There are alot of doubts in the gambling world, we have a lot of situations where the gambling site folds up and elopes with funds of users, and sometimes there are just too many intermediaries and charges. And recently Zeusbet closed down, leaving agents in debts, and users at loss and we need to put a stop to this lack of trust and bad intermediaries to our betting’s or gambling’s.
Since the introduction of the blockchain technology, we have come across several decentralized options in the finance sector, banking sector, health sector, online shopping sector e.t.c and now we have a decentralized platform to provide a lasting solution to the troubles faced in the whole online gambling system. Faireum is the decentralized gaming platform that highlights the advantages of blockchain technology to solving gambling problems.
Faireum is a public decentralized blockchain platform with given sets of protocols, which focuses on the gambling industry and provides a low cost, transparent, and secured betting and gambling experience for each and every platform users. Faireum uses its own native currency (FAIRC) and a smart game contract to guarantee a superb and premium betting experience and services in lotteries, sports betting, casino games and other digital games to the platform 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.
A lot of gamblers reading would wary and want to be informed about the games existent on the Faireum blockchain and they are as follows:
Lottery: Faireum provides platform users with blockchain lottery games with a maximum RTP of 100%. With the aid of a smart contract that can involve oracle service to provide a real random number.
Casino: The Faireum Blockchain provides a B2B solution for all online / offline Casino games with chips and cash management and also with the Faireum token, FairCash and all coin-related protocols, the Faireum platform provides a very flexible way to manage credits, scores and coins.
Digital Games: Faireum provides a final protocol for quick implementation of digital games, and a set of basic APIs of the application layer.
Sports Betting: Faireum platform provides a sports betting facility without a bookmaker, which makes it act more as a betting exchange. And also provides a platform for gamblers to trade the results of specific events on the platform.
The main components of the Faireum platform involves:
Advantages of The Faireum Smartnode
The Side Chain: Faireum supports an autonomous update function to allow more and more extensions from different partners to be implemented; including improving the capability and performance (TPS) of the main chain and enhancing the communication between the different blockchains nodes on the platform.
Extended Framework: Faireum will extend assets and game protocols to the cross-chain by providing cross chain asset exchange protocol and business interaction protocol that is based on faireum communication protocol for third party extensions, nodes e.t.c and it helps faireum to accept more excellent blockchain gambling games.
To rather conclude, the benefits for users on the Faireum platform includes:
Faireum provides an open ecosystem for all; enabling a fair interoperable online casinos.
It provides an official gambling platform that is full transparent.
It helps to reduce the threats of frauds.
The Faireum platform reduces the cost of user accounts and also enables game developers to monetize their work.
The faireum platform enables game developers to generate revenues without operating the game after release.
The faireum grants third parties of the platform with trustful and transparent services to fit development under the faireum protocols.
The faireum platform will integrate an incentivized sharing to allow game developers to benefit from a new value transfer rule that Faireum offers.
The faireum Platform users can play all games on the faireum network and also on the official gambling platform using the faireum tokens as a charge fee according to the games played.
TOKEN ALLOCATION
Token Name: Faireum Token
Token Symbol: FAIRC
Total Supply: 1,200,000,000 FAIRC
Sales Supply: 600,000,000 FAIRC
Token Exchange: $0.05 USD = 1 FAIRC
Soft Cap: $2.5M
Hard Cap: $25M
ROADMAP
I know you want to read more about the project, and also want to find out more information about how the platform works and how you are able to get the Faireum token (It is an ERC-20 token i.e it is on etherum blockchain) as well. But for further information regarding the revolutionized gambling or betting decentralized platform, you can look links below:
Website: https://faireum.io
Whitepaper: https://faireum.io/assets/files/Faireum_whitepaper2.0_En.pdf
Telegram: https://t.me/faireumofficial
Bounty0x - oluwani
