Nowadays blockchain technology has spread into many areas of our lives. The technology of data storing in the form of a secured chain of blocks has turned out to be very useful and applicable in various fields. The gambling industry is not an exception. Specialists saw a great potential in using blockchain and smart-contracts in the gambling business. Truegame platform with its TGAME token appeared this way.
Background
In 2016 money turnover in the world market of gambling reached $44 billion and by 2022 it is expected to be almost $82 billion with an annual increase of about 10,8%. Meanwhile, the mobile games market is expected to grow even faster. For the period of 2017-2022 its growth rate can reach up to 19% per year. Mobile games are considered to be among the most profitable online businesses.
TrueGame startup intends to take its proper place in the gambling world by introducing blockchain technology to the gaming process. The developers picked out the key problems of the “classical” gambling business and tried to solve them by using blockchain technology.
What is TrueGame?
Project’s field - online gambling. The developers position their product as online gaming blockchain platform. It has already received positive feedback from the community of online gambling fans. The startup offers dozens of games, lotteries, giveaways etc. Right now the TrueGame team is actively searching for investors and launched an ICO to attract additional financing. The authors insist that they, in contrast to many other projects, use blockchain to actually solve existing problems of online gambling. Besides, they claim to have a team of highly professional and experienced specialists who are ready to do their best to achieve the desired results and always offer their clients only the best quality services.
TrueGame team believes that in five years the online gambling business will double its profits. That’s why it is crucial to solve the existing fundamental problems, and blockchain technology represents the best way to do it. The project is located in Costa Rica. However, according to developers’ statement, the USA residents cannot participate in ICO.
Problems which TrueGame can solve
The project creators decided to solve some significant problems of the classical gambling.
Namely:
Transparency of work of gaming operators and organizers. The developers consider it to be the main problem of the offline and online gambling establishments and projects. Processes taking place in the casino are not transparent for the gambler. He has no means of controlling whether the gambling establishment or the organizer play fair. Thereby, he never trusts them completely.
Casino’s solvency. The second major problem is solvency of the gambling establishment. You can never be sure that the administration has enough funds to pay the gamblers their wins, including in case of jackpot winning.
TrueGame eliminates this problem. Thanks to the smart-contracts and blockchain technology the gambler can completely trust the casino. The algorithms of the TrueGame platform, as well as random number generator, aren’t secret. Their source codes are available on the GitHub. The game itself and the payouts take place in the secure and independent blockchain environment. Nothing can influence these processes. Moreover, the gamblers can check the game’s progress and results in a special open register. The platform provides total transparency of the gambling business as funds are kept in the form of smart-contracts and payouts are conducted automatically. The administration of the casino or the game’s organizer cannot affect it. Anyone can check the amount of jackpot or its financial backing.
How does TrueGame work?
As you can see from the above, in TrueGame all processes are performed within their own blockchain platform. It guarantees total transparency of the system and equal chances to win. The result is achieved through the introduction of smart contracts to the gambling ecosystem. Thus, the gamblers can be sure that the results of the random number generator are totally fair and all the information regarding gaming process is open to the public via blockchain. It means that if you use the TrueGame platform to play, you’re completely safe from fraud. The results of each game are available in blockchain and can easily be checked and analyzed in case of necessity. It eliminates the possibility of data falsification. The developers use Ethereum based blockchain. Thanks to the flexibility of architecture it allows to get the most from the technology and implement it in the game. With blockchain technology, with fair random number generator, people can be sure that the game rules are always strictly observed. If anyone wants to check the aforesaid he can take a look at the system source codes which are publicly available on https://github.com/truegame
More information:
Homepage: https://ico.truegame.io/
Whitepaper: https://ico.truegame.io/docs/whitepaper_en.pdf
Roadmap: https://ico.truegame.io/docs/roadmap.pdf
Telegram: https://t.me/truegame_chat
Bitcointalk: https://bitcointalk.org/index.php?topic=2577983.0
Twitter. https://twitter.com/truegameSRL
Reddit: https://www.reddit.com/user/truegamesrl/
Youtube: https://www.youtube.com/channel/UC-NLPf7AAn6sFxOiH1GFI4A
Author: saycryptohello, bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1336255
Very good project!
interesting article thank you.
good! i going to project
Goold.
Congratulations @saysaysayhello! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPАвтору голос.