With the crypto gambling ecosystem currently sitting at $250 million in market size, there is still a lot of room for growth. As a result, decentralized casinos have emerged to offer investors the opportunity to grow their wealth by playing games and contributing to the growth of the casino ecosystem. InsanityBets is the latest casino presale project that offers investors this opportunity. InsanityBets bills itself as the “pinnacle of decentralized casino gaming” and is unique in that it introduces “CasinoFi”. This guide will cover how to buy InsanityBets tokens and why they are a good investment. Here’s how to buy InsanityBets: The first step is to visit the official InsanityBets website. Make sure to only use affiliate links for this process. The second step is to connect your wallet. Once you are on the website, go ahead and connect your wallet. Make sure you have enough cryptocurrency to exchange for IBET tokens. The third step is to buy InsanityBets tokens. Go ahead and buy InsanityBets tokens. InsanityBets is a unique CasinoFi ecosystem that allows users to play games and become landlords for real money. The entire ecosystem is designed to give 85% of the platform’s revenue back to the community. The platform has enacted a staking model similar to most utility-based projects. However, this is the first attempt in the blockchain space. With the IBET token, users can buy it and stake it to earn returns from transaction fees, ILP fees, or game winner fees. These returns account for 35% of the total amount that the community can extract from the ecosystem. The remaining 50% in rewards comes from the token destruction mechanism, which introduces deflation to the token, allowing it to grow further. The platform offers games with fair game elements. These games are unique and simple. In addition, InsanityBets is developing a set of tools to help developers. They can use the platform's "plug and play" feature to create their own front-end games, which are powered by InsanityBets' CasinoFi contract. This further adds an element of decentralization. IBET is the native token of the InsanityBets ecosystem. As a tool for interacting with InsanityBets' CasinoFi, the IBET token has several uses. The platform says its utility is "unknown" and supports IBET in different ways to interact with the ecosystem. There are three types of IBET tokens. Staked IBET tokens ($sIBET), escrowed IBET tokens ($esIBET), and burned IBET tokens ($bIBET). These variants make IBET tokens more useful, bringing deflationary properties to InsanityBets, making it a future-proof casino platform. Staked IBET tokens will be used to promote participation and simplify the process of entering the ecosystem. The process of staking and unstaking is seamless and can be done at any time. Staked IBET tokens will give users the opportunity to earn real returns generated through ILP. In addition, the distribution of $stIBET will stabilize returns to ensure that the annualized return percentage (APR) determined by community voting is met. Staking will also reduce fees for stakers. Burned IBET tokens ($bIBET) will limit the supply of IBET tokens. This is part of the 85% real return rewards provided by InsanityBets. Burning tokens will also bring exclusive rewards to burners, including the highest fee percentage of all $IBET derivatives. The official whitepaper describes ILP as an index of the current pool, which includes USDT, ETH, WBTC, and IBET. In order to mint ILP, users must deposit one of these assets, which InsanityBets uses as a fund for house payments, for profits and losses. $ILP will be staked quickly after minting. It can also be destroyed and redeemed for real value. These factors make IBET a cryptocurrency of the future. A critical analysis of this token allows us to look at its token economics, which, despite having certain centralized elements, provides a solid direction for the stable growth of the ecosystem. InsanityBets has 5 billion IBET tokens. The token economics of InsanityBets is not completely decentralized, which means that the entire supply of tokens is not fully used by the community. However, since a portion of the assets are in the hands of the team, it is possible that it will receive more venture capital support in the future, allowing it to develop along its established growth path. Nevertheless, the majority of the tokens will be allocated to the community. 50% of the total supply, or 2.5 billion IBET tokens, will be distributed to the community. This will ensure that the project receives the initial funds needed for development. In addition, through staking, many of these assets will be returned to investors through staking. To ensure that InsanityBets can fully develop without any troubles or obstacles, the developers allocated 30% of the total supply, or 1.5 billion tokens, to the team (InsanityLabs). This will add a homogeneity to the project, ensuring its growth. The team will have an 80-week lockup period, which is locked through a smart contract. After the 80-week lockup period is over, the tokens will be released. This ensures that there is no malicious dumping of tokens at critical points. The total supply of 10%, or 500 million tokens, is allocated to the managed IBET tokens ($esIBET). These are managed staking reward tokens. According to the official white paper of the project, these tokens will be released to increase returns if the real returns that the ecosystem should generate do not reach the target percentage. These tokens will be distributed to holders of $ILP and holders of $IBET. The total supply of 5% is used for exchange listings. Including DEX and CEX. Once the listing provides more liquidity for the token, the developers will lock the remaining tokens for two years. After the time limit is over, a community vote will determine the time to re-lock liquidity. The total supply of 5% will be used for airdrops to further develop the project and attract more users. The airdrops will be done completely randomly, a decision made by the developers to prevent any malicious attacks. The complete steps for buying InsanityBets tokens are as follows: The first step is to visit the official website. The website has a beautiful design and gives a clear understanding of what it offers. Scroll through the page to get an in-depth