November 28th, 2018 at 4:31 pm UTC · 3 min read
This betting platform is owned by the community and offers users anonymous betting options to render privacy. This Ethereum based platform runs on smart contracts, which means that every contract is 100 percent verified. All the payments are irreversible and go straight to the wallets of the intended recipients.
Below are the important features of this platform:
CyBet gives unparalleled betting experience on both mobile and desktop devices. With continuously increasing mobile players, the tech experts have incorporated both mobile and web technology to facilitate a seamless betting experience.
Players and betting companies can communicate with each other directly and real-time through a dedicated communicational panel.
Every contract is vetted and every transaction is encrypted, thereby eliminating the chances of security abuse.
All the tokens of CyBet are easily available on all the exchanges during their sale to facilitate easy transactions.
CyBet solves one major problem related to betting. Since betting odds are heavily influenced by betting companies, the entire betting ecosystem becomes excessively centralized. This monopoly is also heavily regulated. CyBet aims to change this existing ecosystem and allow the token run the CyBet blockchain network.
Token holders also function as betting companies. However, in matters of listing, those token holders hat place the most attractive bets receive higher priority. Finally, all the betting companies and participants on the CyBet platform remain anonymous.
Under this blockchain-based project, a total of 210,000,000 CyBet tokens are launched. Buyers of these tokens can start laying bets on their favorite sports. To keep the price of these tokens high enough, all the transaction fees raised due to these bêts will be taken out of the system for the first 1,000 days.
The CyBet token is denoted as CYBT and it is used as the sole medium of exchange, unit of account and used to store value.
There are three functional areas of CyBet, including :
These tokens can be bought by the public during the ICO. However, post this event, the CYBT tokens can be purchased by:
The token sale is live right now. The standard currency acceptable in this token sale is the ETH. By paying 1 ETH, users can get 1,000 CYBT. Presently, 60 million CYBTs were available for sale. The CYBT sale is on until December 9, 2018. To buy the CYBT token users need to send the ETH currency from one of the following wallets:
CyBet is the world’s first decentralized platform for betting that aims to deregulate the betting market. Users can function as betting companies as well as individual player and increase their winning potential via this secure and effective betting platform.