Decent.bet combines cryptocurrency and blockchain technology with an industry known for making the big money.
Before you write this one off as being just another bogus gambling platform, I think it’s worth it to take a better look.
What makes Decent.bet different is the fact that they take the old familiar casino games and sports betting and make strategic changes for the players benefit.
Before I continue you should know that Decent.bet has a no-profit business model.
This means that the founders only make a profit if the value of their token rises. Of the profit that is realized by the founders share of tokens, 10% will be donated to a humanitarian cause at the end of every session (so every quarter). The cause will be chosen by a community vote and a vote by the founders.
If you’re wondering why they would organize their company this way, you can check out their own youtube channel, called Decent Bet, where they explain that their motivations center around the fact that they’ve done well within the crypto space and they want to do their part to benefit others, and they enjoy gambling of course.
Every quarter DBET token holders are given the opportunity to use their tokens to purchase what are called DBET house credits.
These are essentially shares of the house.
At the end of every quarter 100% of the profits made by the house are distributed among holders of DBET house credits according to their percentage of the house.
With 5% being awarded to a randomly selected DBET house credit holder in their quarterly lottery. To be eligible for this lottery you’ll need to be a DBET house credit holder also holding at least 1000 DBET tokens
There’s a couple reasons why I’m bringing this one to your attention, both of which run parallel to my own philosophy regarding cryptocurrency.
In addition to being able to introduce many more people to the crypto realm, the Decent.bet team wants to provide a platform that allows people to overcome the barriers set by their respective governments by giving them a way to make money and a means to store it.
There’s no denying it, the world of gambling encompasses massive amounts of people, and there are many very successful gambling platforms that are reaping the benefits. However, they are not yet equipped with the transparency and verifiability that blockchain technology can provide.
The long term goals of Decent.bet include what are called White Labelled Houses.
This would allow gambling platforms- after being verified for authenticity and legality of course- to easily adopt what Decent.bet has built and provide it to their user base.
This is where I can see that Decent.bet has true potential for exponential growth and also can introduce a huge amount of people to cryptocurrency and blockchain technology.
The date for Decent.bet’s ICO has finally been announced, September 23, 2017 is the day it begins.
There will be 4 rounds for this ICO, each round lasting 7 days, so this ICO will last 28 days.
The first round offers a 20% discount, giving you the price of $0.10 per token. The second round offers a 10% discount, and so on until the last round the price per token equals $0.125.
There will be no minimum or maximum investment limit, and you will be able to invest with Ethereum, Bitcoin, Litecoin and Dash.
Check out this link to see how you can properly invest in their ICO.
In case you’re still worried that this project is only an idea with no viable product yet, you’ll be happy to know that they will be offering a large selection of sports betting and a suite of about 5 different slot games at the launch of their ICO.
Additional Reading/Sources:
Decent.Bet Website
Decent.Bet White Paper
Decent.Bet Youtube Channel