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Cryptocurrency News Articles

Insanity Bets Emerges as Revolutionary Decentralized Casino Platform

Apr 08, 2024 at 08:21 am

Insanity Bets, a decentralized casino gaming platform, introduces a novel concept where users become the house and earn yields from platform fees. The ecosystem revolves around the IBET token, used for staking and burning to receive rewards. ILP tokens provide an alternative earning mechanism. By combining DeFi principles with CasinoFi utility, Insanity Bets aims to disrupt the traditional casino industry.

Insanity Bets Emerges as Revolutionary Decentralized Casino Platform

Insanity Bets: A Revolutionary Decentralized Casino Gaming Platform

Insanity Bets, a decentralized casino gaming platform, has emerged as a disruptor in the cryptocurrency industry. It offers a novel mechanism that empowers users to assume the role of the house and earn yields from platform-generated fees. The platform's ecosystem revolves around the IBET token, which provides various earning opportunities through staking and burning.

IBET Token: The Ecosystem's Core

The IBET token holds the key to unlocking the full potential of the Insanity Bets ecosystem. Users can stake or burn IBET to receive rewards derived from trading fees, ILP fees, and game-winner fees. Notably, a substantial portion of platform fees is distributed to stakers and token burners.

ILP Token: Participate in the House

The ILP token grants users the chance to participate in the casino's operations by minting ILP with USDT. This enables them to capture 90% of the winnings and losses generated from player bets. The comprehensive Insanity Bets ecosystem comprises IBET, staked IBET (sIBET), escrowed IBET (esIBET), burned IBET (bIBET), and the ILP token.

Integration and Fairness

Insanity Bets distinguishes itself by providing developers with a seamless integration process for their games. It offers a wide array of options, ranging from classic slots to interactive games like Plinko. The platform utilizes Chainlink's VRF NRG to guarantee fair and engaging gameplay for all participants.

Staking Tiers and Presale

Users can participate in five distinct staking tiers, each offering a tailored set of benefits commensurate with their tier level. Currently, the IBET token is undergoing a presale, priced at $0.001. The price will progressively increase in subsequent stages before the token's listing at $0.018.

Token Allocation and Audits

The total supply of IBET tokens stands at 5 billion, with 50% allocated for the presale. The team holds 30%, while 10% is escrowed. Exchange listings and airdrops account for 5% each. Insanity Bets has undergone rigorous audits by SolidProof and CyberScope to ensure transparency and security.

Revolutionizing the Casino Industry

Insanity Bets aims to revolutionize the casino industry within the cryptocurrency space. By leveraging the utility of the IBET token, it provides participants with significant advantages and introduces a new era of decentralized gaming. Users are encouraged to engage with the project's social media platforms for updates and ongoing involvement.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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