Review ICO Trueplay

ryan131 (25)in #bitcoin • 7 years ago

Trueplay is a platform for creating and supporting gambling projects. TruePlay is based on the use of its own WinCoin token (WNC), which will provide a complete set of mutual settlements between all platform participants. Trueplay is not a gambling-provider, but only provides licensed gambling projects with access to its software

(Software-as-a-service). Using the TruePlay platform to create its own project, a gambling company receives a full range of solutions: game integration, acceptance of payments, payouts, legal support, technical support.

Gamblers get a full transparency of payouts and 100% reliability of their games.

TruePlay offers to increase the game speed through retaining all the logic of gambling transactions on the platform servers (offchain) and to use the blockchain as the FairPlay system by publishing there before the game starts only a hash of a series of game rounds previously created for the gambler sheme.

This approach, in contrast to the transfer of the RNG mechanism or its initial seed in the blockchain proposed by other projects in one form or another, allows:

simplify understanding of the FairPlay model for the gambler
apply well-proven methods of random numbers generation in the platform
eliminate the possibility of interfering with the operation of RNG by intruders
The impossibility to change data in the blockchain will not allow the institution to falsify the results of the game, and the impossibility of reversing the cryptographic hash of the series guarantees security of the platform (it is impossible to get the series from the hash within a reasonable time). This set of solutions allows to get the highest game speed, to guarantee an invariable result of the round of his bet for the gambler, to use certified according to industry standards.

The income of the TruePlay based casino is generated from bets in casino games. Like in the standard online casino and in the real casino, the main profit of the project owner in the TruePlay solution are revenues from the material expectations from the games.

The work of the platform, which is transparent due to the use of the blockchain, is attractive for participants.

SOLUTIONS OFFERED BY TRUEPLAY PLATFORM

https://trueplay.io/
TruePlay offers to increase the game speed through retaining all the logic of gambling transactions on the platform servers (offchain) and to use the blockchain as the FairPlay system by publishing there before the game starts only a hash of a series of game rounds previously created for the gambler.

This approach, in contrast to the transfer of the RNG mechanism or its initial seed in the blockchain proposed by other projects in one form or another, allows:

This set of solutions allows to get the highest game speed, to guarantee an invariable result of the round of his bet for the gambler, to use certified according to industry standards.

The work of the platform, which is transparent due to the use of the blockchain, is attractive for participants.

https://trueplay.io/
SECURITY

Series of rounds are stored in the platform only in the encrypted data stores and are never stored or transmited in an open form.

The acknowledged industry standard (AES-256 and better) is used for encryption.

All data transmitted between the data store and the platform are secured with the use of SSL at the network level

SOLUTION FOR GAMBLERS

Due to its transparency and the fundamental impossibility to change the recorded data, the blockchain

technology helps to solve the problems outlined above:

The blockchain-based solution allows the gambler to trace the entire transaction history and the availability of funds in wallets of the institution that are sufficient to pay out winnings
Independence of the result from the bet made by the gambler: the preliminary generation of a series of game rounds before the game starts with storing its hash in the blockchain allows to guarantee the invariance of the results of the gambler’s bet for the gambler
Verification of each round: so that the gambler does not have to rely on the honesty of the institution during the game and does not check the results postfactum, the hash of the next round is optionally available for him in the game in each round even before the bet is made
Automatic withdrawal of funds gives the gambler a guarantee that the gambling project will not withhold payouts
SOLUTION FOR CREATING

ETH

WinCoin Wallet

– WinCoin Wallet core has been developed

– ETH receipt has been enabled

– BTC receipt has been enabled

– Smart contract for the release and management of WNC and Backoffice for smart contract management

– API for deposit and payout with WinCoin Wallet in the casino has been developed

– WinCoin Wallet user interface

– User registration/authorization

– API for authentication in external projects using WinCoin Wallet has been developed

MVP implements:

WinCoin Wallet (https://wallet.trueplay.io) :

– Authorization and registration

– Overview of the wallet status, balance, transaction history

– Purchase of WinCoin for Bitcoin and Ethereum

– Transfer of WinCoin to another wallet

– API for automatic authorization using the wallet in any project connected to the platform

– API for automatic depositing and withdrawal of WinCoin in any project connected to the platform

PRICE POLICY AND DISCOUNT SYSTEM:

https://trueplay.io/
WinCoin Early Sale

1300 WNC / 1.2 ETH

Stage 1 of WinCoin Token Sale

1200 WNC / 1.2 ETH

Stage 2 of WinCoin Token Sale

1100 WNC / 1.2 ETH

Stage 3 of WinCoin Token Sale

1000 WNC / 1.2 ETH

Development of MVP:

– MVP core of the casino working with the use of the block technology has been developed.

– Functionality for publication of the series hash in blockchain, series stop and series generation.

– Generation of series for the roulette and its integration

– Generation of series for slots and their integration

– Generation of series for video pokers and their integration

– API for deposit and payout with WinCoin Wallet in MVP has been developed

Games of the Game Provider has been integrated: Spinomenal

At present, a number of functionalities has already been implemented, which shows the capabilities of the

platform:

MVP of the TruePlay casino

– Authorization using WinCoin Wallet

– Instant replenishment of the account from WinCoin Wallet

– Instant withdrawal of funds to WinCoin Wallet

– More than 60 games that can be played for WinCoin

Integrated Game Provider: Spinomenal

Integrity control using the blockchain technology

RUEPLAY BASED PROJECT

TruePlay provides the future casino owner with a complete set of solutions with integrated games.

The TruePlay-based project owner deposits an amount in WinCoin (the project token) on the balance to ensure mutual settlements. Deposits from gamblers are credited to the same balance, and the money from the latter are spent on payouts to gamblers, payments to affiliates and game providers.

ADVANTAGE OF TRUEPLAY FOR GAMBLING PROJECTS:

No need to pay for integrating games into your project
Possibility to accept payments worldwide where it is legal
No need to control financial flows, enter into contracts with payment systems, provide financial support to customers
TOKEN LOGIC

TruePlay is based on the use of its own WinCoin token (WNC ERC20), which will provide a complete set of mutual settlements between all platform participants.

Casino owners will use the token to form their bank to effect settlements with gamblers, affiliates and game providers. Gamblers use the token to make bets, deposit and withdraw funds. This ecosystem of mutual settlements will allow to create an open and transparent history of payments and mutual settlements accessible to all participants. It is planned to integrate the possibility to buy tokens for cryptocurrency in WinCoin Wallet. In the future, it is planned to ennable the possibility to buy WinCoin for fiat money. It is also planned to place WinCoin on affiliate exchanges.

It is planned to integrate the possibility to buy tokens for cryptocurrency in WinCoin Wallet. In the future, it is planned to ennable the possibility to buy WinCoin for fiat money. It is also planned to place WinCoin on affiliate exchanges.

TruePlay implies the participation of WinCoin in the full settlement cycle:

WinCoin Wallet will be a WinCoin store, in which the user initially registers and which is used at all stages of mutual settlements:

Uniform registration of all users in WinCoin Wallet
In order to ensure the speed of mutual settlements, depositing and withdrawal in the casino will be carried out instantly on WinCoin Wallet
The instant authorization of the gambler in the CASINO will be made using WinCoin Wallet (the gambler does not need to register in the CASINO, it’s enough to be the owner of WinCoin tokens).
The total emission of tokens will amount to 70,000,000.

WEB SITE

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7 years ago in #bitcoin by ryan131 (25)

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