Before reading your review on Let Bet ICO, you need to note the following important points:
• Letbet is the betting platform, gambling online. In the US where you live, it is up to the state and most likely to accept it. But if you live in Vietnam then this is illegal, so I only recommend that you store your coin as other types of altcoins, wait for the price and then sell. This is absolutely legal.
• Let Bet registration link: https://goo.gl/yYWQwk. If you open an account through your link ref for a commission, your account will be blocked
• In parallel with reading this review, you should open a Letbet account with the link above to check the system for let Let's close the registration. Recent ICOs are close to being crowded. (Eg Arcblock, Remme or Apex)
1 / Betting, Gambling online
Betting or Gambling online is no stranger to us. In fact it belongs to the field of entertainment, but the blood of gambling in each person has turned it into a huge industry. According to the market estimate is ~ 1000 billion dollars. This is a very fertile ground for companies specializing in gambling, online betting business.
There are many types of betting, different luck, the most popular are: football betting, horse racing, game betting, poker, bingo, ....
All are attracting the majority of participants, however, with the system of betting or casino online is still very limited, the two most known street limits are:
• Delivery time: Cash / Cash
Trust: Players are always suspicious of the house. Because with normal code lines, the house can always adjust the percentage as desired.
There are also some other obstacles to the traditional online betting and gambling system: personal information security, speed, strict management, ...
2 / About Let Let
I know Let Bet while looking for potential ICO to join & feel this is really a project with good technology team & have a very suitable idea for the era. Although there are some projects that go before, but Let Bet has many advantages.
They have four games available for the player: football, slot machine, guess the number & roulette. You can visit & see pretty many people are betting daily.
I especially like what ICOs are already available on the platform and already have users using that platform, which is what Let Bet attracted more investors than Cash Bet (another ICO on other open bets. Although Cash Bet has partnered with Arsenal
Many ICOs are just on a pie, with Let Bet a fairly safe project because there are always platforms, there are always products, people use the product. This is a plus for Letbet. (There are 4 games to play now)
Ethereum is open source, anyone can code Ethereum to become a source code for their project. (Not the foundation of Ethereum)
And Letbet re-code and make every transaction instantly, all tokens available, total 199 million coin. And the ratio will be as follows:
• 50% will sell ICO
• Dev will own 15%
• 15% will be available to game publishers.
• The remaining 20% will be for bounty, multi-level (referral program)
Let Bet is quite new, but the speed of sale pre-sale fast. Just a few days ago I saw the new sale only $ 3-4 million, now more than $ 10 million. According to the reason that investors are extremely interested in let's bet is: coming Worldcup
Letbet's market dominance is only 3% of the market share (3% of the $ 1000 billion is $ 30 billion), if successful, the LBT will cost over $ 400 / LBT. counting)
And ICO prices are now trading at $ 0.5 to $ 1.5 and it's still too cheap. Many think you raise $ 80 million is high but should remember this is a very fertile market & let's have the product, have users & express through clear numbers, not cake.
Some information about Let Bet that you can refer to:
• White Paper (very convincing): https://static.let.bet/whitepaper.pdf
• Github (Where to check code games to show transparency): https://github.com/letbetcoin
• Block Explorer: https://explorer.let.bet/
• Wallet: https://wallet.let.bet/
• Network Status: https://stats.let.bet
In terms of technology, I found myself completely finished, Let Bet created his own platform called Libertas (Code back from Ethereum but transaction fee = 0 and transaction speed