2017 was filled with a lot of ICO hype. We saw one ICO being launched after another. There were more than 850 ICOs that were launched last year, but there was one company that was in the background, taking their time to perfect their product before releasing it to the public - Truegame.
Truegame is a gaming platform that is based on Blockchain and smart contracts. They aim to solve existing problems in the gambling industry. Truegame ensured that they had a product that had a positive feedback from the community before it could be launched.Over the years, we have seen an exponential growth in the gambling market. In 2016, for instance, the gaming market was estimated to be $44.16 billion. This number has been speculated to rise up to $81.71 billion by the year 2022.
What problems does Truegame aim to solve?
- Lack of trust in the gaming industry. Players do not trust casino managers as it is difficult to know the integrity of game organizers.
- The uncertainties of whether or not the casino administrators have money to pay after winning. How does Truegame plan to solve these problems? Well, Truegame uses innovative blockchain to provide transparency,
The game algorithm as well as the generation of random numbers is open. What this means is that the game and winning distributions cannot be manipulated by the player or the casino manager. The money is held on smart contracts. After a win, this money is released from the smart contract and given to the player without the involvement of the organizer of the game. Truegame offers prize draws, lotteries, and scratch cards. Later on, it will release more games including slot games, smart roulettes, dice games, and many more. The platform has a flexible architecture that enables new games to be added every month.
Truegame Pre-sale Details
The ICO presale started on March 5, 2018. As of the time of writing this review, Truegame has been able to collect 3058 ETH. This is more than the targeted soft cap that they had set of 2300 Ether.The pre-sale has three stages:
- Stage 1: The first stage started on March 5. There is 40% bonus that is being offered. Stage one will end on March 18.
- Stage 2-The second stage will start from 19.03.2018–1.4.2018. There will be a 30% bonus.
- Stage 3-The final stage will start on 2.04.2018–15.04.2018 at a bonus of 20%.
After the ICO undergoes these three stages, the tokens sold in main sale from April 16, 2018, will not have any bonus given out.
TGAME Token
We have seen many ICO which were started hastily, only for them to fail in the long run. But, Truegame focused on getting feedback from professionals as well as the community in 2017. This helped them to improve their product. And after months of marketing, and perfecting the product, they decided to reveal the TGAME token to the public.A total of 300 million tokens will be released. 70% of these tokens (210 million) will be sold to the public. The tokens which would not have been sold at the time the ICO ends will be burned. Additionally, Truegame will not release more tokens than the set 300 million. These tokens will be released as soon as the ICO process has been completed.
https://ico.truegame.io/
Team
The team includes experts in the blockchain sector, Gaming industry, as well as experts in online marketing and game developments.The head of Truegame is Dmitry Danilov. Danilov is known for successfully launching various online businesses. With more than 15 years of experience, he is suited to manage the Truegame team, as well as to oversee all the tasks during the ICO period.
Conclusion
Can Truegame solve the problems that they have planned to fix in the gambling industry? Only time will tell. But one thing is for sure, the ICO has been rated highly. Track ICO, for example, has given it a 4.8/5 review and FoundlCo has given it a rating of 9.5/10. This only goes to show that Truegame is a great investment that is worth checking out.
Their well-written white paper and FAQ available at https://ico.truegame.io
For more information:
Telegram: https://t.me/truegame_chat
Twitter: https://twitter.com/truegameSRL
Facebook: https://www.facebook.com/truegame.io