InsanityBets attracts attention with successful presale

Mechanisms like token burning and liquidity provision ensure long-term value

In the vast world of cryptocurrencies, there has been a buzz surrounding InsanityBets ($IBET) as it concludes a successful presale, coinciding with the recovery of other major cryptocurrencies and the record-high rise of the price of Bitcoin.

InsanityBets ($IBET) is a relatively smaller player with significant potential. Notably, InsanityBets stands out by integrating cryptocurrencies into online gaming through its cross-chain gaming and gambling platform.

This initiative has garnered interest due to several factors. Firstly, InsanityBets introduces a decentralized gaming platform featuring games such as Coin Flip, Rapid Chess, and Dice, thus transforming online gaming through the integration of cryptocurrencies in player-vs-player (PvP) battles.

Secondly, InsanityBets employs innovative fairness technology by utilizing Chainlink VRF for RNG, ensuring fairness and transparency and establishing new benchmarks within the gaming industry.

Lastly, the InsanityBets DAO empowers token holders to shape the platform's future trajectory, granting governance control to its users.

$IBET distinguishes itself by offering real utility and entertainment value to its users. It incentivizes participation with real yields from transaction fees, ensuring a stable economy within its ecosystem.

Additionally, mechanisms like token burning and liquidity provision ensure long-term value appreciation and engagement for stakeholders.

Utilizing mechanisms such as $bIBET for token burning and £ILP for liquidity provision, InsanityBets guarantees long-term value appreciation and offers various engagement opportunities for its stakeholders.

Stakeholders can assume the role of the house by minting $ILP tokens using $USDT with more options expected soon. As the house, stakeholders will receive 85% of all wins and losses from players' bets.

Token holders also have the option to stake or burn their $IBET tokens to earn real yields from various sources such as trading fees, ILP fees, and game-winner fees. Stakers receive 35% of all fees, while 50% of all fees go to burners.

To learn more and potentially win up to $1000 in $IBET (limited to the first 1000 users), interested individuals can join the InsanityBets Telegram group.

InsanityBets is not the only emerging crypto betting platform attracting attention to its presale. BetRoyale, an online crypto casino based in London, successfully raised over $500,000 in its initial presale stages.

Meanwhile, emerging platforms like PlayBit Casino and Meme Pillagers have also made strides with their presales, showcasing innovative revenue-sharing models and unique functionalities like ERC-404 NFTs and blockchain-based inscriptions.

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.

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