AltBet

Mutual betting is widely adopted in gambling and applied to horse racing, greyhound racing and sports betting. Altbet is the first platform that combines this model with blockchain technology, what allows to benefit from the advantages of own cryptocurrency. In the long-term perspective, Altbet aspires to become world’s leading online mutual betting platform.

We do believe that having the best product / best offer is the key. Our team is planning to offer perfect platform for mutual betting and gambling which will be fully transparent thanks to our custom provably fair system. Altbet platform is and will be one of the kind.

• E-SPORT BETTING
• MARKET BETTING
• SPORT BETTING
• SPECIAL EVENTS BETTING
• CUSTOM GAMBLING GAMES
• 0% FEE ON OUR GAMES
• CUSTOM PROVABLY FAIR SYSTEM
• FULL BETTING ANONYMITY
• HIGH END DEVELOPMENT
• OWN CRYPTOCURRENCY

The main goal of Altbet (ABET) is to achieve a decentralized sustainable cryptocurrency with near instant full-time private transactions. ABET is planned to be the only one cryptocurrency at our betting platform.

The online gaming casino industry is valued at USD 45,860 million and is expected to grow to USD 56,000 million by 2018. Each year, more and more market share of that goes to cryptocurrency gaming solutions. We are here to provide these solutions to the masses all over the world so we created what will be the best union of betting platform of online games with a cryptocurrency that has other rewards such as masternodes and staking so you can have more number of possible income when working with this currency.

Altbet.io is a revolutionary online mutual betting platform based on our original cryptocurrency that allows you to place bets on your favorite betting sectors with the altbet coin (ABET) and in consequence, to rapidly multiply your crypto-wealth.

Our platform is a perfect reflection of our philosophy stating that less is more - we would like to assure you with the simplicity and transparency of the whole project and provide you the complete understanding of the Altbet road map.Therefore, please let us introduce you to the mechanism of the platform’s operating principles.

• Bets: are placed against other users in a pot, and wins are distributed between winning players. Since players bet against each other, not against the altbet platform, the betting multiplier changes dynamically depending on amount of altbet coins in the bank and bets made by other users. We created Altbet platform to bring you as much pleasure as possible, therefore please be ensured that you will be irritated neither by any ads, images, pop-ups nor by other annoyances commonly occuring on similar services. In addition to the mutual betting, the platform will please you with diversified live games such as: roulette, masternode lottery, penalty kicks, dice and coin flip. The list will be regularly enlarged, as we would like to make a constant progress and extend the offer of provided entertainment opportunities.

Mutual betting is widely adopted in gambling and applied to horse racing, greyhound racing and sports betting. Altbet.io is the first platform that combines this model with blockchain technology, what allows to benefit from the advantages of own cryptocurrency. In the long-term perspective, Altbet.io aspires to become world’s leading online mutual betting platform.

Altbet.io will facilitate betting on a broad range of categories including:

• Sports: all types of traditional sports are covered such as football, basketball, tennis, hockey, american football, basketball, rugby, handball, combat sports and cricket.(Bettings will be launched on the platform at early QIV, 2018.)
• Esports: most popular games in the esports scene - you will be able to bet on your favourite players or teams in games such as counter strike global offensive, dota 2, fortnite, overwatch, pubg, league of legends, call of duty WW2, hearthstone and startcraft II. (Bettings will be launched on the platform in early QIV, 2018.)
• Markets: popular cryptocurrencies prices based on live markets, which will allow you to learn how to trade in an easy way and in a low risk environment.(Bettings will be launched on the platform in QI, 2019.)
• Special events: miscellaneous predictions about political, social, commercial and many other events, e.g. Germany’s next President, Conor McGregor’s next opponent, a list of potential summer transfers in European football, etc. This is the newest concept and therefore we would like to reserve the right to modify it before the official release. (We will keep you informed about the launch of the bettings.)

The live games

• Dice: Dice is one of the most popular random games available online. The game originated from the small throwable objects with multiple resting positions, used for generating random numbers. You need to challenge yourself, assess the risk, adjust the stakes and chances proportion. The numbers used for roll outcomes are generated randomly. For your convenience, you may start playing without taking any risk - in order to do it, just set your bet amount at 0 and roll the Dice to see how it works. Once you feel comfortable, you can always use your ABET coins to entertain and enrich in the same time.

