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The constantly evolving cryptocurrency market presents an ongoing challenge to traditional industries, pushing them to adapt or face potential obsolescence by leveraging innovative offerings. The casino sector, witnessing a substantial surge in the digital landscape, is currently undergoing a similar transformation.
Amid the attention garnered by various crypto casinos, Insanity Bets (IBET) emerges as the latest and arguably most significant entrant. Aptly named, this crypto casino offers a compelling proposition. Here, we delve into the details of what Insanity Bets entails, providing insights into its features and the associated token.
Insanity Bets A Crypto Casino Of The Highest Quality
Insanity Bets stands out as a groundbreaking force within the crypto casino sphere. Positioned as the epitome of decentralized casino gaming, where each bet doubles as an investment, the project showcases advanced technology and a range of features that hint at its potential to become the preferred destination for crypto enthusiasts.
Insanity Bets confidently presents its unique value proposition, highlighting its ability to empower users to act as the house, enabling them to earn yields. Notably, 85% of the generated fees are redistributed to the community, showcasing its dedication to inclusivity and community involvement. Central to this ecosystem is the IBET token, which serves as the key to unlocking utility. Upon acquiring IBET, users can choose to stake the token (with various tiers available) or burn it, both actions resulting in rewards. Further details on these reward mechanisms will be provided shortly. Additionally, users have the opportunity to earn by minting the ILP token.
By seamlessly integrating DeFi principles with what it terms “CasinoFi” utility, Insanity Bets positions itself as a strong contender against the established casino industry, which boasts an annual revenue of approximately $231 billion, with online casinos contributing around $62 billion.
What distinguishes Insanity Bets is its openness to developers, who can easily incorporate their own games into the platform. The CasinoFi contracts have been carefully designed with this feature in mind, fostering an ecosystem ripe for innovation and diversity.
Offering a range of games from traditional slots to engaging options like Plinko, Insanity Bets promises a diverse and thrilling gaming experience. The ability for developers to seamlessly integrate their creations adds an extra layer of appeal.
Get Great Yield and Utility Out Of Insanity Bets
The extensive ecosystem of Insanity Bets comprises various components of the IBET token, including IBET itself, staked IBET (sIBET), escrowed IBET (esIBET), and burned IBET (bIBET). Meanwhile, the ILP token serves as the means for participation in the house.
Let’s explore the IBET token, which serves as the foundation of the entire Insanity Bets ecosystem. This token offers a wide range of functionalities. As mentioned earlier, users can employ the token for staking or burning, resulting in tangible yields derived from trading fees, ILP fees, and game-winner fees. Notably, 35% of all fees are directed to stakers, while 50% are allocated to those who burn the IBET token. Additionally, the ILP token allows users to participate as the house by minting ILP using USDT, entitling them to receive 90% of all wins and losses from players’ bets.
It’s important to highlight other significant features, such as the diverse range of games available, all of which utilize Chainlink’s VRF (Verifiable Random Function) and meet the engaging quality standards essential for any successful casino. The simplicity with which developers can integrate their games is expected to be a significant factor in the success of Insanity Bets.
Currently, the IBET presale is underway, 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.
In terms of tokenomics, there is a total supply 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 both SolidProof and CyberScope.
Conclusion
The cryptocurrency market offers numerous investment opportunities, and the emergence of Insanity Bets adds substantially to the range of available options. This project has the potential to completely transform the casino industry. We highly recommend delving into the project’s token, exploring its various staking tiers, and actively engaging with the project’s social media channels.
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