Marginless ICO Review

Marginless ICO – creating a better platform for bettors.  

  Is betting your thing? Are you one of those who simply enjoys getting into any kind of bets and probably wants to create one as well? If so, then, you may want to check Marginless. They are offering a new blockchain-based platform for bettors, wherein, they aim to provide more flexibility in betting and less complex system.  

  Betting in any form has been part of our history for ages. From racing chariots to gladiators’ fights, it has become a medium to bring more excitement and challenge to each game.   

  Through the years, betting has been evolving to meet its crowd’s demands. It became so advanced that any one who wants to take part on the reward can simply go online and roll the dice.  

  However, in a traditional online betting, there are a lot of issues that arise. Most of the platforms you can find online have limited games you can join, overcharging and the centralized environment brings delays, limited interactions to other players and sometimes unfair plays.  

  Marginless aims to change the game of betting. With the use of the blockchain technology, the company will provide a platform that is more flexible to both gamers and contributors, decentralized ecosystem, a much affordable fees and fast services.  

  Let’s take a closer look on how this new platform can benefit all users.  

The Marginless Platform  

  As mentioned earlier, the new platform will be using the blockchain technology to up the game on betting and make it more reliable, easy to use and cheaper to all its users. It will be a betting exchange platform wherein peer to peer bets, betting on offered markets and creating your own bets are made possible.  Here is a list of what this platform can offer to all its users.  

• Mobile App 

  To make betting more convenient for all users a mobile application will be provided. A simple and safe system that will enable users to do face to face betting as well as sending and receiving bet offers instantly. Basically, all the features on this platform will be accessible in their mobile app.  

• Everyone is a Winner 

  A team of full traders is not a requirement when placing bets. Peer to peer playing can be done and with 1% industry leading charge to the winner.  

  And with the new platform that Marginless is developing, losers can still turn out to be winners at 1% margin. See the sample they provided below.  

  And if you are already a winner and won 60% of the bets, Marginless shows that your profits were almost doubled compared to the traditional betting platform.  

  They also included a monthly Jackpot Raffle, wherein, every member will have a chance to win. Funds on this monthly raffle will be coming from the margin fees collected.  

• Peer to Peer Betting 

  Conveniently offer a bet to another user, once accepted, both bets are then locked in a contract. Increasing the stake or split the pot can also be done at any given time. And after the event is finished, get your winning instantly.  

• Become a Bookmaker 

 Anyone can become a bookmaker as long as you have a minimum of 250,000 MRS tokens in your account. The platform will only be charging up to 5% of your monthly gross profits in MRS tokens. 

• A More Reliable Bet Results System 

 Instead of relying on public votes, which can give false results, Marginless will be using the Hybrid Oracle solution for fair and fraud-free bet results. 

  Hybrid Oracle solution will utilize official market sources that will provide individual feeds for each events’ results. If in any case the results from each market varies, a manual review will be in place to prevent incorrect pay-outs.  

  And through a web or phone application, users will be notified of the events’ results and users will be given 15 minutes after the notification has been received to report any discrepancies on the results.

  If all else fails and still the funds were distributed incorrectly, the rightful winners will be paid using the reserve’s funds.

• Regulations on Consistent Winners 

  Most betting companies restrict consistent winners in placing full stakes. With this platform, everyone is welcome to play. No restrictions on placing bets regardless of the frequency of winnings. They actually encourage all members to play more by providing reward tickets for the monthly jackpot draw.  

• Transparency 

 All members can access and review their betting history and can utilize the platform’s analyzing tools to create strategies.

• No More Payout Delays 

  Traditional betting companies need to use third party institutions such as banks before you receive your winnings. In Marginless platform, it uses the MRS tokens and altcoins which provides a more secure and faster payment process.

• KYC

  The usual scenario faced by bettors in a traditional betting company is the complex security verifications during payouts. It is normal to wait for weeks or even a month before you can withdraw your profits. But since Marginless’ platform uses altcoins this KYC procedure has been simplified and more user-friendly.  

• Wide Variety of Betting Options 

  Other betting companies are restricted to a sports-based betting system. With Marginless, everyone can be a bookmaker and create bets for different niches. Bets can be for political elections, sporting events, product releases, cryptocurrency price changes and more. 

• Chance to Win from the Monthly Jackpot 

  Marginless will be conducting a monthly jackpot raffle draw for everyone to join. 10% of the fees collected will be used as prizes and 3 raffle winners will be drawn.  To qualify for the raffle draw, each user must earn raffle tickets from the tasks fulfilled.

MRS Tokens 

• Ticker: MRS 
• Platform: Ethereum 
• Soft Cap: 4,000 ETH 
• Hardcap: 21,000 ETH  

Token Distribution and Funds Allocation

Token Sale

The Verdict

  The Marginless platform offers promising features that would change the face of betting. Not only that it offers more security and faster transaction processes, but also the flexibility to place bets on different niches in just one platform.  

  However, to truly put your confidence on this platform, the company should be very lenient in keeping the security, reliability and transparency on their event’s results. If the system would fail on these aspects, then, users will be more on the losing end than on the winners’ bench. But the company seems to be serious in living up to its members expectation – one example is that if in any case that the security fails the rightful winners will be compensated from its reserve’s fund.  

To know more about Marginless and if you’re interested to join the ICO and the Luxury Car Raffle program visit the links below: 

Website: https://www.marginless.io/ 

Whitepaper: https://www.marginless.io/docs/MRS_Whitepaper.pdf 

Profile: https://bitcointalk.org/index.php?action=profile