coins-archive/abet

The revolutionary mutual betting platform with provably fair odds based on own cryptocurrency.

About Altbet.io

Mutual betting is widely adopted in gambling and applied to horse racing, greyhound racing and sports betting. Altbet is the first platform that combines this model with blockchain technology, what allows to benefit from the advantages of own cryptocurrency.

In the long-term perspective, Altbet aspires to become world’s leading online mutual betting platform.

We do believe that having the best product / best offer is the key. Our team is planning to offer perfect platform for mutual betting and gambling which will be fully transparent thanks to our custom provably fair system. Altbet platform is and will be one of the kind.

View our website for more details

About ABET cryptocurrency

Abet is an experimental digital currency that enables instant payments to anyone, anywhere in the world. Abet uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network. Abet Core is the name of open source software which enables the use of this currency.

Table of Contents

• Specifications
• PoS Staking Requirements
• PoS Block Rewards

Specifications

Specification	Descriptor
Ticker	ABET
Algorithm	QUARK
RPC Port	9322
P2P Port	8322
Masternode Collateral	1000 ABET
Block Spacing	120 Seconds
PoW Period	nHeight ≤ 500
PoS Period	nHeight ≥ 501
Protocol Support	IPV4, IPV6, TOR, I2P

PoS Staking Requirements

Requirement	Details
Confirmations	120 Blocks
Amount	10 ABET (Per Input)
Wallet	Unlocked for Staking

PoS Block Rewards

Subsidy	Block	Reward	Reward Split	Note
SWAP	501-7200	0.25 ABET	90% MN / 10% POS	10 days
Phase 1	7201-72000	2.60 ABET	90% MN / 10% POS	90 days
Phase 2	72001-136800	2.50 ABET	90% MN / 10% POS	90 days
Phase 3	136801-266400	2.40 ABET	90% MN / 10% POS	180 days
Phase 4	266401-396000	2.30 ABET	90% MN / 10% POS	180 days
Phase 5	396001-655200	2.20 ABET	90% MN / 10% POS	360 days
Phase 6	655201-914400	2.10 ABET	90% MN / 10% POS	360 days
Phase 7	914401∞	2.00 ABET	90% MN / 10% POS	35+ years

License

ABET Core is released under the terms of the MIT license. See https://github.com/altbet/abet/blob/master/COPYING for more information or see https://opensource.org/licenses/MIT.

ABET uses components from PIVX Core, which uses components of both Bitcoin and DASH.