Online gambling has over the years experienced incredible change, which has made the industry go beyond leisure gaming. A lot of the online gambling systems are created such that users can earn rewards, tokens, or money every time a play or in most cases a win is made. While it may seem like it is lucrative, online gamblers have some problems with the traditional online gambling platforms.
Transparency is one important piece that is missing in their dealings, which is a result of an inefficient and inaccurate system, and this is responsible for the larger part of the profits going to the company and 3rd parties like banks and financial institutions. Checking a game’s and organizer’s integrity is impossible for players, hence, the lack of transparency trusting the casino manager, difficult.
Furthermore, it is usually impossible to know whether the gambling/betting platform really has the money to make payment or rather, if the jackpot they promised can really be provided.
A Blockchain-based Solution
With the ever-evolving development of the blockchain technology and Smart Contracts, the Truegame platform initiative has come up with the solutions to the many problems being experienced by users of the traditional online gambling/betting platforms, this includes the player’s trust and confidence they have in the casino organizers.
Truegame is a decentralized system, which invariably means that every process happening on the system cannot be altered by any intermediaries because the blockchain technology does not allow for the involvement and interference of 3rd parties.
There also exists an independent registry that is open, and players will be able to have access to progress and results for any of the games played, hence, it becomes impossible to tamper with the results. Safety and security of the users on the platform is guaranteed, the platform’s insusceptibility to hackers, phishers, and bad actors makes the system totally secure.
The Transparent Truegame Platform
Truegame is a totally transparent system, hence, payments of funds will have no issues, with the help of the Smart Contracts, payment systems will be contained very well, the Smart Contracts will also be responsible for the automatic payment of winnings while preventing interference from the organizer. In addition to these, users will be able to ascertain the jackpot’s size and availability. For players looking for trustworthy online gambling platforms, Truegame is the right platform.
Adopting the blockchain technology for the platform is a measure to stop and prevent cheating; the system also makes it possible for users who hope to acquire the tokens with hopes of selling them for a higher price later, to get the tokens. Truegame uses a utility token called TGAME, and it is a core component in the structure and economy of the platform.
Bets on the platform are placed using the token, and they are also used for making deposits. The token makes it possible for the platform to function with transparency while gaming and the results can be verified in the blockchain open ledger.