Let's set to create a revolution in online gambling industry.Our aim is to create a platform that creates an innate trust in a potentially corrupt system for one to win a game (players 'view), get rewarded (developers' view) and fair gambling (the service providers' view) through a decentralized system is replaced by smart contracts through blockchain semantics in a trustless, borderless, secure, and fast online gambling system that benefits all.
In a typical online gambling system, players rely on a trusted third party to carry out the game. But with LetBet's concept, there is no need for trust, because we believe that a third party is potentially corrupted would result in a biased outcome. Smart contracts that the game developers, referrers and operators of independent platforms necessary for the game discovery - now replace the trust a typical player had in a third party. The gambling industry, as a whole, has stagnated and the online gambling segment would likely not be much different.
A major solution to a fair gambling system is a decentralized gaming platform. The LetBet team hopes to champion a system by employing technological know-how to address the perceived issues in the industry.
This segment will focus on assessing the online gambling industry together with online betting industry.
The online gambling industry consists of many business models and technologies, which include:
1. Sports betting: Betting on sports event (soccer, horse racing, hound racing e.g.)
2. Online Poker: Service provider receives profits from wagers.
3. Casino Games: Slot machine and roulette which are operated in a manner similar to a traditional land-based casino.
4. Online Bingo: Online version of the ageold game
5. Online Lottery: Same as regular Lottery, but operated online.
In spite of the significant growth of the online gambling industry, early issues that made some countries to accept, and the others to reject the idea of online gambling, still lurk within. These have, over time, formed to major a problem faced by the industry. Some of them are highlighted below:
1 CONCEIVABLE ISSUES
2 ILLEGAL TAX AVOIDANCE
3 PLAYER DISCERNMENT
4 SECURITY
5 TRUST
6 SLOW
7 UNRELIABILITY
LETBET Solution As Platform
What team LetBet has brought to the table by eliminating or resolving existing issues as identified above, especially those unique to the online gambling industry. ANONYMO - Every player, playing only with their level of expertise and not as a result of previous knowledge about the game FREEDOM AND FLEXIBILITY - online gambling platform that is done through smart contract and not on centralized computer network.
LETBET VISION
TO PROVIDE A SEAMLESS, SECURE, AND SECURE NON-SECURE ONLINE GAMBLING PLATFORM SUPPORTED BY BLOCKCHAIN.
The end user (player) is the central LetBet system. So all games will be written in smart contract, where no one can control the game. We provide fair and fairly random games for every player.
Our platform extends to developers interested in bringing their business models through our platform; and bets to join and build a new online gambling platform that is powerless, seamless, secure, fast and supported by blockchain.
And the most important part is that our blockchain is not limited to online gambling, but it can be used for many other purposes. This, like all other blockchains, is a completely open source, hyperledger free and secure that can be used to accommodate various other products.
1. POKER
2. CLUB
3. GAMES BETTING
4. BINGO
5. LOTTERIES
6. UK NATIONAL LOTTERY
7. HORSE RACING
8. MOBILE GAMBLING
9. IN-PLAY BETTING
10 ADVANCE STORE WAGERING
Website: https://let.bet
Telegram: https://t.me/LetBetCoin
Facebook: https://facebook.com/letbetcoin
Twitter: https://twitter.com/LetBetOfficial
Github: https://github.com/letbetcoin
LinkedIn: https://www.linkedin.com/company/let-bet/
Medium: https://medium.com/@letbet
author: ALEX789
profile: https: //bitcointalk.org/index.php? action = profile; u = 1653045
eth: 0x5f5f506A001A179b8eE67214a7754Bfe04ffadE0
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