Thank you to the NanoNews Community for participating in Ask Me Anything (AMA) with Albetrage December 22, 2020. This guest star Michael, Co-Founder of Albetrage. If you were unable to join the live AMA, no worries, here comes our 97th AMA recap!
We are glad to meet here:
Crypto Guy, Team Albetrage
For taking your time out from busy schedule for the AMA!
Faiz: How are you feel today sir?
David: Im feeling great, thanks
Faiz: Thanksyou, our community hopes to talk and learn more about Albetrage
Q1: Can you introduce yourself to the community? What is your background and how did you join Albetrage?
Hello everyone, am happy to be here. My name is Michael, I am co-founder of Albetrage platform. I have been in the crypto space since 2015, I have worked with many crypto firms, I have experienced the good and bad associated with cryptocurrencies and also betting. I met David, our CEO on an online forum, we had many things in common. We believes that betting should be a form of investment where a return is guaranteed. It shouldn’t base on luck or chances, this is the major reason why we develop Albetrage platform. Thanks
Q2: Can you briefly describe what is Albetrage?
Albetrage is an anonymous betting platform that makes it possible to win anytime you bet. It has not been done before. It uses a process known as Arbitrage. The point of arbitrage betting is to cover all of the possible results of a sporting event in order to guarantee a profit, regardless of how the event plays out. Arbitrage works when a bettor takes advantage of the different odds offered by different bookmakers, by placing multiple bets on each of the possible outcomes of an event, so long as the odds guarantee you a profit. Quick example of arbitrage,
let’s say that bet365 offers Man utd and Chelsea to draw @ 3.7 odds and Either Man utd or Chelsea to win @ 1.28 but you notice that betwin offers
Either Man utd or Chelsea to win @ 1.47 odds. So if you place Draw @ 3.7 odds at bet365 and EIther Man utd or Chelsea to win @ 1.47odds at betwin, you are guaranteed
a 5.2% interest on your bet capital either at bet365 or betwin. You don’t depend on luck when you bet using our platform, you are guaranteed to win no matter how a game ended. No platform in the world is doing this, is a game changer and that’s why we believe that is the best crypto project you can invest in now if you want to make excess profits. Thanks
Q3: When will the token sale take place and how many phases are there?
Our presale is live and I encourage everyone to take advantage and accumulate ATE token now because this is the only time ATE can be this cheap. We are selling 10% of the total supply during this presale, after presale, if we reached hard cap, we will not have another round, we will go straight to listing. During this presale, we are selling ATE for 0.009 USD. You can buy ATE with TRX, BTC, ETH or USDT. You can buy a minimum of 20 USD ATE. You can easily make x3 once we list. To buy, go to https://albetrage.org/presale.html to buy with TRX, to buy with other tokens, PM @michael_albetrage thanks
🔥🔥 ALBETRAGE PRESALE IS LIVE 🔥🔥
1: Buy ATE : https://albetrage.org/presale.html
2: Send ATE to Albetrage platform and WIN 10% of your purchase.
Note: There’s 5% referral bonus when your referral buy ATE.
Q4: Lots of investors hit and run in the sales session and sell after listing on the first exchange, How is the Albetrage to prevent early investors from selling their token and what benefit will Albetrage give to them?
Yes it happens, but we believes that Albetrage is different, it mostly happens when a project has nothing to offer or had presale before they start working on their platform. Most crypto platform developed their tokens and started selling before even having a whitepaper, this leads to dumping of token. We thought about it and decided to develop our platform first, our a user knows that he can make money money holding our token, he/she will not sell. They can stake their token and receive daily TRX rewards, they can easily make 30% returns on their token by using it on our platform. Thanks
Q5. What are the major milestones Albetrage achieved so far & what are in future pipeline?
