Connect with us

Analysis

ICO Analysis: Decent.bet

Published

on

The concept of Decent.bet’s crowdsale is not overly complicated, so we won’t give an overly complicated explanation. In essence, they are selling 250,000,000 tokens which can later be exchanged for “house credits” on an exchange they will build. These house credits are locked for three months by the house which uses them, as the platform can be used by other casinos as well, and at the end of that period the user redeems the credits that were locked, plus profits, which they can then sell for DBET tokens, which can be traded for Ether and such.

// -- Discuss and ask questions in our community on Workplace.

Thus, if you’re betting on these tokens, you’re betting on their utility being potentially very lucrative. This would drive demand for the tokens. According to the whitepaper, 70% of the tokens generated will be the ones sold to the public. 30% in relation to the amount sold will be generated and distributed among the team. This is a bit higher than we like to see.

Also, the tokens distributed during the duration of the crowdsale will represent 70% of the total supply of coins. The remaining 30% will be minted at theend of the crowdsale and would be allocated as follows: 18% time-locked founder’s share –withdrawable after 1year. This incentivizes the Decent.bet team to develop the platform and remain motivated to grow token value at a steady rate. 10% held by thecontract that can only be used to establish the house. This initial deposit into the house will be accounted as a contribution by the founders entitling the founders to the resulting DBET house credits profit. 2% used for bounties –Bitcointalk signature campaigns, Social media campaigns, Blog posts, translations and more.

Full Casino

Decent.bet will be offering a full casino and a lottery, all provably-fair, decentralized, and blockchain-based. This will be a positive offering in the world of Bitcoin gambling, of course. Further, they will offer the ability for others to easily operate their own casinos based on the platform without necessarily directly crediting the Decent.bet team for the work. Which is fine – that’s the idea. If other teams with better marketing want to launch their own full casinos on the platform, that is fine with the Decent.bet team, because it still helps the platform and the token value grow.

 

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Provably-fair gambling is really only just getting started. As cryptocurrencies have become more and more mainstream, more and more people will become interested in them who also are interested in traditional gambling. When you realize that the house is unable to cheat through the miracle of cryptography, and that you can gamble 24 hours a day, a lot of people flock to it. Gambling websites are some of the most popular Bitcoin destinations at present. At any given time, sites like PrimeDice or Stake have thousands of people on them.

The point is that, properly done, blockchain gambling can be an extremely profitable endeavor for the operator, and anyone who invests in them. That’s why we have to carefully consider the offering here.

Unfortunately, this author and analyst does not feel that we have enough to really evaluate. The author is not an advisor, he just analyzes what the ICOs offer and issues a rating based on his long experience as a cryptocurrency enthusiast and investor. The numerical rating on this ICO is going to be low at this point because:

1) we don’t know enough about the people who are operating the ICO, and therefore we have no reason not to believe they’ll simply exit scam.

2) there is a barrier to liquidity and exit, and also 3-month lock-ups for profit are significantly long in the cryptocurrency world. When pitted against every other ICO offering which could yield high returns, we have to rank this one lower.

Is there a chance they’re simply going to run off with the Ether raised? Of course there is! We don’t know an awful lot about the team to begin with. We have to be wary on these grounds, and deduct points based on such a rubric as: there have been other successful ICOs where the people behind it were unknown, but they’re few. We have to caution against anything anonymous, because there are so many options which are not. You could take the same money you might invest in this project and put it in something that Vitalik Buterin touches (OmiseGo, for instance), and probably make a profit. So why recommend things that we can’t be sure of?

Sure, we like the sound of this project.

Great In Theory

The advent of good gambling platforms, like DAO.Casino or even potentially this one, means a lot of money can be made by those who are savvy enough to invest in the right plays. We wish we could truly say this would be a safe one to dump some coinage into, but we can’t, at this point, fully recommend it. Perhaps a cautious, small amount of investment would be appropriate, once they release the details of what they want to charge for the tokens at the outset.

One thing that will have to happen for this to be a profitable endeavor for the token buyer is that exchanges will have to list the DBET ERC20 token right away. This would provide everyone a cushion to get out if they so choose. Without this, the thing is really dead in the water, because the actual liquidity of the token may be wildly different than people expect if they lock their tokens up in casinos before they’re actually able to know what the tokens are worth.

However, the idea that people might get involved just for the prospect of getting more tokens is absurd. In the end, if you’re investing, you want to be able to cash out to something that is good as gold, like Ether or Bitcoin, not more of an unknown token that you purchased solely to invest with.

Perhaps the token would be better if it could be directly invested, instead of exchanged for house tokens. That part is just another barrier to the realization of profit, it would seem, although the purpose appears to be to allow various houses to offer credits for sale to investors. These house credits are later returned with a profit – they are used to stake the house bets. Then, the investors are of course free to gamble in the houses they invest in, as well, which is an interesting prospect, because the odds of actually losing money are lessened when you get a piece of even your losses. So that’s an interesting aspect, but again, everything hinges on there being some exchange where you can trade with others for Ether once you have increased your holding of these tokens, or established it in the first place, for that matter.

The Verdict

We have to say that if you were to invest in this, the wise move would be to invest very little or post-ICO, once the token is on an exchange other than the one that allows you to trade for house credits.

Risk

The inherent risk here, for which we deduct 3 points off the top, is that the thing does not attract enough people to make any money, so investing in anything that buys you an investment in it is ultimately a waste.

Growth Potential

If the marketing team and the rest are able to generate enough attraction, and enough growth happens around it, then the tokens will be valuable for staking various casinos. As such, given what we’ve seen with the DAO.Casino token:

 

Thus we can say that the amount you should invest really depends on the cost of the tokens, but we definitely want to be fair, so we lend 6 points for the potential that a variety of casinos to invest in presents.

