The online gambling market is undoubtedly on the rise with an estimated compound annual growth rate of 10.7 %. This competitive market is forecasted to grow more rapidly in the coming years and is considered to be one of the most profitable online business.
One of the key problems facing the global gambling market is the opacity of the casino processes. Most people view the online gambling venture with skepticism. TruePlay Token is an innovative project that brings in the blockchain technology to the online gambling industry to resolve the various integrity and transparency issues.
How it works
TruePlay came into the market with an attempt to do something slightly different from the rest of the players. Rather than dealing with individual consumer, TruePlay is focusing on a business to business solution that’s going to support various gaming and gambling platforms.
The support could range primarily from the software design, launching, upgrades to additional developments. Casinos and gambling authorities with relevant paperwork can only purchase the software. The platform will also allow access only to the licensed casinos and gambling companies.
Business owners get software services from TruePlay where they can run the platforms under their own brand. TruePlay also aims to provide companies with their own blockchain as part of the services.
The T-PLAY Token
Financial security is a priority at the core of any online gambling site. TruePlay seeks to improve the transaction time with a super-fast token payment method. This will solve the issue of lack of funds with the provision of fill-statistic from different operators. The platform publishes the HASH of the gaming results to the blockchain just before the game starts.
T-PLAY is the token ticker with a soft cap set at 3,000 ETH while the hard cap set at 43,000 ETH. During the initial coin offering, ICO; the exchange rate was set at 1 T-PLAY equals to 0.0012 ETH. This is a clear indication of the expected value of the project. A total of 42 million tokes is also expected to be created for the ICO and this represents 61% of the overall number minted for the project.
With no mention of the minimum investment, this makes the T-PLAY an allinclusive opportunity which is pretty cool.
Conclusion
The TruePlay Token appears to have a decent business model with solid plans to solve the current problems affecting the gambling industry. They also have a huge market to play with and have received some significant backing from various investors and gambling companies.
This will boost their reputation in the long run and perception by potential customers.
Website: https://trueplay.io/
Whitepaper: https://trueplay.io/docs/ru/TruePlayWhitePaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=2771636.0
Telegram: http://t.me/trueplaysupport
Twitter: https://twitter.com/TruePlayinfo
Author
Bitcointalk Username: rabia_laskor
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2153374