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Author Topic: Hybrid Betting - BETA  (Read 62 times)
Deimos6695 (OP)
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February 16, 2018, 03:29:04 PM
 #1

What is Hybrid Betting?

-->  Hybrid Betting is an Ethereum-based betting game without a mandatory house edge.
--> Our model is totally different compared to any other betting platform out there.
--> No quotes, no man in the middle, just competitors that play against each other at the same level.
--> Our betting game platform is based on our token HYB, which is an Ethereum-based (ERC20) token.

Market Potential
The global online gambling market is estimated to be worth over $50 billion USD by the end of 2017 and is forecast to grow by around 10% for years to come.
With the advent of cryptocurrencies, allowing players to gamble with ease and with a lower house edge than previous options, cryptocurrency gambling has already garnered a significant proportion of this market potential.

A 2013 estimate suggests that up to 50-60% of all Bitcoin transactions were related to gambling at one point.

Although previously dominated by Bitcoin, Ethereum has become a major player within the cryptocurrency world, offering significantly more features as well as a shorter block time and lower transaction fees. As Ethereum gains more users it benefits from network effects, which are currently leading many users to invest in and use Ethereum over Bitcoin, leading its market cap to increase to $38 billion USD in June 2017.

Hybrid Betting can allow users to bet against each other without considering odds and the bookmaker edge: the brand new game we designed will allow punters to take care just of other punters in a game with no stronger parts.


Profit Model
Hybrid Betting profit model is based on the number of shifts played: each sport event can be a shift, we will take a small fee at the end of the betting phase (when punters make their decision) just before the event starts.

Events shift can be composed by one sport event or more events together: we will set up all the events shift but in the future we can consider that events shift can be created by players too.

We are considering a fee from 0.5% for bigger events to 2% for smaller events: no matter how low this fee is, it is raw profit for Hybrid Betting, as we don’t have funds at risk during play.

The profits from this are also HYB tokens, increasing their demand as a consequence.

Crowdsale
Those wishing to invest in Hybrid Betting via purchasing Hybrid tokens will have the opportunity to do so via the Hybrid crowdsale. The funds received from the crowdsale go to fund the further development of Hybrid Betting, including third-party contract security audits and further web/application development.

Token Description
Hybrid tokens are used as currency for the Hybrid Betting platform

Ticker Symbol: HYB

Pre-sale and Crowdsale
We will set up 5 turns, 3 for pre-sale and 2 for crowdsale, the change rate will be announced before
the ICO based on the Ethereum price.

For the ICO we will follow this scheme

TOTAL EXISTING HYB
60000000

ICO RATE CALCULATION

PRE SALE:
SEED ROUND A HYB PRICE $0.14
SEED ROUND B HYB PRICE $0.16
SEED ROUND C HYB PRICE $0.18

CROWDSALE:
ROUND A HYB PRICE $0.20
ROUND B HYB PRICE $0.22

HYB to ETHEREUM CONVERSION RATE WILL BE CALCULATED
IN REAL TIME BASED ON ETHEREUM DAILY PRICE

PRE SALE:
SEED ROUND A
HYB FOR SALE 180,000
TARGET $25,200

SEED ROUND B
HYB FOR SALE 1,080,000
TARGET $172,800

SEED ROUND C
HYB FOR SALE 2,340,000
TARGET $421,200

CROWDSALE:
ROUND A
HYB FOR SALE 12,240,000
TARGET $2,448,000

ROUND B
HYB FOR SALE 15,300,000
TARGET $4,039,200

Dates and bonuses:
Pre sale:
Seed Round A — From the 3rd of April 12:00 UTC to 20th of April 12:00 UTC
Bonus is 50% for the first 50% HYB tokens for sale
Token for sale 180,000 HYB – Token with bonus (first 50% 90,000 HYB) – Total bonus available 45,000 HYB

Seed Round B — From the 24th of April 12:00 UTC to 18th of May 12:00 UTC
Bonus is 40% for the first 40% HYB tokens for sale
Token for sale 1,080,000 HYB – Token with bonus first 40% 432,000 HYB – Total bonus available 172,800 HYB

Seed Round C — From the 26th of May 12:00 UTC to 8th of June 24:00 UTC
Bonus is 30% for the first 30% HYB tokens for sale
Token for sale 2,340,000 HYB – Token with bonus first 30% 702,000 HYB – Total bonus available 210,600 HYB
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Deimos6695 (OP)
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February 16, 2018, 03:41:24 PM
 #2

Investor money RETURN in case of a failure !!!

