In the world of online casinos, Bitcoin brands became the darling of the industry as soon as players understood all the advantages it brought. Provably fair gaming, instant payments and ever-growing jackpots that would go up in price after players hit them, made Bitcoin casino brands legendary. But as the space developed, new cryptocurrencies emerged. With new cryptocurrencies came the crypto casino concept, and a wealth of improvements on the now classic Bitcoin casino.
With that being said, the crypto casino phenomenon is more about Bitcoin casinos enabling payments with other cryptocurrencies, than new crypto casino brands emerging. Implementing the technology of bitcoin, blockchain technology, in an online casino model solved the gambling price problem. Cost-effectiveness increased, resulting in a house edge as low as 1%, whereas in land and normal online casinos that value could be as high as 15%. Moreover, on-chain based casino eliminates the need for most of the costly intermediaries in the standard online casino, such as server hosting, service providers or payment service processing, decreasing overall costs even further. As a result, such financial perspective attracts more potential players and encourages online casino players to switch to blockchain based platforms.
Bitwin have decided to develop a blockchain based online casino platform which eliminates problems mentioned above. In Bitwin, all transactions and computing will be based on the Ethereum network and its unbiased smart contracts.
Bitwin was founded by a group of casino and sportsbook professionals with years of vast experience originating from the gambling industry who teamed up to create a distinctive and unique platform in the already crowded iGaming space. Knowing that in order to become the platform everyone looks up to, it has to remain competitive at every stage of the challenge and at the same time offer the most attractive gaming conditions and environment.
The first and early Bitwin 1.0 platform, created prior to 2.0 version, was built with the best standards in mind. Driven by clear and achievable vision, Bitwin dedicated all the resources at hand to design a visually sensational space that cannot be challenged by any other gambling platform.
Bitwin’s 2.0 blockchain ecosystem will include in following features:
Bitwin Network - allows players to enjoy iGaming without having to transfer funds to operators account. While playing, users interact with a smartt contract and recieve the reward based on the outcome, Bitwin never has any control over your wager.
Fair RNG - In order to generate random numbers, the smart contract will be using repeated hashing function to generate a stream of random numbers, as big as is required for the player to play the game seamlessly. This solution allows anybody interested to verify the randomness by dehashing last revealed hash output and comparing it to the outcome on Ethereum blockchain.
GDK - Bitwin strives for a community fueled platform that allows for users entertainment, but also grows together with the community. In order to fulfill that premise, Bitwin team will create a Game Developers Kit. It will consist of all the game development tools necessary for seamless creation and adoption of the final product into the platform, such as game engine licences, unified developer program and other crucial middleware.
Global Jackpot - Bitwin Global Jackpot aims to create a network of blockchain slot games run by multiple Bitwin platform operators accumulating a percentage of winnings into one, truly enormous Jackpot.
Bitwin Vault - Bitwin Vault will freeze BWT tokens for 6 month period after the launch of Sportsbook section, and it’s sole purpose will be to provide liquidity. The company risk management team will set up wagers with players until there is enough liquidity, that players can take bets against themselves. After the 6 month period, 50% of the tokens remaining in the Bitwin Vault will be released to team members.
Bitwin Token is a decentralized, blockchain-based payment method that will be introduced to an already existing Bitwin online casino platform. BWT token is designed to meet the most sophisticated demands of iGaming vertical and eliminate most pain points bothering existing online gambling market.
The ticker for Bitwin tokens is BWT and it is an Ethereum-based ERC20 standard type token. The overall token supply is 450,000,000 BWT.
Website: https://token.bitwin.com/
Whitepaper: https://token.bitwin.com/files/Bitwin-Whitepaper.pdf
Facebook: https://www.facebook.com/bwtoken/
Twitter: https://twitter.com/BitwinToken
Telegram: https://t.me/BitwinToken
Bitcointalk Username: Tpq01349
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1972940
