Insanity Bets is a new gaming platform that offers its members to benefit from its success. Anyone who buys its native token, $IBET, during the presale will be able to receive yield by staking or burning their tokens. $IBET has a total token supply of five billion, of which 2.5 billion will be available for purchase during the presale.
If you want to learn how to buy Insanity Bets and what makes this project lucrative for investors, keep reading.
How to Buy $IBET — Quick Guide
What Is Insanity Bets?
Insanity Bets is an online betting platform tailored for crypto gamers, yield hunters, and blockchain bettors. This platform aims to revolutionize the online gambling industry by combining CasinoFi and GameFi models. Its mission is to become the best GameFi and CasinoFi platform across the Arbitrum.
To achieve that, Insanity Bets uses a user-centric return approach, which means that 85% of its fees and 90% of its profits will go back to $IBET token holders — all members will play a vital role in its ecosystem.
Token holders will be able to either stake or burn their coins to earn real yield from trading and game-winner fees. This project is currently in its presale phase.
Why People Buy $IBET
The main reason why investors buy IBET coins is its community-driven approach. As mentioned above, this project allows early buyers to earn high yields by staking and burning their coins. Here’s more on that.
Insanity Bets Staking
$IBET holders can earn yield by staking or burning their tokens. On that note, 35% of the fees will go to those who stake their tokens, while 50% will be given to those who burn their coins. The remaining 15% will go to Insanity Labs.
Furthermore, those who mint $ILP tokens using $USDT will be able to get 90% of the winnings and losses of the player’s bets.
All staking rewards will be generated through its in-house swapping mechanism, while $1,300,000 tokens will be distributed towards its liquidity pool.
Tokenomics
$IBET has a token supply of five billion. A total of 2.5 billion (50%) tokens will be available for purchase during the presale, while 30% will go towards its team. Another 5% will be distributed towards airdrops and exchange listings, and 10% will be allocated to Insanity Bets’ emissions token, #esIBET.
The Ongoing Presale
This project is currently in its presale phase, which will be divided into 15 stages. The initial launch price of the $IBET token was set to $0.018. However, the Insanity Bets cost will gradually increase during each subsequent phase.
At the time of writing, Insanity Bets is in its second presale stage. The current price of the $IBET token stands at $0.015.
The $IBET token comes with a minimum purchase amount of $50.
Insanity Bets Roadmap
Insanity Bets has a roadmap that consists of six phases:
- Initial setup and development: Establishing an online presence on social networks X and Telegram and creating a website.
- Presale and audit phase: Presale of $IBET tokens and contract audits.
- Gaming development and launch: Development of casino games and implementation of profit/loss and total bets dashboards.
- Community engagement and expansion: Interactive Telegram betting bots, API development, boosting the $ILP token utility.
- Diversification and integration: $ILP collateral options, the launch of new games, API expansion, and cross-platform integrations.
- Long-term growth and innovation: Community-focused initiatives and governance, security and performance upgrades, global expansion.
How to Buy $IBET
You can buy IBET coins in the following way:
Step 1 — Visit the Official Website
Visit the official page of Insanity Bets and create an account.
Step 2 — Creating Your Wallet
Tap the Buy Now button and select your DeFi wallet, such as MetaMask, Coinbase, and TrustWallet. Mobile users can scan the QR code, while desktop users will have to copy the provided wallet address.
Step 3 — Get ETH, USDT, or BNB Into Your Wallet
Choose your preferred cryptocurrency. You can buy $IBETS tokens with:
- USDT
- BNB
- USDC
- BTC
- DAI
- LTC
- ETH
- ARB
- SHIB
- LINK
- ADA
- SOL
- MATIC
- TRX
- DOGE
- FLOKI
Step 4 — Selecting Your Purchase Amount Insanity Bets and Stake it
Choose the amount you wish to buy and stake or burn your tokens. Keep in mind that the minimum purchase amount stands at $50.
Step 5 — Claiming Your Tokens
Once the presale ends, you’ll be able to claim your staked tokens by visiting the Claims page.
Conclusion
As you can see from our Insanity Bets presale review, this project uses staking and burning models that can bring you large yields generated from transaction fees and game winnings. Moreover, this crypto project bases its operation on sustainability. This makes it an excellent option for investors who want to diversify their portfolios.
How to buy Insanity bets tokens? Visit its official website, fund it, and connect your DeFi wallet with one of 16 available cryptocurrencies. Enter the amount you wish to purchase.