Banking On ICONbet: The ICX Casino Of The 21st Century

[kryptoskrimp3030]

ICONbet is a DAO(decentralized autonomous organization) Casino DAPP in the ICON/ICX platform, in fact it is the first and only DAO Casino in the ICX platform! At the moment there's currently two games on the site, DAO-Roulette and DAO-Dice. With a Third game (DAO-Blackjack) slated to come this month or early March, DAO-Blackjack is currently created as of now it just needs the approval of the icon team at the moment. The way it works is that players bet ICX (stored from their iconex wallet). In order to bet one you to go to Iconbet.io and once there, sign in with their ICONex wallet to chrome, then put your bet in. In exchange they get TAP Tokens (these are the tokens created for the Iconbet gambling platform)  Think of them as Poker chips or Wink tokens except you don't need to freeze these tokens to get your dividends, Everyone that owns tap is also a Casino Owner! .






An amount of 1million TAP is mined everyday (out of a total 293 Million TAP yet to be released/mined), We are currently at 207 days active. With The top wagers eventually getting the most tap that day, and therefore will make the most ICX dividends from that day's mined TAP. The players make ICX dividends based on their TAP percentage ownership in comparison to the daily excess, the breakdown of the Amount of TAP  you receive based on the excess go like: 70% to the players/20% to the founders/ the last 10% is divided amongst the players in the wager war (top 10 ICX wagerers).

My ICX Rewards ​= (0.8 - Wager War) x Treasury Excess x My TAP / mined TAP

TAP Token Mining Payout =  (Individual Player’s Betting Volume / Total Betting Volume)
x 1,000,000

Wager War = 10% of Current Treasury Excess will be sent to top 10 players divided like below:

1st: 25%
2nd: 20%
3rd: 15%
4th: 10%
5th: 10%
6th: 6%
7th: 6%
8th: 3%
9th: 3%
10th 2%


Since January 2020, The average daily dividends for owning one million TAP from ICONbet is 75.33 ICX. One would have to stake an equivalent of 149.269 ICX to get the same results. We have an active and very helpful community on Telegram (t.me/iconbet_official). Since the platform's inception we have been number one in transaction in the ICX blockchain, We are also a P-Rep and i believe we have one of the best active/useful DAPPs in the ICON blockchain.


Iconbet is currently a P-rep (The P-rep name for voting is ICONbet community), and we're already number 34 in the P-Rep rankings with 1,047,309 votes after less than a month as a P-Rep and still climbing! These last two months have been a big leap in our growth, we have a few partnerships and made several strides.


The ICONbet Twitter is: https://twitter.com/ICONbetofficial

The Telegram is: https://t.me/iconbet_official (you can ask any questions or concerns here. Everyone is willing to help and there's always people around to talk to or share thoughts/ideas)

The Iconbet site is: https://ICONbet.io/

These are some Medium articles on ICONbet:

A technical Explanation of how randomization of roulette works on DAO-Roulette
https://medium.com/iconosphere/the-iconbet-dapp-randomization-function-and-verifiability-7f601c3ccbcd


An article talking about how ICONbet contributes to the ICON Ecosystem and most of the recent history of the dapp
https://medium.com/helloiconworld/banking-on-iconbet-the-casino-of-the-21st-century-df15a2c8f98d


An article discussing what could be the possible value of owning TAP
https://medium.com/@iconographicx/whats-the-value-of-iconbet-s-tap-token-f2ce65913667

We just got in partnership with ICX Station this month
https://medium.com/@icxstation/icx-station-announces-support-for-iconbet-5701bfdc8f58



Interview With Ubik-Capital and one of the members of our P-Rep team
https://www.youtube.com/watch?v=4RiS-ySp_1E

[tsaroz]

Nice looking site. The dark theme is great but the sky blue footer gives larger and uneasy contrast while using the site in different conditions.

