LETBET-THE FUTURE OF ONLINE GAMBLING


LetBet is an online gambling platform that aims at providing a trustless, borderless, secure, anonymous and fast online gambling platform with zero fee, seamlessly for all participants in a typical online gambling system powered by the LBT blockchain.
Let Bet is set to create a revolution in the online gambling indsutry. 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.
*VISION*
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.
*The LETBET Product Achitecture*
P2P SMART CONTRACT
 
Unlike others, it’s not just a P2P Smart Contract-Based Game, but that which is customized to suit the online gambling industry in a way that will simultaneously service third party online gambling developers, and the end-users (players).
*The LETBET Game User Flow*
Seamless Flow of Gaming 
Enjoy the seamless flow of gaming activity without the usual disruption. With our concept, you only need to browse the game you want, choose it, activate your wallet on it, make a deposit (through a smart contract in seconds), play and end game, then withdraw your funds to your wallet anonymously.
*Sport Bet Game*
With the LetBet online gambling system, players would also have the ability to get involved with or play a range of sports betting game on existing platforms.
LETBET PLATFORM EMPOWERS 3rd PARTY GAMES 
With the LetBet online gambling system, players would also have the ability to get involved with or play a range of sports betting game on existing platforms. Platforms such as Bet365, William Hill, BetFair are the ones players can get on with on our platform.
*New Game Is Available On Platform*
SLOT MACHINE GAME POWERED WITH SMART CONTRACT 
 
Written on smart-contract, which will ensure that our random numbers cannot be predicted by any of the parties in a typical gaming system. Our smart contract is fair and open and can be audited anytime.
WHAT MAKE THE GAME UNIQUE? 
The fiat-based jackpot slot machine is often referred to as the one-armed machine because one lever often operates them. This makes it possible to exert influence on the game outcome leaving the player impoverished. But with the LetBet system, you play on an open source code platform, where all your wins are added to the Jackpot.
*New Games Coming on the Platform*
ROULETTE GAME POWERED WITH SMART CONTRACTS 
 
