Blockchain-Based Let.Bet Set to Detach Trust In Online Gambling

Online gambling has proven to be an extremely profitable and convenient affair, and virtually anyone with access to an internet connection and, of course, some money in their pockets, can tap into this goldmine. But as is the case for every human-designed system, the online gambling industry has been bedeviled by problems mostly hovering around questions of fairness of the games at the back of the minds of the end users (players).

There has also been the issue of trust; as players are oblivious of other players or the house, as they are mostly sitting alone at home. Also rearing its ugly head is another trust issue which stems from players not being put in the know regarding underlying game mechanics and random number generating systems to ensure that everything is legit from the get-go. It is problems such as these that has inspired Let.Bet’s vision to completely eliminate the ‘trust factor’ in online gambling through provision of a trustless, borderless, secure and superfast online gambling platform powered by blockchain.

There is also a question of the creation of a viable open project that can be utilized to build games for the gambling industry. And all these problems could well become a thing of the past with the application of a distributed ledger and a cryptocurrency which is precisely what Let.Bet stands for. Let.Bet is a protocol based on Blockchain technology designed for gambling applications.

What is Let.Bet?

If you ever desired a single holistic solution for online gambling that comprised of a myriad of services rolled into one, then that is what Let.Bet is all about. This blockchain-based, cloud-betting platform is set to transform the online gambling industry with amazing provisions which include random number generation and rewards generation, which are incorporated into the system with transparency built-in due to a cryptographically-verifiable code. Built on the core concepts of decentralized gambling, a 0% gambling edge and provable fairness, Let.Bet is set to take over. And there is not going to come a better time to hop on the bandwagon than now.

Let.Bet boasts a boundless P2P marketplace which provides a platform for game developers to bring games directly to the players and raise funds from the community for further development. The platform can also be exploited by developers to generate referral programs. And casino operators can get some piece of the action too because they will be able to use the Let.Bet protocol, which brings to the fore a bankroll backer and a randomness provider into the party. Players and casino operators alike can rest easy on the backs of proven fairness and transparency that is Let.Bet’s watchword. Significant freedom is also extended to game developers; as long as they can get a bankroller, they will be able to bring out a working product. Essentially, contributors get rewarded by the community-owned system.

Why is Blockchain Really Necessary?

 

The evolution of the Blockchain has since surpassed the birth of Bitcoins. And with blockchains came the possibility of implementing ‘smart contracts’ whose execution is fully automated against a set of independent and ‘self-verifying’ rules. Let.Bet’s ideology incorporates a system where at the end of every game, the result will be processed through a smart contract and payment will be distributed through an automated payment system that is powered by blockchain. The end users (players) are central to the Let.Bet system, hence, all games would be written in smart contract, where absolutely no one could control the game, providing for a fair and sufficiently randomized game for every player.

You Might Just Win With Let.Bet

Let.Bet will be launching a token pre-sale starting January 20, 2018 which will continue until February 14, 2018, or until the market cap is reached. The pre-sale is scheduled as follows; The first 35% LBT which will sell at $0.4, the next is 35% at $0.5, and the rest will be 30% at $0.6. The maximum capitalization (cap) is placed at $20M in coin, and this is the amount that Let.Bet wants to raise. But no minimum cap implies launching regardless of any condition. Using a token sale, a company or a group of people can raise money for an intended project by issuing cryptocurrency. In the case of Let.Bet, tokens will be released and by selling them to members of the public, Let.Bet will be raising funds for their venture. It will be wise to invest early as the discounts available to early investors mean more bet tokens for the same amount of money. Let.Bet’s intent is to encourage a compulsory vesting when it comes to tokens. Pioneers and contributors will have a vesting of two years with a six-month ‘cliff.’ A quarter of their tokens will mature half-yearly. This will bring in more transparency into the crowd sale as tokens will not pass into the hands of the founders all in one go. As for token distribution, a significant stake (nearly 70%) would be going to the public. After the conclusion of the crowd sale, Let.Bet intends to use the proceeds on these basis.

Players and game developers have a lot to gain from Let.Bet. While players benefit from fair and transparent games, casino operators can now shift to the trustless paradigm without necessarily rocking the establishment. Members of the public can partake of the token sale and be investors in the system itself. How it shapes up after the crowd sale and the traction it gains will be an interesting prospect.

MARKETING STRATEGY

Our marketing strategy includes policies that we have put in place to ensure that the vision of the LetBet team is achieved and attainable with the right target market. Our marketing strategy during and after the ICO is specific for each circumstances of raised fund as well as tightly close to the development Roadmap of the whole platform.

• Two main marketing activity phase 1

In the 1st Phase of Marketing, After Launching Stage and before the end of ICO- We believe that spending a ton of funds on advertising alone would be tantamount to improper utilization of resources. Instead adopting an Affiliate Program and channeling resources into it will help LetBet get adequate awareness easily and sustainably. Players and promoters are the two primary targets of our affiliate program, and the process is divided into two phases: the ICO & Post-ICO.

This program will end when ICO ends or when it run out of the predetermined number of LBT up for sale (10M LBT).

To become a promoter, you need to have proper contribution to build up the community, promote LBT as well as support us to create LBT network.

Loyalty campaign program will be counted on the result of the total game played at LBT game system. After each game, the system will accumulate the score and player can exchange these score into an equivalent amount of coin. The more you play, the more reward you can earn.

• Four main marketing activity phase 2

For Main Business of LETBET Plaform — During and after ICO to acquire users & investor:
In the 2nd Phase of Marketing activities, when the ICO end and the highest priority is user, LETBET invest our resources into the users acquisition.
+Refferal Program
+Partnership Networks
+Press Release
+Digital Marketing
The details of each channel will be defined as below table: 

The marketing Budget is defined as a certain percentage of the Raised Fund of LETBET. With the clear vision to focus on the product — LETBET platform, the efforts to acquire user as player, gambler… will be carefully calculated to reach goals and fully adapting into markets.

LBT TOKEN PRESALE STATUS

•  Round 1Start: First 7,000,000 LBT
  Total supply: 7,000,000.000 LBT
  Token price: $ 0.4+ 
• Round 2Start Next 7,000,000 LBT
  Total supply: 7,000,000.000 LBT
  Token price: $ 0.5+ 
• Round 3
  Start Last 6,000,000 LBT
  Total supply: 6,000,000.000 LBT
  Token price $0.6 

Coin distribution

Fund allocation

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

Join Us :

Website: https://let.bet/
Whitepaper: https://static.let.bet/whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2683151.0
Telegram: https://t.me/LetBetCoin 

Created by : semarm3sem

https://bitcointalk.org/index.php?action=profile;u=1723984 

LBT Wallet : 0x98ce8D26F1383EA8C856f053a2c429dC1Ed6D601