Introduction
Since humans know civilization since then humans have created games and gambling to fill their free time and to eliminate boredom and burnout. And along with the current technological developments gambling industry to switch online such as online casinos, baccarat, roulette, online poker, virtual sports and others. Online games or online gambling is a kind of computer game, which utilizes internet network and the like, or use current technology, such as modem and cable connection. The current online game offers different types of games, which can be easily played by people scattered around the world. And now the online gaming industry / gambling online experiencing a very rapid growth and thrives so that developers / developers in this industry get big profits. And this online game industry is one of the largest industries in the world.
Online gaming / online gambling can even connect players with one player to another, which is in different regions and even different countries. So with so the game will be more interesting to play. But do you know between online games and online gambling there are some cheats that are done by the bandarnya?Yes this cheating can be done by the bandar because the system and their servers are centralized. So this causes the possibility of gamers to get a profit opportunity from playing online games / online gambling becomes smaller. And for that a start ups called Letbet want to solve this problem using blockchain technology to make game play and online gambling more transparent. Follow the review of Letbet which is currently conducting ICO to support all these ideas and objectives.
What is LetBet ?
LetBet is a new project, which aim is to create a trusting environment in a potentially corrupt system, creating a booming revolution in the online gambling industry. In the traditional gambling system, all the players rely on the trusted third party. Very often this third party turned out to be corrupted, leading to the biased outcome. Now smart contracts have replaced the third party that was previously necessary to carry out the game. A decentralized online platform is a right solution to a good and fair gambling system.
What is the Problem Of Online Gaming ?
- Both players and regulators, who are carefully observing the gambling industry, face with numerous perceptions and views.
- Illegal tax avoidance is one of the key reasons why a lot of countries do not approve the gambling industry.
- Player recognition is the other problem. It is hard to understand whether you are playing with a real person, especially if it is a game, played remotely from the other location.
- Security factor. Now all the gambling online service providers work through the centralized network of computers. If something happens or if some hacking incident takes place, all the private confidential info, bank account info and users money will be lost.
- Remotely played games make a large gap in trust between players in online gambling.
- One of the biggest problems of the online players is money deposit and withdrawal. These problems are caused by the legislation put on a low transfer and money limit on the players’ fiat cards.
- All the online gambling service providers are interested in the detailed information, concerning their players. They are aimed to provide maximum safety to their system, protecting it from various cheaters, hackers, and unlawful intruders. Thanks to the LetBet system it becomes impossible to hack the blockchain system which is deployed through the smart contracts.
- There are some situations when the server shuts down. In this case, the player will be dependable on the host because he would have to start a rigorous process of ensuring a refund of his game.
How Does LetBet Work?
Basically, you have to acquire the tokens of the company, the LBT tokens, and you will be able to play the games on the online gambling platform. All the games use Random Generated Numbers and all the games are stored on the blockchain. You will even be able to use the block explorer of the company to check the blockchain personally if you want to be sure about the company’s legitimacy.The company has a great diversity of games that you can play on its site. You can bet on sports, play casino games, slot machines, roulette and other games. All of the results will be transacted via smart contracts.
You can participate in the affiliate program of the company too. This program will enable you to get a parcel of profits for referring people to the Let Bet site.
Features of LETBET
- Anonymity
- Security
- Freedom
Ico Information :
- Project name : Let Bet
- Token : LBT
- Accepting : ETH,BTC
- Soft cap : 3,000,000 LBT
- Hard cap : 84,000,000 LBT
- The first 20% : $0.8
- The next 20% : $0.9
- The next 20% : $1
- The next 20% : $1.2
- The next 10% : $1.4
- The last 10% : $1.5
- Min : 50 LBT
- Max : 20,000 LBT
Team
CONCLUSION:
The gaming market is full of reliability and trust that affects industry growth. LETBET Believe that blockchain technology can be the biggest change in the industry. P2P Smart Contracts allows the gaming platform to ensure platform security and transparency. To start playing games, you buy tokens and participate in platforms. Nothing good comes from looking for trouble, but finding a solution to a growing problem is the key to growth. LETBET has tried to design sustainable platforms equipped with the latest technology to reduce the current situation in the online gaming industry.The main competitors of this platform are FUNFAIR, TRUEFLIP and VDICE. What sets LET BET apart from all is that they are based on the Ethereal blockball, while LETBET does not do it. The online betting industry saw a massive increase in the number of users and this put the LETBET platform in a significant position to seize the market. So, are we ready to play?
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Author : Chusnul
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