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Gambling is a natural phenomenon, as on a daily basis millions of people around the world partake in the gambling activity for the sake of fun, and earning more money. Gambling does not comply with only financially down people, the rich gamble as well and this is because there is a joy attached to winning. In the previous times gambling was usually done in the physical, but with the introduction of the internet the world changed . So did the gambling sector evolve, as online games for gamblers where created and played from the comfort of ones home . The online gambling sector has brought about notable increase in the general industry, but this has not come without various hindrances and problems.
PROBLEMS AFFECTING AND REDUCING THE GAMBLING SECTOR
• Problems with Centralization :- The gambling sector, its gaming and payment services are very centralized thereby giving room for hitches that are set in place by the service renderers and suffered by the players. This centralized system of function leaves players frustrated and not willing to come back to the game
• Lack of trust :- Every transaction we do has an element of trust in it to a certain level , if that trust is not present, the transaction most likely will not hold or turn out smoothly. Even in the gambling sector issue of trust between players and the system makes quite a few sceptical about joining the gambling sector. After hearing of cases of fraud and cheating, people do not want to fall into that kind of luck.
• Slow Payouts :- Gamblers who know what they do are sure to earn money from the games they play, now people need and want money ,after making a win and it takes forever to get paid it leaves the player frustrated yet again . On severe cases might make the player give up on the activity, because a lot of people hate stress. When a new players wants to join in the gambling activity hears how slow the payouts are, the person instantly gets less interested. This cannot continue to exist if the gambling sector is to continue thriving.
• Fraud :- There are also cases of players who after making wins get defrauded by the gambling platforms . This alone is enough to pursue millions of people out of the sector
WHAT CAN BE DONE
The faireum gambling protocol and platform is one that can bring an end to all the issues faced in todays gambling sector. With blockchain technology and its inbuilt protocols, the faireum project will bring about a decentralized gambling platform where trust, transparency and fairness can be enjoyed. The faireum project due to is transparency and protocol is very legal and will help gambling become legal is so many countries where it is still termed as illegal . There are many benefits to using the faireum platform as your number one gambling platform , these merits include
• Smooth performance in the platform through the adopted Dpos consensus algorithm
• The faireum token which is very transparent can be used in gambling activities which include game playing, service payments and even cashouts.
• Lowered risk of fraud in the faireum platform .
• Zero hidden charges in the course of gambling
• All users can enjoy the transparent and trustworthy faireum platform
• Game developers can list their games and earn through the platform
• Instant payouts are sure on the faireum platform.
This and more are the reasons why the Faireum project came into existence and should be adopted as well. Gambling will be like you never saw it with faireum, do enjoy once the platform is fully launched.
ROADMAP AND TEAM
For more information kindly visit the below links :-
Website :- https://faireum.io/
Whitepaper :- https://faireum.io/assets/files/Faireum_whitepaper2.0_En.pdf
Telegram :- https://t.me/faireumofficial
Twitter :- https://twitter.com/Faireumofficial
Authors info
Bountyox username :- Cia
It’s really interesting nice platform.
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