Similar to the slot machine, our roulette will be written on a smart-contract. The user could quickly read the source code and audit the business logic of a particular game.
*The LETBET Solution As Platform*
What the LetBet team has brought to the table in way of eliminating or tackling the existing problems as identified above, especially those unique to the online gambling industry.
*LETBET DECENTRALIZED SYSTEM ANONYMITY*
Every player, plays simply with their level of expertise and not as a result of prior knowledge of the game.
FREEDOM AND FLEXIBILITY – an online betting platform that is conducted through smart contracts rather than on a centralized network of computers.
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 a smart contract, where no one can. We provide fair and fairly random games for every player.
Our platform extends to developers who are interested in taking along their business model 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 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.
*Unique LetBet concept – SMART P2P CONTROL*
Unlike others, it’s not just P2P-Based Smart Games, but tailored to the online gambling industry in a way that will simultaneously help third-party online gambling developers, and end users (players).
With our P2P smart contract, ever since the game started, to the point where your results are seen and the funds sent, you remain anonymous and secure through a smart contract with a blocking system.
The online gambling industry consists of many business and technology models, which include:
* Sports betting: Betting on sporting events (football, horse racing, hound racing for example).
* Online Poker: Service providers receive the benefits of betting.
* Game Casinos: Slot machines and roulette operated in a manner similar to a traditional land-based casino.
* Online Bingo: Online ageold game version.
* Online Lottery: Same as regular lottery, but operated online.
Key vendors in the Online Gambling Industry include: 888 Holdings, GVC Holdings, UniBet groups, William Hill and many others, operating from traditional business models. According to statistics, William Hill is a market dominator in the UK with a 15% market share.
*GAMING ONLINE PROBLEMS*
Despite the significant growth of the online gambling industry, the initial issues that some countries accept, and others deny the idea of ​​online gambling, are still lurking inside. This, from time to time, formed into a major problem facing the industry. Some of them are highlighted below
*CONNECTED CONCEPT PROBLEMS*
The online gambling industry is filled with the many perceptions and views of both players and regulators who closely watch the industry. Some of these perceptions will be discussed below, as well as how LetBet will fix the problem with the introduction of our peer-to-peer system, eliminating unfair and questionable belief systems.
*ILLEGAL TAX AVOID*
Illegal tax evasion is one of the reasons why some countries refuse online gambling, especially those with no mechanism to monitor or unwilling to check the activities of the online gambling industry.
Similar to illegal tax evasion claims, some see the online gambling industry as a means to easily launder cash.
*PLAYER EXAMINATION*
Player sharpness is another problem in the online gambling system. The sharpness of players mostly occurs in games played from remote locations. A player, playing games with other players he does not see, may doubt whether he is playing with a real person.
Players communicate with others through the GUI, which interacts with complex betting site servers. For the main reason that players from the end have no trust from other players on the other side, is the reason that makes players differentiate significant problems with online gambling, with every player having the perception that they are being manipulated.
In an online study of 10,838 online clubs and poker players, more than 96 respondents in the country expressed unusual amounts of doubt in online betting.
*SECURITY*
Security is an important part of the challenges faced by the online gambling industry. Traditional online gambling providers operate through centralized computer networks. The main problem with this method is: when there is a system hacking incident, users will lose their money including information relating to bank account details and other confidential information. Despite the fact that security platforms evolved from the client and server side to improve the level of public security through the internet, vulnerabilities with centralized online gambling administration methods make it difficult to obtain error free systems. This is one of the major loopholes that LetBet’s system aims to plug to revolutionize the online gambling industry.
*TRUST*
The online gambling industry works through code generated from close-source systems. A group of developers can change the code inside the system.
Reasons like this are evident for games like poker, where both sides start and play games remotely to make confidence matters important in online gambling.
Payment: Deposit and Withdrawal is always a big problem for players. Payment issues have long been an issue of online gambling because the law imposes very low transfer and deposit limits on fiat cards. There is also another situation where a claim is filed against the defaulters. Such issues are positioned to be eliminated from the industry with blockchain-powered online bets.
We are proud to be an Enabler of Change in this industry by building the next generation of online bets that focus on the end user (Player) and not the provider’s services. While we will provide platforms on smart contracts with other third party developers to take advantage of, the ultimate goal is to ensure decentralized systems where there are obstacles and central authorities.
*OFFER PLATFORM LBT*
eliminated, and where players will enjoy a fast and secure online gambling experience. By creating new blockchain actions, based on the Ethereal protocol, with special features to meet Online Gambling requirements, we believe that we can remove the risks inherent in the current system by making it decentralized, transparent and helpless.
technology, information sharing and data Transmission is not enough to meet the needs of online gambling Consumers online gambling will require more P2P combat platforms, open, decentralized and not confident.
Players often look for platform bets that are not open to their identity, in countries where online betting is illegal and prohibited. People often seek freedom in online gambling that meets the peer-to-peer protocol.
One of the past peer-to-peer solutions and can be transferred without
Third party involvement is the Bitcoin network.
LetBet will not be updated LBT (Let Bet Token) for its tin team but will allow third-party developers to take advantage of opportunities on platforms with or without their business model with a centralized goal that is decentralized and does not require online needs.
gambling industry With the gambling industry becoming global and increasingly connected, more and more companies are leveraging the power of the internet to find new customers around the world. Most traditional gambling providers are active and innovating around the web to provide gambling solutions. However, the Central Protocol, slow, weird-based trust For online gambling is something that is alarming and needs immediate attention as we enter the industry boom coming in 2021. If industry has to reach the boom , it must adapt to internet 3.0 which, in other words, hide the protocol’s blockchain.
As a result, the LetBet team is currently developing a platform that will create a
The paradigm shift in the online gambling industry is set to bridge in the above. After ICO, LetBet will be incorporated and run an online based bet platform that will
supported by the blockchain system.
Satoshi Nakamoto announced Bitcoin Whitepaper on October 31, 2008
the title of “Bitcoin, A Peer to Peer Electronic Cash System” where it / they transfer system transfers decentralized.
Each network participant is a relevant stakeholder; where being transferred between two parties without having to create a trust relationship has changed the way it is acquired and shared with the help of a decentralized minister of a powerful system.
ICO Details
 
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* Total LetBet coin (LBT): 199 million coins.
* Released ICO: 90 million, the price is divided into the stages as shown above.
* Status on the trading floor: 100% on the international trading floor.
The leading units in ICO circles are evaluating the model and idea of ​​product development pretty good. Not only one unit but also up to 4 ICO rating units are lead ICO information, icobench, ico marks, ico Alert Bitcoin Talk forum is also very hotly discussed about this ICO.
ROODMAP
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TEAM
 
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Author by: thiokoentjoan123

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