The gambling industry is one that has always been in business and continues to enjoy active users day in day out . Gambling has grown over the years from just being an offline affair to what is now an a popular sector online, online gambling has brought about tremendous growth in the sector, showing how well sort after the business is. In some countries of the world online gambling is legal, while in others it is illegal and unaccepted and this is due to some bottlenecks still faced in the gambling industry. As sides countries individuals also have issues that prevent them from going into gambling, issues of trust, how secure gambling is and how dependable gambling as a whole is makes so people shy away from the gambling game. The service providers in the gambling industry do not find it easy as well as they face their own challenges as well
To break it down even further I would love to list out the issues as faced by both players and service providers:-
CHALLENGES FACED BY PLAYERS
• Seized wins :- Time and time again players win from their gambling activities, only for it to ne seized or withheld by the platform meant to pay them. This can be very painful and discourage one from continuous gambling activities. This issues is mainly due to the centralized gambling industry
• Location based bans or limitations :- Due to terms and principles of certain gambling service providers lots of locations around the world are not allowed to partake in the activities. Now this does not augur well for those in that location, as they may want to having great gambling experiences as well and make money.
• Hidden charges:- To rip players off their wins, this centralized gambling service provides often impose hidden charges on their players knowing fully well they cannot do anything about it. This is very wrong and makes people lose the zeal to continue their gambling activities.
• Very slow payments and transactions :- You know another thing that can be really frustrating , it is when one actually makes a huge win and has to wait for hours and days before being credited and that can be a real pain. This platforms have to do better
CHALLENGES FACED BY SERVICES PROVIDERS
• Excess fees charged are charged them to develop the games to be played by the players, now all they want to do is regain profits at all costs.
• High cost of maintaining their gaming service
• Problems with integrations and operations , at times this platforms suffer great operational fails and leave them scattered
• Issues with transparency :- Due to the centralized pattern ran by traditional gambling service providers have issues being transparent with their players or clients
This long list of issues with the gambling sector will from hence forth be issues of the past with the introduction and creation of the faireum project .
THE SOLUTION
Faireum is a blockchain based project that will influence the gambling industry positively, by completely decentralizing its operations. On the faireum ecosystem , developers will be able to develop and list their decentralized apps that meets up with the standards of online gambling . The faireum project has a main aim to completely decentralize the gambling online industry and bring forth a system that can be trusted and completely transparent to all players and service providers.
MAJOR BENEFITS OF FAIREUM AND WHY IT SHOULD BE EMBRACED
• Cost due to operations are reduced so players can earn maximum rewards when its time for them to withdraw
• Risk off getting scammed non existent with Faireum and its blockchain technology
• Creating a source of revenue for game creators
• Online casino will be played fair and square on the faireum platform
• Transparency is the watch word at faireum which instantly destroys the hiddem charges issue
There are various users with different roles when it comes to the faireum platform these includes :-
• Regular users:- These are people or firms who make use of the faireum platform and use any of its service, services such as access to games and make purchases of dapp apps that are for sale on the faireum marketplace
• Faireum network supporter :- These are the ones who contribute to network and esrn tokens whilst doing so
• Developers :- These are the game creators, who at times are needed by firms for developing . The developers on the faireum platform need to have faireum tokens to successfully list their apps on the faireum platform
• Players:- These are those who gamble and earn rewards for their activities, they are a very important part of the ecosystem as nothing can be achieved without them. Players will be able to use the faireum token in their gambling transactions such as network charges before playing, instant payouts and so on
TOKEN
The faireum token is an erc-20 based token developed through the ethereum blockchain and stands as the utility token of the faireum platform
Token details
Total supply :- 1.2 billion Fairc tokens
Ico :- Yes presale and main sale starts soon as presale is scheduled to begin on the 25th of March till 24th of April 2019.
For more information, you may want to visit the links below:-
WRITERS INFO
BOUNTY OX USERNAME :- JAYHK