UltiBets is Launching on Thorstarter!
Thorstarter is thrilled to bring you another exciting project on the low fee, high speed, scalable Fantom network. Fantom is secure, stable and focused on growing Defi Applications to usher in Web3.
Online Sports Betting is currently a multi-billion industry and growing. With such an explosion of growth and potential, issues arise such as unscrupulous sites, long latency times, cybersecurity issues and centralization.
Enter UltiBets
The Crypto industry is heading towards mass adoption at an unseen pace. Within it, there are a number of attractive and growing industries such as gaming. Included in gaming is perhaps the oldest form of game: betting.
UltiBets is aiming to become the leader of the Betting industry on the blockchain as the first Prediction / Betting market on Fantom (with a multi chain future). Ultibets is poised to bring solutions to the existing issues facing online betting and have concluded a successful Beta Testnet.
Why UltiBets
UltiBets’ main goal is to put the community of bettors at the center of attention, giving them a cheap, fast, and fun experience whenever they interact with the protocol.
UltiBets is unifying the traditional betting world with gamification on the blockchain, bringing some exciting features and betting options. Additional betting categories can be added via team or voted on through $UTBETS by governance holders.
Inspired by the very popular Squid Games show, UltiBets is introducing the Squid Bet competitions as a Launch Initiative — This is a win-it-all betting competition in which players will be participating during rounds until the winner reaches a huge final prize pool. For each round that a player wins, the player will receive a Squid Bet NFT as an achievement.
Said NFTs will also work as a pass for future VIP competitions amongst winners, they get more exclusive as each round passes and they can also be bought and sold on the secondary market.
With all Betting information captured on the blockchain, UltiBets will be a transparent, quick and secure solution. Learn more about UltiBets and their benefits here.
The $UTBETS Token
The $UTBETS token will have four main functions:
- Incentivizing the growth of new users via the Liquidity Providing Reward Campaign (LPRC)
- Being able to participate in the UltiBets Protocol Governance.
- Being the only duo currency accepted to bet on UltiBets (with the respective native currencies on each blockchain) with a special section dedicated on the website where every Bets/Squid Bet Competitions are payed / rewarded in $UTBETS only.
- Being the only currency accepted to bet on the UltiBets Metaverse.
The $UTBETS IDO
The $UTBETS IDO will be launching on Thorstarter in March. Here are the initial details:
– Network: Fantom
– Token: $UTBETS
– Date: March 22, 2022
– Price: 0.075$
– Raise Size: $600,000
– Vesting: 30% on TGE, 3-month cliff, then 10% monthly linear
They look forward to offering $UTBETS to their community and helping them gain traction.
SKAL frens!
About UltiBets
UltiBets is aiming to become the leader of the Betting industry on the blockchain as the first Prediction / Betting market on Fantom (with a multi chain future). Ultibets is poised to bring solutions to the existing issues facing online betting and have concluded a successful Beta Testnet.
About Thorstarter
Thorstarter is a first-of-its-kind model: a hybrid IDO launchpad meets decentralized investment DAO. TS functions as a decentralized VC firm offering an array of services to partner projects. From investing in promising projects, to helping them market and build community, to performing their token launches in the Thorstarter app, Thorstarter is a premium, full suite incubation and launch solution.
📰 INFO
https://blog.thorstarter.org/ido-announcement-ultibets-4929cc78c37d
