As noticed from one of my previous posts long time ago, I also have been holding a tight eye on cryptocurrencies and my strategy is definitely not reading these confusing charts and doing day-trading, but more likely doing a lot of research and positioning myself early before "the news" appear or the general market discovers the potential in that
particular cryptocurrency.
And this is something I would like to share with you.
DecentBet (DBET)
Website: https://www.decent.bet/
Current price: https://coinmarketcap.com/currencies/decent-bet/
DecentBet is a decentralized online casino platform built on Ethereum network. As of writing this, the price is around 0.10$, which is pretty much the ICO price of the token, but the good thing is that this ICO was back in 2017 Q3 and they were already delivering, as a project who was actually building their product before the ICO. From there on when they hit the market they also had a nice price surge to almost 0.70$ at the beginning of 2018.
Now we are in a situation where the platform launch is just one month away, but the price is still very low. The reason why I am so bullish on this certain a moment of time is that they are building a product, which is "no-brainer", as in terms of attracting customers to the platform, but as well investors in cryptocurrency space.
For customers, it is going to be an online casino platform with many games and sports betting feature, which is totally transparent and decentralized. This means that it is built from the ground-up, as a fair platform with smart-contracts to ensure that all the operations on the platform are "as they suppose to be" and everyone can check the data to make sure that there is no violation of these gambling rules.
The thing with a traditional casino is " we as a players" can not be 100% sure that we were not part of some kind of false scheme deal when we lost our money, but with blockchain, you can actually check the data.
One thing what makes this project more exciting is that DBET token is not just a utility token for gambling on the platform, but they also have a "be the house" model, where you can lock in your DBET tokens quarterly to receive the profits from the house. And the interesting thing about that is DBET as a company never takes themselves more than 10% of the profits. Rest of this is going to - you can guess :) - to the DBET holders who actually locked in the tokens to receive the profits, which in my mind will attract many people (investors) to hunt this thing down, as it provides an opportunity to receive passive income on a real business model.
As well there is "white label solutions" for other companies to use DecentBet infrastructure to build their own platform, which can be bought only with DBET tokens from the open market. This is just another reason why the DBET token itself will gain in value, as there are many use cases for the token.
And if we talk about the team, then these guys are nice and humble with great experience. As of CEO Jedidiah Taylor statement, they are more likely a team who is "underpromising and overdelivering", which I think is a nice motto to go with, as there are many projects, who just hype to get the price up.
As well there are rumors, that they are expanding their team with well-known people in the gambling world.
But keep that to yourself :)
Here is also the latest AMA (ask me anything) with the community questions:
Some extra thoughts :)
Just to place a seed in your mind, as they are coming out with the platform, which has been under development almost a year, it is unlogical that the price movement is going down, as we already had a surge in history up to almost 0.70$. At the moment, at this price (0.10$), this thing is a steal in my opinion with such a low market cap (12 million).
DecentBet has definitely not seen the attention of a wider public in crypto space, but this time will come for sure because there is no other company at this stage with these unique benefits what DecentBet offers.
To be honest, I think this could really blow up, but of course, do your own research.
The purpose of this post is to open a door for you guys and let everyone decide themselves if this thing is a real solid project or not.
Make sure to visit my channel again, as there is more stuff "baking".
Thank you for reading!