Decent.Bet Analysis ($DBET)

in #decent6 years ago
The following is not financial advice.

Welcome to back The Scoop!

This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin by focusing on evaluating instead of predicting.

What is Decent.Bet?

It's a sports betting and gambling platform with no native fees. It's initial focus is on slots, but craps, roulette and oother games will be added as the platform progresses. There's also a charitable initiative called Decent C which donates a portion of founder's profits each quarter to charitable causes. They want to be Vegas in your living room.

Check out the FAQ for more on how it works:
https://www.decent.bet/faq

Their roadmap is rock solid.

Where's the wallet?

https://github.com/decent-bet/dbet-wallet

Along with the whitepaper:
https://www.decent.bet/whitepaper/

How many of them are they?

CMC says ~91m circulating with a total supply of 150m.

Who's the team?

Fully staffed from leadership to ops, marketing, blockchain and developers.

Profiles for the team:
https://www.decent.bet/#team

They provide frequent updates on their YT channel:
https://www.youtube.com/channel/UCItUzfVU_mlZsU9FJegg3LA

What motivates them?

If nothing else, the 18% time-locked founder's share.

Marketcap and Competitors?

~44m cap with just under ~200k volume.

Similar projects or target industry...

  • Edgeless -> ~219m
  • Wagerr -> ~135m
  • Footy Cash -> ~9m

How is DBET different?

It looks setup to be a successful project from the start. Listening to the team talk about the project, it really does seem like they got their stuff together and care about the success of the platform.

Pros

  • great team
  • communication
  • dedication to roadmap
  • security awareness
  • clear vision

Cons

  • competition
  • marketing

Any constructive criticism?

More information on the developers would be helpful.

Where is it traded?

Cryptopia currently provides the most volume.

https://coinmarketcap.com/currencies/decent-bet/#markets

The Final

Based on the FA, DBET looks like a low to medium risk with high reward potential if they continue to deliver on the roadmap and pick up on user adoption. Picking it up under 3k sats would be bargain or around $1 - $2 would be an upper entry while still expecting solid, crypto-style gains.

And that's your scoop!

Nobody is perfect. See anything I didn't quite get right, or needs correction? Please let me know!
Remember, absolutely NOTHING you read on this blog, twitter or otherwise content anywhere on the Internet by the authors is financial advice, so DYOR and be responsible!
One more time in case you didn't see the first two: this is NOT financial advice! Also, The Scoop authors may hold coins discussed here which may creates some bias, but we try to be fair.

Coin Marketplace

STEEM 0.17
TRX 0.12
JST 0.028
BTC 55938.98
ETH 2932.42
USDT 1.00
SBD 2.21