If you are reading this post, very likely you have at least some idea about crypto currencies. If not, well it is way too complicated to explain this issue here. There are dozens of forums and articles, where eggheads and just average people tries to figure out the phenomenon of Bitcoin, Ethereum, Ripple and other currencies, which prices are day by day closer to the moon (despite of time when they are falling like shot airplane like last couple weeks). So if you want to fulfill gap of your knowledge, check more specialized sites like bitcointalk.com and etc. Just please put the great attention on key words like: ‘ICO’, ‘Bounty’, ‘KYC’ and of course main slogan which attract millions of people to crypto currencies ‘rocket to the moon’. If you already did your homework, I can explain you the reason why I am writing this post.
ICO market is nowadays pretty similar to the Wild West during the gold rush period. It is possible to earn money very quickly, sometimes even good money, but you have to find a perfect spot, or in this case, a good project to invest. Common thing to the Wild West? No guaranties and almost no law. It is pretty easy to find bad cowboys which are going to promise you golden mountains to steal your last piece of bread. So in all this mess, if you want to find your gold nugget, you can trust just your own brain composites.
So did I and during my research I found the project in which I really put my faith: Truegame. Very likely you haven’t heard about them, project is made by a team from Russia, with great names in. Nevertheless, guys have an advantage, many other teams does not: already existing product made on a very perspective field. But these are not all pluses I found in this project. Below you can read the analyze (including also their weaker sides) and decide on your own, do you want to send some pennies to the pot. The analyze I will present consists of 13 parts, and each of them shows this project from different angle. I will judge the website, project, team, hype, whitepaper, token distribution and many more. So, let’s go!
What is TRUEGAME ?
Truegame is one of the gambling platform that are working on blockchain-based but it is the first of its kind that manage to fully working iGaming project that received extremely positive comments from the community. Truegame is an online casino that can operate in an automated, very transparent to the users and secure manner has the ability to earn instant credibility from the gambling community. What is the unique about Truegame, is that users can play more than a dozen of game online(cards, lotteries, prize draws and you named it). Even the private sale has already closed, so many investors still want to add funding’s to their accounts to avail the sale.
About the Truegame Project and Betting Market
The idea of Truegame is to become a platform for online gambling. I think there is no need to explain why gambling and block chain is just a perfect match. One of the reason is a privacy, it is much easier to keep you identity hidden with block chain and of course you can forget about taxes. Beside it is an attractive field to invest: online gambling seems to have a blooming time, the same as a crypto currency market. Here are some statistics about expected, estimated gambling market development.( contribution to Truegame whitepaper: https://ico.truegame.io/docs/whitepaper_en.pdf )
Expected grow of whole global gambling market is $60 Billion counting from 2015 to 2024. This number is pretty optimistic, but counting that since last 3 years market is growing around 30% annually, such a number is possible. If we will focus just on global betting market, situation looks even better (actually it is a second largest segment of the world gambling market).
Very similar data I found in a different statistic on statista.com, this time about online betting market in general. ‘In 2015, the online gambling market had a volume of 37.91 billion U.S. dollars, this figure was forecasted to increase to 59.79 billion U.S. dollars in 2020’. Counting a forecasted sport betting share of 45%, these numbers are pretty similar (in this case 26,9 mln.). So very likely, with this economic development we can expect that share of crypto currency on the betting market will just grow and some other betting companies will involve crypto-currency payment, if not lunch their own ICO.I never had fun in betting, so as follows, I have no experience on this field, and for me it is very difficult to judge the level of service they offer. According to their words: ‘Truegame is fully operational and regulated gambling platform with all popular industry features, such as sports betting, casino, live casino, IN-play betting, e Sports, and virtual sports.’
