Insanity Bets: $1M Insanity Jackpot And More Reasons Why the GambleFi Project is Trending 

The post Insanity Bets: $1M Insanity Jackpot And More Reasons Why the GambleFi Project is Trending  appeared first on Coinpedia Fintech News

Insanity Bets ($IBET) is once again in the spotlight. The project has been garnering a lot of attention since it announced its presale. But now, it is in the headlines for its $1M presale giveaway!

$IBET presale participants will compete for the $1M Insanity Jackpot. One fortunate investor will walk away with the entire $1M prize in the end. 

There is More

To join a presale just for a $1M jackpot makes sense. People invest in meme coins all the time, and that is an even bigger bet. 

But the Insanity Bets presale is not just a ticket to the Insanity Jackpot. 

It can be best described as one of the compelling perks that come with purchasing $IBET tokens early. But the true allure lies in its substantial investment potential.

Insanity Bets is a premier new GambleFi project poised for significant growth and expansion in the coming years. An analysis of the white paper and website shows what the project is capable of. It has the potential to radically transform the online gambling sector through transparency and decentralization. 

Strategic investors have uncovered a hidden gem through the ongoing presale of $IBET tokens. It plays a pivotal role in the platform’s staking mechanism as well. The passive income model is implemented for individuals who are not interested in gambling but recognize its value as an investment. 

For them, crypto staking presents a compelling opportunity. 

Factoring in the robust staking mechanism and the high-quality gaming dashboard, Insanity Bets is set for large growth in the coming years. Games like Coin Flip, Dice, Rock Paper Scissors, Roulette, Keno, Hi Lo, Crash, Blackjack (towards the end), Poker (towards the end), and Slots 5×5 will attract a large user base for Insanity Bets. 

The Growing Interest in GambleFi: Explained

The gambling industry is growing rapidly. The move to the digital world has benefitted the industry immensely. Online games are more accessible and affordable.

But what about the security concerns that have long plagued the sector?

It’s true that the gambling industry has long grappled with credibility issues. The online gambling sector is no exception, sadly. It has been plagued by manipulation, fraud, and scams over the years. 

This is where GambleFi enters the picture. 

It represents a shift towards transparency and decentralization, thanks to its blockchain foundation. GambleFi projects offer increased security and transparency through smart contracts, visible and verifiable by anyone, minimizing the risk of manipulation and fraud.

Another advantage is decentralization. Platforms like Insanity Bets empower users by giving them a stake in the house. By investing in the native token $IBET on a budget, they are entering the gambling sector with a healthy risk-reward ratio. It helps them capitalize on the industry’s substantial growth potential. 

Since GambleFi houses are designed to maintain profitability, interest in GambleFi is on the rise. An outstanding example is Rollbit, which saw a nearly 5000% surge in 2023. 

Insanity Bets has the potential to further revolutionize the industry through gripping games across niches like casinos, sportsbooks, prediction markets, and lotteries. With a lower initial market cap, Insanity Bets could offer higher returns to early investors than established leaders like Rollbit. 

Staking System and Passive Income Incentivize Token Holding, Minimize Sell-offs

A range of reward mechanisms and token derivatives are implemented to protect the tokenomics and ensure its longevity:

• $sIBET (staked iBet): This derivative receives 35% of all platform fees and can be exchanged for $IBET tokens.
• $bIBET (burnt iBet): These tokens are created by permanently removing $IBET tokens from circulation. $bIBET holders receive 50% of the platform fees.
• $esIBET (escrowed iBet): This staking derivative automatically rewards $sIBET holders, allowing users to compound their staking rewards.
• The platform introduces $ILP, which represents an index of $USDT, $ETH, $WBTC, and $IBET pools. Investors stake these assets to mint $ILP tokens.

Although $ILP is mentioned last, it is crucial to the scalability of the platform. It fuels the house fund and enables larger bets. People who mint $ILP tokens are rewarded with 90% of the house’s profits (and losses) from games.

Insanity Bets maintains a provably fair house edge of 1% to 5%. That reduces the risk of long-term losses. Single-sided, $ILP eliminates impermanent loss well. A cap on bet size is further implemented to ensure platform stability.

The Sizzling $IBET Presale Shouldn’t be Missed

Insanity Bets has kicked off a $1M giveaway to take $IBET presale to more investors. 

The presale is hosted in multiple stages, featuring substantial discounts for early participants. A carefully structured 80-week vesting schedule for team allocations underscores the project’s integrity.

For the latest presale updates, stay tuned to Insanity Bets on Twitter and Telegram.

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