Whitepaper draft
Tags: ICO, Cryptocurrency, Investors, Sports Betting, Esport

Whitepaper draft

COIN-BET

Whitepaper version 1.6 under review

Comprehensive betting site based on block chain

COIN-BET is the comprehensive betting site based on ERC20 Smart Contract.

COIN-BET is the outsourcing company that develops PC mobile game and webpages including SPORTS BET and CASINO.

We have made 20 sports-bet sites and 7 casino in the past 5 years.

It was exported to countries such as Korea, China, Japan, etc.

Now we need only UI / UX designers.

Please evaluate only the functions that have already been completed.

ABSTRACT

We were developing lottery-styled gambling system to match the Ethereum Block Number. Although the development of multiple ONESTOP Gambling is not difficult work and there is the easiest way to maximize ICO investor’s profit with users’ convenience, I have a question about why most ICOs that operate Gambling do not provide these services.

It is not understandable why they do not provide the service together while Sports BET and E-Sports BET are perfectly same system.

By just registering to COIN-BET, user will no longer need to register to any other sites.

We addressed various ways to maximize ICO investor’s profit with user’s enhanced convenience, and we are willing to launch the service for all kind of GAMBLES with initiation of SPORTS BET service which is most profitable platform we have developed and supplied.

Try our demo version.

You will experience something amazing.

The development of sports betting and e-sports are almost completed, and horse racing, stock market, and ghost lag are being applied.

A trustworthy game to match numbers is already available.

For example, to bet with predicting trustworthy data is available for the unpredictable matching game such as “What is the traffic accident number of New York on yesterday?”

We sincerely appreciate all the Bitcointalk members who provide valuable advices for our development, and many people who requested anonymity.

We promise that we will be the first and biggest one-stop GAMBLE platform in the world.

Future Gambling!!

Now, COIN-BET starts with you.

Please read this white-paper for details of COIN-BET.

THE OVERVIEW OF GAMBLING MARKET

I would like to ask one question at first.

Do you have GAMBLE experience? I will listen to your answer later.

According to one of the biggest statistic information provider statista.com, the gambling market size in billion dollars is shown below.

20.5 BILLION USD at 2009

37.9 BILLION USD at 2015

47.1 BILLION USD at 2017

59.7 BILLION USD at 2020

As high-speed internet is widely supplied, the number of company that provides online gamble is being dramatically increased. This also indicates the prediction of incremental number of users who use online gamble sites. If you do not use a smartphone or internet, I would appreciate it if you close the window of this white paper.

It is well known that a lot of people are interested in gambling. But, the size of gambling market is, in fact, unpredictable.

The actual data for how many people enjoy the gambling in the world is, as a matter of fact, not easily calculated, and it can be abstract data which has a certain leveled trustworthy.

All the casino operators will not provide all tax information, and the companies who have not yet obtained license will not, of course, provide tax information. In addition, an accurate data for how many people in a certain country enjoy gambling is more difficult to acquire because of the emergence of Cryptocurrencies, which is attracting our attentions and is ensured a certain level of anonymity.

Now, I have asked a question at the beginning of this page. Do you have GAMBLE experience? No?? Have you ever purchased a lottery ticket or played rock-paper-scissor game? Congratulations. You are the person who has strong possibility of becoming COIN-BET user.

In some countries, tax legislation is being developed for Cryptocurrencies.

However, most countries have not yet established related regulations. Since it is not subject to taxation, this is excellent condition for ICO investors. This benefit is also applied to users.

Suppose you win a jackpot at casino and get $1,000,000. You can get the full amount if you choose 10-year division, but will you receive it in 10-year division? Maybe not, and you will want to get lump sum. If you choose lump sum amount to get, more than 30% of your prize money was disappeared. Somethings are left. Tax… Tax… Tax… How much money indeed can you get? I leave it to your imagination.

In conclusion, it must be true that we are great lucky persons.

It is because that there is Cryptocurrencies for us. The online gambling market using Cryptocurrencies has unlimited growth potential. Most of the many problems that are brought in existing casinos can be solved. You can enjoy various fun games in everywhere if you have internet connection, of course, as well as perfect fair play. At COIN-BET.

There is one more point to go over.

“Anonymity”. Other companies say perfect anonymity; but, COIN-BET is not the same. If you are END-USER. Anonymity is a matter of course if you are not END-USER. Please keep in mind that this rule applies not only to our COIN-BET but also to any place using Cryptocurrencies. Our COIN-BET LOTC is also developed based on ERC20 SMARTCONTRACT. All transactions will be automatically recorded in BLOCKCHAIN ​​and will be controlled by SMARTCONTRACT, which ensures complete transparency. This would not belong to any particular area, and it can be said an innovative service like a great unique culture, which anyone in the world can enjoy together….. and,

We are standing at the beginning.

You are reading this white-paper and you are already know.

Future Gamble

Now We Are COIN-BET

The OVERVIEW OF COIN-BET OPERATION

COIN_BET completed the test of some part of service with progress of the initial platform operation stage by stage, and ICO will be held before the final test and official service launch. After ICO, a beta test will be provided for anyone to participate before official service. The whole system operation of COIN-BET will be controlled by ERC20 SMARTCONTRACT, and it means that developer, server administration, etc. including anyone cannot be involved in the operations. All transactions will be recorded on BLOCKCHAIN, and anyone can read.

COIN-BET Revenue Sharing

It is simple.

All revenue of COIN-BET will be stored on BLOCKCHAIN.

The saved data can be read by anyone.

Up to 70% of the total revenue of COIN-BET will be distributed to LOTC holders on every quarter, depending on the amount of LOTC sold through ICO.

COIN-BET ICO

COIN-BET issues a total of 300,000,00 LOTC, and there is no additional issue.

The maximum open participating volume is 200,000,000 LOTC, and unsettled amount will be BURN.

HARDCAP is 100,000 ETH, and ICO will be closed when HARDCAP is reached during ICO held period.

The minimum purchase amount is 0.01 ETH, and there is no limit on the maximum purchase amount.

PRE-SALE will open for 7 days before ICO starts, and ICO will continue for 30 days after end of PRE-SALE.

ICO REVENUE USE OF COIN-BET

COIN-BET implements ICO to secure the funds needed to launch new service that did not exist in the conventional online gambling market.

The revenue from ICO will be used for platform upgrade and licensing fee for fair platform services which are complied with as many local regulations as possible.

COIN-BETTOKKEN ALLOTMENT

COIN-BET LOTC will be credited to all participated investors in ICO within 7 days after end of ICO.

COIN-BETSECURITY SYSTEM

The security of user information and possessed funds is a top priority for all websites, including COIN-BET.

Various options to enhance the security by users will be provided

Two-Factor Authentication (2FA)

Verification of email when attempt to login on new device. (mobile, PC, IP etc.)

Lock feature that can be withdrawn by users’ designated currency and currency address.

Additional security suggestions are welcome. (or We always accept additional security suggestions.)

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CONCLUSION

COIN-BET expects to launch the official service on January 15, 2018 with SPORTS BET and E-SPORTS BET as the first service. These are the game services which have the highest user incremental rate continuously, among the gambling game industries which are expected to rise to more than USD 5.97 billion in 2020. And, we aim to serve all existing gambling, such as casino slot machine.

This is the fundamental principle of COIN-BET in order to provide a one-stop multi-platform service, and it drives ICO investors expect maximize revenue as well as enhancement of users’ convenience. It is COIN-BET that provides innovative and unique gambling services with no government interference, tax-free, and no barriers to cashing anywhere in the world.

Now, COIN-BET Begins.

Be With COIN-BET.

Future Gamble

We Are COIN-BET