Gambling market problems & PlayBets solutions:

Gambling market review and its growth potential (Offline and online gambling games)
As of December 2017, the cryptocurrency market is worth roughly $600 billion (according to Coinmarketcap) The market of gambling online games, last year amounted to 44 billion dollars (according to Technavio). It is expected that income from the online gambling games market will rise to 60 billion dollars by 2020 year. Nevertheless, even such a large market has problems, and the blockchain technology and cryptocurrency can create a new era in gambling.

Classic online game platforms problems

To begin with, it’s not a secret that online games have the lack of honesty and transparency in hosting games and tournaments. Have you ever asked yourself if all the money be well-spent or whether they’ll be in your pocket? That is why, we think that it is one of the main issues.

What is more, as far as we are concerned, players might have a lot of complexities with fiat currency associated with commissions, transfers and a whole range of banking operations. Realising that not all the gamblers can easily make monetary transactions and relying on the fact, that operations can be quite difficult for players, we consider, that it is important to simplify the whole range of banking operations.

Furthermore, lack of full control over privacy is quite a big minus of the classic online game platforms. We believe the control to be more efficient, in order to save gamer’s privacy.

Also, we should say, that security in making payments isn’t over the control too. Isn’t it significant for you? We think, that lots of classic online game platforms don’t take into consideration security in making payments, losing an enormous share of clients.

Besides, online game platforms can lose their potential players by not taking into account lack of a low minimum deposit and payment threshold. To satisfy all clients and increase the share of them, it’s necessary to make lower deposits and payment threshold.

Last but not least, we consider that long registration difficulties are the big problem, seeing that many customers do not want to waste their time on long registration, so that, they are leaving the service before they start using it.

A number of gambling games, on a blockchain technology, using cryptocurrency, are already solving this problem, and it shows market development, but, most of them still aren’t solving some important problems.

Problems of other blockchain game platforms

Firstly, many of the blockchain game platforms are focusing only on the main genres of gambling games (such as Dice, Lottery and others), which is definitely leads to losing their clients.

Secondly, blockchain game platforms have a lack of a game catalog with mass online gambling games aimed not only at gambling players. In our opinion, the mission of any blockchain game platform is to be clear to everyone, not only to the hazardous player.

Thirdly, there is lack of focus on external developers, which, from our point of view, is really important. Nowadays, there is lack of gaming platforms, which are cooperating with game developers, for the reason that the gambling market is very competitive.

Fourthly, lack of support for mobile web version of games is making service too inconvenient. Certainly, mobile version support is a must, considering that, nowadays, we are using our mobile phones more often, so it’s uncomfortable, when service isn’t suiting for the mobile phone. (this happens, but in the form of rare exceptions).

Fifthly, lack of internal pull factors for players and in-built internal ecosystem for holding players’ interest reduces the share of them. Many platforms are connecting the interaction blockchain and the cryptocurrency, only for the integration purpose, without taking into account internal economy construction, which can increase the platform’s KPI many times.

Solution

Our gaming industry experience and desire to solve all of these problems are the inspiration for creating PlayBets — first decentralized game platform with a catalog of mass gambling games. One of its key features is Provably Fair, with Open results, Extremely simple and appealing gambling games. Platform includes new loyalty program, built on a regular Jackpots between players and token owners.

Comparing to other decentralized platforms, in which transactions are mainly performed in Ether or bitcoins, PlayBets uses special tokens based on ERC20 — PLT, which are introducing with the aim of creating the game platform internal ecosystem, loyalty program and rapid scaling. This approach provides a multitude of possibilities, for example, organizations, belonging to the community, white label solutions, etc.

Game platform main transactions are transparent and available for checking on the blockchain and it guarantees a lack of malevolent agents or predatory actions from the very beginning. The main Jackpot payouts fund distributions and token purchases will be fully decentralized and logged on the chain.

How does it work in general?

In a general sense, the game platform represents a catalog of games with mass gambling games with an entertainment character. Where each user can choose a game to match their taste, and play without any limitations, with fast deposit and funds withdrawal, which were earned in cryptocurrency. Every game is Provably Fair and has an open results. You can also participate in regular Jackpots (20% of the total revenue of the platform), which are an internal loyalty program, both for players and PlayBets tokens.
We are also uniting game developers and players, boosting to the internal ecosystem and support.
Blockchain technology and cryptocurrencies are opening new opportunities for games security, honesty and openness. Using this simplicity and security, we are striving to create simple and mass gamblings for everyone.
We would like to distinguish main service advantages, which, in our opinion, are very important.

How does it work for players?
Players can choose any game from the catalog and place a bet for a chosen amount in in-game currency Play Bets Coin (Pc), which was created for the players. It provides:

• an ability to add funds in popular cryptocurrencies (ETH, BTC, KICK, PLT, 9 cryptocurrencies in total, we planning rase up to 20);
• an ability to convert funds to PlayBets Coin (Pc) with a conversion reserve;
• a game account in PLT Tokens, PlayBets Coins and other cryptocurrencies;
• an account with the current number of tickets for participation in Jackpots.

How does it work for developers?

The game platform PlayBets will offer one of the most loyal conditions for purchasing games in a Buy-Out system, with a bonus system for game developers.

The Buy-Out system offers buying games from developers and collaborate with third-party game companies with the aim of expanding the game catalog. This means, that any game developer can develop a game that matches the description below and can sign a partnership contract.

Game catalog

In contrast to classic gambling sites and casinos, PlayBets team is striving to provide a high-quality catalog of mass online games supported and developed independently, providing a benchmark of quality for publishing games from third-party developers based on a publishing model.

A radical difference in the game catalog on the platform is a distancing from classic casinos with games in the format of roulette, black jack and so on.
Only large-scale and simple games will be offered on the platform.

One of our team’s main priorities is to offer a new gaming experience for a large number of players, even those, who dislike or aren’t interested in gambling games. That is why, we are presenting our first developed game Lucky — you can already play it on our game platform PlayBets.

Conclusion

PlayBets team was primary aiming to create an MVP version of the operating gaming platform. Therefore, PlayBets is already an operating platform, with honest and open game results, high number of game sessions per day and growing audience.

At the Pre-ICO and ICO stages, we are planning to publish a whole range of new games. We are aiming to develop and scale our gaming platform, during fees. The entire game catalog will combine an open protocol of conducting games, ensuring games honesty, the use of smart contracts that automate most processes and blockchain integration for hosting weekly and monthly Jackpots.

In contrast to the other services, PlayBets offers a tried and tested business model, along with understandable international expansion. Rapid scaling of the service is ensured by an internal publishing system for collaborating with third-party game developers, referral program, and a whole range of service integrations, for example, support for a multicurrency wallet with deposit and funds withdrawal in popular cryptocurrencies.

Developed internal jackpot system, between players and token holders is aiming to retain and stimulate the participation of each user and designed to strengthen the platform’s internal economy.

Our next step is developing our platform, by collaborating with external developers.

As for now, 6 game studios are at the stage of signing up 30 games, to publish them in our game catalog.

Having the skilled team of developers, huge motivation, modern payment services, support of consultants from the gambling industry, convenient blockchain technology, we are ready to take our gambling platform to the next level for our players to show full and effective use of it. Our PlayBets cryptocurrency PLT will only strengthen the success, by creating a full-fledged internal entertainment ecosystem.

Now, we are launching a closed Crowdsale for our first participants.

Please, visit our website for more details

Join our Сlosed Pre-Sale : http://playbets.io/