Have you ever wondered what keeps certain industries from gaining more popularity? Have you questioned experts from various fields what causes people to keep holding back from something that may prove to be beneficial for them? Maybe is it because people still see a multitude of obstacles that no one addresses or dismantles.
Take for example the gambling industry - even though we often see it as a controversial topic, this industry has met a series of impediments over the last few years. We could mention here frauds, lack of transparency, inability to pay the winnings, hacker attacks, etc.
But what if we could take all these obstacles aside? What if there was a practical and efficient way to create more trust, to encourage people to take more risks, to stop seeing only the things that might go wrong, to promote this activity, to attract more investors? Without a doubt, this would improve all aspects and components of these profitable businesses.
How could this be done if not through the use of modern technology?
Discover TrueGame - a solution that uses Blockchain the recreate the gambling industry
Let’s have a quick look at the main aspects that causes this hindrance to the development process:
Many players have lost trust in casinos because they cannot verify the manner in which the games function and winnings are determined. How can faith be regained?
Gambling apps or website do not provide sufficient and specific information regarding the number of players, winnings, etc. How can users see results and compare them to the reality that he/she is facing?
Users often give up playing because they had heard of situations when casino operators were not able to do the payments they were obliged to. How can full transparency be implemented?
Sites, funds or accounts are frequently hacked. How can this be stopped and who can guarantee that prizes are not stolen?
Facing issues in a new way
These problems cannot and will not simply go away, by themselves. That is why TrueGame created a fully functional platform that uses blockchain and smart contract technologies. The result? All operations mentioned above are made in an autonomous environment, that cannot be controlled from the outside. Algorithms and transactions take place and are stored in the blockchain. All distributions, storage, and drawings related to the Jackpot are done in a decentralized environment, by smart contracts. So, users get maximum transparency, complete security, free and constant access to the algorithms use and payments history.
Understanding the platform on which TrueGame operates
At the center of all interactions that concern the player, sits the smart contract (each game has a separate contract that can be found and analyzed on Github). Only through the smart contract can the user deposit or withdraw money. The player has a unique and specific balance, in the internal TrueGame token (TGame - a utility token to be released on the Ethereum standard, in compliance to the ERC20 standard); these tokens will be available through the crowdsale. They represent 70% of all TGame token and reach a total amount of 210,000,000.
A Pseudo Random Number Generator (PRNG) algorithm will provide random numbers for all of the games available on the platform (lottery, scratch cards, jackpot, etc.). Find out more about the PRNG on GeeksforGeeks.
Got questions?
To find more about this working platform, understand the benefits that users can enjoy and also learn more about the ICO, from an investor point of view, visit the official TrueGame website at https://ico.truegame.io/ and read the Whitepaper.
