LetBet announces ICO to revolutionize online gambling LetBet will issue its cryptocurrency named LBT to enable a decentralized, trustless, and fast online gambling protocol powered by blockchain. Belize, 28 December 2017: Blockchain-based online gambling platform LetBet is releasing its own digital currency named LBT to disrupt the status quo of traditional online gambling systems - delays, unfair payout systems and the innate trust on a potentially corrupt third party. Hence, it will revolutionize the online gambling industry and aims to bring the industry to a new future in the next few months. The online gambling industry is currently valued at about 500 billion USD. This amount is increasing continuously and is slated to reach nearly 1 trillion USD by 2021. Given the development of internet and mobile, the online gambling industry will become a big boom in the very near future. This sector consists of many business models & technologies, including Sports Betting, Online Poker, Casino Games, Online Bingo and Online Lottery, among others.
