NAIROBI / ACCESSWIRE / December 10, 2018 / The evolution of the internet has created a significant transformation in the online betting industry. In fact today, it's market capitalization values over USD 50 Billion. However, the industry's highly centralized and regulated approach keeps people from harnessing maximum potential out of this profitable domain. CyBet is a unique and user-centric platform that envisions to eliminate the present inefficiency and transform the conventional betting realm.
It is the world's first decentralized betting platform that allows users to list their odds as well as participate in various betting activities to earn substantial returns. Furthermore, the platform has leveraged blockchain and smart contract technologies to ensure maximum security, transparency, and reliability in the overall process.
Essential Features of CyBet
Some fundamentals of this platform include :
Responsive Design
By integrating the latest mobile and web technologies, CyBet has created an application that offers an interactive and seamless user interface.
Easy Communication Panel
The platform offers a communication panel to both, participants and the bookmakers that incorporates secure and private messaging.
Maximum Safety and Security
By incorporating smart contracts into the system, the platform ensures optimum security for both, the participants and bookmakers.
Easy Transactions
CyBet has listed its token on top exchange platforms in order to enable ease of buying and selling.
Smart Contract - Optimizing Security
A smart contract is the primary contract of this betting platform, that is responsible for securing the important data of relevant sports onto the platform. This stored information is offered to bookmakers upon their request. The bookmakers use the contract to determine the odds of a particular game and place bets. Once the bets are secured into the smart contract, it generates a game structure that acts as an interface for players to place their bets.
The Game Structure - An Interactive Interface
It is a secondary contract that also acts as an interface wherein players place their respective bets. Once it is activated, players can place bets and this betting data is stored in the game structure. As soon as the particular game begins, the smart contract deactivates the structure and stores it securely in the blockchain to avoid any sort of data tampering or malpractice.
CyBet Token : The Token Sale
Symbolized as CYBT, the CyBet token is an ECR20 standard token. It is used as the medium of exchange, a unit of account and to store value. The platform implemented the token sale in two phases:
Private Sale - 1000 tokens were released in a private sale and were accessible only to community developers.
Crowdsale - CyBet released 60 Million tokens in its crowdsale, wherein 1ETH equalled 1,000 CYBT. Post receiving the fund, users were immediately provided ready-to-trade tokens.
The platform distributed tokens in the following manner :
60% - Token Sale
15% - Team and Founders
8% - Reserve Fund
7% - Ecosystem Development
6% - Marketing and Bounty
4% - Board Advisors
The fund collected from the token sale was allocated in the following way:-
40% - Product Development
20% - Marketing
12% - Business Development
10% - Future Enhancements
8% - Operational
6% - Partner/Investor
4% - Contingency
CyBet- A User-Centric Betting Ecosystem
CyBet is an unconventional betting platform that is reinforced by blockchain and smart contract technology. The decentralized and streamlined approach of the network offers transparent, secure, and optimized winning opportunities to online users across the globe.
CYBET MEDIA CONTACT DETAILS
Contact Person : James Kamau
City : Nairobi
Country : Kenya
Company Name : CyBet Club
Email Address : info@cybet.club
Company Address : Elgon Road, Upper Hill.
Phone : +254734352321
SOURCE: CyBet Club
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https://www.accesswire.com/530117/CyBet--A-Safe-Secure-and-Interactive-Interface
