $ 0.6
+Minimum Purchase: 200 LBT Max Purchase: 50,000 LBT
Public ICO time: from February 25 to March 26,
+Number of LBT sold in ICO: 70,000,000 LBT
+LBT sale price:
The first 20% is $ 0.8
The next 20% is $ 0.9
The next 20% is $ 1
The next 20% is $ 1.2
The next 10% is $ 1.4
The last 10% is $ 1.5
+Minimum Purchase: 50 LBT
+Max Purchase: 20,000 LBT
Future plans:
Around April 2018, LetBet will put LBT on internal exchange
Around June 2018, LetBet will put LBT on external exchanges.
IV. LETBET’S LEGAL ASPECTS
It is legal for a bookmaker to join LETBET.
A bookmaker can join LETBET provided that he has the licence to operate as a bookmaker. In other words, LetBet is like a ride-sharing platform. LetBet will provide a platform to other bookmakers but those bookmakers must individually apply and obtain the relevant licences from their own countries from wherever they are operating.
It is legal to operate the individual games.
If a bookmaker’s country has permitted him or her to operate certain types of gambling games then he can surely tell LetBet and LetBet will arrange all the necessary tools in order to facilitate the bookmaker.
A developer can join LetBet as a developer and develop different games on the instructions of different bookmakers as well as LetBet but he or she cannot join the platform as a bookmaker without a licence again.
V. LETBET TEAM
The core team has good profiles with years of working experience. There are also more than 12 developers, designers, UX experts who are working tirelessly on the LetBet BlockChain and Betting Platform to bring the best experience to the customers.
VI. CONCLUSION
In my opinion, this is a good project with new ideas and goals. You guys can check it out here:
Whitepaper: https://static.let.bet/whitepaper.pdf
Website: https://let.bet/
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2683151.0