Bitwin Token — Anatomy of a Network Effect

in #blockchain5 years ago

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The vital principle in issuing a successful token is not only by doing thorough due diligence to find the best product market fit, but also crafting a powerful token definition. To really make the tokenization of an idea come to life, it is also required to build a meaningful community around it and incentivize its user base for a coin utilization and value creation. Bitwin 2.0 platform is able to achieve that by identifying and converging two concepts of communities within the project.

First, the community is based on the Bitwin customer centricity rule, which is what the platform is trying to accomplish with all its current means. Bitwin utility token backbone assumptions were derived from the players and bettors convenience, enjoyment and entertainment needs. The whole approach in creating the sophisticated and advanced tech platform arose from recognition of casino consumers pain points, and one of them is a lack of crucial impact that players can have on the platform. To address this issue, plus equally satisfy customers demands, the platform grants them interactive capabilities to actively shape the Bitwin gaming ecosystem and the main site content. The intrinsic functionality of Bitwin Token gives the players right to vote on their favourite games from the ever evolving content, submitted by the Developer Community.

Speaking about Developers Community, it’s a novel market idea to sustain Bitwin’s rich gaming variety. Through sourced Gaming Development Kit, any interested party can develop a gambling product for Bitwin, or other on-chain casinos involved, and try their best to become the industry’s leading game provider, like Microgaming or NetEnt. The players vote with Bitwin Tokens to move their favorite games from the queue to platform’s main feed, meanwhile, most popular third party gambling products are awarded with the profit they made.

This way players gain new interactive dimension, added to a standard gameplay capacity, and at the same time incentivize developers for their efforts. We can gladly say that this mechanism acts as reciprocal content curation between two communities. Games designers are supported with hints on what products are expected to perform well on Bitwin 2.0 platform, plus can get quick feedback on their games. On the other hand, it will be possible to facilitate instant finding of most playable products by curious players and have real impact on the platform outlook. The provided solution leverages token usability in an innovative and unprecedented way.

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Bitwin still holds few more aces up in its sleeve. Bitwin Token, to complete the online market large adoption game plan, has to position itself as a first project on the market that offers decentralized, blockchain-based casino, sportsbook and on-chain, whitelabel solutions provider.

Games from Bitwin’s in-house design team and Developers Community will be available to lease and license, to serve as a whitelabel line of products for many different gambling businesses and operators across the globe. Bitwin Token will open the new revenue streams and opportunities for the company and hence, gain a new B2B business functionality and interoperability. Players, from that moment on, will be able to use Bitwin Token not only at www.bitwin.com but also with every platform that deploys gaming content from our own, on-chain solutions provider framework.

To provide really immersive entertainment, and seal it with our token functionality, we invented Bitwin Global Jackpot. Global Jackpot will accumulate a percentage of winnings from all blockchain slots of all BitWin platform operators into one. The process will be calculated by smart contracts. As a result, a lucky Bitwin 2.0 customer could win a huge amount of tokens. It will be the first global cross-operator blockchain jackpot ever created.

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Recent technological advancements provide those, who wish to get the best gambling entertainment, with an alternative that can soon become open standard in the industry. The tokenization of gambling industry is an inevitable motion and Bitwin prepares well for it, to get the first mover advantage.

It’s obvious to us that to build and maintain sustainable relationships with gambling consumers, earn reputable presence on the market and change current situation, Bitwin not only has to remain competitive at every stage of the challenge, but has to offer the most attractive gaming conditions in terms of paradigm shift. Without it, online casino and sportsbook establishment will exist unchanged.

Bitwin 2.0 Private Sale is now LIVE!

Get your chance of entering the project at the most profitable conditions by investing in BWT Token now! To be eligible you need to complete whitelisting process on https://token.bitwin.com/index.html#whitelist and send an email at [email protected]. We will guide you then through purchasing process. This limited time offer will last until 15.02.2019.

Bitwin and BWT official media:

Website: https://token.bitwin.com

Bitwin 1.0: https://bitwin-demo.com

Facebook: https://www.facebook.com/bwtoken

Telegram: https://t.me/joinchat/DjnZixBK15Be8fzABNZhcw

Instagram: https://www.instagram.com/bitwintoken

Medium: https://medium.com/@bitwintoken

Twitter: https://twitter.com/BitwinToken

Discord: https://discordapp.com/invite/DNCksEm

LinkedIn: https://www.linkedin.com/company/bitwin-com

Reddit: https://www.reddit.com/r/BitwinToken

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