The online gambling industry is one of the biggest industries in the world because so many people love to play online gambling, and now the online gambling industry is worth about 500 billion USD, and this number is increasing and is expected to reach nearly 1 trillion USD in 2021 Even in Indonesia alone online gambling is also much demanded because online gambling promises big profits even though it also has a big risk of loss, but most people who like to play online gambling have the purpose to seek pleasure and to eliminate boredom.Although online gambling is very much interested, but on the other hand today there are many problems that exist in this industry, as well as the lack of confidence of players against the current system because everything is centralized, information data and money players are stored in a centralized computer network so that this makes it vulnerable to hacking threats. In addition, the centralized system makes it possible for service providers and online gambling developers to be transparent because they have control over the existing system, so players feel it is unfair and not transparent that only harms their own party. And seeing this industry that will continue to grow in need of a revolution to develop online gambling is even better, and with this present Truegame that uses Blockchain technology will make the online gambling industry more transparent, secure and of course will also provide many other benefits for players online gambling, service providers and developers. Follow the review of the Truegame below to find out what goals and issues to solve.
What is Truegame?
Truegame was launched in 2017 as a fully working smart contract based gaming platform. The first ICO of fully working gaming project that received positive feedback from the professional community. Truegame is a truly unique gaming product: users are already playing more than a dozen different games (scratch cards, prize draws, lotteries, giftboxes, etc.). They have already closed a private round of investments and even had to refuse one of the funds in full redemption of the project. They launched our product together with a team of specialists from the gambling industry.
Truegame is a blockchain based online game room for lotteries and gambling. The platform enables you to participate in lotteries, win valuable prizes, play dice and many other games. Our collection of games is constantly updated. They created Truegame using the benefits of innovative blockchain technology: smart contracts, publicity, equality, and security.
How Does Truegame Work?
Truegame uses the blockchain technology to give its users absolute transparency and fair chances when they play there. How does the company do it? By using smart contracts to ensure that the numbers of all the games are randomly generated and that every game will be stored publicly on the blockchain.This means that someone that plays using the Truegame platform will definitely be protected against scams, which are pretty common in this industry. The result of each game played on Truegame will be stored and can be consulted. This means that these results are not falsifiable.
The blockchain used by the company was created by the own company, so, via a thoughtful and flexible architecture of the blockchain, the company is able to enjoy the best of the technology and apply this technology to its games.
Since the blockchain does everything, since randomly generating numbers to be used in the games to distributing the winnings of the players, you can be sure that the rules will be strictly followed. You can access the source code of the company on Github: https://github.com/truegame.
What is Truegame solving?
Through the innovative technology of blocking and smart contracts, we solved the problem of player’s confidence in the casino. Our game algorithms and random number generation are open, their codes are available on GitHub. Both the game and the distribution of the winnings occur in an independent environment of the blockchain, and neither side can interfere with this process. Players can check the progress and results of all games in an open independent registry.Truegame provides full transparency – all the funds are contained in a smart contract that automatically pays out winnings without the participation of the game organizer. Anyone can check the availability and the size of the Jackpot.
Advantage For Token Buyer
- Buying of tokens with no risk: in case ICO does not collect softcap, all the transfers are returned
- Truegame is the first fully working smart contract based gambling project ever coming on ICO, which collected positive feedback from professional community
- A positive cash flow will be guaranteed in the nearest future, and constant development of new games will be conducted, which will positively affect the expectations of investors, and, consequently, the cost of the token;
- The process of obtaining a license has been launched, which will allow receiving funds in the traditional ways (payment systems, credit cards) within the next 2–3 months. This will bring the project to a much broader target audience;
- Our tokens can be profitable for long-term investments, as in addition to the natural growth of token price as
- the project develops, we also give a commission from the sales of game tickets to all the holders of the tokens;
- Short-term positions can also be beneficial, as we plan to start to actively attract players immediately after token sale, which should add a value of the token on exchanges;
- We have already reached agreements with crypto-exchanges, since our team employs an experienced token listing professional, which allows us to quickly enter a large number of exchanges and ensure high liquidity of Truegame token.
- Equal chances for each player. The game is based on absolutely
random combinations obtained from blockchain system. They are safe and
can not be changed. The player’s winning depends solely on luck and
mathematical probability; - One hundred percent safety. Blockchain technology uses a new approach to confidentiality. A public registry does not contain any personal information, however, it stores all available data about the game;
- The product is very attractive for players, because it has many advantages, such as:
Low transaction cost - The absence of a minimum deposit amount for depositing via cryptocurrency
- Instant winnings payments
- Clear chances of winning
- Low house edge percentage
- The share of Truegame casino is lower than in the classic online casinos — it is -included in smart contracts of the games and can be checked by the players, and the probability of a winning is indicated in the game
- Conditions and can also be checked, since the smart contract code is publicly available on Github
- The results of the games, as well as the process of the games can be fully monitored where it is technically possible (for example, in case of lotteries) and one can see the fairness of the games.
Token Info
- Token: TGAME
- Price: 1 ETH = 9,250 TGAME
- Platform: Ethereum
- Accepting: ETH, BTC, LTC
- Minimum investment: 0.1 ETH
- Soft cap: 2,000,000 USDT
- Hard cap: 9,000,000 USDT
- All the unsold tokens are burned.
Token Sale terms
Private-Sale:
- Dates: 10.02.2018 — 04.03.2018
- Hard cap in Private-Sale: 31,450,000 TGAME
- Private-Sale price: 1 ETH = 18,500 TGAME (bonus included)
- Bonus on Private Sale is up to 100% to a price on Main Sale (depending on the amount invested)
- Minimum Buying Amount: 5 ETH
Pre-Sale:
- Dates: 05.03.2018 — 15.04.2018
- Minimum Buying Amount: 0.2 ETH
- Bonus on the first week of Pre-Sale is 40% to a price on Main Sale, 1 ETH = 12,950 TGAME (bonus included)
- Bonus on the second week of Pre-Sale is 30% to a price on Main Sale, 1 ETH = 12,025 TGAME (bonus
included) - Bonus on the third week of Pre-Sale is 20% to a price on Main Sale, 1 ETH = 11,100 TGAME (bonus
included)
Main Sale:
- Dates: 16.04.2018 — 30.04.2018
- Price: 1 ETH = 9,250 TGAME
- Minimum Buying Amount: 0.1 ETH
Token distribution
A total of 300,000,000 TGAME tokens will be issued and they will be distributed as follows:
Conclusion
ts good that the team has a working MVP at the time of product launch. But space is already crowded and it is will be a tough competition to secure space. The team is good, professional and has relevant experience. The project vision doesn’t really differ from their competition. Furthermore, the private sale raised 1700 ETH with a bonus up to 100%. That’s a big portion compared to the low hard cap. Make sure you guarantee a spot with your whitelist which is still open at the time of writing this review. I cannot recommend this ICO for short-term gains- The hype with only 2000 telegram users is a way to low to flip ICO investment. The long-term potential is rather looking tough too. Nevertheless, the potential for the online gambling market is unlimited and the projects you will win a big portion of these segment will give some nice returns. Is Truegame one of them though?More Information :
Website : https://ico.truegame.io/
Whitepaper : https://ico.truegame.io/docs/whitepaper_en.pdf
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