Coinbet - gaming platform which uses Ethereum Smart Contracts



  • CoinBet fund distribution
    The operating revenue of Coin-Bet runs on all nodes equally connected.
    Depending on the Smart Contract, it will be automatically distributed monthly according to LOTC
    reserves. When the monthly total sales amount is 10,000 ETH, 70% is used as the lotto reserve,
    and the total revenue is 30% and 3,000 ETH is calculated as total monthly revenue.
    It will be automatically settled to the ETH wallet every month according to the amount of LOTC of
    3,000 ETH. If you sell your LOTC through the exchange, you will not be able to receive the
    settlement.

    COIN-BET IS A DECENTRALIZED LOTTERY BASED ON ETHEREUM SMART CONTRACTS

    ● All investors should read this document thoroughly.
    ● All investors must understand the nature of this document.
    ● Do not over-trust future-oriented opinions.
    ● If you have any questions about the contents of this document, please contact the
    experts.
    ● This document describes the project to potential investors involved in Coin-Bet's LOTC
    Token Sail.
    ● We aim to provide investor (s) with relevant information to explore the potential of LOTC.
    ● There is currently no value for LOTC.
    ● Please note that investors are solely responsible for all investments.
    Coin-Bet is not a company or organization, It is Smart Contract created based on Ethereum
    ERC20 in unlimited time and space. We are different from other avid ICOs (Initial Coin Offering).
    We think that overcrowded funds are likely to be used for other purposes besides operating
    costs. Our development has come to an end. During the ICO, we will pilot. Of course, this will not
    go to the actual Ethereum, but will provide the Game for fun and statistics. After the ICO is
    completed, the actual service will be provided in the same way, and additional games will also be
    provided. Keep in mind that Smart Contracts created based on Blockchain technology can not be
    involved in the process or results, even if they are developers. We are a smart contract that can
    only be operated fairly and transparently. Our token sail is beneficial for investors and users alike.
    70% of the pre-sales funding and 90% of the ETH donated through ICO will be credited to the
    first prize, with the exception of only 10%. The Lotto Game, which does not emit 1st place, makes

    no sense. Do not pay taxes to the government any more of the winnings anymore. Do not take
    damage due to lump sum payment.
    * Coin-Bet now starts - Please read this white paper for details
    1.Overview
    Statistics from statista.com show that the global gambling (on-line, off-line gambling) market
    USD 2.05 billion in 2009
    USD 3.79 billion in 2015
    USD 4.71 billion in 2017
    It is expected to rise to USD 59.7 billion in 2020.


    The ratio of double lottery is more than 30%. This is due to the fact that it provides a healthy
    entertainment on the assumption of a certain Dead Sea Castle as compared to a gambling game

    like poker, and it is issued by governments around the world and provides lotteries for the
    purpose of securing financial resources.
    Japan is a business that does not have enough objectivity to recognize it as one of leisure.
    In the lottery industry, which accounts for more than 30% of the gambling industry, 90% are made
    by offline purchase.
    This may be due to the old custom of not being able to escape from the familiar frame.
    As seen in market indicators, lottery is the largest social entertainment game in the world.
    As the spread of the Internet and smart devices grows exponentially and the number of devices
    connected to the network grows, the number of users enjoying lottery tickets online is also
    increasing.
    The online lottery market can be estimated to grow at a rapid rate of about 10 ~ 12% per year.
    In conclusion, the online lottery and gambling market using online cryptocurrencies
    ("cryptography") is sure to be a business with unlimited growth potential.
    However, passwords alone can not solve all of the current problems, and the industry has not
    been able to solve them, especially with respect to fairness, transparency and withdrawal.
    A new approach to gambling has been found thanks to the block chain.
    Gambling is one of the thousands of applications of block-chain technology that can change the
    rules of the industry forever. Using block-chain technology for the first time in gambling history,
    industry athletes have been able to witness the transparency they had never seen before.
    Now Smart Contract can solve these important problems. All WE processes are guaranteed with
    full transparency.
    Unlike the "Fair Play Guarantee," which allows you to see the game results in the existing
    password cash lottery, Coin-Bet itself completely eliminates the possibility of manipulation. This is
    possible with the Ethereum Smart Contract concept.
    The marketing component of the lottery is implemented based on Smart Contract and can
    provide convincing to players, partners and Coin-Bet token holders.
    In keeping with this, Coin-Bet ("We") intends to provide a lottery game service based on the
    Cryptocurrencies Ethereum Smart Contract ERC20, which can be used as a substitute for
    "money" worldwide. This is not an innovation, it can not.

    Some of us have been trying to do similar services before, but most of them have not been able
    to provide services to this day.

    Distributed ledgers are an innovative system controlled by a decentralized BlockChain Smart
    Contract that does not stay in the existing centralized system.
    We have taken advantage of this and have decided to introduce a distributed led system, so that
    not all contracts are accessed by third parties, developers, or administrators, but are exposed by
    Block and controlled by Smart Contract, It is also a new type of lottery service by introducing a
    transparent and fair system that makes it impossible at the source. All contracts are automatically
    controlled. All transactions are automatically stored in the BlockChain and are automatically
    controlled by Smart Contract. This results in complete transparency. This is an unquestionably
    magnificent service that we believe will be a culture that everyone in the world can enjoy
    together without belonging to a specific area, and we stand at the beginning.