• Roulette: In this game, you may bet on either red, black or gold pocket placed on the classically and beautifully designed roulette spinner animation. There are 30 pockets on the wheel colored as follows; 14 red, 14 black and 2 gold. You may either double your capital, if you land on red pocket or black pocket, or you may multiply your crypto-wealth even fourteen times if you luckily hit the gold pocket. Moreover, if you would like to have one hundred percent of certainty that your hit will succeed, you are freely allowed to bet on all of three colors in the same spin.

• Penalty kick: This highly interactive and emotional game will allow you to feel like one of the leading world’s football strikers and to shoot the penalty towards goal, in one of three possible directions. The multiplier of the win is x 2.5 and the chance of winning is always 40%, regardless of which direction the ball will be shot. In the near future we sincerely plan to implement 2 additional levels of the penalty kick game – advanced level and expert level. On the one hand, each of these levels will intensify the risk and expect from the player to represent more superior skills, but on the other hand, the reward gained for each win will be significantly multiplied.

• Coin Flip: This game is not commonly perceived as a live game, but we would like to include it in the entertainment offer in order to share a tool which increases the benefits of being a masternode holder. At launch, the masternode lottery is predicted to occur only in the form of the lottery on the Altbet platform.The masternode lottery will constitute a simple script which, every 24 hours, will pick one winner from all the masternodes online within the altbet network. Winning prize is 30 ABET (altbet cryptocurrency). We strongly consider to improve this script in future in order to to make it more advanced, but we believe simplicity is the right way at the beginning of the project.

• More live games: The following games are already in development and are planned to be released by the end of the year - slot machine, rock-paper-scissors, jackpot, blackjack, crash and much more. Our roadmap and white paper will continuously be updated with progress of our new games once they will proceed. Having an active and engaged community is important to us at Altbet.io. With this in mind we are keen for the community to propose new games and ideas they wish to see incorporated into the platform. Should any of these ideas be realised, the proposing party will be generously compensated.

PROVABLY FAIR

AltBet is a very legal and transparent platform in what it does and therefore they have decided to include the algorithms and the programming language as they develop the games in order to have more transparently the gameplay and the money invested in the platform since you will be able to discover your bets so you do not lose your money as a scam since there are many betting platforms where only the money is stolen, but AltBet solote demonstrates each step it takes and shapes the public to be legal and transparent in its development.

Let's talk about the currency

Price sustainability
We cannot negate that the attraction of the investors is important for us, as the external capital and the investment in the project surely lead to success of the cryptocurrency. Please let us clarify that “success” means for us mostly the longevity of the Altbet project. As software people and investors in miscellaneous projects, we fully comprehend that the decision of investing the capital into the market of cryptocurrencies should be absolutely thoughtful and preceded with dozen of researches, considering the potential of particular cryptocurrency, possible risk and many others aspects. Therefore, in contrast to our competitors, we would like to provide you not only with the pure pleasure of risk, but also with the pure pleasure of certainty. Hence, regardless the current market, the ABET coin jointly with Altbet.io platform constitute certain and constant increase of the project’s value. Please let us illustrate this by an example. Bets on a particular game are 0.0008 BTC per turn and this amount is subsequently converted into ABET currency. It means that the player shall deposit an equivalent of ABET based on the current ABET/BTC exchange rate to place the bet. Therefore, if the prevailing market price is 0.0004 BTC per 1 ABET (pre-sale average price), then the player, in order to play a game, shall deposit 2 ABET coins. However, if the prevailing market price is 0.00002 BTC per 1 ABET, then the player shall deposit 20 ABET coins to place the bet. The above mentioned calculation will be automatically performed on the platform, based on the prevailing BTC/ABET market rate.
Masternodes
Masternodes may be described as the backbone of the ABET. It literally means that they are essential nodes on the network, running the same software wallet on the same blockchain protocol, which provide extra services and features to the network and users. The purpose of masternodes in the ABET network is transaction processing and on-going assistance during the process of new blocks’ creation. In this way, masternodes receive block rewards. Altbet coin enables you to possess your own masternodes, what, in consequence, guarantees you will be granted not only with a part of the block reward, but also with a privilege to obtain an access to selected games and events. It is undoubtedly a bonus in exchange for the contribution to the
development of Altbet platform. Please let us explain you in detail how the process works. Masternodes are placed in the ranking. The masternode placed first in the ranking gains a reward equal to 80% of the block reward. After the particular masternode is granted with the above mentioned reward, it is automatically relocated to end of ranking. These inducements significantly encourage uninterrupted connectivity in order to sustain a high-performance network. In this way, not only you have an opportunity to grow your investment and capital, but also to support the development of the network.
Premine & Project funding
Altbet.io will distribute the coins in order to cover the initial launching costs of placing the project into the market. The numbers provided below present a fair and equitable distribution of coins, which will be initially allocated to fund the project, with the maximum supply of ABET capped at 21,000,000. We decided to pre-mine 1% of the total available supply which is exactly 210,000 coins. Masternode collateral is 1,000 coins which price will be distributed in three phases at presale. First phase contains 20 nodes for 0.3 BTC each, second phase contains 25 nodes for 0.4 BTC each and third phase contains 25 nodes for 0.5 BTC each.

