Aug 22 · 4 min read

Over the past couple months, the team here at Allbebet has been working very hard — both on the AI prediction algorithm (see more below) and on preparing for our IEO. We’re happy to say that we’ve succeeded in both! After negotiating with a number of crypto exchanges, we have chosen Coineal for our first IEO round. It will take place on August 26 and 27. You’ll be able to buy our tokens at a very special price — only ETH 0.00015 for 1 ALB. This is 25 % off the price of the second round (ETH 0.0002).

Why an IEO?

As you probably know by now, the ICO model has completely discredited itself. Because of the proliferation of scams, crypto investors have lost all trust in ICO projects. Initial exchange offerings (IEOs) are a great alternative: Since it’s an exchange offering the tokens and not the project directly, the interests of all buyers are securely protected. All projects have to pass a strict selection process, due diligence, and KYC. In return, the exchange takes on the responsibility to verify token buyers.

Yet another difference from an ICO is that token sale rounds on exchanges are usually short — just a day or two, and often all tokens are sold out within minutes. For instance, the first round of the Allbebet IEO will last two days — August 26 and 27 — but if you want to be sure to get your share of ALB, make sure to be ready the moment the IEO starts. If you are not registered on Coineal yet, you can do it now here — it’s free, is very easy, and just takes a few moments of your time.

We are very pleased to work with Coineal, a global exchange among the top 10 on CoinMarketCap, with a daily trading volume of about $800 million. Coineal has emerged as one of the leaders in the IEO business: They have held over 15 token-offering rounds in the past few months, and in the vast majority of cases, 100% of the tokens were sold very quickly.

The new standard for social betting

Allbebet is an innovative blockchain platform for social betting and gaming. On Allbebet, players don’t bet against the house — rather, they can place casual bets against each other. You can choose any event you like and then invite other users to bet with you or against you. We’ll be the first to introduce full-scale social and team bets on blockchain. Users and teams will have ratings, compete between themselves, and so forth.

In developing Allbebet, we follow the principles of the P2P economy. We are removing the bookie/casino and transferring the control over the betting process to the hands of the players. At the same time, we’ll work with numerous leading oracles to make sure that all event results on the platform are verified.

However, the most groundbreaking part of the Allbebet ecosystem is definitely the AI. Neural networks have tremendous potential in sports betting, but we’ll be the first project to leverage both AI and blockchain in the gaming industry. Our machine-learning algorithm will be able to predict the outcome of any sports event with extremely high accuracy — up to 70% even in the first stage of implementation.

Unprecedented accuracy

Our AI will process vast amounts of data relating to the event: past game results, players’ physical conditions, disqualifications and yellow cards, transfers, and so on. The system can easily work with 100 criteria or more — something that no human could ever do. The resulting predictions will be freely shared with all platform members.

Once users start making bets on the platform, the AI will add their results to its database and forecasting algorithm. This way, we can further increase the accuracy of predictions — even to 75–80%. This will easily make Allbebet the most reliable system in the betting market for event result predictions.

Allbebet will charge a small fee on all bets, but it won’t bet against the users. This will allow us to finally remove the antagonistic element from the betting process, making it transparent, fair, and free from middlemen.

A friendly reminder: You can get ALB tokens with a 25% discount (ETH 0.00015 each) if you buy them in the first IEO round on Coineal. In the second round, the price will go up to ETH 0.00020 per token. Round 1 is scheduled for August 26. Please note that citizens and residents of the United States and the People’s Republic of China aren’t allowed to participate.

To learn about the details and register on Coineal, visit

#Esport #Sport Betting #Betting Tips #Coineal


Written by


Allbebet is an infrastructure project in the field of sports, gaming and technology solutions in the scope of AI.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade