From the beginning of time until now gambling has existed in different forms, people have virtually been found in different group trading on luck to get other forms of value like money or other forms worthy of value. But they have all followed same principles and processes to do virtually the same thing.
All gambling platforms operate in same model and processes, and they look for different means to attract more customers which most often are not effective. These gambling platforms operate with a centralized agency who decides the rule of the game and most often the result of the gambling platforms are manipulated by big players and influencers in the gambling hall. In the need to create an ecosystem that is completely decentralized and managed by the community the uRunIt Team set out to create a fully democratized gambling platform which is totally controlled by the community.
Introducing uRunIt Platform
uRunIt as the name implies, meaning you and I (The Community) are in charge of how and on what rules the gambling platform is hosted. The uRunIt platform is taking a leap further to create a new experience in the gambling ecosystem, they are proposing a new and novel way to do things. Taking power away from the traditional centralized way of gambling to a community-driven gambling platform.
Problems In The Gambling Platform.
Over the years the gambling platforms have been hosted by the closed systems. To define a closed system.
Closed System:
This is a situation where the losers or winner does not get a feedback as to why they lost or how the winning choices were determined internally. The system or the platform just choose and return the winner of a pool, without categorically stating why and how the winner was chosen. Users have no clue on how to affect the game and when the gambling pool is influenced by a third party.
This is a lack of transparency in the gambling ecosystem and it happens most often in the casino and other gambling games where the winners are influenced by the third party, and they don't have the slightest clue when and how this happens.
Additionally, the gambling platforms are managed by centralized entities and these entities are owned by an individual or a group of people and they enrich themselves by manipulating the gambling results. Which calls for questions of transparency and total scrutiny.
uRunIt Solution To The Next Generation Of Gambling Platform.
As technology continues its massive impact on the way we live and interact with our immediate community. The uRunIt platform is proposing a new and novel way to do things, a new way to gamble, a new way to democratize the gambling industry. The uRunIt platform is taking a bold step by giving the community an absolute power to own and determine how every tournament is hosted and managed on their platform.
The platform automatically draws the host based on the available users who are ready to play the game at a given period of time and chooses the host from the list of available users. This is done automatically and on the blockchain which is tamper proof and picks the host of a particular game and the chosen one decides the rules of the game and he has the power to also moderate the game.
As power is given to the community, the community would also have the absolute right to share the earning generated from a particular game, thereby distributing earnings to all users of the particular hosted game.
This would in many ways revolutionalize the entire gambling industry and brings absolute transparency in the gambling platform, thereby reinstating trust and encouraging more people to get involved in gambling, because of the absolute transparency the uRunIt platform has offered.
Advantages Of uRunIt Blockchain In The Whole Gambling Industry.
- It brings a absolute fairness by the decentralized nature of the technology.
- Blockchain instill trust to the gambling players, making the system trust-less.
- Provides greater financial transparency to the gambling platforms.
- Removes power from the centralized gambling platform and enabling the community to have a total control over how a game should be managed and hosted.
Visit the uRunIt official website, join the social media communities and consult the official documents for more information about the project.
Official Contacts
Website : https://www.urunit.io/
Telegram : https://t.me/urunit
ANN Thread : https://bitcointalk.org/index.php?topic=3396208
Twitter : https://twitter.com/URUNIT_IO
Github : https://github.com/urunit
Reddit : https://www.reddit.com/user/urunit_ico
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This article is not a financial advice. Investing in ICO may be extremely risky, always remember to do your own research and consult financial and legal advisors before investing in ICOs.