LetBet announces ICO to revolutionize online gambling LetBet will issue its cryptocurrency named LBT to enable a decentralized, trustless, and fast online gambling protocol powered by blockchain.
- ICO Time:
- 20.01.2018 - 14.02.2018
- Khoa Truong
- - Core Engineer
- Jitendra Rathod
- - Advisor - Content Manager
- Bill Healey
- - Casino Advisor - Business Development Manager
- Awais Bajwa
- - Gambling Regulation Advisor & Legal Services Director
- Aleksey Batishev
- - Online Gambling Advisor and European Expansion Manager
The issues within the traditional online gambling systems cannot be overemphasized, because they are numerous. Starting from game selection, the random number generation and the payout system of the industry involves a rigorous process which affects the player most. Problems such as this is humongous and complicated, especially for the industry has always been that way, and may possibly remain so without the interruption of a blockchain based online gambling system.
To provide a trustless, borderless, secure, and fast online gambling platform powered by blockchain.
The end users (players) are central to the LetBet system. Hence all game would be written in the smart contract, where no-one could control the game. We provide a fair and sufficiently randomise game for every player.
Our platform extends to developers who are interested in bringing along their business model through our platform; and bookmakers to join and build a new online gambling platform that is trustless, borderless, secure, fast and powered by blockchain.
And the most important part is that our blockchain is not limited to online gambling, it can be used for many other purposes. It is, like all other blockchains, a completely open source, free and secure hyperledger that can be used to host a variety of other products.