• Gaming

Yobit Coin 1.5/5 (1) - Gambling Platform

YoBitCoin is an innovative project powered by Blockchain and smart contracts which aims at making the online gambling and betting industry decentralized. The current statistics show a sharp rise in the global gambling and betting markets. The Industry has recorded a growth record of 9% CAGR over a span of seven years and is expanding three folds than the global GDP. Furthermore, Internet has diversified the reach of gambling which enable millions of people to play right sitting from their homes. Despite the impressive growth, betting and gambling industry is notorious for being unfair. The lack of transparency is the biggest reason behind the same. Moreover, some other issues have also...

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1.5
Hype1.0
Security1.0
Team2.0
Vision2.0
  • Token: Yobit Coin
  • Price: BTC, ETH, USD
  • ICO start: 1 Aug 2018
  • ICO end: 15 Oct 2018
  • Country: Australia
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YoBitCoin is an innovative project powered by Blockchain and smart contracts which aims at making the online gambling and betting industry decentralized. The current statistics show a sharp rise in the global gambling and betting markets. The Industry has recorded a growth record of 9% CAGR over a span of seven years and is expanding three folds than the global GDP. Furthermore, Internet has diversified the reach of gambling which enable millions of people to play right sitting from their homes.
Despite the impressive growth, betting and gambling industry is notorious for being unfair. The lack of transparency is the biggest reason behind the same.
Moreover, some other issues have also plagued gambling industry such as high fees, low payouts, favoring house against the odds, poor RTP, hacked random number generators (RNGs) etc. In fact, as all the process is centralized and attached to bank, a user may lose out all his winnings and the bank blocks his account. The problems aren’t only limited to players but operators as well.
Here Yobitcoin comes to play. The decentralization of the platform ensures transparency and multi-layer security cover. Adding feather to the hat, there is no intermediary involved in the complete process so a player is sure that his winnings will not be confiscated under any circumstances.
The smart contracts over Ethereum platform help in impartial distribution of player winnings based upon the bets placed and the betting conditions. These smart contracts develop a bond of trust and credibility as all operations arebetween the operator and the player without any involvement of other party, YoBitcoin reduces the operational and transactional cost significantly which further aids in scalability and versatility of the business. Thus, giving it a global recognition and develop an ecosystem which comprises of casual betters to high currency betters, third party developers/ affiliates to betting agencies.
Introducing a Novel Wave of Betting & Gambling:
YoBitCoin
Even though conventional betting is a sheer case of luck, but is highly criticized for favoring the odds in favor of the house and making them the ultimate deciding authority. All this is because traditional betting follows centralized approach where even if a user makes a win, he is not eligible to take the promised payout. And if he loses, he loses everything!
Due to some fraudster operators, the complete gambling industry is been looked with a suspicious vision. Again, a handsome fees and complexity of betting makes some of the potential betters to stay at bay. Well, all that makes gaming not a fun but a risky business.
Solution: YoBitCoin
The main aim behind creating Yobitcoin was to redefine the “fun” for which actually gambling was incepted. It should make people satisfied and should be aimed to give players a headache. Yobitcoin is designed to remove all the intricacies related with traditional betting platforms by powering with a fully Blockchain platform supported by YBC tokens and smart contracts
Here the players challenge each other or their friends within a group and play against the odds set by the bookmakers. So, irrespective of the outcome either win or loss, the money stays with the group instead of going to the bookmaker.
With Blockchains coming into play, all the transactions are fairly visible and transparent as they are recovered over the distributed ledger. Only Blockchain guarantees a fair play, easy winnings, faster payouts and zero fraudulent activities.
Isn’t that exciting and interesting? You bet. We have the best team, a vivid vision trajectory and the dedication to make all this happen.
YBC Token
YBC token or YobitCoin token, is the heart of the complete project. All the transactions, payouts, betting etc are performed with YBC token. YBC token is un-mineable and comes with a finite number of supply. The tokens are only created under the token generation event and after that no creation would be allowed.
All YBC tokens are ERC20 compliant, which certainly reduces the processing fees and transaction time required for transferring of funds. YBC tokens can be used worldwide and therefore ensures high level of liquidity. Smart contracts are not compatible with fiat currencies, so we have to create a YoBitcoin platform compliant currency.
The players can withdraw funds or exchange their tokens at any time and can convert them in their desired currency. As online gambling has a huge audience base, the success on yoBitcoin is unquestionable.
YoBitCoin Advantages
With an aim to disrupt the conventional betting methodologies, our solution is all set to give a new dimension to the online betting and gambling industry. The Blockchain powered system are overloaded with potential advantages which make us stand ahead in the league.
* User-friendly Interface
The interface designed by us has been kept minimal and without any complexities. It is damn easy to navigate and is easy to understand even by a casual or non-gambler.
* No hidden transaction charges
YBC token helps in elimination of hidden transaction charges levied by the operators or bookmakers. All the payouts are credited instantly in YBC token wallet worldwide.
* Seasoned Team
Our platform is designed for the players by the players. Our core team has an expertise over cryptocurrency and online gaming. Our team comprises of certified professionals, intuitive designers and well determined founders. Our experts are working round the clock to provide the best user experience ever.
* Decentralization of platform
The decentralization of the complete project rule out the possibility of account blocking or freezing by the operators as it renders the power in hand of players. All transactions are fair and speedier with instant payouts in case of winnings.
* Transparency
The implementation of smart contracts protects the manipulation of bets and ensures that all the betting protocols are respected. Every member on the platform has access to all the transactions made.
* Unlimited betting, unlimited winnings
Now you can bet any amount as you wish and can get handsome money as jackpot!! Experience the new wave of betting against the odds which are actually fair offering rewards which are much beyond the standards.
* Wider International acceptance
Using cryptocurrencies definitely makes the entire world unite over a single platform. Blockchain technology enables a wider reach and help to attract international audiences, thus making the rewards touching the sky.
YoBitCoin Objectives
* A fair and decentralized solution for all betting needs.
* Higher player retention by leveraging player loyalty, impressive UX and player engagement
* Providing an interface to players to compete for higher ranks and badges
* Engaging activities for everyone so as to boost in-app time
* Highly customized Personalization options
* Greater satisfaction!!

Team

Advisors

Milestones

  • Q3 2017
    Online Betting/Gambling Market Analysis Identifying KPAs and industry issues Conducting Surveys
  • Q4 2017
    Project Realization Website Developing
  • Q1 2018
    Building Community Meeting and conferences with strategic partners
  • Q2 2018
    MVP Development Website Launch
  • Q3 2018
    Pre-ICO ICO Strong digital marketing campaign & conducting road shows, etc
  • Q4 2018
    Launch of beta version Revisions based on feedback

Token

  • Platform: Ethereum
  • Price: BTC, ETH, USD
  • Accepting: BTC ETH USD
  • Token distribution: 35 % For R&D and Development 25 % Sales and Marketing 18.5 % Accession and Partnerships 13 % Admin and Partners 8.5 % Legal and Financial

Proof Points
1/5

Legal entity

No proofs of legal entity were found.

Prehistory of project

No prehistory of project were found.

Product or its MVP

No working product or its MVP are presented.

Blockchain experience

No information about blockchain experience were found.

Escrow

No escrow information were found.

Comments

Updated 1.09.2018

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