Insanity Bets presents diverse passive income opportunities

$ILP index allows staking $USDT for 90% of wins and losses

Insanity Bets, a fully audited platform within the CasinoFi ecosystem, is reshaping the way players engage with casinos, offering novel avenues for passive income.

Unlike traditional casinos where the house always wins, Insanity Bets empowers players to act as the house, earning from the platform's revenues. This innovative approach is made possible through the $ILP index and $IBET token.

The $ILP index allows players to stake $USDT and receive 90% of the wins and losses from player bets, fostering a unique opportunity for passive income generation.

Moreover, with a diverse array of tokens including $USDT, $ETH, $WBTC, and $IBET, the liquidity pool ensures flexibility and accessibility for participants.

To guarantee fairness, Insanity Bets employs the services of SOLIDproof and Cyberscope, two esteemed security firms, ensuring a transparent and secure gaming environment.

Additionally, the integration of Chainlink VFR RNG further enhances the platform's credibility.

Meanwhile, the $IBET token presents another avenue for passive income. By staking $IBET, users can earn Staked $IBET ($sIBET) and a share of protocol fees, with the potential for increased rewards through long-term staking multiplier points.

Furthermore, the option to burn $IBET for $bIBET provides enhanced revenue opportunities for token holders.

Currently, the platform's presale phase is underway, attracting significant interest from investors seeking early entry. With a total token supply of 5 billion, the presale offers half of this supply to investors, with the remainder allocated for various purposes including escrowed tokens ($esIBET), exchange listings, airdrop rewards, and team allocation.

Notably, the team allocation demonstrates a long-term commitment to the platform's success, with a vesting schedule spanning over 80 weeks.

During the presale, tokens are available at an initial price of $0.0015, with subsequent stages witnessing price increments, culminating in a listing price of $0.018. This progressive pricing strategy incentivizes early investment, potentially offering substantial returns for presale participants.

Other burgeoning crypto betting platforms are also making waves with their presales. BetRoyale, an online crypto casino headquartered in London, has garnered significant attention by raising over $500,000 during its initial presale phases.

In parallel, emerging platforms such as PlayBit Casino and Meme Pillagers have also gained momentum with their presale endeavors, introducing inventive revenue-sharing frameworks.

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by Silvia Pavlof

Silvia has explored various forms of writing, ranging from content creation for social media to crafting movie scripts. Drawing on her experience as a journalist specializing in the gambling sector, she is currently investigating the impact of cryptocurrencies and blockchain on traditional gambling and iGaming.

Similar News