Faireum: the gaming platform

Introduction
The Gambling industry is plagued by a host of issues and inefficiencies - the result, a lack
of trust between players, developers and services providers due to multiple intermediaries,
high fees and unintuitive user experiences. There is an urgent need for an overhaul of the
whole online gambling system. A major solution to a fair and modern gambling system is a
decentralized gaming platform that leverages the advantages of blockchain technology.
Faireum is a public blockchain with a set of protocols, which focuses on the gambling
industry and provides a decentralized, low cost, transparent, and secure betting and
gambling experience. Faireum uses its own native currency and smart game contract to
guarantee a superb and premium betting experience and services in lotteries, sports betting,
casino games and other digital games to users. Faireum releases a smart client based on
the set of protocols for the creation of a trustful, borderless, secure, and fast online gambling
network that benefits all.

The Industry
In 2017 the global gambling industry was valued at $533 billion, with future predictions putting
that figure at 1 trillion USD by the year 2021. As the online gambling marketing continues to
experience consistent growth, spurred on by the emergence of new technologies and the
increased accessibility of the internet, Asia has established itself as the fastest growing
iGaming market in the world.
Another decisive growth factor is the adoption of smartphones that provides ease of access
to the online and mobile gaming worlds. Other important changes that have taken place
in the gambling sector are related to the incumbent regulatory framework that governs it.

Regulators are looking for solutions that ensure fair gaming for all, prevent illegal activity and
protect consumer rights.
At present, the gambling industry is shrouded by negative perceptions that are exacerbated
by high transaction costs, low returns, inefficient cost structures, the involvement of
intermediaries in the bookmaking process, lack of security of transactions, transparency and
stagnation.

Our Mission
Faireum has developed a competitive public blockchain based on the best practices of
Bitcoin, Ethereum and Hyperledger. The consensus algorithm adopted from the Byzantine
fault tolerance based delegated proof of stake (BFT-DPos) assures the verification of
transactions on the Faireum Blockchain as well as its performance.
The protocol we are working on is a set of the standards used for gambling DApp on the
Faireum Blockchain. It is also compatible with all of the WASM blockchain contracts written
by a high-level programming language and implements Faireum protocols. The first version
will be released at the end of 2019. It will keep on evolving together with the Faireum ecology,
and will be the key component to bring a next-generation, unbeatable gaming experience to
the user.
Our mission is to enable the next generation of many-to-many gambling and betting
applications. By building on top of existing blockchains, our applications will be able to be
deployed in a peer-to-peer environment, with complete fairness, transparency, and visibility.
We believe Faireum is revolutionary and will change everyone's expectations of how fair and
fast applications and gaming can be.

Structures of Online Gambling
The internet has brought many novel approaches to betting structures, changing the gaming
industry. To this day, betting remains one of the most well-known and lucrative internet-
based businesses. According to H2 Gambling Capital, global online gaming revenues
were worth an estimated $43 billion in 2017, making up 10% of all global gaming revenues
(offline and online combined). By 2022, the global online gaming market will be worth €65
billion. With over 6 million adults gambling or gaming around the world and estimates of

greater than 10 million for 2020, the gaming market overall is growing rapidly, with the online
segment of the market expected to accelerate faster than that of traditional casinos.
Mobile play accounted for an estimated 37% of online gaming revenues in 2017, which is over
triple the 2010 mobile user base of 11.5%. With mobile use continuing to rise, it is expected
to reach 49% by 2022. However, major mobile platforms which dominate the market have
heavily restricted "real-money" gaming apps from listing on their app stores or have banned
them outright.
There are many types of online gambling. Faireum presents the theory and technology for
developers and service providers to develop and deploy them on our main or side chains,
and reach a global audience of users in a decentralized environment. Below are some
prevalent online gambling games to note, you can also see the benefits Faireum will bring to
all types of online gaming.
2.1 Lottery
A lottery is a gambling game where numbers are drawn at random for a prize. While some
governments have outlawed lotteries, others have openly embraced them to the extent of
organizing national lotteries.
For some lottery players, the experience of buying a ticket and the hope of potentially
becoming rich gives them satisfactory levels of return even if they never win the jackpot.
When the sum of the individual's entertainment value and the subjective expectation of
monetary gain are greater than the psychological expectation of monetary loss, the decision
to buying a lottery ticket becomes a very rational one. In short, the acquisition of a losing
lottery ticket could actually represent a meaningful gain for some players.
The probability of winning the lottery jackpot differs extensively depending on the lottery
design. It is mainly determined by such factors as the count of winning numbers drawn, the
count of possible numbers, whether the order of them is significant, whether drawn numbers
are removed in subsequent draws and whether bonus balls are also included.
A lottery run on the Faireum platform is exclusively based on a smart contract, which can
involve the Oracle service to provide a real random number. Based on different types of
lottery games, we can provide users with blockchain lottery games with a maximum RTP of
100%. Faireum's official gaming platform will also launch various types of blockchain lottery