What is Altbet ?
Mutual betting is widely adopted in gambling and applied to horse racing, greyhound racing and sports betting. Altbet is the first platform that combines this model with blockchain technology, what allows to benefit from the advantages of own cryptocurrency. In the long-term perspective, Altbet aspires to become world’s leading online mutual betting platform. We do believe that having the best product / best offer is the key. Our team is planning to offer perfect platform for mutual betting and gambling which will be fully transparent thanks to our custom provably fair system. Altbet platform is and will be one of the kind.
What is The future of betting ?
Altbet (ABET) is an open source cryptocurrency focused on fast private transactions with low transaction fees. It utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances block reward size between masternodes and staking nodes. The main goal of Altbet (ABET) is to achieve a decentralized sustainable cryptocurrency with near instant full-time private transactions. ABET is planned to be the only one cryptocurrency at our betting platform.
What is Main goal ?
Altbet (ABET) is an open source cryptocurrency focused on fast private transactions with low transaction fees. It utilizes a custom Proof of Stake protocol for securing its network and uses an innovative variable seesaw reward mechanism that dynamically balances block reward size between masternodes and staking nodes. The main goal of Altbet (ABET) is to achieve a decentralized sustainable cryptocurrency with near instant full-time private transactions. ABET is planned to be the only one cryptocurrency at our betting platform.
What is AltBet Masternodes ?
Masternodes may be described as the backbone of the ABET. It literally means that they are essential nodes on the network, running the same software wallet on the same blockchain protocol, which provide extra services and features to the network and users. The purpose of masternodes in the ABET network is transaction processing and on-going assistance during the process of new blocks’ creation. In this way, masternodes receive block rewards. Altbet coin enables you to possess your own masternodes, what, in consequence, guarantees you will be granted not only with a part of the block reward, but also with a privilege to obtain an access to selected games and events. It is undoubtedly a bonus in exchange for the contribution to the development of Altbet platform. Please let us explain you in detail how the process works. Masternodes are placed in the ranking. The masternode placed first in the ranking gains a reward equal to 80% of the block reward. After the particular masternode is granted with the above mentioned reward, it is automatically relocated to end of ranking. These inducements significantly encourage uninterrupted connectivity in order to sustain a high-performance network. In this way, not only you have an opportunity to grow your investment and capital, but also to support the development of the network.