understanding of the project. Also, make sure to read the whitepaper to get an in-depth understanding of the project. Please note: only use affiliate links to visit the official website. The crypto market is bullish right now, and many copycat brands have emerged to take advantage of the situation. The second step is to connect your wallet. Click on the Buy button at the top of the screen. This will take you to a dashboard-like page that you need to use to connect your wallet. But first, choose the cryptocurrency you want to exchange with IBET tokens. The purchase limit is $50. The tokens that can be used include USDT, LTC, DAI, ERC, BTC, ARB, LINK, ADA, MATIC, and more. Once you have at least $50 in any of the above assets, you can go ahead and connect your wallet. If not, we recommend heading to Binance to buy these tokens. The third step is to buy IBET. After connecting your wallet, you can now purchase tokens. Enter the number of IBET tokens you wish to purchase and then make the exchange. The tokens will be allocated to you. You will be given access to these tokens after the presale ends. InsanityBets has some unique features in the market. Most Bitcoin casinos only offer simple staking rewards to investors. However, InsanityBets’ reward model and community involvement are much more sophisticated. Here are some of the factors that make InsanityBets unique. Community involvement is the first factor that makes InsanityBets unique in the market. Multiple DAO cryptocurrencies existed before, but their implementation was too technical. InsanityBets is a DAO cryptocurrency that leans towards inclusivity by offering a familiar ecosystem and providing users with a more comprehensive way to participate. Traditional staking rewards rely primarily on the number of staked tokens to give users a higher annualized percentage yield (APY). While there is nothing wrong with this approach, it also has limitations. InsanityBets goes beyond this. In addition to offering an APY based on the number of tokens staked and the length of time they are held, InsanityBets also offers additional rewards. These include reduced victory fees, early access to new games, and priority matching rights for PVP games. There are five tiers to this structure. The Fish tier is for users who stake 1 million IBET tokens. They can get discounted Dolphin fees and Victory fees. The Dolphin tier is for users who stake 5 million IBET tokens. They will get reduced Dolphin fees, discounted Victory fees, and early access to games. The Shark tier is for users who stake 7.5 million tokens. Their Shark fees and Victory fees will be further reduced, they will get early access to games, and have the third-highest priority in matching for PVP games. The Whale tier is for users who stake 20 million IBET tokens. They will get more Orca fees and Victory fee discounts. In addition, they will be given the second-highest priority in matching for PVP games. The Humpback tier is the highest tier. Staking 20 million IBET tokens will bring this feature to users. They will get fee discounts, early access to games, and the highest priority in matching for PVP games. InsanityBets is one of the few decentralized casinos that has created derivatives of its core asset. The division of IBET into esIBET, biBET, and ILP enhances the utility of the token and makes it more attractive. The games offered by InsanityBets are quite simplified. Although it does offer traditional games like Slots, the main focus is on games like Rock, Paper, Scissors, Coin Flip, Blast Off, etc. After doing a significant analysis of the project, we have come to the conclusion that InsanityBets is a good investment. Here are the reasons. Bullish Market. The success of a crypto project also depends on the current ecosystem. At the time of writing, the market is bullish. Bitcoin is rising. Although the halving is coming, many experts like TodayTrader say that Bitcoin will perform well after the halving, which also means that other coins are performing positively for this reason. Multiple Ways to Make Money. InsanityBets is designed to help investors earn returns through staking and playing games. By offering additional benefits to stakers like discounts, InsanityBets incentivizes more people to participate in its ecosystem. This approach will attract more people to the casino, thereby allowing the IBET price to grow. Long-term Upside Potential. Many of the major coins that have experienced an uptrend recently are meme coins. Although these short-term assets have seen crazy gains in the short term, most of them have since fallen sharply. On the other hand, InsanityBets gives users the opportunity to gain long-term upside potential. It may not experience explosive growth once it is listed on major cryptocurrency exchanges, but the combination of staking rewards, gaming, and token burns could pay off over time, allowing users to earn steady returns. Accessible Roadmap. InsanityBets is not making all that big of a promise to investors. The roadmap it has laid out is filled with community engagement and viable implementation of blockchain technology. From community-led initiatives to support for developers, all of these have the potential to make its initial vision a reality, allowing it to grow. Multiple Audits. InsanityBets has been audited by SolidProod and CyberScope. This has enhanced the trustworthiness of the project, allowing it to attract more risk-averse investors. InsanityBets has established a good presence on social media. It is currently active on Twitter and Telegram. However, since it wants to always provide support to interested parties, it also provides an email as well as an active presence on social media. Here are the links to these pages. Twitter, Telegram, Email, Medium. InsanityBets is a project that has caught the eye right out of the gate. With over 70% of the second phase presale already completed, it is advancing its initial product in an elegant way not often seen in the crypto space. Its utility has attracted investors. The increase in the tiered staking reward model, due to the games it offers, may attract institutional investors into the ecosystem. Therefore, those interested in participating in this project can head to insanitybets.com.
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