Introduction
Modern society trends, entertainment industry development, income growth in developing countries and common use of mobile devices have positive effect on the development of gambling industry, both traditional one and online segment.
A rapid growth in gambling and sport bets market is observed nowadays. The industry’s average earnings-growth rate for the last 7 years is 9 per cent, which is three times more than the global GDP growth rate.
The development of IT-technologies makes the most essential contribution to the gambling market growth. With the progression of Internet connectivity hundreds of millions of players worldwide have got the possibility to play in a casino without leaving home. Mobile devices have enabled casino users to play practically from any point with the access to Internet. Technological expansion, development of high-speed mobile Internet network have provided for the development of online gambling market, and, particularly, online casino market.
The industry’s heady growth rates can be explained by the advantages over traditional business practices. Operational costs for the maintenance of online services, as well as transaction costs for running such business activities are significantly lower comparing to the ones of traditional casinos. Online processes enable serving clients worldwide, which reduces costs for attraction of new audience planetwide.
Despite such a positive forecast, online gambling industry suffers from many problems hindering the market’s development. One of the biggest problems is fraud, and, as a consequence, absence of clients’ trust to entire market. Users are afraid of cheating on gambling platforms: use by gambling machines of wrong algorithms for winnings calculation, which significantly hinders the growth of the number of gamblers in an online segment. One more important problem is a risk of account blocking in case of a big jackpot winning and its subsequent withdrawal. Internet gambling activities are legally restrained in many countries, and a bank is entitled to block the account after the winning amount is transferred, and to confiscate it.
Winstars is a decentralized gaming platform with a catalogue of gambling resources, with its core built on Blockchain and Smart contracts.
We stake on simple and attractive games designed for everyone, not even a gambler, with transparent and guaranteed fair results.
Blockchain technology and crypto currencies have opened new possibilities in terms of safety and fairness of games. Using this simplicity and safety, we strive to create such simple and multi-player games for everyone. The technology of fair gaming results which is created inside the platform, according to an international encryption method, Blockchain based giveaways of prize funds and jackpots open new possibilities for gambling.
Considering reality of ICO market, one of the most important goals of our team is a prompt launch of the platform, which is scheduled to 3rd quarter of 2018, as well as monthly release of intermediary versions according to the Roadmap. Many Blockchain teams allocate 2-3 years till the first release, while our task is the project’s enlargement at a maximum speed, and a prompt benefit to the users who believed in our platform. The purpose of Winstars project is to create an international, absolutely transparent online operator built on the basis of Blockchain technology (in particular, Ethereum), with the ability to check the history of each bet, game and the algorithm for determining winnings.
Even though the majority of online gambling market companies are obligated to pay to independent audit companies and regulatory bodies for confirmation of their own fairness, such regulation cannot solve the problems of unfair attitude towards the end user.
Use and integration of Blockchain technology in the gambling operator’s structure would allow creating an absolutely transparent system that would prevent blocking of a player’s account or obstruction of withdrawal of one’s personal funds. Every user has the possibility to check the history of all bets and any monetary transaction, including payment of a win, and to assure oneself that the operator is honest. Blockchain provides the trust of users to an online casino’s history, and all relations between operators and user take place in the form of smart-contracts.
Apart from solving the trust issue, the use of a decentralized system would allow reducing operational and transactional costs associated with financial part of the platform’s operation, which would facilitate to a considerable degree the solving of the company’s scaling problems and would foster international expansion. All of this would allow Winstars to receive a strategic advantage over other companies at the market.
1. Market
Gambling market overview
Rapid growth of gambling market is noted nowadays. According to the study carried out by PricewaterhouseCoopers Consulting Company, the industry’s average earnings growth rate for the last 7 years has been 9 per cent, which is thrice as high as the global GDP growth rate.
Global gambling earnings are growing rapidly and, according to PwC estimate, have amounted to USD 217 billion.
The tendency will remain until 2012, which is fostered by such trends as implementation of IT-technologies, economic growth in developing countries, increase in real income of the population, as well as liberalization of gambling restrictions in some countries.
With the progression of Internet connectivity hundreds of millions of players worldwide with no access to gambling have got the possibility to play in a casino, play poker without leaving home. Mobile devices have enabled casino users to make bets practically from any point with the access to Internet.
1.6 billion people worldwide play gambling games at least once a year. Online gambling market can be referred to as the most promising segment of online gaming business. Online gambling share in online gaming market has increased to 72 per cent for the last 8 years and the average growth rate has made 9.1 per cent.
Such growth rates can be explained by strategic advantages over traditional business practices: lower operational costs for maintenance of casino online services, acceptance of bets and poker rooms, as well as reduction of transaction costs for operation in the web.