For your convenience, the initial premine coins will be distributed in the following way:

• Public Presale (33,3% of total premine): Funds will be allocated directly to working capital for propelling Altbet into action. Below please find Altbet’s budget of presale funds breakdown. Size of Fund: 70,000 ABET
• Live games (33,3% of total premine) Funds will be allocated directly to the betting platform in order to enable the act of betting in live games category, as well as to enable the implementation of various contests and events. Size of Fund: 70,000 ABET
• Marketing & Promotion (19,3% of total premine) Fund Coins will be allocated towards marketing and promotional initiatives and actions. Size of Fund: 40,500 ABET
• Team Member Fund (7% of total premine) Coins will be paid out to Altbet team members, including developers, managers, and community engagement leaders. Size of Fund: 14,700 ABET
• Community Fund (5% of total premine) Coins will be allocated towards promoting community engagement activities, such as distributing bounties, airdrops, and coin bonuses to active members. Size of Fund: 10,600 ABET
• MISC Fund (2% of total premine) This fund is treated as the supplementary capital, securing the project from unexpected circumstances and additional costs. In the event of any surplus or unused coins, the MISC fund will be spent on further development of the project. Size of Fund: 4,200 ABET

AltBet plan for the future
Market Potential The market potential of our platform depends on each platform user individually. The more members and players use the Altbet Platform, the bigger bank-roll may be formed and, simultaneously, the higher is the limit of possible win on the Platform. The online gambling casino industry is valued at USD 45.86 billion and is expected to grow up to USD 56 billion in 2018. Every year, the market share which goes into cryptocurrency gambling solutions substantially increases. However, this growing industry characterises two major issues: transparency and price of the online gamble.

• At this point, online casinos are fully allowed to cheat without being spotted;
• At this point, online gamblers must pay deposit / withdrawal fees or wait for payouts and gamble on 10% - 15% house edge.

The actual offer and principles represented by existing online casinos are not in line with our vision of how this soaring market shall look like. We strongly believe that our Altbet platform is able to change it. Market Plan Thanks to several years of experience combined with passion and enthusiasm, we aim to create the best product with first-rate offer. Our team is planning to introduce a platform for mutual betting and gambling which leaves the competition behind with its fully transparent “Provably fair system”. Altbet platform is and always will be one of the kind. Below please let us introduce our main market principles and basics which differ us from the current offer recognized within the market:

• First mutual betting platform based on own cryptocurrency;
• Fully transparent platform;
• 0% house edge (casino’s profit) collected on selected games;
• Anonymous gaming;
• Extraordinary betting & gambling experience.

In the first stage of Altbet platform development, our target group are players who are already familiar with cryptocurrencies. Ultimately, we wouldlike to attract wider range of gamers from traditional betting platforms and casinos. After the successful presale, we focus on the product development, platform recognition and capturing market share from other cryptocurrency betting platforms and casinos. We expect the whole process to take from 7 up to 8 months. In a meantime, we plan to get a licence for the project. After the development of Altbet platform and licensing it, we are going to implement all necessary marketing strategies. All marketing efforts will be put in order to attract people to ABET cryptocurrency, boosting the overall popularity of cryptocurrencies and fair gambling. 0% house edge on selected games is recognized as a strong advantage for users of Altbet platform, on which they can find many other betting and gambling games. Some of these will be E-sports & Sports betting with only 3% commision fee Wallets

• Windows, Mac,Linux

Exchanges
RoadMap

Let's talk about the discord and AltBet

Let's talk about something that is equally important in a project and that is the participation of the project in the discord community since we know that it is fundamental to be in contact with the people and the developer, so it is good that this developer which I will present below upload all current news to work! As well as updates that come up from the project here you will find all of them in full so I will introduce you to this person since right now he also has coin giveaways and giveaways for users who support this project!

Contact us

• WEBSITE
• WHITEPAPER
• EXPLORER
• EXPLORER2
• WALLET
• TWITTER
• DISCORD
• GITHUB
• BITCOINTALK
• YOUTUBE
• MEDIUM