The funds turnover in the world gambling market in 2016 reached 44 billion USD, and by 2022 the growth is expected to almost 82 billion USD, with an annual increase of about 10.8%. At the same time, the development of the mobile games market is predicted to be more rapid - for the period 2017-2021 the growth rates can reach up to 19% per year. This market is considered one of the most profitable among the types of online business. Truegame decided enter in the game world, introducing the blockchain technology into the game process organization. The developers identified the key problems of the "classic" gambling business and tried to solve them using Blockchain.
The scope of the project is online gambling. Developers position their product as an electronic gaming plug-in platform, which already managed to receive positive feedback from the community of online gambling fans. Startup offers dozens of games - lotteries, prizes distribution, etc.
Now the Truegame team is in an active search for investors and went to the ICO to attract additional funding. The authors argue that they, unlike many other ICO-related projects, use blockichain to solve the real problems of the chosen business sphere.
Also Truegame have a powerful team experienced professionals who are ready to give 100% to reach the desired result and offer the customer the highest quality services. The startup believes that in the five-year perspective, the gambling online business will double. That is why rather important to resolve the fundamental problems in this area, and this can only be done with the help of Blockchain. The location of the project is Costa Rica.
USA residents could not participate in the ICO.
The project developers set the task of eliminating some significant shortcomings of the classical "gambling":
Developers see this as a key problem for offline and online gambling establishments and projects. For a player, the processes occurring in the casino are not obvious, as a consequence, the player does not trust the institution. A person can not check the integrity of a gambling establishment or the organizer of the game and is never sure of them until the end.
That is the second important problem . You can never be sure that the administration has the means to pay players, including the transfer of the promised amount of jackpot in the event of a win.
Truegame solves these problems. Thanks to smart contracts and blochain, the issue of player's distrust to the casino is eliminated. The Truegame platform game algorithms and the random number generator are open, their source codes are available on the GitHub portal. And the game itself, and the distribution of winnings takes place in a protected and independent environment of the block, where nothing can influence these processes. And players can check the development and outcome of the game in a special open registry.
The platform provides full transparency of the gaming business: people's funds are stored in a smart contract that automatically pays out winnings, without the participation of the casino administration or the game organizer. The availability and size of the jackpot can be easily checked by anyone.
As it is already clear, all processes in Truegame occur inside the own blockchain platform. This gives users full system transparency and equal, honest chances of winning. The result is achieved through the introduction of smart contracts in the familiar ecosystem of gambling.
They give players confidence that the results of the random number generator are really random, and everything that happens in the game is publicly available through the blockbuster. This means that someone who is playing through the Truegame platform is uniquely protected from fraud spread in the sphere of gambling. The outcome of each game is stored in the locker and can be easily confirmed and analyzed, which means that data can not be falsified. Developers use Ethereum blokchain , becouse to the power and flexibility of the architecture, the Ethereum technology allows platform users get maximum possibilities and implement them directly into the game. With Blockchain, everything from "honest" random number generator that determines the winner among the players, people can be confident that the rules are observed strictly. All who wish to verify the validity of the allegations, may have access to freely available on GitHub.
Truegame team made an excellent roadmap. You can see it completely here.
The main component in the architecture and economy of Truegame. A token is required to make bets in games, to play games, to deposit the gaming balance. Using the TGAME token allows us to provide absolute transparency for games. The results of each game are verifiable in the blockchain open registry and cannot be manipulated.
According to developers statement.
ICO. Token and funds distribution.
Pre-Sale - March 5 2018 to April 15 2018 .
Token Sale - from April 16 2018 to April 30 April 2018.
Platform accept ETH, BTC, LTC.
The minimum possible purchase is 0,1 ETH.
The cost of one TGAME token is 9.25 TGAME per 1 coin of air.
A total of 300 million tokens have been issued,
210 million TGAME are for sale.
Token disrtibution 210 million (70%) on Crowdsale:
All coins that are not sold during the ICO will be burned. The team also plans in the future to buy a number of tokens from holders to maintain liquidity.
The funds will be divided:
Truegame ICO was high rated by such portals like icobench and others.
And Truegame successfully reached Hard cap.
Opportunities provided by Truegame, should be appreciated by lovers of online gambling. The ability to once and for all get rid of fraudulent schemes in the casino looks interesting, which draws attention to the new platform, and the cost of tokens will probably grow with time.
Try platform here
