Decent.Bet or DBET is an online casino that offers services like virtual gambling and sports betting. The games that can be found in this platform are sports bets, slots, craps, and roulette. DBET platform uses ERC-20 as tokens. However, in reference to other online casinos and sports betting platforms, DBET is transparent because it uses Ethereum blockchain. Ethereum Blockchain offers decentralized intelligent contracts that oblige DBET to be transparent to its customers. All profits of the shareholders are under the Ethereum Blockchain contract thereby ensuring that all the winners are visible to the blockchain.
Is the platform decentralized?
DBET is a decentralized platform and the revenues are distributed equally to its customers. The customers of DBET are likewise shareholders of the platform. Customers contribute 10% of the founder’s shares to charities around the world, and 5% of the household’s income is used in a quarterly lottery where shareholders can join if they have a minimum of 1,000 DBET (1000 DBET - one entry).
The People Behind DBET
Decent.bet was founded by the current CEO Jedidiah Taylor, a serial entrepreneur who has held various C-level positions such as CEO, CFO, and COO throughout the technology industry. Taylor started her first company at 23 years old — an online sports betting coverage system that carried around $ 7 million a month.
Other key members of the team include Adrian Scott, Ph.D. (Senior Director for Technology), Rev Nissan (President and Co-Founder), Kurt Connolly (COO), and Chris Hensley (VP for Marketing).
Notable Features of DBET
Buying of house shares: You can buy shares of the house for DBET tokens. The DBET tokens are then deposited in the house before the beginning of each quarter. In return, the shares are issued in a 1:1 ratio.
Lottery system: 5% of all the profits generated in the house will be used automatically to finance a quarterly lottery. A shareholder will randomly be selected each quarter to receive the full amount of the jackpot.
A Roadmap (white sheet): Decent.bet will open its API and its custom homes for third-party developers, allowing them to build personalized lines and PIs on the platform. In the future, the developers of Decent.bet visualize initiatives led by developers as “initial purchases of the house,” which is very similar to the one behind the ICO.
- Despite its complexity, DBET is still a very good initiative.
- It offers many solutions mainly to people who enjoy playing in cryptocurrency casinos.
- Good reputation throughout the internet.
- It has a fairly well-functioning structure
- Very little amount of deposit method
Decent.bet (DBET) is an online casino that provides sports betting and various games of chance. The transactions and benefits obtained in this platform are under EtherClockchain and Smart Contracts. DBET uses ERC-20 to place bets. In conclusion, this platform offers many benefits for people who are involved in online gambling/gaming.