Using of Internet web would unlock the possibility to offer a wider range of services, thus creating the possibility to cover and attract different types of gamers who prefer different kinds of gambling games including poker, casino, and gambling machines. Earnings of such giants of the segment as Bet365 and William Hill amount to billions of dollars a year and are equal to 2.3 and 1.6 billion correspondingly. An important role is also played by the online poker with a year-to-year income over USD 4 billion, with the industry leader’s income (PokerStars), having numerous negative feedback, being over USD 1.5 billion.
Company’s expansion to new markets is an important stage of scaling, attracting of different groups of players. Experts name a number of advantages of online gambling operator business model over the traditional gambling operator business model.
Main trends and advantages of online gambling industry:
• Classic casinos and offline sport bet offices can interact only with local clients as well as tourists arriving to the corresponding city. Online business practices allow scaling and rendering of services globally;
• Operational costs for serving online gambling operator and its activities are significantly lower than the ones for offline casino, resulting in increasing of financial indicators such as ROI and ROE;
• Scalability. Online operator can provide the possibility to play for several thousands of players worldwide. In classic casinos and sport bet offices the number of visitors is limited by the number of seats at the gaming tables;
• Convenience and comfort. To make a bet a client does not have to visit casino anymore. All is needed now is a PC or a mobile device, a tablet with access to Internet. A gamer can play at the real tables watching the live-streamed game thanks to the web-camera;
• Bureaucratic optimisation. Online gambling operator has no need in interacting with a large number of state authorities and private organizations.
2. Winstars project
Basic functionality
Winstars is an international online gambling operator built on the basis of integration of new IT-solutions in online gambling and Blockchain technology. Winstars gives a unique possibility to make a bet for every amateur of gambling games regardless of his/her location and income.
The basis for the operation of Winstars platform shall be the decentralized system of smart-contracts responsible for ensuring fair distribution of random numbers and playing cards at casino’s tables and poker rooms, as well as for distribution of funds to clients’ accounts.
Winstars is building a system which would guarantee transparency and fairness for all gambling games presented.
Thanks to the advantages which are to be implemented at the Winstars platform, many industry’s problems associated with the trust issues, entry to international markets and protection of users’ personal data will be solved. Any person can get acquainted with the operating activity of the platform thanks to open access to public registry with mathematical proof of identity.
Using of Blockchain technology in the online gambling operator’s structure allows creating a completely transparent system. The result of every single game or a number, dealing of a subsequent playing card are random and are determined by random generation multifactor model, when the final value is determined based on several indicators of input data.
WINS token plays the most important role in the platform operation. The token is the platform’s payroll unit and will be used for accepting of bets or fees for admission to gaming table. Thanks to use of crypto currencies in the operator’s system, every lover of gambling games worldwide has the possibility to make a bet with minimal transaction fees and bureaucratic costs.
Using of tokens in the system minimizes bureaucracy formalization, reduces time for receipt of funds in the client’s account and commission fee, as well as provides high liquidity of funds and the possibility to effect transfers worldwide.
Winstars has an enormous potential for attraction of international clients. Byproviding perfect service of gaming, guaranteeing payment of winnings, Winstars gives chance to gamers from all over the world to play favourite gambling games with minimal entry commissions (Ethereum gas), with no worries about blocking of funds.
Principle and technology of operation
The main advantage of our platform shall be the transparency of random numbers generation system which would allow every participant to be sure about fair results of the game. The random number is determined by RSA cryptographic algorithm working on the basis of one-way hash-functions. Furthermore, several functions are used simultaneously as an input data for the function. Such multifactor model is much more reliable than single functions used in similar projects, due to the increasing complexity of protocol compromising by a third party.
First RNG = F (Hash 4 from the block’s end, Hash of the block of transaction of Wins entry by player)
Next RNG = F (Hash 4 from the block’s end, Previous RNG)
Transaction hash, generator’s previous result (absent during the first transaction) and private slot key generated at the beginning of game session are used as input parameters. Result checking is carried out by taking an inverse function under this algorithm from obtained value and the platform’s public key which will be available in public access.
It is worth saying that using of internal protocol also solves the generator’s speed issue. Similar systems which take data of blocks (Ethereum or Bitcoin) as one of the sources can show a random number only after the appearance of every subsequent block. Therefore, a user is forced to wait for his/her bet result up to 1 minute (in case of Ethereum) or up to 1 hour (in case of Bitcoin). Our system will show the result instantly. In case we collect USD 15 mln, the possibility of complete immersion into the process by using VR-glasses or a special device for smartphone will be implemented at the Winstars platform. Each player will have the possibility to enjoy the game as if he/she is at the real gaming table and plays with real competitors.
Why does the project need blockchain?
Implementation of the project on the basis of blockchain is pretty hard from the technical point of view, especially considering the technology’s novelty. Nevertheless, according to the analysis of similar projects we have decided that we needed a distributed ledger to perform the role of an outside guarantor to provide guarantees for players.
