Monthly Premium Buzz Backer: Altbet Project October 2019 Update
For this edition of our Monthly Buzz Backer, we’ll be considering the level of the progress our Premium Backer, Altbet has made in the last 30 days.
Altbet.io is a revolutionary online mutual betting platform based on an original cryptocurrency (ABET) that allows you to place bets on your favorite betting sectors with the Altbet coin (ABET) and in consequence, to rapidly multiply your crypto-wealth.
As a way of improving transparency about the project and its level of development, the Altbet team has introduced a changelog on its Discord channel and recently on Twitter as well. The changelog will contain all notable changes made in the project (including changes made to strategy and marketing) in a chronologically ordered list. With this in mind, some recent changes to the betting platform includes a buy-in increase, implementation of changelog into the website, a more intuitive login button, and a feature to set multiple tables for poker lobby, amongst others.
Altbet was exploited recently with the hacker(s) stealing around 6,000,000 ABET. The team decided to roll out a rather interesting update that will benefit its community. First, a snapshot of the blockchain will be taken at block 84000, everyone with ABET before block 72593 will receive additional tokens to a x10 multiplier. This will reduce the percentage of the circulating ABET tokens generated from the exploit to 3% from 30%. Secondly, other aspects of the project such as maximum supply, masternode collateral and minimum stake amount have also been increased by a x10 multiplier.