Online Gambling Industry

In 2016, online Gambling Industry captured market of 44.16 billion USD and is estimated to reach 81.71 billion by 2022, at a CAGR of 10.8%. There is an exceptional growth due to Gamblers find it much more convenient to Gamble from home rather than travelling to Casinos. According to the British Gambling Commission, 97% of online gambling players play from home.

Existing Online Casinos VS Blockchain Technology

Key problem with the existing online Casinos is trust-deficit. How can players be absolutely sure that the online Casino managers are not manipulating with the system? If you ask software programmers, they would tell you how easy it is to code a programme to make online Casinos a guaranteed high profit marketplace. There are few online Casinos that publicly share the distribution of wealth system, yet vastly lack transparency.

Blockchain Technology can most simply be defined as a ‘Trust Machine’. If there is a Casino built on Blockchain ledgers, it solves the mistrust problem by bringing transparency in the system. Once smart contracts are in place, the system simply can’t be manipulated. Blockchain casinos will be making profits but what percentage goes to the Casino managers can be fixed and publicly available on ledgers for anyone to view. The transparency and fairplay is what will eventually tilt player towards blockchain based casinos.

Existing Blockchain based Casinos

There are over a dozen startups that are keen to make Blockchain based Online gambling and gaming a reality. Eventually, only few will succeed and become market leaders.

Currently FunFair (FUN) leads in terms of market cap. It initially raised USTD 20 Million and current marketcap is at USTD 276 Million. Should you invest in FunFair? I would disagree. Current price is 1030% higher than the ICO launch and the project is still at Demo stage. Any sound-investor would tell you that the project is overvalued at its Demo stage with no real income generation from its website.

Since I believe that blockchain based Casinos are going to overtake conventional online casinos, I had to look around for blockchain startups that can do it better than anyone else. Below is a comparison chart for few of the promising Blockchain based Casinos and Truegame clearly stands out here:

What is Truegame?

Truegame is rated remarkably high at www.icobench.com, a website where independent ICO experts rate an ICO based on its product, Vision & Team.

Truegame got such an attention as it is the 1st and the only fully working igaming project with more than a dozen games (scratch cards, prize draws, lotteries, giftboxes, etc.). The fact that ICO is launched after the product is already functional is commendable and raises the bar for upcoming ICOs.

Truegame has set a Hardcap of 9 Million USTD for its ICO and the number looks very realistic in the light of the work already done and potential growth. As a comparison, FunFair raised USTD 20M and Gabmlica is attempting to raise around 30M USTD for almost similar nature of product. Setting low hardcap guarantees better returns on investment and this also makes Truegame an interesting startup to invest in.
Check:: https://ico.truegame.io

Truegame ICO – Expected Returns

Future price of a coin or token is not possible to be predicted precisely, especially in highly speculative crypto-currencies market. But we can try to make a rough idea of the price by setting FunFair marketcap as baseline for our study. FunFair is very similar product that also captures igaming & igambling industry on blockchain with the marketcap at 209 Millions (to date).

Truegame Team & Advisory board

I would rate truegame highly capable of delivering the promised product that includes well-known experts from gambling, blockchain and igaming industries. Team also includes specialists with experience in token listing on exchanges that is absolutely critical in providing liquidity to a token.

FINAL WORDS

Low Risk Investment based on low hardCap and an already working blockchain based igames available to play. ICO is launched when the product is already functional on the blockchain that reflects the level of professionalism of the core team and belief in the product. Good investment to hold for 1-2 years.

You can check ICO Sale live at https://ico.truegame.io

Published by: Hassan Baloch