Bitfresh - Transparent and Fair Gambling

in bitfreshtokens •  4 years ago 

INTRODUCTION

One of the main problems in the iGaming industry is the lack of transparency and, as a result, users distrust of traditional applications and online games. With blockchain, you can provide complete transparency, secure storage of user funds and non custodial gambling. This explains the growing popularity of gaming decentralized applications. In 2019, dApps from the gaming and gambling categories occupied the first six places in the ranking of the most popular decentralized applications.

A dApp is an application that runs without a backend in a decentralized computer system - for example, on a blockchain. Accordingly, the dApp uses the main advantages of the blockchain: transparency, reliability and data immutability. DAPP (Decentralized Application) consists of a backend code running on a decentralized peer-to-peer network. DAPP can also have a frontend-generated user interface that accesses the backend. No central server is required for DAPP to function: the interaction between users and providers is direct.

The emergence of blockchain technology and other digital assets has changed the way the world today now manages and conducts transactions. This technology has been adopted by various industries including the iGaming industry to improve on the existing method on which their day-to-day business activities are carried out. The transparency and immutability of blockchain technology helps creating a unique experience for players in the online gaming space.

Bitfresh is a blockchain-based community driven social iGaming experience that pays dividends to the players. The platform is filled with reward systems to give players many ways to win and earn over time BitFresh uses blockchain technology to create a decentralized platform, where the gaming processes are efficient, transparent, and provably fair. BitFresh will harness the maximum capabilities of blockchain technology, using the TRON network to provide gamers with numerous advantages which include: Low commission fees, fast transactions, minimum bets, increased security, non custodial betting and dividend sharing.



WHY BITFRESH?

Bitfresh provides a secure and transparent blockchain-based gaming platform that offers a range of games for interested users. There are both famous games and new ones. Choose from a huge variety and enjoy your time. Thanks to blockchain technology, the whole process is completely secure and you don't have to worry about the platform's fairness. Bitfresh prides itself not only on excellent design and aesthetic satisfaction from using our platform, but also in a completely safe and fair gaming experience. One of our goals is to bring a decentralized system that makes the whole experience 100% trustless and manipulation free.

Bitfresh platform offers online casino games like classic dice, coin flip, classic slots, 3D slots, and many more. Many of these games are developed and deployed on the Bitfresh platform using the TRON ecosystem. Bitfresh is built on the TRON ecosystem because TRON offers a comfortable and convenient architecture for iGaming deployment.



OUR GOALS

Our vision is to be a community driven iGaming platform that makes constant changes and iterations based on user feedback. The main goal is to create a fair and trusted environment for stakeholder and gamers alike.

  • We want to be recognized as the first truly community driven iGaming platform
  • We want to be amongst the first big blockchain based iGaming platforms
  • We want to help moving the iGaming industry towards the right direction with provably fair gaming and true transparency.
  • We want to be referenced on how successful a decentralized project can be become through the next generation of token economies.



THE PLATFORM

  1. Ranking System : One of the many ways that Bitfresh rewards players are through crypto rewards & bonuses for reaching a new rank. Each rank has a requirement of some amount of wagering and missions. The higher the rank, the higher the prize.

  2. Daily Missions : The platform will have a set of missions that can be completed daily to access special bonuses and additional ranking points.

  3. Purchasable Items : Players will have access to a set of items that can be purchased with BFT. These items will give the players a special ability or bonus over our in-house games. These bonuses can go from extra mining rewards to the reduced house edge.

  4. Jackpots : All users will have a chance to earn jackpots in In-house games.

  5. Tournaments : To create a competitive iGaming ecosystem, Bitfresh provides campaigns and competitions that allow users to compete and get big prizes.

  6. Fairness : Users don't have to worry about the fairness of Bitfresh. Bitfresh with blockchain technology ensures that nothing can be manipulated on the Bitfresh platform.

  7. Mining : Even when players lose, they win! When betting, the player earns tokens regardless of the outcome.

  8. Non Custodial : Thanks to cryptocurrency and blockchain technology players are able to play directly from their wallet, removing the need for them to trust our platform with deposits or withdrawals.

