BetlyCoin(BETLY)

active
Blockchain based sports betting and gambling platform

Scam Alert
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.


Score Analysis

Total

0

Integrity

0

Team

0

Vision

0

Product

0

Marketing

low

Community

low

Risk

high

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.

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.

Keep reading
  • Country Canada
  • Organization BetlyCoin LLC
  • Whitepaper Download
  • Platform Ethereum
  • Coin Type App Token
  • Category Gambling
  • Block Explorer
  • Accepted Currency BTCBCHLTCETH
  • Website

ICO Info

active ICO
(Jul 25, 2018 - Nov 23, 2018)
Total Soft Cap 5,000,000 USD
Total Max Cap 23,500,000 USD
N/A
100,000,000 BETLY
Max supply
0.50 USD
Public sale price
N/A
Current price
Token Sale Stages

*Minimum investment: 20 USD

Stage Start date End date Amount of tokens Price Bonus
Pre-Sale 25 July, 2018 20 August, 2018 2,000,000 BETLY 0.25 USD 25%
Amount of tokens
2,000,000 BETLY
Price
0.25 USD
Discount
25%
ICO round 1 21 August, 2018 30 August, 2018 8,000,000 BETLY 0.30 USD 10%
Amount of tokens
8,000,000 BETLY
Price
0.30 USD
Discount
10%
ICO round 2 31 August, 2018 9 September, 2018 10,000,000 BETLY 0.35 USD 10%
Amount of tokens
10,000,000 BETLY
Price
0.35 USD
Discount
10%
ICO round 3 10 September, 2018 19 September, 2018 10,000,000 BETLY 0.40 USD 10%
Amount of tokens
10,000,000 BETLY
Price
0.40 USD
Discount
10%
ICO round 4 20 September, 2018 29 September, 2018 10,000,000 BETLY 0.45 USD 10%
Amount of tokens
10,000,000 BETLY
Price
0.45 USD
Discount
10%
ICO round 5 30 September, 2018 11 October, 2018 10,000,000 BETLY 0.50 USD 10%
Amount of tokens
10,000,000 BETLY
Price
0.50 USD
Discount
10%
ICO grace round 12 October, 2018 23 November, 2018 No limit USD 0
Amount of tokens
No limit
Price
USD
Discount
0
Distribution
Public supplies
49%
Public supplies
49%
Developer & Advisor
10%
Developer & Advisor
10%
Bounties
2%
Airdrop supplies
1%
Betley coin reserve
10%
Betley coin reserve
10%
Bonus
3%
Bonus
3%
Founders, Management & Team
20%
Founders, Management & Team
20%
General management
5%
General management
5%
Public supplies
(49%)
Developer & Advisor
(10%)
Bounties
(2%)
Airdrop supplies
(1%)
Betley coin reserve
(10%)
Bonus
(3%)
Founders, Management & Team
(20%)
General management
(5%)
Use of Proceeds
R&D
30%
R&D
30%
Major crypto exchange listing
2%
Global registration
5%
Global registration
5%
PR & Marketing
30%
PR & Marketing
30%
Localization of various language & support
2%
Operational cost
10%
Operational cost
10%
Bonus
6%
Bonus
6%
Unforeseen expense
10%
Unforeseen expense
10%
Legal issue fixing
5%
Legal issue fixing
5%
R&D
(30%)
Major crypto exchange listing
(2%)
Global registration
(5%)
PR & Marketing
(30%)
Localization of various language & support
(2%)
Operational cost
(10%)
Bonus
(6%)
Unforeseen expense
(10%)
Legal issue fixing
(5%)

past events

Q3 2017
30 September, 2017
Betlycoin idea and concept created.
Q4 2017
31 December, 2017
Company registered, management staff employed and project implementation began.
Q1 2018
31 March, 2018
Token smart contract created, smart contract audited and ICO platform launched with full solutions.

future milestones

Q3 2018
30 September, 2018
Airdrop, Presale and ICO begins.
Q4 2018
31 December, 2018 in 1 month
ICO and Presale completed, BETLY tokens listed in various exchanges, global company registrations, and business expansion.
Q1 2019
31 March, 2019 in 4 months
Agent’s user base expansion, franchising acceptance and partnership with various third-party betting services and bookmaker platforms.