Disposition

As such, we come up with a numerical disposition of 3 for this ICO. We would urge caution in any investment here. Details on the ICO are forthcoming at their website.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Analysis

Technical Analysis: Bitcoin Grinds Higher as Records Tumble in Altcoins

Published

on

The historical surge in the segment, which is the second such move this year, continued today, with another round of break-outs in some of the major altcoins and tepid gains for BTC investors. Ethereum, Ripple, Dash, and first and foremost Litecoin was leading the charge, with the recent star LTC topping $300, just after a day of hitting the $200 mark.

// -- Discuss and ask questions in our community on Workplace.

Litecoin defied all odds after reaching extremely overbought readings, and the coin rode the speculative wave, turning exponential, not unlike IOTA and Bitcoin previously. With the coin being stretched in an unprecedented way on all time-frames, investors could even consider selling their core positions at the current levels, as a deep correction is almost granted in the coming period. The first meaningful support level is found at $125, and a re-test of the $100 level is probable during the next major correction.

LTC/USD, 4-Hour Chart Analysis

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Ripple finally ended a long period of relative weakness today, and the only major on a long-term by signal jumped over primary resistance at $0.26 and crossed the $0.30-$0.32 too in the euphoric sentiment. As the coin is not long-term overbought following the 6-month long consolidation, the buy signal in XRP remains intact, with the only major resistance level being found at the all-time high near $0.425.

XRPUSDT/USD, 4-Hour Chart Analysis

(more…)

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Analysis

Technical Analysis: Litecoin Continues Surge as Bitcoin Tests Highs

Published

on

With the crypto world being focused on the historical futures launch, the major coins all enjoyed buying following a hectic weekend, and a volatile week as a whole. BTC itself got another boost from the widespread publicity and the volatile correction of the recent days ended, with the most valuable coin bouncing back towards its all-time high.

// -- Discuss and ask questions in our community on Workplace.

While the long-term picture remains severely overbought, the short-term picture is not stretched and further gains are possible even amid the elevated correction risk. That said, investors should wait for a more favorable entry point to ad dot their holdings, while traders should control position sizes in the light of the long-term setup. Major support levels are now near $13,000, $11,300, and $10,000, with stronger levels still at $8200 and $7700.

BTC/USD, 4-Hour Chart Analysis

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The major altcoins are all up today, but only Monero and Litecoin are still within short-term uptrends, and the segment as a whole is still dangerously overextended, and a deeper correction is very likely in the coming weeks. LTC continued its recent break-out, getting close to the $200 level, and joining the extremely overbought group regarding the long-term momentum, and triggering a long-term sell signal in our trend model. Key support levels are found $100 at $75 and $64, with a weaker primary level at $125.

LTC/USD, 4-Hour Chart Analysis

(more…)

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Analysis

Long-Term Analysis of the Silver Market

Published

on

Silver

The silver market has once again caught investors’ interest as the price is nearing areas not seen since late 2008.

// -- Discuss and ask questions in our community on Workplace.

2017 started at a low point for silver, and it seems it will end the year that way as well, meaning investors who bought at the beginning of the year haven’t suffered nor gained much.

This doesn’t mean, however, that the price hasn’t moved during the year. After the low start of the year, silver quickly tacked on about 18% to a top of $17.50 per ounce.

In terms of fundamentals in the silver market, things look a bit complicated for 2018. There are multiple forces pulling in different directions for the price of silver going forward:

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Positives

  • A sharp stock market correction can be expected to occur some time in 2018. Most likely, this will happen sooner rather than later. Stock market crashes always trigger a flight to safety, meaning gold, silver, and quite possibly bitcoin, can benefit.
  • We are seeing signs that inflation may be starting to rise again, although this is not confirmed yet. Rising inflation is always good for precious metals.
  • If the US federal budget deficit widens as a result of the new tax reform, the US dollar may suffer as a consequence. Goldman Sachs put out a note to investors in November 2017 saying that the US debt is “on track” to reach an “unsustainable” level in coming years. Fed Chair Janet Yellen has also said about the US debt that it is “the type of thing that should keep people awake at night.” Rising debt levels creates uncertainty about the economy, which is generally good for gold and silver.

Negatives

  • Central banks around the world seem committed to raise interest rates in 2018. Rising interest rates are bad for precious metals because it would make it more attractive to put money in the bank.
  • The cryptocurrency bull market is on track to continue, diverting attention and capital away from precious metals as a traditional store of value. However, this one is uncertain, as it may also be considered a positive in the way that the rise of cryptocurrencies brings the inflationary and unsustainable nature of fiat currencies into focus.
  • The US dollar may have hit a bottom in 2017 and trade higher compared to other major fiat currencies going into 2018. A stronger dollar is always bad for precious metals, which are priced in dollars.

Silver chart

When looking at the chart, we can see that silver is back down to were it started the year, which coincides with a major support area where it has turned several times in the past few years.

From a technical perspective, silver has been trading in a triangle pattern on the longer-term weekly chart, with the price now trading very near the lower end of the triangle, adding confluence to our bias that silver will trade up from here.

Silver failed to live up to our prediction from early 2017, and is now even trading well below the level from that time.

A low price by any measure combined with two major technical support levels adds confidence to our trade and makes silver a low risk and potentially high reward trade for 2018.

Depending on your own strategy and investment style, you may want to wait for the price to break out from the current triangle pattern it has been trading in for the past year and a half. You would then give up some of the potential return for an even safer trade. After that, major resistance is found around $17.50 and $18, with lots of upside potential if we can finally break through those levels.

Featured image from Pixabay.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Continue Reading

Trending