  9. Referral Program : Referring players to BitFresh gives the referrer a percentage of all future bets from the referred players. The platform covers this cost so that referred players are not negatively affected. The referral program allows for passive income for as long as those referred players use BitFresh.

  10. Staking : When players stake with their BFT tokens, they will receive a portion of the platform's profit (dividends) from the Dividend pool.

  11. BFT Token & Dividends System : Players and stakeholders can earn through our dividend system and BFT token price speculation.



BITFRESH TOKEN ECONOMY

The token system is a behavior therapy method. The aim of the token system is to build desirable behavior through small rewards. The so-called tokens can be smileys, marbles, chips, etc. The player can collect these and exchange them for a reward if a certain number is earned. The Player is rewarded for good behavior and has a sense of achievement.

BitFresh Token (BFT) is a utility token for profit sharing and stakeholding. The BFG token acquires value due to the possibility of receiving dividends, which increases the interest and demand for this asset. BFT token is a TRC20-based utility token created for Bitfresh platform actions, with a max supply of 1,000,000,000. BFT token is a means of exchange within the platform and has multiple applications like:

  • Staking. By staking users can have the opportunity to gain platform profits (dividends)
  • An in-game currency for betting and payouts
  • The reward for participating in the Bitfresh iGaming ecosystem
  • Cash Back
  • BFT tokens may also be sold or exchanged for other cryptocurrencies, such
  • as Bitcoin, Ethereum, etc.

BitFresh is a proof-of-gameplay reward mechanism aiming to revolutionize the iGaming industry. Users are rewarded for their time playing, while Game Developers grow their gaming community, earn crypto and get help from adhering services. Everybody wins! These tokens are the basis for the platform’s revenue sharing system through a dividend distribution.



TOKEN DETAILS

  • Token Name : BitFresh Token
  • Token Symbol : BFT
  • Total Supply : 1,000,000,000
  • Token Type : TRC-20 TRON Based Token
  • Token Type : 18 TRON Based Token

BFT will not be initially withdrawable at launch to keep trading from hurting initial mining incentives. Unlike other platforms which hold tokens hostage for an unknown length of time, withdrawals will open and BFT tokens will be listed on an exchange three months after launch.



TOKEN DISTRIBUTION

A total of 1,000,000,000 BFT tokens will be issued and allocated as follows:

  • 5% of the BFT tokens will allocated for Staking
  • 5% of the BFT tokens will allocated for Advisors
  • 5% of the BFT tokens will allocated for Early Supporters
  • 10% of the BFT tokens will allocated for Public Sale
  • 5% of the BFT tokens will allocated for Bonus Mechanics
  • 20% of the BFT tokens will allocated for Team
  • 50% of the BFT tokens will allocated for Players



ROADMAP

Q4 2020
• Whitepaperdevelopment
• Team building
• Coin flip & dice game
• Initial mining system
• Platform alpha launch
• Pre launch campaign & bounty program

Q1 2021
• Accessibility enhancements
• Official main net launch
• BFT mining begins
• Referral program

Q2 2021
• Addition of new in house games
• Token emission and initial sale
• Dividend pool rewards
• Jackpots system
• Token listing

Q3 2021
• Addition of new cryptocurrencies
• Enhanced mobile experience
• Daily gambling missions
• Player items

Q4 2021
• Token burn begins
• Ranking system & achievements
• New games & integration with Gaming providers



CONCLUSION

The document is a marketing document and is not intended to be legally binding. Nothing in this document shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction. This document does not constitute an offer to sell, or a solicitation of an offer to buy, an interest in any jurisdiction in which it is unlawful to make such an offer or solicitation. The information in this document does not constitute a recommendation by any person, nor does it constitute advice on the merits of participation in any purchase of Draw tokens or any other cryptographic token or currency. Nor has the information contained in this document been approved by any regulatory agency or governmental authority of any kind.

  • Certain statements contained in this document may constitute forward-looking statements or speak to future events or plans. Such forward-looking statements or information involve known and unknown risks and uncertainties, which may cause actual events to differ materially.



ACCURATE INFORMATION



AUTHOR

Bitcointalk Username : lani123lani
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1220105
TRX Wallet Address : TAzNT5hPfagh2JkvtDCdgv4U8HqHiUbQPh

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