Bitwin - The crypto project information connoisseurs, this time we have a unique and exciting discussion, because what we write is a great platform game, namely Bitwin.
Bitwin has decided to develop a new and improved online casino model that eliminates the problems discussed in the previous paragraph. On Bitwin, all transactions and computing will be based on Ethereum networks and smart contracts that are not biased.
The crypto project information connoisseurs, this time we have a unique and exciting discussion, because what we write is a great platform game, namely Bitwin.
Bitwin has decided to develop a new and improved online casino model that eliminates the problems discussed in the previous paragraph. On Bitwin, all transactions and computing will be based on Ethereum networks and smart contracts that are not biased.
Numerous online casinos are deliberately hiding data such as gaming results, winnings or other financial details from the public, thus making it impossible to verify internal casino mechanics.
"Thanks to the penetration of new technological innovations, a fair online casino model has finally become a reality and our team wants to help in shaping it by designing a reliable, affordable, transparent and easily accessible platform that focuses on bringing out what is best in gambling-entertainment." - Bitwin Team
If a player picks the seed number by himself and leaves it unchanged for the following games, a casino can easily change its seed accordingly in order to win the next bets. Also, when a player decides for automatic seed generation, it could actually be generated intentionally by the casino.
Moreover, thanks to an insight into these contracts, a doorway for disruptive profit draining will be closed, as opposed to Bitcoin blockchain vulnerabilities. Being able to verify every line of the code describing the set of rules for a given game makes it impossible for casino to hide malpractices based on code manipulation or other types of tampering.
When it comes to resolving an issue regarding transaction costs and their processing time, we have come up with a system and a set of solutions called simply the Bitwin Network. This element of Bitwin ecosystem will not only allow us to transfer just the final result of player’s wagers to the Ethereum blockchain, but also enable near instant payments with negligible transactional costs, even in case of the lowest wagers.
Bitwin Platform
Bitwin was founded by a group of casino and sportsbook professionals with years of vast experience originating from the gambling industry who teamed up to create a distinctive and unique platform in the already crowded iGaming space.
Knowing that in order to become the platform everyone looks up to, it has to remain competitive at every stage of the challenge and at the same time offer the most attractive gaming conditions and environment.
"What's more, there is now a transparent way to run a provably fair casino thanks to the auditable smart contracts. That gives users an assurance of a fair game, encouraging them to focus on entertainment and still allowing a casino operator to profit." - Bitwin Team
Bitwin 2.0 will be a casino platform built on blockchain, with Bitwin Token (BWT) at its heart. Our vision is to provide a truly transparent and provably fair online casino experience with low transaction costs and instant withdrawals of any amount.
In order to accomplish that, we are building on top of our current platform to adapt possibilities brought about with blockchain technology. Bitwin 2.0 moves random number generation and transactions to Ethereum network, while keeping the superb user experience that our current users value so much.
User experience is what sets Bitwin 2.0 apart from other blockchain casino projects. We truly believe that our goal should be mesmerizing players, so they feel equally satisfied and entertained every time they come back. As our ambitions do not end solely within Bitwin platform, we are planning on sharing results of our work with the blockchain casinos community by provision of various on-chain gaming solutions easily adoptable in other platforms alike.
Additional two components that need to be finalized during MVP phase are : Bitwin Network and Random Number Generation
Token Applications
Here are some kinds of Bitwin Application Tokens:
In-Game Currency
BWT is one of the means of exchange inside the Platform. It serves a purpose of putting wagers inside the sportsbook, betting in blackjack or any other game on Bitwin 2.0, as well as providing additional benefits.
Rewarding Developers
Game developers are rewarded with BWT tokens for contributing to Bitwin's ecosystem. Once their game is live on the platform, a percentage of winnings in BWT is transferred to the creators of the specific product.
Cashback System
Even though, Bitwin Platform 2.0 will allow for the use of Ethereum in games, BWT tokens will wield additional cashback system benefit. It means that players using Bitwin Tokens for settling the payments, and betting or wagering in different games, will be rewarded back with a percentage of money they have previously paid/lost. In most online casinos this feature is reserved for VIP members, but not on our platform. Every BWT Token user can count on up to 60% monthly cashback bonus.
Bitwin Vault
Bitwin Tokens are being held inside Bitwin Vault account in order to provide liquidity for sportsbook wagers in the early stages of the project.
Voting
Players can vote on the games submitted by developers and placed in the Queue, games with the biggest amount of votes are transferred onto the main platform.
Token Distribution
Points Scored:
- 2,0% Bounty
- 10,0% Advisors and Partners
- 33,0% Bitwin Vault 10,0% Private Sale
- 45,0% Public Sale
Fund Distribution
Below is the Distribution of Funds that must be known:
- 50,0% Development
- 6,0% Legal
- 4,0% Team Bonus
- 25,0% Marketing
- 10,0% Operational
- 5,0% Partnerships
Conclusions and References
That's about the modern game project, namely Bitwin. Hopefully all the explanations, submissions, and dedications regarding the definition and purpose of this project can be understood. Basically, Bitwin has created an online casino registered under the Curacao Gaming license, with hundreds of ring-tested and audited games running on 128-Bit SSL encryption, propped by another crucial feature - random number generator tested in line with industry standards.
The names of team members:
- Bartłomiej Bulda (Chief Executive Officer and Co-Founder of Bitwin.com)
- Bartosz Biliński (Co-Founder and Chief Technology Officer)
- Bogdan Stanczak (Advisory to the Board)
- Łukasz Hirsch (Chief Marketing Officer)
- Kamila Śpiewak (Chief Financial Officer)
- Krystian Jabłoński (Chief Information Officer)
- Andrzej Kicza (Head of Communications)
- Piotr Baran (Head of Front-end Development)
- Ewa Partyka (Head of SEO)
- Łukasz Młynarczyk (Head of Support)
- Grzegorz Skupień (Casino and Bonus Tool Product Manager)
- Naviin Kapoor (Advisors)
- Tom Arne Nyborg (Advisors)
Reference source:
- Website: https://token.bitwin.com/
- Ann Thread: http://bit.ly/2FtSrPx
- Whitepaper: https://token.bitwin.com/files/Bitwin-Whitepaper.pdf
- Medium: https://medium.com/@bitwintoken
- Facebook: https://www.facebook.com/bwtoken
- Twitter: https://twitter.com/BitwinToken
- Instagram: https://www.instagram.com/bitwintoken/
- Telagram: https://t.me/BitwinToken
- Reddit: https://www.reddit.com/r/BitwinToken
Author:
- Username BTT: Bredd6767
- Profile link BTT: https://bitcointalk.org/index.php?action=profile;u=1204015
- Eth Address: 0x8762b5b191C6Ec5Cd15DB1E4BEca1d2BAc30941e