BetlyCoin ICO (BETLY)
Blockchain based sports betting and gambling platform
BetlyCoin has changed their website many times, making it hard to track past changes and easier for them to fool investors.
The biggest warning sign was that its team was proven to be completely fake by ICOEthics on https://bitcointalk.org/index.php?topic=4659027.0. Less than a day after this post was published, they removed all of its fake team members’ images and now presents no team members at all.
Moreover, BetlyCoin presents itself as an ICO that is approved by clearify.io, which turned out to be false as well.
Another warning sign is the lack of legal language. It has no disclaimer on their website, and the one in their whitepaper is a generic whitepaper disclaimer, copy-pasted with only the name changed.
BetlyCoin is a blockchain based sports betting platform that leverages the potential of decentralized bookmaking and sports betting. BetlyCoin’s platform is developed to solve problems associated with online betting including insufficient global support, high fees, unnecessary user taxing, delayed withdrawals, few betting opportunities, and few payment methods. The founders believe that BETLY tokens, the platform’s currency, will be worth more than $100 by the third quarter of 2019.
End: Nov 23, 2018
BetlyCoin Use of Token
BETLY is the platform's native token. BETLY is an Ethereum based ERC20 token. There will be a total of 100 million BETLY tokens, 47% of which will be offered for sale via the ICO. BETLY tokens can be used to place bets on the platform. Users can place their bets via many currencies which will be exchanged automatically to BETLY tokens. However, users who choose to play via BETLY tokens will enjoy many bonuses.
BetlyCoin Token Sale Stages
BetlyCoin Use of Proceeds
BetlyCoin Past Events
- 30 September, 2017
Betlycoin idea and concept created.
- 31 December, 2017
Company registered, management staff employed and project implementation began.
- 31 March, 2018
Token smart contract created, smart contract audited and ICO platform launched with full solutions.
- 30 June, 2018
Full platform testing and initial marketing commences.
BetlyCoin Future Events
- 30 September, 2018
Airdrop, Presale and ICO begins.
- 31 December, 2018
ICO and Presale completed, BETLY tokens listed in various exchanges, global company registrations, and business expansion.
- 31 March, 2019
Agent’s user base expansion, franchising acceptance and partnership with various third-party betting services and bookmaker platforms.
- 30 June, 2019
Sports Betting/Bookmaker Platform launched.
- 30 September, 2019
Mobile app development (android and iPhone) and virtual sports betting integration.
- 31 December, 2019
Advertising and marketing in various countries, roadshows, conferences and many more.
- 31 December, 2020
Worldwide exchange development, and other gambling integration.