We know the importance of money management; all we want to do is to launch our project using an ICO as we think is the best opportunity we will have ever. After the ICO will end we will disclose next steps; they will concern about advertising and community building.

The software development will be done by us as we are a group of developer in J2EE and PHP languages: we will use external advisors when needed. Every step will take the opinions of our investors into consideration.

In case of failure we will return all the investors’ money that has not been used, so the risk will be limited to the activities already done.

80-90% back guaranteed
We won’t use more than the 10-20% (based on the ICO result) of the total funds for the first phase, when we will approach that point we’ll discuss with all the investor about project’s future.

For more information about the crowdsale or to participate in it, visit https://www.hybridbetting.com

Development Timeline
The code in HYB smart contracts is a relatively standard and lightweight implementation of the ERC20 standard, and the possibility for critical bugs is small.

If a significant problem occurs that is recoverable, the necessary steps will be taken to remedy the situation. For example, if there was somehow a critical flaw in the Token contract, allowing someone to steal all HYB Tokens, we could fix the problem, deploy the new token contract (with the problem fixed), and restore the balances of all users, migrating the entire platform to the newer version of the token, similar to what happened with Ethereum and the DAO.

An issue like this is very unlikely to occur unless it is caused by a problem within Ethereum itself, as the HYB Token is based on Ethereum (ERC20) tokens, so a critical problem with one could indicate the same problem with many others.

We are evaluating the need of a betting license because we are not sure about that: our platform is Ethereum based, so is based on a decentralized technology: the matter is open and we think will be discussed in the future as the technology will become mainstream; we will keep an eye on that time after time.

Timeline
Q1-Q2-Q3 2017 Market research – completed
Q4 2017 Website, White Paper, Working Beta & Bounty Program Start
Q1-Q2 2018 Pre Sale, Development & Community Building
Q2-Q3 2018 Continuation of Development & Other Improvements, Crowdsale
Q4 2018 Full Launch, Betting License Acquisition, Community Growth, Further Improvements
Q1 2019+ Additional features, advertising, and community building

Similar Projects
As the size of the block-chain and Ethereum ecosystems has grown considerably over the last few years, a number of projects in betting business have emerged. Although some of these projects are similar in nature, but we offer a complete different user experience as we base our offer on a proprietary game that’s completely new; the creator of Hybrid Betting is an expert trader and investor with many years of work on markets, he mixed up all his knowledge in trading and sports betting to create a rousing game that will test the skills of all the players involved: forget odd and traditional betting, Hybrid Betting will give you a different experience, obtained mixing up different games and investment activities. Based on our research no one is offering something similar.
Coincado
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February 16, 2018, 03:52:05 PM
 #3

Hi Deimos,

Quote
Why is there no team page?

At this moment, this website features no ‘team’ page. Our team will consists only of a few permanent technical members, and other temporary members, such as those contracted to help with graphics, marketing, legal, etc., which we do not consider members of the team.
We hope that our project valuation is based off of its market potential, merit, and working demo (coming soon)

Adding your permanent technical members in the team section would definitely help. I personally would never invest in a project if i don't know who is behind it.
hybridbetting
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Our goal is to rewrite the betting rules


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February 16, 2018, 04:09:14 PM
 #4

Hi Deimos,

Quote
Why is there no team page?

At this moment, this website features no ‘team’ page. Our team will consists only of a few permanent technical members, and other temporary members, such as those contracted to help with graphics, marketing, legal, etc., which we do not consider members of the team.
We hope that our project valuation is based off of its market potential, merit, and working demo (coming soon)

Adding your permanent technical members in the team section would definitely help. I personally would never invest in a project if i don't know who is behind it.

Well we will do that, by the way is not a rule, ethbet raised 2M $ with no team page!!

HYB Team

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