Why did we decide to release Yobet during the market’s bearish trend?
“Altcoins market will eventually crash, since most of them provide no practical functionality and real-life applications”.
That is the confound statement that frightens many cryptocurrency traders recently, not to mention the occurring gloomy market where most altcoins are on a downtrend. Many traders and holders are losing their money fast. Does this disadvantageous circumstance influence Yobet?
We do acknowledge that Yobet is a start-up project, whose outcome relies heavily on the market and community’s response. Our success and contribution to the public and ultimately to the cryptocurrency community underlies within Yo token’s value. We are confident about the future and additional development of Yobet and Yo token due to the following strengths of Yobet:
Firstly, Yobet is a game-based betting platform.
We mainly focus on developing betting games within the ecosystem of Yobet, on both quantity and quality characteristics. Cryptocurrency traders and Yobet’s supporting community in particular will be capable of increasing their financial inflow by participating in our games. The nature of gambling speaks for itself: betting games are all about MONEY.
Secondly, cryptocurrency market trends do not necessarily influence Yobet.
Yobet is a brilliant fusion of the two vast industries: blockchain technology and online gambling. Thus, the basis of our community will come from and be affected by the mentality of patrons from both sectors. These factors will be considered when making decisions about Yobet’s business activities and price adjustment strategies. Therefore, possible impacts from unfavorable market performance on Yobet will be minimized. The following chart presents steady price uptrend of online casino industry:
Furthermore, Yobet is against speculation and token devaluation with our policy.
With Yo token deposit/withdraw portal, players are only permitted to deposit/withdraw an amount of token corresponding to the amount that had been deposited/withdrawn through other currency portals, limited to one transaction per 24 hours. Conversion rate at that time will be applied. For example: John acquired 1ETH worth of Yo token through Yobet’s currency conversion system with the conversion rate at the time. He then received 100000 Yo. During the next 24 hours or on the next transaction, John is allowed to acquire 100000 Yo from outside or withdraw 100000 Yo from Yobet’s game site.
Yobet will have a particular betting fee depending on the player’s bet (varying across games), the majority of which will generate our revenue. Two thirds of the revenue will be utilized to increase the token’s price on free trading platforms. WE GUARANTEE TO PROTECT THE VALUE OF YO TOKEN ON FREE TRADING PLATFORMS, OPPOSING AGAINST SPECULATION OF OTHER ORGANIZATIONS.
Lastly, our development team consists of experienced members in marketing and business management.
Not to mention, we have ongoing partnership with the leading organizations in the online casino sector, including Betway Casino, William Hill, Bitsler, Gambling Site, etc. These invaluable partners will enable us to gain more insights and practical knowledge in order to triumph in this arduous Cryptocurrency market.