If you reside in a location where lottery, gambling, or betting over the internet is illegal, please do not click on anything related to these activities on this site. You must be of legal gambling age, depending on your own jurisdiction, to click on any gambling related items. Recognising that the laws and regulations involving online gaming are different everywhere, players are advised to check with the laws that exist within their own jurisdiction or region to ascertain the legality of the activities which are covered.

Tried to play but the first thing it asks for is location. That would be a put down for many gamblers. And with the word age on it, the dapp may even ask for a KYC?
I was not able to login so no idea which of wallets are supported by the dapp.

[kryptoskrimp3030]

Nice looking site. The dark theme is great but the sky blue footer gives larger and uneasy contrast while using the site in different conditions.

If you reside in a location where lottery, gambling, or betting over the internet is illegal, please do not click on anything related to these activities on this site. You must be of legal gambling age, depending on your own jurisdiction, to click on any gambling related items. Recognising that the laws and regulations involving online gaming are different everywhere, players are advised to check with the laws that exist within their own jurisdiction or region to ascertain the legality of the activities which are covered.

Tried to play but the first thing it asks for is location. That would be a put down for many gamblers. And with the word age on it, the dapp may even ask for a KYC?
I was not able to login so no idea which of wallets are supported by the dapp.

Thanks for the feedback

And i understand your concern, that wont be an issue since there's a workaround On Chrome you go to the three dots on the top right, then more tools, you then click developer tools (or you can CTRL+SHIFT+I..i think ctrl is option on a mac). Click the other 3 dots on the developer tools you will get the sensors option. On Geolocation you choose tokyo, berlin or london and it will override the location thing. You will need to download the iconex wallet and deposit ICX there. It's on the chrome store

https://chrome.google.com/webstore/detail/iconex/flpiciilemghbmfalicajoolhkkenfel?hl=en


Theres a second part that people get stuck in. The wallet has a set time amount you have to scroll down and choose 24 hours (to keep you signed in so you dont have to sign in every bet). This video shows you that part

https://www.youtube.com/watch?v=opejb6K7bIw

If you get stuck anywhere let me know, Im always willing to help if im around:)

[kryptoskrimp3030]

Theres also a Light mode if you click on the sun on the right

[Rodeo02]

We can only use your tokens to play right?
Would you plan to add other currency in your sites like popular one which is BTC or ETH.
If we can only play using your tokens this will be difficult for other users.
Unless you have away to exchange to your tokens directly from your site and viceversa.

There are many dapp created now adays i think admin  should  make a seperate section  for this .

[pakhitheboss]

ICONbet is a DAO(decentralized autonomous organization) Casino DAPP in the ICON/ICX platform, in fact it is the first and only DAO Casino in the ICX platform! At the moment there's currently two games on the site, DAO-Roulette and DAO-Dice. With a Third game (DAO-Blackjack) slated to come this month or early March, DAO-Blackjack is currently created as of now it just needs the approval of the icon team at the moment. The way it works is that players bet ICX (stored from their iconex wallet). In order to bet one you to go to Iconbet.io and once there, sign in with their ICONex wallet to chrome, then put your bet in. In exchange they get TAP Tokens (these are the tokens created for the Iconbet gambling platform)  Think of them as Poker chips or Wink tokens except you don't need to freeze these tokens to get your dividends, Everyone that owns tap is also a Casino Owner! .






An amount of 1million TAP is mined everyday (out of a total 293 Million TAP yet to be released/mined), We are currently at 207 days active. With The top wagers eventually getting the most tap that day, and therefore will make the most ICX dividends from that day's mined TAP. The players make ICX dividends based on their TAP percentage ownership in comparison to the daily excess, the breakdown of the Amount of TAP  you receive based on the excess go like: 70% to the players/20% to the founders/ the last 10% is divided amongst the players in the wager war (top 10 ICX wagerers).

