Betting is the one of biggest but at first glance not most obvious use case for a DAO - a decentralized, autonomous organization. Current DAPPs lack an intuitive, easy to use, fun interface with a compelling and addictive proposition. With the launch of LetsBet.io we intend to turn the tables.

Currently there is no application which uses the right incentives to reach and build a community and at the same time generate a scalable ROI for investors. Regulations inhibit global gambling services and hinder profitability. Blockchain technology offers the ideal environment and incentive mechanics to run next generation applications which can circumvent legal and geographic barriers – through decentralized and fractional community-ownership of an organization.

Once deployed, the application runs on unstoppable, scalable and transparent code, with complete operational independence. The unique monetization model generates a physical ROI in form of ETH dividends distributed to all token holders. The typical breakeven is linearly related to the jackpot size (e.g. 25 thousand bets per day would yield a ROI of 100% p.a.)