The internet has had a significant effect on many industries, and a few more so than gambling. From small beginnings, gambling has become a business worth billions of dollars. There are hundreds of gambling sites providing all kinds of different products and services to customers all over the world. Anyone with an internet connection can easily play casino games, place wagers on sporting events, play poker and much more.
The gambling market becomes very competitive, with many operators trying to be the best and biggest. Big bonuses for new customers became commonplace, and many casinos introduced loyalty schemes for their regular customers. The overall standard of the software available was almost constantly improving, and additional features were being added.
We use classic client-server technology to launch the platform. The reason we do not use blockchain to create a fully decentralized platform is quite simple. So far, there is not a single blockchain platform that would allow millisecond transactions for data transferring. Moreover, any transaction in the blockchain is by no means free. A large number of transactions with a lot of data will make it very expensive - the cost of the project will exceed any revenue it might generate.
We are creating an online gambling platform where absolutely all the games will be hosted and controlled by the users of the platform. The platform is created as a “white label”, so we can sell it to other operators. This, in turn, will allow us to share the concept around the world in a short time and make it an industry standard. Also, the platform has an open API (application programming interface). This will make it possible to add games created by third-party developers. This way the library of games on the platform can be constantly replenished and expanded with minimum time and money invested.
The basic concept of the platform is that 100% of all games, card tables, machines, lotteries, etc. are hosted and managed by the users of the platform. In other words, the payers themselves host games and receive most of the profit collected during the games. Any player can sell his rank (or part of the rank) for URUN tokens to other platform users. This way any user who wants to improve his rank can do this not only by regular participation as a player, but also by simply buying the rank from other players. And those players who earned their rank, have the opportunity to partially or completely sell it to other users.
UCoin chips are used as the main game currency within the platform. This sets the common currency standard within the platform. UCoin may be considered an analogue of regular casino chips. Conversion to/from UCoin will be necessary to deposit or withdraw funds. The rate of one UCoin is 1 ETH = 50000 UCoin. The rate of other cryptocurrencies and fiat currencies to UCoin will be determined by the current market rate of ETH. The rate of the URUN token will be determined by the market after the release of the token to the stock exchange.
TOKEN DESCRIPTION
Token Name: URUN
Token Type: Utility token
Token Technology: Token is created by ERC20 standard on Ethereum platform. Token is compatible with stock exchanges and wallets
Total number of Emitted Tokens: 80,000,000
Token Sale Cap: 60,000,000
Minimum goal (Soft Cap): 4,000,000 Tokens
Maximum goal (Hard Cap): 60,000,000 Tokens
Accepted Currencies: ETH automatically (ZCL, BTC, LTC, XRP, DASH- manually)
USE OF TOKENS
Platform Users
• Paying lease fee for the right to own the place
• Buying player’s rank from other platform users
• Boosting up their game in public games lists
• Receiving bonus for attracting referral players
• As a currency to deposit and withdraw funds to/from the player’s account
• As collateral for participating in the jackpot drawing
Developers: payment to third-party developers for using their games on the platform
Operators: Payment for installing and using the platform
TOKEN DISTRIBUTION
Public Sale: 75%
Reserve fund for platform development: 7%
Founders: 6%
Team: 5%
Advisors: 2%
Bounty: 5%
UTILIZATION OF COLLECTED FUNDS
Platform development & Infrastructure: 30%
Marketing Budget: 45%
Legalization & licensing: 5%
Stabilization fund: 15%
Consulting Services: 5%
ROADMAP
Q3 2017: Market research. Design & development of “U Run It” platform concept, forming the team
Q4 2017: Confirmation of the player’s interest in the platform
Q4 2017: Beginning of the platform development
Q1 2018: Preparation for public sale & developing a smart contract
Q2 2018: Tokens closed pre-Sale
Q2 – Q3 2018: ICO stages (pre-ICO, marketing campaign, ICO)
Q3 – Q4 2018: The token is emitted to major crypt exchanges
Q3 2018 – Q1 2019: Obtaining all the required licenses & registrations
Q2 2019: Release of Alfa-version of the platform and the beginning of active testing among players. Alpha version allows deposits and withdrawals only in cryptocurrencies and URUN tokens
Q3 2019: Release of Beta-version of the platform, signing contracts with game developers. Integration of deposits and withdrawals in fiat currencies
Q4 2019: Launch of the platform with basic set of games and its release to the European market. Start daily, weekly and monthly jackpot drawings.
Q1 2020: Updating and expanding the catalog of games. Release of the platform to the Asian and US markets
Q2 2020: Release of the mobile version of the platform for iOS & Android and incorporation of casual games and games of skill
Q2 2020: Integration of games from third-party developers. Beginning of sports betting platform development and its integration into existing infrastructure. Integration of the AI into the Sports Betting platform.
Q3 2020 & Beyond: Further development of the platform and increase of its market share in the gambling market. Game catalog transition to blockchain.
TEAM
Roman Grushkovsky – Co-founder, CEO)
Masx Vaschuk – (Co-founder, CMO)
Leonid Rubin – (Co-founder, COO)
Pankaj Gupta – ICO Adviser
Timo Trippier: Investment Adviser
Jason Coles – Community Adviser
Dmitry Pshenin – ICO Adviser
Aleksey Batishev – Gambling Adviser
Marksim Mishchenko – Markeitng Adviser
Victoria Naizer – (Casino Adviser)
Tamamra Dvir – (Casino UI/UX Adviser
For more details on this project, please feel free to click on any of the following links:
Website: https://www.urunit.io/
Whitepaper: https://www.urunit.io/docs/whitepaper_eng.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3396208
Twitter: https://twitter.com/URUNIT_IO
Facebook: https://www.facebook.com/urunit
Telegram: https://t.me/urunit
Published by: tszone
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1742409
Ethereum wallet address: 0x684c9d1c004AB2023E1d3ae9aEb902B514B703d1
