Truegame (https://ico.truegame.io/) is currently a trading project of iGaming which intends to implement a decentralized platform built on the Ethereum blockchain, where users will be able to gambling and participate in the draws with the help of TGAME tokens.
Users can play dozens and even hundreds of games on the platform such as lottery, scratch cards, and prizes.
The management of the lottery, the storage, and distribution of the jackpot is based on the algorithm for generating random numbers using a smart-contract.
The authors claim that unlike many other ICO projects they use blockchain to solve real problems of the chosen business sphere in a real way. Truegame also claims that they have a powerful team of experienced professionals who are ready to give 100% to achieve the desired result and offer the customer the highest quality services.
What kind of problem does Truegame solve in the gambling business:
- Transparency of gaming operators and organizers. 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 honesty of a gambling establishment or the organizer of the game and is never sure of them until the end.
- Solvency of the casino. The second important problem is the solvency of a gambling establishment. 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 blockchain, the issue of player's distrust to the casino is eliminated. The game algorithms of the Truegame platform and the random number generator are open, their codes source are available on the GitHub portal. The game itself and the distribution of winnings takes place in a protected and independent environment of the blockchain where nothing can influence these processes. 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.
In addition, Truegame uses random number generation in its games, and these numbers are generated by the Ethereum blockchain protocol which means that the company does not have any control over the numbers, so it cannot deceive the players.
Analysis of factors affecting the future value of the token
Since the main purpose of the TGAME utility token is to access games and distributions on the Truegame platform and the ability to place bets, the main factors affecting the price increase for the TGAME token will be an increase in the number of users on the platform and the number of lotteries provided by the platform. It should be noted here, that the development team has already implemented and launched the traditional and widely known lottery (6/49) in the European gambling market and also developed two of its own lotteries called Crypto Million and Blockchain Ball with big jackpots. These lotteries will be launched immediately after the end of the sale and replenishment of the jackpot which can increase the market value of the TGAME token in the short term.
The number of issues of tokens is limited. There will be no additional releases of tokens.
Reserve tokens (10%) are frozen to be used to raise additional funding for project development.
The above factors will affect the investment attractiveness of tokens after the ICO.
It is important to note that the tokens of gambling projects based on blockchain technology tend to show good growth after the ICO. Examples include tokens for projects such as Edgeless, Trueflip, and Smartbillions.
Truegame offers a number of unique advantages over the above projects and therefore TGAME may have the potential to raise prices after the ICO.
To learn more about the details of this project, as well as to participate in the purchase of platform tokens visit the official website https://ico.truegame.io/ and read the whitepaper: https://ico.truegame.io/docs/whitepaper_en.pdf