Introduction
The gaming industry is one of the biggest and most successful in today’s global market with an estimated value of 44.16 billion USD in 2016 and still expected to go up to 81.71 billion USD by 2022. This just goes to show how much people love and enjoy gambling. However, traditional casinos run by humans pose risks to the transparency and security of the games they offer. There have been many cases where casino goers are cheated out of their money with tricks and techniques common to most traditional casinos. That is why a solution is needed that will revolutionize the gambling industry and provide transparency and security to the customers. The solution that I’m talking about is the integration of online gambling into the blockchain.
Integration of Online Gambling into the Blockchain
As I have mentioned earlier, the blockchain technology can revolutionize the gaming industry. Some of the advantages of blockchain-based gambling platforms to traditional casinos:
The blockchain provides a decentralized structure that will prevent any manipulation or fraud at the hands of money-hungry people such as casino operators. It has no limits and can be joined by anyone anywhere in the world.
The blockchain-based gambling platforms are backed by smart contracts so players can rest assured that they will receive any due winnings or prizes due to them without delay.
Transparency and reliability of transactions can be provided because all information is stored into the blockchain where it cannot be tampered by anybody.
These advantages of blockchain-based gambling platforms over traditional casinos will be the very reasons why the gambling industry will definitely stay as one of the biggest industries in the global market.
Comparing Truegame with Another Blockchain-Based Gambling Platform
So now that you have known the importance of gambling integration into the blockchain, we will discuss two blockchain-based gambling platforms backed by smart contracts namely Gamblica and Truegame. In this ICO face-off, we are going to compare the two projects in terms of their product, product delivery and development, token economics and expert ratings to see which is the better one. By the way, I have already made a comprehensive review of Truegame so better read it here for more information about Truegame.
Variables
Truegame
Gamblica
Description A blockchain-based gambling platform that aims to promote transparency, honesty and reliability in online gaming An online gambling platform that offers a wide range of gambling activities such as roulette, slot machines and sports betting
Product Delivery Is the first smart contract- based gambling platform with a fully functional website doing an ICO Currently on casino software development and will soon launch an MVP (Minimum Viable Product) this month April 2018
Product Has games already running and playable on the platform such as prize draws, lotteries and scratch cards An MVP will still be launched this month and will include their first playable game which is the slot machine
Product Development More games will be added to the platform this year that will include Card Lottery, Gift Box, Dices, Smart Roulette, Slot Games, Craps, Keno, Bingo, Lotto mechanical draw machine and many others. An online casino will be added in September 2018 and a poker room on June 2019
Mobile App Has an Android mobile app already available in play store Has plan to launch a mobile app but currently not working on it
Token Supply Has a total token supply of 300 million wherein 70% or 210 million tokens will be sold during the token sale Has a total token supply of 1 billion wherein 544 million tokens will be sold during the token sale
Token Price Token price will be at 1 ETH = 9,250 TGame tokens or around 4 cents each token Token price will be at 1 ETH = 10,000 GMBC tokens or around 4 cents each token
Hard Cap Hard cap of 10,300 ETH Hard cap of 40,000 ETH
Unsold Tokens in the ICO All unsold tokens will be burned All unsold tokens will be burned
ICO Bench Rating Rated an average of 4.8 out of 5 by 80 experts in terms of ICO Profile (5/5), Team (4.9/5), Vision (4.8/5) and Product (4.8/5) Rated an average of 4.5 out of 5 by 21 experts in terms of ICO Profile (4.9/5), Team (4./55), Vision (4.3/5) and Product (4.5/5)
We cannot deny that both of these gambling ICOs are great and very promising. They both offer transparent, reliable and tamper-free transactions which are the benefits of blockchain integration. But comparing the two, I find Truegame more advantageous than Gamblica because of a number of reasons shown on the table. Truegame already has a working platform whilst most of its competitors are still launching their MVP. Truegame also already has an Android mobile app available in the play store which will make it more accessible to people anywhere in the world. And for the token economics, Truegame still wins this round because compared to Gamblica which has a token supply of 1 billion tokens, Truegame only has 300 million issued tokens wherein 210 million will be up for the token sale and all unsold tokens will be burnt. Truegame has a relatively cheap price of 4 cents each considering its token supply and most of all the sky-high ratings given by to it by some of the most trusted experts in the blockchain.
Conclusion
Truegame is one of the best ICOs right now, if not the best. It already has a working product and a mobile app available. It has a strong team with years of credible experience in the sales and gaming industry lead by Dmitry Danilov as the CEO. They also have a solid collection of some of the best ICO advisors in the blockchain with names such as Mate Tokay, Bogdan Fiedur, Benjamin Fockersperger and many others. Truegame is a very promising ICO that delivers what they intend to do and honestly, I have not seen any ICO right now that is as high profile, high – rated and talked about as the Truegame ICO.
For more information and updates about Truegame, visit the links below.
Website: https://ico.truegame.io/
Whitepaper: https://ico.truegame.io/#whitepaper
Facebook: https://www.facebook.com/truegame.io/
Twitter: https://twitter.com/truegameSRL
Telegram: https://t.me/truegame_chat