The ecosystem to be created is completely based on automatic operations resulting in trust and absence of information asymmetry: each participant knows that everything is calculated in a fair way, any operation can be checked in a public data registry. At the same time Blockchain ensures a significant reduction of infrastructure costs.
Comparative advantages of Wins:
• Absence of financial borders and hidden transaction commissions. Using of crypto currency for payments and integration of the in-system token eliminates the need of bureaucratic formalization, reduces transaction time and commission amount, as well as offers high liquidity of funds and the possibility to effect transfers all over the world;
• The project team is composed of the professionals having the experience in management of real projects in the traditional gambling industry. The symbiosis of experience and skills would allow obtaining a proper strategy management;
• Decentralization of the system and warranty of win pay-off. Using of a decentralized system neutralized the risk of account blocking, client’s funds freezing and long-time waiting of the confirmation upon the application for withdrawal of funds to the client’s third party wallet;
• Possibility to check the casino’s fairness and the dealing of the next card. Blockchain registry´s public nature and public nature of transactions allows creating a system where every player can assure oneself that the platform is fair.
• Scaling and the possibility to attract new clients. Online casino systems allow serving additional players without additional costs, while blockchain allows project implementation without limits and acceptance of payments from all over the world. The only limits are related to Ethereum Blockchain data throughput.
• Ability to make bets for users with minimal budget to start the game and test the system´s functionality. Thanks to advantages of the in-system token integration and the reduction of transaction costs for financial operations users now can deposit without minimal limitations resulting in the possibility to attract and give chance to make bets to any player in the world (1.6 billion people worldwide play gambling games at least once a year).
• There is no need to identify players;
• Absence of limitations on the number of transactions;
• Automation of internal processes, acceleration of payments;
• Creation of an internal ecosystem of services;
Turning into a gambling games operator in future
Winstars.io team is focused on the global future. One of our goals is to create conditions for other projects to be able to operate games represented on Winstars platform on the basis of whitelabel. We will seek to make Winstars an international company with global reputation to attract not only players, but also owners of online gambling businesses. The technical solution along with unique marketing tools will become our guide to the world of gambling.
Team
3. Token Sale
General information
PreSale: 10.05-20.05, tokens to be sold: 22,500,000; token price: USD 0.16.
Main Sale: tokens to be sold: 80,500,000: token price: USD 0.20.
Token Sale has two main goals:
• Entering WINS into circulation;
• attracting funds to develop and promote Winstars platform.
In total, 150,000,000 WINS will be issued. 103 million tokens will be available to be purchased through Token Sale. Distribution will be done through a smart contract, the code of which will be previously posted for public audit. The raised funds will be used to launch the platform, integrate tokens and finance advertising and marketing. 26% of tokens are reserved for founders, partners, bounty program participants, team members, advisers, and creation of a game fund. The tokens of team members, founders, and advisers will be frozen for a period of 6 months to 2 years. The bulk of the tokens are distributed through Token Sale.
Token Distribution:
Token Sale – 103 000 000 WINS
Advisory board – 7 000 000 WINS
winstars.io 28
Team – 16 000 000
Game fund – 12 000 000
Bounty and referral program – 12 000 000
Road map
Q3 of 2017: analysis of online gambling market, search for key problems in the sphere, organization of players’ interviews, team building.
Q1 of 2018: development of project concept, definition of technical implementation, interaction with the Blockchain community and the community of players to draw up the correct project concept, presentation of the project to strategic partners to find solutions to the main problems.
Q2 of 2018: launch of the marketing and PR campaign of the project, announcement of the project team and project’s advisers, Token Sale, start of online casino development, listing of the WINS token on the announced exchanges, presentation of the prototype platform to the community. Build-up of a massive marketing and PR campaign to promote the project.
Q3 of 2018: presentation of the fully working platform with running games to the community and investors, optimization after feedback.
Q4 of 2018: launch of the poker room, official launching of Winstars online casino. VRcasino development if Token Sale goals are achieved.
Q1 of 2019: official presentation of VR-casino to the community (if Token Sale goals are achieved). Holding of a global conference to present Winstars functionality with the participation of all involved team members, partners, and community.
Q2 of 2019: placement of the tools for third-party developers willing to cooperate with our platform, mobile apps.
More Information Follow Link Bellow:
Website: https://winstars.io/
Whitepaper: https://winstars.io/whitepaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3591488
Telegram: https://t.me/winstarss
Facebook: https://web.facebook.com/winstars.io/
Twitter: https://twitter.com/WinStars_io
Author:
Bitcointalk Usernam: milobubu
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2091970
Eth Address: 0x533330b7Aa38D23FEF62e4894d5f5d8680405696