Greetings to all significant crypto community! The online gambling industry has expanded significantly in recent years and continues to grow dynamically. Already, this is a global market with a multi-billion dollar turnover, bypassing the music and film industry. But with the overall increased popularity of this industry, it has many significant problems, among which special attention should be paid to:
- The random number generator in most cases plays in favor of the platform (as users used to say - screwed up);
- Centralized models cause distrust among users, since there is a high probability that the user can be blocked and lose their money forever. Users have repeatedly noted this;
- High commissions and "gray" schemes of such platforms.
This is just a small fraction of the shortcomings that should be addressed and the blockchain technology can have a decisive role in the further development of this industry.
For example, consider the startup Faireum. Faireum is a decentralized platform, the ecosystem of which is based on a chain of blocks with its own set of protocols, in which developers can publish their own Dapps, including user functions for online gambling. The platform will host the following versions of games for users:
- lotteries based on smart contracts;
- casino;
- sports betting;
- digital games.
Including on the platform will be presented options for gambling hosted by providers and partners of the platform.
Moving from centralized online gambling models to the Faireum platform, users enjoy the following benefits: - lower costs of maintaining the functionality of the decentralized platform will increase the total winning pool, respectively, the probability of winning increases;
- more honest and open bets on events;
- High security and full account management.
An important point - the block hash in combination with the zero random algorithm (ZRA) makes the Faireum platform's random number generator truly independent, which is impossible to calculate.
FAIRC token value and sale details.
FAIRC tokens will function in the ecosystem of the Faireum platform as a digital currency that can be used as a bet on the game. In the future, it will be possible to use other cryptocurrencies.
ICO details and token sales.
Token symbol: FAIRC
Marker Standard: ERC-20
1 FAIRC = 0.05 USD
Soft Cap = 2 500 000 USD
Hard Cap = 25,000,000 USD
Accepted Payments - ETH BTC
Total tokens released - 1,200,000,000 FAIRC
Allocated for sale - 600 000 000 FAIRC (10% –Pre-Sale and 40% - public sale). Depending on the stages of sales, discounts are available from 5% to 40%.
Coverage of the Faireum community
Telegram - 5310 users
Twitter - 1100 readers
Facebook - 1400 users.
The community is evolving and the number of followers is growing every day.
Among the partners of the Faireum platform, it is worth noting such startups as SmartDEC, Tombola, 1x2 gaming, OMI and many others.
After completion of the sales stages, which will last until June 30, 2019 or upon reaching the Hard Cap, an online test version and partial release of games are scheduled for the 4th quarter of 2019 - Faireum Road Map.
In general, I want to note that the blockchain technology is a very useful tool for the online gambling industry and the Faireum platform has the ability to occupy certain positions in this market.
The information presented in the article is purely research in nature and is not an incentive for your investments. Make informed decisions based on your own analysis and experience.
Links for information:
Web site
https://faireum.io/
Technical paper
https://faireum.io/assets/files/Faireum_whitepaper2.0_En.pdf
Telegram
https://t.me/faireumofficial
Twitter
https://twitter.com/faireumofficial
Facebook
https://www.facebook.com/faireumofficialpage
My beta.bounty0x profile is ivanzabolotin
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