Now that traditional casinos and gambling scenes have been occupying the online scene for quite a while, the spurt in its growth is no miracle. Entertainment and the desire for that thrill and anticipation has been driving quite a many people to such betting games and casinos just to try their luck in the hope of winning big. An interesting fact: the growth in gambling industry at 9% has been three times greater than the GDP of the entire world. The world which has become one global village due to the spread of internet, millions of players can be online and compete with the players from far off lands while sitting as couch potatoes in their comfy sofas. The gambling market is getting recognized as a mode of entertainment and recreation. International poker championships and other such events have already pepped up the scale of such games. No doubt the casinos and gambles have travelled quite far away from their lack lustre days into spotlight. In spite of having seen a humongous response from the audience and gamers worldwide, it is marred by flaws that deter many and let suffer the genuine gamers as well. The biggest issue is that of online frauds with the gambling owners controlling the rules and change the terms to their benefit. The trust issue stays with no knowledge of the participants and lack of regulatory bodies.
To cope up with these issues and malpractices WIN STARS has come up with a gambling and gaming platform based on blockchain.
' WinStars is a decentralized gaming platform with a catalogue of gambling resources, the core is built on Blockchain and smart contracts.'
The platform uses simple user interface and attractive games designed to suit anyone and not just gamblers. The main aim is to build a transparent system where the history of each bet and game can be checked. The users can feel involved and hugely benefit through the platform's affiliate and loyalty programs.
- It will ensure transparency and fairness through the implementation of smart contracts for ensuring fair distribution of random numbers and funds.
- The usage of tokens for reward systems, betting and other fees will provide liquidity and accuracy of operations.
- The platform employs RSA cryptographic algorithm working on the basis of one-way hash-functions.
- The ecosystem so created using blockchain will be completely automatic with reduced costs. It will act in the capacity of an outside guarantor providing guarantees for employers.
- There will be no hidden commission and outside control will be nil due to automated transactions through tokens.
- The project is churned by a team of highly skilled and experienced professionals in their respective fields.
It will benefit the users as well in several ways:
- The decentralized system removes the risk of account blocking once you have won some big amount or lottery.
- Similarly, freezing of funds and the duration of lapsed time between the winning and the withdrawal is considerably reduced.
- Every single player can ensure the feasibility and authenticity of the transactions as public ledger is available for jurisdiction by none but scrutiny by all.
- It employs no financial or geographical barriers and hence, can attract members from all over the world.
- The platform is available to all irrespective of their social or financial strata. People with a minimal budget can participate on the platform.
- There is no need to identify players and no limit is there on the number of transactions.
- WinStars aims to bring in a variety of games with special attention to poker and organization of its events.
WINS token and ICO details:
It will be an ERC20 based token. All the bets in the games will be made using the token. All the premium services on the platform are available in exchange for token. They offer three tier affiliate programs for members while a 5 level system is available for partners and webmasters.
A total of 150,000,000 tokens will be issued out of which 69% will be up for sale in the ICO. A total of 22,500,000 tokens will be for sale during pre-ICO and 80,500,000 tokens during ICO. The price per WINS will be $0.20. The soft cap for pre-ICO will be $500,000 and for ICO will be $5,000,000. The pre-ICO is scheduled to take place from 10th of May to 30th May while the ICO is live right now. It began on 3rd June and will end on 20th July.
Concluding Verdict:
The open decentralized structure along with the smart contracts are sure to provide surety and authenticity to the platform. The scalability will enhance the popularity and usability of the platforms and users can enjoy and earn rewards and bets at the same time without being worried about the frauds or other freezing incidents. There will be a variety of games to keep the users engaged. From the Investors point of view, the platform brings in several features. The usability and popularity of the platform will lead to appreciation in the value of tokens. They will be later on listed on exchanges to provide further liquidity. Three tier and five-tier affiliate programs and loyalty schemes are sure to win the hearts of investors - whether small or big.
For more details visit:
Website: https://winstars.io/
Whitepaper: https://winstars.io/whitepaper.pdf
Blog By: Lanirm Knayam
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391