TruePlay: B2B Platform for Online Gambling Business

clauming (7)in #gambling • 6 years ago (edited)

Introduction

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving to the topic, the gaming ecosystem continues to have problems, such as carding, payments with stolen plastic cards are long-standing problems for operators of these sites. In addition, you can not pay players profits instantly for several reasons. They need time to check the documents, gain legitimacy of origin and that there is no fraud on the part of the player. Other important problems are the lack of confidence in the outcome of the game, the large number of games and brands of fake brands, the periodic problems with the availability of game content, among others. In addition, there are many plagiaries in the projects, which damage the reputation of the brands, selecting a part of the audience that has ever faced fraud.

For that, the project I'm going to present you is TruePlay (TPLAY), a blockchain-based platform with a complex of software solutions for online Gambling business

Video Presentation

Definition and goals

As I said, TruePlay (https://trueplay.io/) is a B2B platform with a complex of software solutions for the online gaming business. It is not a gambling provider, which allows licensed gambling companies access to its software (Software-as-a-service). The main objective of TruePlay technologies is to develop the online game and make it as legal and transparent as possible from any point of view.

Playing with the control of honesty, based on blocking technologies, players can be sure that it is impossible to falsify the outcome of the game. The game statistics imply that the games meet world standards and are not prepared to lose.

The platform is operated by Gamingtec, which is developing the first pilot project (https://fairplay.io), which is completely based on TruePlay technologies and will be provided under the Software license agreement and technical support services. The operator FairPlay.io is the company Gamingtec, which received a license to organize games of chance in the commission of games of Kanawakee.

Ecosystem

TruePlay Wallet is the shell of the ecosystem and the storage of tokens for its participants. After registering in TruePlay Wallet, the user has instant access to all projects connected to the TruePlay platform. The client submits to the KYC procedure and does not need to send his data to each project he wants to play.

To verify the payments that TruePlay assumes in place of the Operator, the platform must ensure that the requested payment to the Operator is not based on the data falsified by it. Since all payments within the platform are transparent, the only place for fraud is the Operator itself, which can change the player's account by any amount, justifying the players' profits in the external game provider.

TruePlay offers to increase the speed of the game, leaving all the logic of the game transactions in the servers of the platform (out of the chain), and the blocking to use as FairPlay system, publishing only one hash of a series of rounds of game previously created for the player. This approach, unlike the approaches suggested in other projects in one way or another with the release in the chain of blocks with the RNG mechanisms or their initial seed, allows:

Player to easily understand the FairPlay model of the game
Use well-proven methods to generate random numbers on the platform
Cancel the possibility that the wrongdoers interfere with the work of the RNG.

Ecosystem Representation

Features and benefits

The best way to see what TruePlay can do is comparing the current state of Casino and what happens if a Casino uses TruePlay software.

Casino	TruePlay + Casino
Gamblers: -No guarantees of fair play -No game statistics -High commissions and payment restrictions	Gamblers: -Instant payments and payments to TPLAY -Fair play and statistics for blockchain-based games
Casino owners: -High resource consumption when using blockchain technologies for launching a new project -Financial fraud -Risk-prone payments	Casino owners: -Financial guarantees from TruePlay -No fraud -Easy launch of WhiteLabel
Affiliates: -No transparency of mutual settlements within affiliate programs	Affiliates: -Full transparency of the entire life cycle of the player on all Trueplay projects
Provider: -High cost of fighting unlicensed content	Provider: -Only licensed content

Bounty program

The project gives the opportunity to earn TruePlay Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Webpage here (https://bitcointalk.org/index.php?topic=3110145.0), where you can access the link in order to see what are the conditions to become an early TPLAY contributor and start acquiring tokens.

For more information about the project, you can visit and read their WhitePaper available here (https://trueplay.io/docs/en/TruePlayWhitePaper.pdf). You can also stay tuned in their official Telegram Channel (https://t.me/trueplaysupport). I hope you liked the post and soon I'll send you new ones.

Tokenomics

All mutual payments are made using the Ethereum TruePlay token, which is a unified gaming currency for the TruePlay ecosystem and corresponds to the ERC20 standard.

Token: TPLAY
Platform: Ethereum
Type: ERC20
Price in Pre-ICO: 1 TPLAY = 0.0009 ETH
Price in ICO: 1 TPLAY = 0.0012 ETH
Tokens for sale: 42,000,000

Token distribution	Funds Distribution

Roadmap

Date	Event
Q1 2018	Finalization of the Web application of the wallet for working with TruePlay (TPLAY) The first Trueplay presentation at the largest ICE 2018 profile exhibition, London. Development of a mobile wallet application for working with TruePlay (TPLAY) Testing and TPLAY clients auditing Implementing the API for connecting operators to the Trueplay platform Integration of payments and winnings payments using TPLAY in poker room PokerDom.com Launch of the Fairplay.io. This is the first project on the Trueplay platform. The project was developed in partnership with Gamingtec and is licensed to conduct gambling, issued by Kanawakee gaming comission. The project will connect the games of leading game providers to the platform: Evolution Gaming, Quickspin, Microgaming, Netent, Yggdrasil, PragmaticPlay.
Q2 2018	Preparation for certification according to the PCI-DSS standard. Development of a monthly lottery on smart contracts. Jackpots on smart contracts. Creation of online jackpots with different payout pools for different games/bet ranges. Launch of the Trueplay user support service. Implementation of API fore integration of games from third-party Game Providers. Integration of games from third-party Game Providers into the platform.
Q3 2018	PCI-DSS standard certification process Integration of the games from third-party Game Providers into the platform Own blockchain development Integration of reception of basic altcoyins into TruePlay wallet Documents submission for obtaining licenses required Connecting operators to the Trueplay platform TruePlay Wallet integration with crypto-currencies exchanges Creation of the network-wide jackpots with different prize pools for different games / betting ranges using smart contracts Launching the support service for users of the venues on the Trueplay platform
Q4 2018	Release the beta version of the own blockchain and test the full functionality of the platform Integration of games from third-party Game Providers into the platform Realization of various tournaments on the Trueplay platform Development and implementation of the affiliate program using TPLAY and distribution of funds through Smart Contracts Obtaining licenses Getting a PCI-DSS certificate
Q1 2019	Start of commercial operations on own blockchain Development of an API for connecting projects to the Trueplay affiliate program Adding lottery games Integration into the platform games from third-party Game Providers
Q2-4 2019	Integration into the Sportsbook platform Development and launch of the commercial Trueplay APK Connecting operators to the Trueplay platform Further filling the platform with quality content