The Internet has given a new life to the game -LET BET

Life is a probably a lost Gamble. In the end, everyone dies. What happens in between is a drama we all like to hear about. Human as a species has always tried to use its intelligence to reduce the effort required in completing a task. The wealth creation has been one of the most important aspects of human life as evident from the current nature of World. People spend a large part of their lives in pursuit of wealth and in many cases utilises the shortest yet most dangerous way possible. The betting and Gambling seems the easiest way to lose your money yet people are prone to gambling. Though banned in many countries, it has a variety of forms and spaces to exist in today's digital world.

The Internet has given a new life to the game and reaches to the global audience. The gambling is building a massive online presence but they are not alone. The online gambling market is estimated to be one trillion dollars by 2021. But the current online gambling platforms are facing the risk of data hack given the centralised system of operation. They are affected by many challenges that are difficult to address given their current ecosystem and nature of the operation. The privacy of the users on the platform is another serious issue. The speed, reliability and transparency of the current online gambling platform lack trust among users. Today, the need for a revamped gambling platform is at the peak.

SOLUTION OFFERED

LETBET is here to offer decentralised gambling platform based on the blockchain technology. The data privacy of the users is the most important aim of the platform. The cryptocurrency enabled platform allows anyone to join the platform and verify themselves to start gambling. They are offering a fast, secure, private, transparent and borderless platform for betting and Gambling industry.

Users remain anonymous on the platform and can manage their personal information securely. They have laid out the future roadmap of the LETBET. The team at the LETBET believes that decentralization of the gambling industry is the only solution which will sustain the growth of the market. The trust and reliability in the market will be achieved through the Blockchain technology.

ICO INFORMATION AND TEAM

The platform requires public support for the development of the application. The ICO is conducted for the public to be part of the Group. 20 million LBT Tokens are available in the presale which is currently live until 14th February 2018. The main ICO will have 70 million Coins for Public which will start from 24th February 2018 and continue until 24th March 2p18.

The funds will be utilised for the development of the platform and marketing and Promotions. The team behind the platform is optimistic about the future of the platform. They believe that Decentralization will help realise the true potential of the online gambling market.

CONCLUSION

The Gambling market is filled with problems of reliability and trust which affect the growth of the industry. LETBET Believes that blockchain technology can be the biggest change in the industry. The P2P smart contract enabled gambling platform allows security and transparency on the platform. To start playing the game, you have buy tokens and participate on the platform. Nothing good ever came from looking for problems but finding solutions to the growing problems is key to the growth. LETBET has tried to design a sustainable platform equipped with the latest technology to mitigate the current situations in the online gambling industry.

I think that they are ready for the overhaul of the current Gambling industry with the introduction of the platform. Third Party and service providers can utilise the capabilities of the LETBET platform to develop their industry solutions. The biggest advantage of the platform is user discernment. You do not have to disclose your location to be a participant on the platform and this allows the Global audience to participate in a different kind of Gambling, such as Poker, Lottery, Mobile Gambling, Horse Racing, In-Play betting etc.

The main competitor of the platform is FUNFAIR, TRUEFLIP and VDICE. What separates LET BET from all of them is that they are based on the Ethereum blockchain while LETBET is not. The Online Betting industry is seeing a massive rise in the number of users and this places the LETBET platform at the significant position to capture the market. So, are we ready to gamble?