LetBet Project

LetBet offers a platform that is borderless, trustless, secure, and fast and it is powered by blockchain. All games in the LetBet system will be written in the smart contract, so one has a control on the game as all end users (players) are central to the LetBet system. LetBet offers a fair and sufficiently randomize game for all players. The LetBet blockchain can also be used for other purposes as it is a complete open source that is free and secure hyperledger which can be used to host a variety of other products.

PROBLEMS OF ONLINE GAMING
Online gaming is faced with some issues like illegal laundering, security, trust, player discernment, slowness and unreliable.

COMPONENTS OF LETBET PLATFORM
• User wallet: Every user will be provided with a cryto wallet and will be responsible for managing their private key
• Agency wallet: Agency wallet helps reduce s the risk of cheating because if a user wants to withdraw money, they’ll need both multisign features to verify and their private wallet
• Smart contract-based game: This will be developed by Letbet to provide P2P (pay-to-play) trusting decentralised online gambling
• Decentralised game: This allow users enjoy a free system that is not infleunced by anybody
• Transactions explorer: Transactions on Letbet arepublic and can’t be edited allowing users monitor and to know about transactions occuring on the Letbet system
• Integration module: This is a supporting component provided by Letbet to allow developers explore data from traditional online gambling or service provider

PRODUCT ACHITECTURE OF LETBET
LetBet has a unique P2P SMART CONTRACT. This smart contract is designed to suit the online gambling industry in a unique way to simultaneously service third party online gambling developers and the end-users (players). The P2P smart contract is built such that the user remains anonymous and secures through a smart contract with the blockchain system from the time the game gets initiated through the point where one’s result is seen and funds remitted.

LBT COIN MODEL
LBT coin will be used throughout the Letbet platform as a unit of account, to store value, and as the sole medium of exchange. It will be used by users, bookmakers, developers, and hosters for different purposes.
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INITIAL COIN OFFERING (ICO)
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COIN DISTRIBUTION
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A total of 199M coins will be distributed in the following order:

50% coin will be issued in ICO.
15% coin will be reserved for third-party developers
. 3. LBT will hold 15% coin
20% coin will be used for audit, bounty, affiliate program
FUND ALLOCATION

30% allocated to platform development
20% allocated to betting development
20% of marketing, legal & professional costs
20% allocated to a reserve
10% of operation & other costs
ICO DETAILS
A total of 20M LBT will be issued during pre-sale
• The first 35% LBT will sell at a price of $0.4
• The next 35% LBT will sell at a price of $0.5
• The rest 30% LBT will sell at a price of $0.6
A maximum of 70M coins will be issued during the crowd funding
• The first 20% LBT will sell at a price of $0.8
• The next 20% LBT will sell at a price of $0.9
• The next 20% LBT will sell at a price of $1
• The next 20% LBT will sell at a price of $1.2
• The next 10% LBT will sell at a price of $1.4
• The next 10% LBT will sell at a price of $1.5

ROADMAP
January 2018: Whitelist Registration, Blockchain Launch, Web Wallet Launch, Network Stats and Private Sale.
February 2018: SportBet PreMatch Launch
March 2018: ICO Start and Slot Machine Launch
April 2018: ICO End, Internet Exchange, Jackpot Slot Machine Launch
May 2018: Mobile Wallet Roulette
June 2018: Go To Market Exchange Blockc Explorer and Support Esport
July 2018: SportBet Update Tennis, BasketBall.
August 2018: 3rd Platform Launch
September 2018: Poker Launch and SportBet In-Play Bet Launch
Quarter 4, 2018: Game update, P2P SportBet, Live Casino and Wallet ColdStorage support.

THE TEAM

Advisors

CONCLUSION
Letbet is an ecosystem for gambling which provides users with the most advanced technology, providing the infrastructure based on advanced blockchain technology with the sole aim of accelerating gaming experience, 100% unbiased environment for players and operators as well as other participants in the ecosystem and especially, 100% Free transaction fee for players and betting transactions.