DecentBet (DBET)

Posted by

Decent.bet is an online gambling and betting platform that offers transparent sports betting, slot machines, craps, and roulette.

Joke Name

DecentBet = Transparent Betting

Basic Intro

Link to the main website

Link to price/market cap

Exchange Ticker (DBET)

Coin or Token

Circulating Supply (188 Million)

Market Cap Ranking

Review

Decent.bet is an online gambling and betting platform that offers transparent sports betting, slot machines, craps, and roulette.

The Decent.bet ICO began on September 23. You can purchase DBET tokens, which represent a share of the house. When the house wins, you win as a DBET token holder. Your profit distribution is governed by a smart contract. The more DBET tokens you own, the higher your share of profits will be.

Essentially, Decent.bet lets users hedge their bets by taking the house’s side. You win when the house wins, earning a cut of the profits generated by the gambling platform.

Key Features:

  • House Shares and Lock Up
  • Lottery System and Quarterly Returns
  • Charity System and Other

House Shares and Lock Up

Purchase House Shares: You can buy shares of the house for DBET tokens. DBETs are deposited into the house before the start of every quarter. In return, shares are issued at a 1:1 ratio.

Lock Up DBETs for a Quarter: Put your money to work by placing your DBETs into a locked vault for a quarter. Your tokens are used as funds to hedge against bets placed by users and to fund gambling games. Shares can also be placed for sale anytime on the Decent.bet exchange.

Lottery System and Quarterly Returns

Lottery System: 5% of all profits generated by the house will automatically be used to fund a quarterly lottery. One shareholder will be selected at random each quarter to receive the entire amount of the jackpot.

Receive Quarterly Returns: At the end of every quarter, profits generated are calculated by the house, then distributed to all shareholders. You receive a portion of Decent.bet’s profits based on the relative percentage of shares you own. Profit sharing is enabled through a smart contract for maximum transparency.

Charity System and Other

Charity System: Decent.bet has a charity branch called “Decent.C”. 10% of all profits generated by the founder’s shares in the house are donated to needy causes and charities around the world. All charitable donations are transparently recorded on the blockchain.

Whitelabel: Decent.bet will open its API and custom houses to third party developers, allowing them to build custom lines and PIs on the platform. In the future, the developers of Decent.bet envision developer-led initiatives like “initial house buyouts”, similar to the idea behind ICOs.

Multiple Games: Decent.bet has plans to offer sports betting, slots, craps, and roulette on launch.

Essentially, the benefit of Decent.bet is that you can “be the house”. Bets placed by users will always have the house to hedge against their bets. By buying DBET tokens, you can buy into the house funds, then receive a split of the house’s profits at the end of every quarter.

Problems:

Blockchain-based casinos provide slow, expensive blockchain subordinate games without layer-2 arrangements, sports betting platforms in their infancy/idea stages and benefit sharing gambling platforms with a single house model.

Platforms that have been based on the Ethereum Blockchain confront similar issues that every single decentralized platform based on Ethereum confront at the present time. Games that are customarily played at a snappy pace, are slowed down because of the slow block times for RNG and transactions on the blockchain when all is said in done. In spite of the fact that this would not be an issue later on with the booked moves up to the Ethereum network that will incredibly enhance its ability, games right currently are painfully slow and don’t imitate any normal online casino in terms of speed and experience.

Conclusion:

Decent.bet is an online betting and gambling platform where users can take the house’s side and participate in all profits gathered by the house. The project offers some unique features but is outclassed by other decentralized gambling platforms.

Pros

  • Gain house profits
  • Decentralised

Cons

  • No direct backing (asset, profits, commodity)
  • Clunky