So far, we have a working platform https://albetrage.com, and thousands of registered users. We developed our platform with our own funds, you hardly see another crypto project that does that. Many projects rush into presale or ICO before working on their platform, but we have a working platform already. We are also working on our casino platform where a user can mine BTC and TRX anytime he/she bet with ATE, it will be live soon. We have many apps and dapps that we are working on currently that will further boost the value of ATE. We are really excited and can’t wait for our users to see some of our features. Also, we partnered with chatbettor to integrate ATE in their platform, we are also in discussion with other startups for partnerships. Thanks
Q1. Can you explain in more detail about the no-risk betting system at Albetrage? How can Albetrage make it happen? And why did you choose the TRON Blockchain ecosystem as the cross-chain blockchain for the Albetrage Platform?
The whole business of online bookmaking is designed to make profits for the gambling companies and not the bettors. They set their odds in a manipulative way
that favours them. Bettors today face huge problems when it comes to winning. But Albetrage’s mission is to put power in the hands of the bettors, eliminating exploitation. Albetrage is not the normal betting platform you know, it is unique and different, it offers only arbitrage odds, let’s me give you an example of how Albetrage work, let’s say Nadal and federa are playing a match, on bet365, Nadal to win is 1.7 odds, and federa to win is 2.3 odds. Now what Albetrage does is to offer Nadal to win as 2.0 odds, and federa to win as 1.01 odds. If you bet both options on bet365, you may win or lose. But if you select Nadal to win on Albetrage platform and federa to win on bet365, you have covered the two options. A user with 100 USD, using our Arbitrage calculator to calculate how much to bet on each platform, will bet 46 USD on federa (2.3 odds) at bet365 and 54 USD on Nadal (2.0 odds) at Albetrage platform, it can only end in profit for the bettor no matter how the game ended, he will make 6.9% gain on his capital either at bet365 or Albetrage platform. It is no more betting for the user, the betting now is between Bet365 and Albetrage. So when a user loses at Albetrage and wins at the bookies, the lost amount at Albetrage is how we make money. I encourage everyone to read our whitepaper to understand more.
We choose TRC-20 over ERC-20 because of number of transactions per seconds (TPS) and also speed of transactions , due to delays on Ethereum network, is not advisable to run a betting platform on Ethereum network, users want to deposit and receive their fund instantly and not waiting sometimes upto 10 minutes to receive it. Also the Blockchain you use, in most cases doesn’t determine whether the price goes up or drop. What matters most is what you offer, whether you solve a real problem and many other things and we believe that Albetrage is a premium product that solves a major problem faced by millions of users. Thanks
Q2. Where does the project name come from? What does it mean for you and why did you choose that name for your project?
Albetrage came from the word Arbitrage betting, like I said earlier, the point of arbitrage betting is to cover all of the possible results of a sporting event in order to guarantee a profit, regardless of how the event plays out. Arbitrage works when a user takes advantage of the different odds offered by different bookmakers, by placing multiple bets on each of the possible outcomes of an event, so long as the odds guarantee you a profit. Once you place arbitrage bet correctly, there’s no chance of losing. Is the right word that describes what we are doing, that’s why we choose it. Thanks
Q3. How many partners currently have trusted Albetrage technology and what benefits do these partners bring to Albetrage and vice versa?
Currently we have partnered with chatbettor, a sports farming and staking forum, their users will farm their token when they stake our token, we are also in talk with inventcoin platform for partnership, we have almost reached agreement. It will be officially announced soon. We are also talking with many defi platform for partnerships. Thanks
Faiz: You can send the announcement about this? So our community can check them intstanly. about Chatbettor Announcement, Because Albetrage have a great plan and product, our community must know the partnership and more
David: Sure, I will. Sure, we are working to make Albetrage a true 21st century, brand.
Q4. It’s not a secret that most (maybe all) of gambling platform controlled by dealer and actually no one can win profits from it. So, Are there any guarantee that Albetrage is really a fair gambling platform?
Betting has brought a great deal of wealth to the world but it has not resulted in shared prosperity. The gambling industry as of today is not just broken, but also exploitative.