My ICX Rewards ​= (0.8 - Wager War) x Treasury Excess x My TAP / mined TAP

TAP Token Mining Payout =  (Individual Player’s Betting Volume / Total Betting Volume)
x 1,000,000

Wager War = 10% of Current Treasury Excess will be sent to top 10 players divided like below:

1st: 25%
2nd: 20%
3rd: 15%
4th: 10%
5th: 10%
6th: 6%
7th: 6%
8th: 3%
9th: 3%
10th 2%


Since January 2020, The average daily dividends for owning one million TAP from ICONbet is 75.33 ICX. One would have to stake an equivalent of 149.269 ICX to get the same results. We have an active and very helpful community on Telegram (t.me/iconbet_official). Since the platform's inception we have been number one in transaction in the ICX blockchain, We are also a P-Rep and i believe we have one of the best active/useful DAPPs in the ICON blockchain.


Iconbet is currently a P-rep (The P-rep name for voting is ICONbet community), and we're already number 34 in the P-Rep rankings with 1,047,309 votes after less than a month as a P-Rep and still climbing! These last two months have been a big leap in our growth, we have a few partnerships and made several strides.


The ICONbet Twitter is: https://twitter.com/ICONbetofficial

The Telegram is: https://t.me/iconbet_official (you can ask any questions or concerns here. Everyone is willing to help and there's always people around to talk to or share thoughts/ideas)

The Iconbet site is: https://ICONbet.io/

These are some Medium articles on ICONbet:

A technical Explanation of how randomization of roulette works on DAO-Roulette
https://medium.com/iconosphere/the-iconbet-dapp-randomization-function-and-verifiability-7f601c3ccbcd


An article talking about how ICONbet contributes to the ICON Ecosystem and most of the recent history of the dapp
https://medium.com/helloiconworld/banking-on-iconbet-the-casino-of-the-21st-century-df15a2c8f98d


An article discussing what could be the possible value of owning TAP
https://medium.com/@iconographicx/whats-the-value-of-iconbet-s-tap-token-f2ce65913667

We just got in partnership with ICX Station this month
https://medium.com/@icxstation/icx-station-announces-support-for-iconbet-5701bfdc8f58



Interview With Ubik-Capital and one of the members of our P-Rep team
https://www.youtube.com/watch?v=4RiS-ySp_1E

I think you have to shift this post to the Gambling section. You will find more users there. Also if possible buy the copper membership, it will help you to add images to this ANN.

Your website has a good interface, very easy to understand. It would nice if you can also accept others cryptocurrency in the future.

[kryptoskrimp3030]

I think you have to shift this post to the Gambling section. You will find more users there. Also if possible buy the copper membership, it will help you to add images to this ANN.

Your website has a good interface, very easy to understand. It would nice if you can also accept others cryptocurrency in the future.

Thanks for the suggestion pakhitheboss, ill take the images into account and I had no idea there was a Gambling section thanks for letting me know. As for the cryptocurrency we only offer ICX (since its a dapp built on the ICON blockchain there's no plans to have other coins available for betting. There have been talks of plans of possibly bringing an ICX stablecoin into the exchange), the TAP token is only to collect ICX dividends.

We can only use your tokens to play right?
Would you plan to add other currency in your sites like popular one which is BTC or ETH.
If we can only play using your tokens this will be difficult for other users.
Unless you have away to exchange to your tokens directly from your site and viceversa.

There are many dapp created now adays i think admin  should  make a seperate section  for this .

At the moment we only have ICX available for betting since its a dapp built on the ICON blockchain. but there have been discussions of possibly bringing an ICX stablecoin into the dapp as well because of price fluctuations in crypto. As far as the tokens, these are just the payments you get but you bet using ICX (you buy these in other exchanges. Binance/Velic has them for purchase). But the only thing you need is ICX you get TAP as dividend payments, the more tap you have the more ICX dividends you get if that makes sense. It's similar to what NEO does with GAS/ Vechain with VETHOR. Sorry if the initial explanation wasn't clear. What seperate section would you recommend?