One of the most notable advancements in the crypto market in recent times has been the emergence of casino gaming. This particular niche has experienced a sudden surge in popularity, with many speculating that it could herald a new era for the casino industry, fundamentally altering its traditional operations. This sentiment is echoed by investors, who appear particularly optimistic about its potential.
Enter Insanity Bets (IBET), a new decentralized casino gaming platform that has captured significant attention. This crypto project has made a significant impact, with investors eagerly anticipating the opportunity to acquire the token and immerse themselves in the casino experience.
Here, we provide a comprehensive overview of Insanity Bets, covering details about the token, the casino platform itself, and the full range of features it offers.
Get Ready For Insanity Bets
From the outset, it’s evident that Insanity Bets diverges significantly from the typical crypto casino landscape. Positioned as the epitome of decentralized casino gaming, where every wager doubles as an investment, the project showcases advanced technological features that hint at its potential to emerge as the preferred choice for crypto enthusiasts.
Insanity Bets distinguishes itself by articulating its unique proposition within the industry – enabling users to act as the house, thereby earning yields. A notable portion, 85%, of the generated fees are redistributed to the community. This entire ecosystem revolves around the IBET token, which serves as the key to unlocking utility potential. Upon acquiring IBET, users can opt to stake the token (offering various tiers) or burn it, both actions yielding rewards. Detailed information regarding these reward mechanisms will be discussed below. Additionally, users have the option to mint ILP tokens as an alternative means of earning.
By merging DeFi principles with what it terms as CasinoFi utility, Insanity Bets positions itself as a formidable challenger to the traditional casino industry, which boasts an annual revenue of approximately $231 billion, with online casinos contributing around $62 billion.
What sets Insanity Bets apart further is its openness to developers, who can seamlessly integrate their own games into the platform. The CasinoFi contracts have been meticulously crafted with this feature in mind.
With offerings ranging from classic slots to interactive games like Plinko, Insanity Bets promises a diverse array of options. The ability for developers to easily integrate their creations adds to its allure.
The IBET Token Has A Lot of Potential
Now, let’s delve into the IBET token, the cornerstone of the entire Insanity Bets ecosystem. This token boasts a wide array of functionalities. As previously mentioned, users can utilize the token for staking or burning, leading to tangible yields derived from trading fees, ILP fees, and game-winner fees. Notably, 35% of all fees are allocated to stakers, while 50% go to those who burn the IBET token. Additionally, there’s the ILP token, which allows users to partake in the house by minting ILP using USDT, with 90% of all wins and losses from players’ bets accruing to them.
The comprehensive ecosystem comprises IBET itself, staked IBET (sIBET), escrowed IBET (esIBET), and burned IBET (bIBET). Meanwhile, the ILP token serves as the avenue for involvement in the house.
It’s worth highlighting other notable features, such as the diverse range of games available, all of which leverage Chainlink’s VRF NRG and meet the engaging quality standards essential for any successful casino. The seamless integration of developers’ games is anticipated to be a significant factor in Insanity Bets’ success.
There are 5 different staking tiers: humpback, whale, shark, dolphin, and fish. They have a detailed and long list of benefits depending on the tier, so we highly suggest checking this out on the website.
Currently, the IBET presale is ongoing, with the token priced at $0.001. Subsequently, it will be sold for $0.0015 in the next stage, and $0.002 in the second phase of the presale, with a listing price of $0.018.
Regarding tokenomics, there’s a total of 5 billion IBET tokens, with 50% (2.5 billion) allocated for the presale, 30% (1.5 billion) earmarked for the team, and 10% (500 million) held in escrow. Additionally, 5% each is designated for exchange listings and airdrops. Furthermore, the project has undergone audits by SolidProof and CyberScope.
Conclusion
As evident, Insanity Bets presents a substantial proposition, offering a groundbreaking contribution to the casino realm within the crypto sphere. The token boasts commendable utility, promising significant benefits for participants within the ecosystem. We strongly advise considering a closer examination of the token and actively engaging with the project via its social media platforms at the earliest opportunity.
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
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