Gaming projects on the blockchain are certainly very popular indeed, but Trueplay has made an apparent attempt to do something slightly different from the rest. Rather than dealing with the actual consumer, they are focusing on a business to business solution and offering the platform that is going to ultimately be able to support the various gaming projects that are appearing in the market.
The new project is seeking to offer companies everything that they really need to ultimately launch their own gaming and gambling platform. This means primarily the software, as well as additional development, and you can see straight away that this is not the normal kind of project that is often associated with the gaming and gambling industy.
It will be important to point out that Trueplay themselves are not casino owners or gambling operators in any form. However, they do note that it is their aim to make the gambling market as transparent and safe as possible which is why they dedicate themselves to producing software and a platform that works and offers the security measures that anybody should expect.
From a technical perspective, the new platform will first of all not allow anybody apart from licensed gambling and casino companies to gain access to their software. In other words, people cannot simply purchase the programs and set up their own online casino unless they have all of the relevant paperwork in place.
Businesses want to operate a gaming platform so they come to Trueplay who offer the software as a service. They are then able to run the platform as their own and under their own brand leading to another casino based project appearing on the blockchain. They also aim to provide individual companies with their own blockchain as part of the process.
In other words, what we have here is a company offering a product to other businesses by both using the blockchain to complete the transaction and run their own platform along with the businesses then creating their own blockchain and project.
Follow?
Oh, and they are building their own sales platform, along with examples of their software, on the Ethereum platform. Clearly, this then brings with it those key security features that people expect from Ethereum as it would hardly be a good idea for there to be security issues when dealing with software of this nature. Their token is also an ERC20 token opening up the possibility of you using any Ethereum based digital wallet with it.
There are actually several advantages associated with what Trueplay is offering, and it we have to begin by saying that they are at least doing something different. By focusing entirely on providing the platform and software for this type of blockchain project, it does mean that the process becomes substantially easier for those companies that are looking at establishing this kind of business using this technology.
They are going to effectively become a one-stop shop for all of the casino and gaming platform needs that people may have, and they provide an on-going service to help deal with any issues or to help with additional requirements that an individual company may need.
From a financial aspect, they offer the kind of information about their ICO that you have come to expect. They are able to accept both ETH and BTC for this phase, and their soft cap has been set at 3,000 ETH. There is then a hard cap in place and this is at 43,000 ETH which is a big jump but it still may not be that impossible for them to be able to reach this.
During the ICO, the exchange rate that has been created sits at 1 TPLAY equating to 0.0012 ETH providing you with an indication as to where they are placing the value of their project and company. There will also be a total of 42 million tokens created for the ICO which represents some 60% of the overall number that have been minted for the project in general. Also, there is no real mention of a minimum investment which is pretty cool, and it could make more people feel as if they should take part in what is undoubtedly an interesting project.
So, what can we conclude about the project and business that has been launched by Trueplay? Well, they appear to have a decent business model, and they have a huge market to play with and they even spell this out in their Whitepaper. They have also already launched their software and platforms as well as getting some significant backing, and this will undoubtedly make a difference to how they are perceived by their potential customers.
The product that they offer is also something that people want even though the blockchain based casino market does feel as if it has been flooded a number of times. Perhaps the key is for them to offer an on-going service that looks after the software and helps the casino if something does go wrong.
Overall, this project is different enough to merit you even just thinking about investing in it. The casino market is certainly big enough to accommodate a number of new projects, and they need to get their software from somewhere, so this kind of plug and play approach should be able to perform pretty well indeed.
Purchasing some of their tokens during the ICO should be less of a gamble than you would be taking in trying out some of the games at the casinos they support, but there is obviously no guarantee attached to what they are doing. However, as risks come, this is pretty small especially if they are able to draw in some clients in the early days since this will build momentum and help to push the value of their token even higher than before.
Website: https://trueplay.io
Telegram: https://t.me/trueplaysupport
Bitcointalk user: danbitcoin1
