The honesty control system is based on blockchain technology that allows controlling the invariability of the game results. Now casinos cannot tank the game results or rig the algorithm of the game according to the player strategy.
Using blockchain technologies as a form of currency, webmasters have an opportunity to control financial flows and be sure in honesty and transparency working with all the casinos under the platform.
At the moment, a large part of the functionality is realized and ready to integration with existing casino. Further development of the platform is regulated by Roadmap. The main part of development is the use of own blockchain in the future, which will be adapted to the needs of the gambling business. Node holders will ensure decentralization of TruePlay blockchain. They will confirm transactions and then be rewarded for it.
TruePlay has stood as a part of the global online gambling market. This’s a market with the high indicators:
85 countries have already legalized online gambling at the legislative level
49 bn$ made an annual revenue from online gambling in 2017
82 bn$ will make the volume of the online gambling market by 2022
Many partners thanks to a huge experience surround TruePlay. Moreover, they’re the market leaders:
Gamingtec - a world-level platform for creating and launching online casinos
NetEnt - one of the most popular game providers of the world with a turnover of more than 150 million euros
Microgaming - more than 450 slots in 45 languages
Pokerdom - one of the leaders of online poker in the former CIS countries
Spinomenal - developed more than hundreds of HTML5 slots
The detailed business plan of the platform is developed of TruePlay analytics. It reduces the risks and includes opportunities for the platform development.
A separate aspect is the token economics. TruePlay analytics modeled high-grade economy of the token that includes the cooperation with all the participants: exchanges, players, token holders, node holders, gambling operators, and webmasters.
At the moment TruePlay is well ahead not only ongoing ICO by technical characteristics but successfully completed ICO as well.
The first pilot project was launched on the TruePlay platform and already received a license to organize gambling. Fairplay.io is operated by Goldenrod Securities Ltd, which is licensed and regulated by the Kahnawake Gaming Commission.