Category Archives: Truegame

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Truegame Successfully Reaches Crowdfunding Goal

Truegame is a smart-contract enabled igaming platform that is attempting to bring the trustless nature of blockchain to online casinos. The platform is marketed as a solution to the inherent uncertainty regarding the trustworthiness of facilitators of these games of chance.

Players must trust that casino operators or lottery managers will fairly oversee games, ensuring that nothing other than mathematical probability determines winners and losers. Unfortunately for them, this is no guarantee as current environments provide plenty of room for cheating.

Truegame announces successful token sale

Truegame is trying to fix this uncertainty by injecting a greater level of transparency and trustlessness into the igaming industry. Truegame recently took its first step towards that goal by completed its main crowdsale — successfully raising over 5000 ETH (3 million USD).

Considering the startup’s soft cap goal was 2300 ETH, Truegame has deemed the token sale a success — raising well over double that minimum limit. Furthermore, the hard cap was set at 10300 ETH and sold over 70 million tokens with over 210 million being made available to purchase in all.

The Truegame effect

By leveraging smart contracts and blockchain tech, players using Truegame will not only know exactly how payouts are determined (via open ledger exploration), but rest easy knowing that they will be executed automatically without human interference.

Therefore, outcomes will be pre-determined in a certain way given that all results are visible on the blockchain open registry. All doubts about return to player, an industry term describing the percentage of all the wagered money a slot machine will pay back to players over time, will be effectively removed.

Dmitry Danilov, CEO of Truegame, explains how Truegame was conceived as a solution to the opaque nature of the igaming model — putting the ‘house’ on full display to be scrutinized by the players.

“In an age where player protection is under increasing scrutiny and the integrity of some of the world’s biggest gaming operators is under regular question, we saw the huge potential for an iGaming model where there is complete transparency between the player and the ‘house’.

About Truegame

Truegame utilizes blockchain technology, the power behind this tech removes any doubts about the operator’s integrity. Truegame will soon be granted a gambling license from Curacao and are in negotiations with other regulatory bodies worldwide.

Truegame employs a native cryptocurrency, called TGAME, a utility token the platform requires all users to possess in order to play on their website and participate in the games they have to offer.

Additionally, the project has attracted unprecedented attention from the iGaming community, with several leading figures from the industry on-board as advisors, including Gluck Games COO and co-founder Arvind Upadhyay.

Visit the Website: https://www.truegame.io/

Chat on Telegram: https://t.me/truegame_chat

ICO Bench: ICO Bench – Truegame

ICO Rating Agency: ICO Rating Agency – Truegame

Follow on Twitter: https://twitter.com/truegameSRL

Subscribe on Facebook: https://www.facebook.com/truegame.io/

Watch on YouTube: https://www.youtube.com/channel/UC-NLPf7AAn6sFxOiH1GFI4A

Join on Medium: https://medium.com/@truegame/

 

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Mate Tokay, COO of Bitcoin.com Joins Truegame in Exiting Reintroduction of Innovative New Gaming Concepts

Truegame’s highly original, new iGaming concepts and a unique smart contract-enabled platform offers a fresh innovative twist to gaming. To support this development Truegame launched its ICO with a presale beginning March 5th, 2018 prior to the ICO sale on April 16th, 2018.

Professionals on the project’s team include experts from blockchain to gaming, including Mate Tokay, COO of Bitcoin.com. Matt Tokay has been a noticeable and proactive proponent of both Bitcoin and Bitcoin Cash in the past, his passion is to further develop the popularity of cryptocurrencies.

Upon graduating from the International Business School in Budapest in 2012 Mate came across Bitcoin, becoming an active miner the following year using custom-built ASIC miners. Mate then founded the Bitcoin news and review website Bitcoinist.com. He’s been working on further developing Bitcoin.com since 2015.

Mate Tokay is really excited about TrueGame as he feels that they are committed to improving transparency as their new blockchain technology eliminates risks of subscribers and users being cheated or manipulated.

More about Truegame

Truegame is a blockchain and smart contract based iGaming platform. One of its significant advantages is that the Truegame platform allows for a trustworthy open registry that displays the outcome of every game; these cannot be manipulated. As the combinations generated from the blockchain cannot be manipulated the winning conditions are completely dictated by both luck and mathematical probability.

Truegame states that their commitment is to users trust of the platform. They maintain that the blockchain network is responsible for distributing winnings under its set rules and guidelines and an innovative use of smart contract technology.

The Token Sale Soft cap raised in five days Small hard cap is nine million USD Truegame claims to be the most highly evaluated project among experts (rating 4.8). Fifty-nine experts have evaluated the project and the community on Telegram exceeds nine thousand members.

Truegame say that their concepts are very much in keeping with those of Mate Tokay’s personal philosophy and ideology. Although committed to the development and creation of games through his own platform, Truegame claim that Mate Tokay views Trugame as a promising addition to gaming platforms. Mate Tokay will be on board as in an advisory capacity whilst supporting Truegame with PR and media promotion.

The Games

As the first ICO with a fully working iGaming project Truegame has received positive feedback from the professional community. Truegame offers more than a dozen different games to users including scratch cards, prize draws, lotteries and gift boxes. Truegame says that they have already closed a private round of investments, and even had to refuse one of the funds in full redemption of the project.

A few facts about the global online gambling market

The global online gambling market is estimated to reach USD 81.71 billion by the year 2022 and is currently valued at USD 44.16 million. The forecast is very much towards further rapid growth and is considered to be one of the most profitable online businesses.

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