Bets and sports are already inconceivable without each other. The potential of investment attractiveness in the bookmaker market is very high. According to several sources, income of the online gambling market, such as poker, casino, sports betting, etc., was more than $400 billion in 2017.
Undoubtedly, this segment of the market is becoming attractive for new technologies. It's no secret that not only the fans of easy money have always been interested in bets, but also those who profited from someone else's trust using fraudulent schemes.
Trends in the development of the sports gambling market
This market has not been modernized for a long time, remaining centralized, shadowed, with non-transparent schemes and processes. Modern man seeks to simplify those segments that hamper development. We are interested in new technologies that can increase the productivity of objects and things around us, thereby reducing our costs. Blockchain technology is an excellent example of this trend - it has changed the idea of the modern world. Is it possible to make bets, get honest profits and remain confident in the transparency of the processes nowadays? The organizers of Proof of Toss answer “yes” to this question.
Proof of Toss ecosystem aims at the modernization and updating of the bookmaker industry. The purpose of the platform is to simplify the process of creating bets, events and refereeing. Organizers hope that the platform will interest the existing bookmakers. According to research conducted in 2017, about 82% of respondents, including the owners of large bookmaking agencies, expressed dissatisfaction with the existing online payment system: restrictions and delays in payments force them to look for new opportunities and solutions; 34% of operators state that the current system requires payment of unreasonably high commissions; 19% of the respondents reported that due to the constant delays and interruptions of payments of the existing online system, a large number of transactions are not processed on time. Players also do not trust bookmakers, since deception and theft are not uncommon in this area.
What does the Proof of Toss platform offer?
1. Transparency of the ecosystem. Anyone can track payments, rewards and other transactions.
2. All personal funds in one wallet. Instant display of the movements of funds.
3. Three roles that can respond to the requests of any interested users. The ability to choose one of the roles: create events, bet and judge.
4. Guarantee of fair results. Use of the wisdom of the crowd in summarizing the judging and competitive results.
5. Safety of user data. The system does not require the provision of personal data for registration on the platform.
6. High transaction speed. Proof of Toss platform is based on RSK side-owner, which, in turn, implements smart contracts for the bitcoin network. Due to this, Proof of Toss is able to support 300 transactions per second, which allows reducing costs.
Competitive Advantages of Proof of Toss
Analyzing the state of the market, the creators of Proof of Toss believe that an intelligent betting system based on blockchain technology and smart contracts, and not on the trust and centralization of the system, is able to change the state of affairs in the bookmaking sphere. Proof of Toss may also be of interest to traditional online companies, as the platform develops solutions to migrate to the business model without involving third-party payment agents, changing the trading method.
The platform provides a competitive advantage: increasing market share and attracting new players. The mission of Proof of Toss is the creation of a functional ecosystem for smart rates based on honest and transparent processes, and the reliability of the system. Basically, modern bookmaker market is focused on creation of rates, but the creators of the platform believe that they have something to offer.
ICO Planning
For the period of ICO, Proof of Toss creates and sells Toss token. This token is based on Ethereum, the ERC-20 standard. 10 000 TOSS = 1 ETH. The minimum purchase amount is 142 ETH.
Let's add a few words about Proof of Toss team. The leaders of this project have many years of experience in bookmaking and gaming. Since 2011, the creators of this project are studying blockchain technology. After analyzing the market, accumulating all the experience and skill in the development, marketing, business and gambling, the organizers of Proof of Toss are ready to modernize the bookmaking industry.
Links
Website: https://toss.pro/
WhitePaper: https://bit.ly/2Jg34aQ
Telegram: https://t.me/proofoftoss
Facebook: https://fb.me/ProofOfToss
Twitter: https://twitter.com/proof_of_toss
Medium: https://medium.com/@ProofOfToss
ANN: https://bitcointalk.org/index.php?topic=2883886.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.