GambleFi is Hot: Why New Crypto Coin Insanity Bets Could Pump in 2024
Insanity Bets ($IBET) is running a hot presale that has been attracting widespread attention from across crypto communities. The gambling industry’s remarkable growth is driving traffic to the presale. Online platforms have made gambling games more accessible to a broader audience, regardless of how small or large their budget is.Thanks to the surge in interest in online gambling, the last few years have also seen the emergence of a diverse range of games with captivating themes.
The Next Big GambleFi Project?
Insanity Bets is a new gambling venture that is expected to make a significant impact upon its launch on crypto exchanges. The platform offers a wide array of gambling games that elevate the industry standards.It is focused on establishing an ecosystem that not only benefits its own growth but also prioritizes the welfare of players and liquidity providers (ILPs).By choosing blockchain technology, the project aims to be at the forefront of revolutionizing the gambling sector. The decentralized and transparent nature of the project has instilled confidence in users. It encourages their participation through the notion of investment returns as well as attractive passive income.
GambleFi is expected to undergo substantial growth in the coming years through its integration with blockchain technology. It offers enhanced capabilities for global coordination.In the growing sector, Insanity Bets challenges the problem of saturation. Although new projects are entering the GambleFi niche all the time, they lack originality and quality.Standing apart from the trend of merely replicating existing platforms and prioritizing short-term gains, Insanity Bets ($IBET), introduces innovative features and functionalities to the market with a more balanced approach.
Transparent, Decentralized, and Credible
Insanity Bets puts forward innovative offerings that cater to the requirements of both beginner and seasoned gamblers. Interactive side bets, dynamic slots, gamification elements, and more, are part of the project’s library. As part of becoming a central hub for the gambling community, Insanity Bets has been inviting developers from various blockchain networks to integrate with its ecosystem and develop their own games using its CasinoFi contracts.
Transparent financial operations further add to the appeal of the platform, improving user trust and engagement. The decentralized framework powered by blockchain technology even allows users to monitor the size of the house treasury (ILP) in real-time. Another benefit of this approach is prompt payouts for winners.A common concern in traditional casinos is scalability issues, which can limit bet sizes and user participation. But this is not a hurdle for Insanity Bets.
It adopts an ambitious strategy by incorporating tokenomics and GMX-inspired tools. That paves the path for security and fairness without compromising on scalability. Insanity Bets joins forces with Chainlink VRF to host a transparent gaming experience for Insanity Bets users. IBET audits are being conducted by top cybersecurity firms like SolidProof and Cyberscope, reinforcing its reliability and security standards.The Insanity Bets DAO serves the decentralized vision of the project, actively contributing to the platform’s community-driven model.
Compelling Passive Income Opportunity
Insanity Bets presents a staking program that is designed to generate real value within its ecosystem. It benefits from long-term sustainability due to its liquidity strategy.
- The $ILP token serves as an index reflecting the diverse crypto pools within the platform.
- Investors can mint $ILP tokens by depositing assets like $USDT, $ETH, $WBTC, or $IBET into these pools.
- $IBET (native crypto), staked $IBET ($sIBET), escrowed $IBET ($esIBET), and burned $IBET ($bIBET) are part of the platform’s native token ecosystem.
- Staking $IBET, users can earn real yields from various sources like trading fees, ILP fees, and game-winner fees.
Here’s a breakdown of how fees are distributed:
- 35% of all fees are allocated to stakers.
- 50% of all fees go towards burning $IBET tokens.
- Minted $ILP holders receive 90% of all wins and losses from players’ bets, ensuring sustained profitability.
$ILP tokens are automatically staked after minting, creating the house fund to manage wins and losses. $ILP holdings can be turned back into their original currency at any time.
$IBET is Now Selling For Discounts Before Exchange Launch
$IBET is the central token of the Insanity Bets ecosystem. Early investors can buy the token for discounted prices to get a strategic entry point into the investment.
Following in the success of GambleFi projects like Rollbit, which surged close to 6000% in 2023, Insanity Bets is looking at a bright road ahead. If the growing presale momentum is any sign, the project has the potential to amass a large community of investors over the next few months.
That would drive the demand and price of the token, raising $IBET token to the top chart. The $IBET presale is structured into 15 stages. The earlier you join the presale, the higher the presale discount.
Disclaimer: The text above is an advertorial article that is not part of Cryptonews.com editorial content.
