LetBet
LetBet aims to create a revolution in the online gambling industry.
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What is LetBet?
LetBet is a new project that is seeking a booming revolution in the online gambling industry. In the traditional gambling system, all players rely on the trusted third party. Very often, this third party turned out to be corrupt, which led to the biased result. Now smart contracts have replaced the third party that was previously necessary to run the game. A decentralized online platform is the right solution for a good and fair gambling system.
LetBet aims to create a revolution in the online gambling industry. Our goal is to create a platform that creates an innate confidence in a game (the view of the players), rewarded (view of the developers) and fair gambling (the view of the service providers) through a decentralized system allows system becomes smart Contracts are replaced by blockchain semantics in a trustless, limitless, secure and fast online gambling system that benefits everyone.
VISION
Provide a trusted, limitless, secure and fast online gambling platform with Blockchain support.
End users (players) are central to the LetBet system. Therefore, all game would be written in the smart contract where nobody could control the game. We offer a fair and sufficiently random game for each player.
Both the players and the regulators watching the gambling industry are facing different perceptions and views.
Illegal tax avoidance is one of the reasons why many countries do not approve of the gambling industry
Player recognition is the other problem. It's hard to understand when playing with a real person, especially if it's a game played from a different location
Safety factor. Now all online gambling service providers are working through the centralized computer network. If anything happens or a hacker incident occurs, all private confidential information, bank account details and user
funds are lost Remotely played games make a big trust gap between players in online gambling
One of the biggest problems of online players is the deposit and withdrawal of money. These issues are caused by legislation that provides for low transfer and money limits on players' Fiat cards
All online gambling providers are interested in the detailed information about their players. They should provide their system with maximum security and protect it against various fraudsters, hackers and unauthorized intruders. Thanks to the LetBet system, it is impossible to hack the blockchain system provided by the intelligent contracts.
There are situations where the server shuts down. In this case, the player is dependent on the host because he must start a rigorous process to ensure the reimbursement of his game
Solution
The LetBet project is named above. LetBet is:
A trustless platform
Do not trust the platform, everything is written in the smart contracts
A secure platform
No-one has access to your wallet. Own the private key for your wallet and store it on your cloud-based server, which is completely managed by you
A Zero Privacy Platform
All you need is a wallet
A transparent platform
Everything is transparent. From your deposit until the game time
A fast platform
Fast transactions and service delivery are always available
An Anonymous Platform
Do not worry about trust. They are completely hidden from the internet
A Reliable Platform
With Blockchain technology and the decentralized system, you can play without stress, corruption or interference by third parties
Sports Betting Game
LetBet's online gambling system gives players the opportunity to get involved in existing platforms or to play a number of sports betting games.
LETBET PLATFORM EMPOWERS 3. PARTY GAMES
With the LetBet online gambling system, players have the opportunity to get involved in existing platforms or to play a number of sports betting games. Platforms like Bet365, William Hill, BetFair are the players who know our platform
New game is available on deck
SMART CONTRACT SLOT MACHINE
Written on smart contract that will ensure the parties' gameplay in a typical gaming system. Our intelligent contract is fair and open and can be reviewed at any time.
WHAT MAKES THE GAME UNIQUE?
The Fiat-based jackpot slot machines are often referred to as a one-armed machine because a lever is often used. This makes it possible to influence the score and to keep the player impoverished. But with the LetBet system, you play on an open source code platform where all your winnings are added to the jackpot.
New Games Coming on the Platform
ROULETTE GAME POWERED WITH SMART CONTRACTS
Similar to the slot machine, our roulette wants to be written on a smart contract. The user could quickly read the source code and audit the business logic of a particular game.
Initial Coin Offering (ICO)
The LETBET solution as a platform
What the LetBet team has brought to the table in the way of eliminating or tackling the existing problems as identified above, especially those unique to the online gambling industry. FREEDOM AND FLEXIBILITY FREEDOM AND FLEXIBILITY - an online betting platform that is conducted through smart contracts rather than on a centralized network of computers. ANONYMITY - Every player plays with his / her level of expertise and not as a result
The LETBET Product Achitecture
P2P SMART TREATY
Unlike others, it is not just a P2P Smart Contract-based game, but one that is specifically tailored to the online gambling industry while supporting third-party gambling and end-users (players).
With our P2P Smart Contract, from the time the game was started to the point where your results are seen and money left over, you remain anonymous and secure with an intelligent contract with the Blockchain system.
The LETBET game user flow
Seamless game flow
Enjoy the seamless flow of game activity without the usual disruptions. With your concept, all you have to do is browse through the game, select it, activate your wallet, make a deposit (via a smart contract in seconds), play and end the game, and then withdraw your money anonymously into your wallet. LETBET Game User Flow
Coin distribution and fund allocation
Coin distribution
A total of 199 million coins will be distributed in the following order:
50% coin is issued in ICO.
15% coin is reserved for third party developers.
LBT will hold 15% coin
20% coin will be used for audit, bounty, affiliate program
fund allocation
30% for platform development
20% for the development of bets
20% of marketing, legal and professional costs
20% of a reserve allocated
10% of the operation and other costs
roadmap
TEAM
Written by: burut
Bitcointack Url: https://bitcointalk.org/index.php?action=profile;u=1700247
Lbt: 0x3C95FFFd34e24E0d143cFEAec34BfB7Af3Fc70f3
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