The whole business of online bookmaking is designed to make profits for the gambling companies and not the bettors. They set their odds in a manipulative way that favours them. Bettors today face huge problems when it comes to winning. But Albetrage’s mission is to put power in the hands of the bettors, eliminating exploitation. We believe that betting revenue can be shared proportionately between the bookies and the bettors. Before explaining how we get our profit, let me explain to you how Albetrage works. Albetrage is not the normal betting platform you know, it is unique and different, it offers only arbitrage odds, let’s me give you an example of how it work, let’s say Nadal and federa are playing a match. On bet365, Nadal to win is 1.7 odds, and federa to win is 2.3 odds. Now what Albetrage does is to offer Nadal to win as 2.0 odds, and federa to win as 1.01 odds. If you bet both options on bet365, you may win or lose. But if you select Nadal to win on Albetrage platform and federa to win on bet365, you have covered the two options. A user with 100 USD, using our Arbitrage calculator to calculate how much to bet on each platform, will bet 46 USD on federa (2.3 odds) at bet365 and 54 USD on Nadal (2.0 odds) at Albetrage platform, it can only end in profit for the bettor no matter how the game ended, he will make 6.9% gain on his capital either at bet365 or Albetrage platform. It is no more betting for the user, the betting now is between Bet365 and Albetrage. So when a user loses at Albetrage and wins at the bookies, the lost amount at Albetrage is how we make money. I encourage everyone to read our whitepaper to understand more. So you can see that no other platform can guarantee you are going to win apart from Albetrage. Thanks
Q5. How many slots are available at presale #Albetrage this time ? what is the minimum transaction to participate in the $ATE presale and how do I make a payment and where do I buy the $ATE token?
We are currently having our pre-sale and it will end soon. We believe that is the only time you can get ATE this cheap. 10% of total supply is available during presale after which we will go straight to listing. One (1) ATE goes for 0.009 during this presale. We believe that it is the easiest way for any investor to make money right now. If you want to make money, invest in projects that solves a real problem and have a working platform already like Albetrage. To take advantage of the presale and accumulate ATE, visit https://albetrage.org/presale.html , copy the TRX address there, send TRX to the address, an equivalent in ATE will be transferred to you within an hour. You can buy a minimum of 20 usd ATE with TRX, ETH, BTC or USDT. Thanks
Live AMA Session
Q1. Now Albetrage is live Pre-sale. So when $ATE will be listed? Can you guess the price ? And when i can stake them?
ATE will be listed immediately our pre-sale end. We have reached agreement with some exchanges, an official announcement about our listings price will be made on the 24th, investors can easily make x2 of their investment once we list. This is the last chance of buying ATE cheap, go to https://albetrage.org/presale.html to buy and join our group to be updated. Thanks
Q2. Is Albetrage a global platform. Is it accessible through out the world. Any restriction based on location.
We are an online betting platform and can be accessed from any part of the world. We don’t accept fiat payment, so anyone can use it, though we encourage our users to obey the law of their jurisdictions. Thanks
Q3. Can you list some of ATE outstanding features for everyone here to know about? What is the competitive advantage your platform has that you better from your competitors ?
We are the only platform in both crypto and none crypto sphere, that can guarantees you that you will win your bet anytime you place it. No platform can offer you this. It is a guaranteed source of income and a game changer. Thanks
Q4. Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Am sorry to say this, but honestly i blamed investors sometimes, since defi platform started, over 2000 different defi platform has scammed people. What investor should understand is that they should not invest on any project that don’t have a working platform already. Every team should use their money to build their platform first before investors should invest. Any project that don’t have a working platform will likely scam you.There’s some projects that don’t even have a roadmap, whitepaper, even website, yet you see people investing their money just befor the owners promised 3X or more return after listing. This is the major problem. That’s why we took our time and money to develop our platform ( it took over 8 months) before coming out. As for which is more important, Every one of them is needed, without strong community, a project will not susceed, also investors are needed to make any platform susceed. Thanks
Q5. The security is the priority, what can the Albetrage platform guarantee or promise in terms of the security and privacy of its users?
We are very secured, we have one of the best team out there, we don’t want our users security to be comprised, that’s why we don’t collect any data from our users. We are secured with the latest software you can get. Thanks
Faiz: You have a last word? About your product or token sale?
David: Yea, I will encourage everyone to give us a trial, they will be surprised how easy, it is to make money. Our minimum buy is 20 USD. Also join our channels to be updated
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