Gambling industry is certainly on the rise, and online gambling is rising on a steady rate with rise of internet, since it is easier than traditional “going to bookmaker office” kind of gambling, but also it is not limited to certain regions. Nevertheless, all gambling sites, online or traditional, are using third party service for organizing a bookmaker list, and that could create biased outcomes. Blockchain provides solution for this, so that we do not need third party service for provision of gambling.
BetGil is comprised from two independent services, first is RedSoft Online Gaming and Entertainment sites and second is GilPay – money transfer and payment gateway. RedSoft is offering services related to gaming and entertainment, with ownership on a dozen websites and services comprised from pre-match services, with odds for more than fifty sports and over three hundred markets, live betting services with online streaming for more than twenty-eight thousand matches per year, or almost one hundred a day and live casino experience. On the other hand, GilPay is planning to be accepted in online stores, provide local currencies support for all users, and operation on a secured platform. RedSoft is also offering white label i-gaming solutions, with IntBet24, Bahistir7, ByBet, Betinde as the most well known brands from RedSoft.
BetGil is planning to provide revolutionary service, with already more than million users, and several daily active users. In the whitepaper http://betgil.io/documents/WhitepaperPDF.pdf, it is explained betting systems, and technical details regarding the betting process. Regarding product architecture, and BetGil smart contract concept, that is customized to suit all parties that are involved in online gambling industry – gambling developers and end users. It is a concept where the user finds the game that want to play, activate his/her wallet on it, make a deposit for that game, play the game and then withdraw funds in case of positive outcome. BetGil will support existing platforms, and playing games on existing platforms, such as Bet365, William Hill, BetFair and similar. Sports betting, Jackpot slot machine and Poker Texas will be offered on the platform, with customized architectures, but it will not be limited to these, all developers will be able to offer their proposals and BetGil team will be third party auditor, with all payments carried out through BetGil wallet.
Total number of coins that will be issued is 800 million, with 50% issued for ICO, 15% for third party developers, 15% will be held by GilPay and 20% will be used for other activities, such as audit, bounty, affiliate programs and similar. Token sale is in progress, with 18706 ETH already sold, soft cap is set on 2 million USD and hard cap is impressive 50 million USD, with 56 days left for token sale. Red Soft is operational, with gaming license issued in Curacao, currently more than million users and more than 200 million USD in bets already deployed. Third platform launch is planned for august 2019, and poker launch sport-bet is planned for next month.
Project website: https://betgil.io/
Project whitepaper: http://betgil.io/documents/WhitepaperPDF.pdf
Project telegram: https://t.me/betgilofficial
ANN thread: https://bitcointalk.org/index.php?topic=5147810.0
Author:
Bitcointalk username: casperBGD
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1573369
ETH: 0xFa1b8166B0f109795dE9844E8B55014608996A06