    CoinBet Operations

    CoinBet Smart contract has completed most of the initial platform work step by step, launching
    the ICO before launching the formal service, and launching the trial service with the goal of giving
    the final test and users fun and experience and providing statistics to investors.


    The overall system operation is controlled by the ERC20 Smart Contract, which is important to
    suggest that no one can be involved in the operation of the system. The Ethereum algorithm will

    be transparent and open to democratic services through voting. This can be checked at any time
    through Smart Contract Source Code.


    4.Coin-Bet Contents
    Coin-Bet is an addictive lottery game system that aims to increase the chances of winning and to
    release a number of first-place winners. There is a person who likes a big amount of money, but it
    is for those who want to earn a small amount of money quickly.
    The biggest drawback of existing on-line and off-line lotteries is that they greatly increase the
    chance of winning, providing a game with high payouts and a low probability for players who
    want a high cumulative winnings.
    1. 3-digit lottery ticket
    - 0.01 ETH
    - Select 3 out of 0 ~ 15 numbers.
    - Match the last 3 digits of the third block found after purchase.

    2. Six-Lot Lottery
    - 0.005ETH
    - Select 6 of 0 ~ 15 numbers.
    - Match the last 6 digits of the third block found after purchase.
    Application rule
    Hexadecimal: 0 1 2 3 4 5 6 7 8 9 a b c d e f
    Decimal number: 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
    If the height of the found block is 334788
    The hash address is
    0x71a9eebdfdcd87ab58c69f1475723a9ae9de62c6dea77a216d0e327663847d9f
    The final three digits d9f = 13, 9, 15 determine the winning number
    The final six digits are 47d9f = 4, 7, 13, 9, and 15.

    Coin-Bet ICO

    Our Initial Coin Offering (ICO) will issue a total of 300 million LOTC tokens.
    This is controlled by the Ethereum Smart Contract.
    Pre-sale of Coin-Bet's LOTC lasts for one week.
    The Crowdfund total goal is 100,000 ETH and the maximum purchase amount has not been set.
    The LOTC will be registered at a later exchange, and the Ticket sales proceeds of Coin-Bet will
    be distributed on a monthly basis, depending on the LOTC holdings. Once registered on the
    exchange, LOTC holders can sell at all times and we are not involved in this
    We are all determined by Smart Contract.



    Unlike other ICOs that are under development or scheduled to be developed, we provide fun to
    users and clear statistics to investors from the ICO ad launch time. Daily GMT + 12 Sales Volume
    Winners Update your reports such as winnings and make them visible to both users and
    investors. This will be a key indicator for investors and users to make investment decisions.
    The total volume is 300,000,000 LOTC

    The hard cap is 100,000 ETH.

    Minimum purchase quantity is 0.05ETH
    1 ETH = 2,000 LOTC.
    Pre-sail schedule is as follows.
    The maximum amount of funding during the pre-sail period is 5,000 ETH, and when it reaches
    5,000 ETH, the pre-sail is terminated.
    30% of pre-sail raised ETHs are used as ad 16%, bounty 2%, OPERATOR 10%, DEVELOPER 2%.
    Stage 1: Pre Sale Market Value: 5,000 ETH
    ★ Day 1: 40% Bonus
    ★ Day 2: 35% Bonus
    ★ Day 3: 32% Bonus
    ★ Day 4: 29% Bonus
    ★ Day 5: 26% Bonus
    ★ Day 6: 23% Bonus
    ★ Day 7: 20% Bonus
    The ICO schedule is as follows.
    It lasts for 60 days after Pre-Sail is over.
    ➢ ICO ~ 10 days: 15%
    ➢ ICO ~ 10 days: 10%
    ➢ ICO ~ 10 days: 5%
    ➢ ICO ~ 30 days: no bonus
    10% of the total amount raised by ICO will be spent 3% maintenance 3% OPERATOR 2%
    DEVELOPER 2% in the bounty program.


    Unsolded items will be burned and the amount of Coin-Bet will be incinerated not to exceed
    33.33% in proportion to sales volume. If 100 million LOTC out of 200 million LOTC are sold, then
    Coin-Bet's holdings will be incinerated with 33,300,000 out of 100 million LOTC. Coin-Bet does
    not exercise voting rights if there is a proposal for a proposal through a subsequent vote.
    The hard cap is 100,000 ETH, 80% of the ETH excluding 10% is earned as the 6th lottery first
    prize money, and it is accumulated as the first 10%

    CoinBet fund distribution

    The operating revenue of Coin-Bet runs on all nodes equally connected. Depending on the Smart Contract, it will be automatically distributed monthly according to LOTC reserves. When the monthly total sales amount is 10,000 ETH, 70% is used as the lotto reserve, and the total revenue is 30% and 3,000 ETH is calculated as total monthly revenue. It will be automatically settled to the ETH wallet every month according to the amount of LOTC of 3,000 ETH. If you sell your LOTC through the exchange, you will not be able to receive the settlement.

    Roadmap:


    sa

    Links:


    https://www.coin-bet.bet/

    WhitePaper (EN)

    WhitePaper (KR)

    https://www.facebook.com/coinb...

    https://twitter.com/coin_bet

    https://bitcointalk.org/index....

    https://t.me/joinchat/AAAAAEPF...





Looks like your connection to Cryptocentral was lost, please wait while we try to reconnect.