WEBSITE
In comparison to some other ICO project websites Truegame page looks rather modest, it doesn’t have much catchy graphics but contains all needed information. The team made even three videos with project explanation, team introduction and CEO interview. Despite Truegame website you can find the same video on their youtube channel.
https://www.youtube.com/channel/UC-NLPf7AAn6sFxOiH1GFI4A
Running Platform
What’s the advantage of Truegame is that they already fully working iGaming project. Unlike other gaming platform just came from nowhere. As you can see above, that’s the actual image of the working iGaming site. You may play variety of different games, which have no analogues, are presented on the Truegame platform.You can check Truegame working iGaming site.
https://www.truegame.io
WHITEPAPER
In general whitepaper made by the Truegame team answered all questions I had and I could have. It is well made, with a illustrative graphic, and clear structure. See it here(https://ico.truegame.io/docs/whitepaper_en.pdf)
TGAME TOKEN
TGAME token is a currency based on ETH20 protocol (to check) with a total 300 000 000 tokens supplied. After ICO, the purchase tokens will be immediately sent to your ETH Wallet. Actual price for coins is 18,500 TGAME for 1 ETH on Private Sale. We can avail the three Pre-sale stage where the price is ranging from 1 ETH = 12950 on stage 1 to 1 ETH = 11,100 on stage 3 and with corresponding bonus. The main sale will be on 16.04.2018–30.04.2018–1 ETH = 9,250 TGAME.Minimum purchase on main sale is 0.1ETH and there is not limit for maximum. What does it mean? There is a chance that big players will buy a great share of available tokens. So if you also want to eat a cake, better hurry up!
DISTRIBUTION AND TOKEN USAGE
As I wrote before, there will be just 300.000.000 tokens generated. 210 000 000 will be conduct to crowd-sale (all together 70%). Founders will received 45 000 000 (15%) tokens, another 12 000 000 goes to the Advisers (4%), 3 000 000 tokens will go to PR, bounty (1%) and the remaining 30 000 000 tokens will be reserved (10%).These numbers (just 15% for founders) shows more or less, that the team is keen to receive money on project development, and most likely will not run away to Maldives with pockets full of cash. All together, 70% of tokens will be sold during ICO and PreICO. Unsold one will be burned.If we talk about the expected funds distribution (counting pretty high hard cap — 9 000 000 USD), 1 080 000 USD will be used for platform update and creating a mobile application (12%). 4 050 000 USD will be used for marketing and advertisement campaign for Attracting players (45%) . 2 970 000 USD will go for the Jackpots (33%) and 900 000 USD will serve as a legal agreements in different countries (10%).
Of course if hard cap will not be reached, these numbers might looks like totally different. But to be honest, I do not believe in such a scenario. With no purchase limit, with a good PR and marketing campaign tokens will be sold in ICO first stages, if not even during the preICO. Soft cap for this project is 2 million USD.What I like here is the high percent of an income planned for a marketing and adds. On the other hand I do not like, a high number which goes to the jackpot, but can understand reasons why is.Above you can see the roadmap — how the team sees their nearest and long-term future in accordance to their past experience.Team seems to be the strongest part of this project. It consists of 19 experts including the CEO(Mr.Dmitry Danilov). Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field. I like the way they presented themselves. As well as picking up couple known in a crypto world names could significantly increase their popularity.
I really like the idea to make pictures with a project that already running. If I would judge the project just basing on the team photo, I wouldn’t risk even a broken penny. These guys on pictures really gain trust.Nevertheless, what I really appreciate about the team, is to consist of quick learners. Each team member has own profile on Linked In. That is a very good sign for a project.
HYPE
We live in times where no hype simply means no success. It is especially a touchy topic in a crypto currency market’s context. How does this motto works in case of Truegame project?Project attracted also 2 675 telegram users , 1518 on twitter followers and 551 facebook fans for just 1 week. It is neither the worst result, nor the most impressive. Now, when even birds speak about kind of crises in crypto currency market, efforts new projects make, supposed to be twice, three time higher. Even for a prosperity time this is not a sufficient number.Spreading the word is a key for ICO success. If Truegame wants to achieve even a soft cap, they supposed to consider their marketing strategy. Easy airdrop program could help not only with raising the numbers but also would help to gain gamblers with very low costs.Nevertheless, again I am really impressed how quick are learners from Truegame. Couple days ago they launched a referral program. Since Private Sale has done. Let’s hope the referral program it will help in further project development.
More detail information visit the page below :
WEBSITE : https://ico.truegame.io/
ANN HREAD : https://bitcointalk.org/index.php?topic=2947906
WHITEPAPER : https://ico.truegame.io/docs/whitepaper_en.pdf
FACEBOOK : https://www.facebook.com/truegame.io/
TWITTER : https://twitter.com/truegameSRL
TELEGRAM : https://t.me/truegame_chat
Author:anakkampung17