In ancient times people who were gathering in the arena wanted two things: bread and circuses. Two thousand years passed and just names have changed. Now ‘populus’ wants mostly burgers and entertainment. And Truegame project helps to fulfill these wishes, giving to people a modern platform with block-chain based games.
Project description:
I cannot say that iGaming is somehow a cutting-edge idea on ICO. Even for a while, I had an impression that every tenth project on ICO is somehow games related (gambling, online betting, video games, VR and etc.). Nevertheless, the high number of similar projects shows that this market has not only a great potential and raises a big interest, but also block-chain brings to it completely new possibilities. On the other hand, high competitive rate allows the just limited number of projects to collect a sufficient amount. So just the best and the most visible projects can keep the power on. Certainly one of them, I am presenting now to you.
So what makes Truegame outstanding?
Firstly, the idea of using a block-chain technology in a different stages of a game. The results of each game are verifiable in the blockchain open registry and cannot be manipulated. Random combinations received from blockchain bring fair chances to each player. Blockchain is also used in the last stage of the game, winnings distribution. All this together help players to gain trust in a gaming platform and playing process in general.
Secondly, Truegame already has an existing project, with users who are already playing in more than a dozen different games (scratch cards, prize draws, lotteries, giftboxes, etc.). After the ICO, Truegame team wants to add new games like dice, bingo, smart roulette, slot games and etc.
Market perspectives:
There is much more than one reason to think that gaming market (in a wide context), will grow, and very likely block-chain will just give to it a very impetuous kick.
Below you can see some estimated statistic for 5 years perspective growth.
According to the business wire, the global online gambling market was USD 44.16 billion in 2016 and is estimated to reach USD 81.71 billion by 2022, at a compound annual growth rate (CAGR) of 10.8%.
The global mobile gambling market is forecasted to grow more rapidly, at a CAGR of 18.84% during the period 2017-2021. According to Truegame whitepaper, this market is considered to be one of the most profitable online businesses.
Website & Whitepaper
Truegame website has a nice design and all needed information (including even the registration address, what I do really appreciate. On the upper bar, you can find categories like: about (there is a small programming mistake – header is visible), roadmap, team, benefits, press, whitepaper, buy tokens, login, our games. Our game is a hyperlink to the Truegame gambling platform. Screenshot you can see below:
Check the website: https://www.truegame.io/about
The only minus of the Truegame website (beside the word header), I’ve noticed it’s a very small, pretty difficult to read font. I guess the content creators expected that just hawk-eyed people read all texts on the website:).
Whitepaper is also well done. It contains illustrative graphic and very detailed description. Nevertheless, there is a tiny information I found misleading about the team tokens freezeing. Whitepaper promises to freeze tokens for 12 months, on the website it’s just 6 months. It doesn’t influence on the quality itself, rather, just hurts my perfectionism.
What I really loved in the Truegame whitepaper was a comparison between the similar gambling platforms. Whole comparison you can check here: https://ico.truegame.io/docs/whitepaper_en.pdf
Below, a print screen with just a part of comparison:
Tokens
Token released by the TrueGame is called TGAME and it is based on ERC20 protocol. Total number of tokens released is 300,000,000. More tokens beyond this number are not planned to be released. Both, Soft and Hardcap are possible to reach in a very short time. Very likely all will be gone before the main sale, so if you want to buy some better hurry up!.
From 300 000 000 released tokens 70 % will be possible to gain during the Private-sale, Pre-Sale and Main-Sale. Team will keep 15% of tokens which I count a fair award for a good job they were doing last couple months. 4% will go to the advisors – which is also fair enough and 1% will be reserved for a bounty. 10% of the tokens will be reserved for a future platform development.
On the next chart you can see the funds distribution. 45% will be devoted for attracting players (marketing, ads and etc.), 35% will create a jackpot, 12% will support further development and 10% will be reserved for resolving legal questions.
In general there is nothing to complain here. 45% for marketing is enough to attract an impressive number of new players. Just 12% seems to be a small number for a project development, but Truegame is ready-made platform, so maybe it’s sufficient in this case.
What I found worth to being mentioned is a bet price distribution. Token holders will receive 10% from every bet made on Truegame platform. Pure ‘win-win’ strategy.
Team
Team it’s one of the project strongest sides. It contains of specialist with many years of experience on different fields like gambling, marketing, blockchain technology and etc. More information you can find on their Linked in profiles and short bio from the website: https://ico.truegame.io/
Beside they attracted to this project real crème de la crème of crypto society as an advisors.
Roadmap:
Whole roadmap you can check here:
https://ico.truegame.io/docs/roadmap.pdf
From my side I’ll just say that a lot of from described steps is already done, resulting in ready-made platform. In next couple months Truegame plans to diverse their gaming offer (includes poker for example) and starts an intensive promoting campaign.
Hype:
Truegame advertises themselves as a first positively reviewed block-chain project. It didn’t sound very convincing for me, at least until I checked this out. And I was really surprised by the number of positive feedback project received. Middle review 4,7 on ICO Bench, 7,5 on Foxico and 4,8 on Track ICO. By the way one of the advisors is Igor Karavaev from ICO Bench, so let’s hope the high rank project received is not connected.
But speaking frankly they did deserved high notes. Below some community numbers:
Truegame has more than 9400 telegram members, 2054 twitter followers, 1000 fans on Facebook.
PROs and CONs, so the part everybody reads:
PRO
- Project idea (usage of block-chain in all gambling stages)
- Ready-made project
- High security. All Truegame infrastructure is made on DAPP (decentralized application). In case of an hacking attack, funds are save.
- Strong team and well known advisors
- Good hype and well done promo-materials
- Low soft & hardcap
Below what Truecoin finds biggest pluses of their project.
CONs:
- Not enough attention to the details (different information on website and in whitepaper, wrong header on the website, small font and etc.)
- Challenging market due to legal difficulties (license obtaining and etc.)
To sum up all together this is one of the best made project in ICO I’ve seen last weeks and I am sure they will sell all their coins during the PreICO period. The market on which they exists is undoubtedly difficult but with such a strong team and clear vision they have great chances to reach a success.
Presale stated on 5th of March and will last until 16th of April. Than Main Sale will start. Below, bonuses on different ICO stages:
So if you want to be ahead of the game and obtain TGAME tokens, click here:
https://ico.truegame.io?ref=HwG2IA7G
Check Truegame website: https://ico.truegame.io/
Truegame gambling webpage: https://www.truegame.io/about
And whitepaper: https://ico.truegame.io/docs/whitepaper_en.pdf
Crypto Hare