The games industry is one of the largest industries in the world growing annually and growing in value, even last year in 2017 the industry is worth more than $ 100 billion and this year is estimated to be worth $ 125 billion. Games industry is experiencing a very rapid development because basically enthusiasts who want to play games also more and more, even more than 2 billion people in this world is a game lovers, and that's why the industry is growing rapidly.
And the increasing development of this industry provides a huge advantage to game companies, developers and ads companies that advertise games. But on the other side of the growing industry, more and more problems, such as the absence of a transparent system of game developers who only want the big advantage of low-quality games, game community both game companies and players in trouble with the existence of some regulations and as well as fraudulent acts in the gaming industry. In addition, the games industry is difficult with the game items that can not be transferred such as currency, account and progress so that when it is lost it can not be accessed again. In addition some games can not be developed on a particular platform.
And all the problems in this game can hamper the growth rate of the gaming industry, and since Blockchain technology is present in the games industry, it has a positive impact on the development of this industry, which provides many benefits such as transparency, and makes it easier for developers and gamer to get money from the development of the gaming industry. One of the Platform games that use blockchain technology to provide many benefits to gamers and game developers is Truegame. Take a further review of this Truegame to find out what purpose and benefits it provides.
What is Truegame?
Truegame was launched in 2017 as a fully working smart contract based iGaming platform. The first ICO of fully working iGaming project that received positive feedback from professional community. Truegame is a truly unique iGaming product: users are already playing more than a dozen different games (scratch cards, prize draws, lotteries, giftboxes, etc.). They have already closed a private round of investments, and even had to refuse one of the funds in full redemption of the project. They launched our product together with a team of specialists from the gambling industry. Truegame is a blockchain based online game room for lotteries and gambling. The platform enables you to participate in lotteries, win valuable prizes, play dice and many other games. Our collection of games is constantly updated. They created Truegame using the benefits of innovative blockchain technology: smart contracts, publicity, equality, and security.
How Does Truegame Work?
Truegame uses the blockchain technology to give its users absolute transparency and fair chances when they play there. How does the company do it? By using smart contracts to ensure that the numbers of all the games are randomly generated and that every game will be stored publicly on the blockchain. This means that someone that plays using the Truegame platform will definitely be protected against scams, which are pretty common in this industry. The result of each game played on Truegame will be stored and can be consulted. This means that these results are not falsifiable. The blockchain used by the company was created by the own company, so, via a thoughtful and flexible architecture of the blockchain, the company is able to enjoy the best of the technology and apply this technology to its games. Since the blockchain does everything, since randomly generating numbers to be used in the games to distributing the winnings of the players, you can be sure that the rules will be strictly followed. You can access the source code of the company on Github: https://github.com/truegame.
What is Truegame solving?
Through the innovative technology of blocking and smart contracts, we solved the problem of player’s confidence in the casino. Our game algorithms and random number generation are open, their codes are available on GitHub. Both the game and the distribution of the winnings occur in an independent environment of the blockchain, and neither side can interfere with this process. Players can check the progress and results of all games in an open independent registry. Truegame provides full transparency – all the funds are contained on a smart contract that automatically pays out winnings without the participation of the game organizer. Anyone can check the availability and the size of the Jackpot.
Potential
Online gambling market
The global online gambling market was USD 44.16 billion in 2016. It is rapidly growthing and the size of the global online gaming market is estimated to reach USD 60 billion by 2020 and USD 81.71 billion by 2022, at a compound annual growth rate (CAGR) of 10.8%. The global mobile gambling market is forecasted to grow more rapidly, at a CAGR of 18.84% during the period 2017-2021 (see Whitepaper).This market is considered to be one of the most profitable online businesses.
Online lotteries are encouraged in China. The Singapore government exempted two online gambling service providers called Turf Club and Singapore Pools from Remote Gambling Act in September 2016. Asian and Middle Eastern market size is estimated 11.67 billion U.S. dollars. Europe has the largest online gambling market in the world with a market size of 18.11 billion U.S. dollars (2015), and this is just going to increase as Netherlands adopts new online gambling regulations. The region is home to the highest number of online gambling operators with minimal regulations as compared to other regions. Subsequently, Europe is set to remain the dominant market for online gambling and betting throughout 2025. The UK plays a key role in the European market, followed by Malta.
Adaptable to Needs
The unique architecture allows to effectively switch from the Ethereum blockchain system on which the platform is currently operating, to any other, for example, to a popular Cardano network. Such a migration will not affect existing players. This flexibility allows to increase the speed of processing transactions and reduce their cost, thereby increasing the house edge.
Truegame is the first project that went beyond the players of the crypto industry and is oriented on a huge audience of classical gambling and lottery players. Truegame will be the first blockchain project to accept fiat. They have a strong development department that managed to design and develop more than a dozen of games in a relatively short time. According to the project’s Roadmap, by the end of 2018 Truegame plans to release more than 30 new games.
TGAME Token Sale
The Pre-Sale will run from 26.02.2018 — 18.03.2018 with participants contributing at least 0.2 ETH. Bonus on the first week of Pre-Sale is 40%, (1 ETH = 12,950TGAME). Bonus on the second week of Pre-Sale is 30% (1 ETH = 12,025 TGAME) Bonus on the third week of Pre-Sale is 20% (1 ETH = 11,100TGAME) The Main Sale will run from 19.03.2018 — 30.04.2018, with a price of 1 ETH = 9,250TGAME, and a minimum buying amount of 0.1 ETH, and all unsold tokens will be burned.The TGAME token will be launched on crypto exchanges very soon after the completion of the token sale. The team has an experienced listing specialist who successfully launched the Revain project token on the exchanges – market cap of the token amounted to about $300,000,000 USD.
Conclusion
ts good that the team has a working MVP at the time of product launch. But space is already crowded and it is will be a tough competition to secure space. The team is good, professional and has relevant experience. The project vision doesn’t really differ from their competition. Furthermore, the private sale raised 1700 ETH with a bonus up to 100%. That’s a big portion compared to the low hard cap. Make sure you guarantee a spot with your whitelist which is still open at the time of writing this review. I cannot recommend this ICO for short-term gains- The hype with only 2000 telegram users is a way to low to flip ICO investment. The long-term potential is rather looking tough too. Nevertheless, the potential for the online gambling market is unlimited and the projects you will win a big portion of these segment will give some nice returns. Is Truegame one of them though?
More Information
Website: https://ico.truegame.io
Telegram: https://t.me/truegame_chat
Whitepaper: https://ico.truegame.io/#whitepaper
Facebook: https://www.facebook.com/truegame.io/
Twitter: https://twitter.com/truegameSRL