The team behind TruePlay, an innovative blockchain-based platform for gambling sites, presented its fully functional platform at Blockchain Expo.
The platform developer team explained how financial transactions, game statistics, affiliate data and content delivery system can work on a fully functioning blockchain gambling project.
TruePlay was first developed in 2017 by Oleksiy Mageramov, Stanislav Makarchuk and Oleksii Ragozin, who sought to create a truly transparent platform that any gambling project would be able to implement.
TruePlay has its own blockchain-based transaction system that allows for fast token deposits and withdrawals that work across multiple casinos, thus eliminating the headache of long withdrawal periods, surprise commissions based on individual casino’s fees and the overall uncertainty that tainted numerous gambling projects’ transactional models.
“Overall, the project looks promising, but the most interesting part is the KYC and protection algorithms. If everything that authors of the project talk about gets achieved, it has a potential to develop a PayPal-level security for gamblers and affiliate partners,” says Nikolay Zvezdin, CIO at Envinary.
At the game level, TruePlay publishes the game result in HASH before it begins, sealing the results in a tamper-proof manner, that guarantees they are formulated before the bets are placed.
In terms of gambling affiliates and their relationship with the gambling operator, TruePlay is unique in a way that it allows for a transparent player ledger, enabling affiliates to see the number of players they brought to the project, their bets, and the subsequent commission.
A unified ecosystem, TruePlay is a modern gambling marketplace with a single, secure authorization, support, deposit and withdrawal mechanism, regardless of the gambling project the player chooses to visit. Its KYC is above those in the financial sector – something the gambling industry has long needed to build trust with its players and affiliates.
Players who buy the token will have access to dozens of gambling projects, hundreds of games, and an unprecedented guarantee of transparency and fairness.
“Blockchain expo is about applying blockchain in real life, not just some version of the future. Our platform solves a number of key issues that the online gambling industry faces today, and we felt that Blockchain Expo is the perfect venue to present our system in detail. TruePlay is not a revolution, a concept, or an over-hyped hoax. It’s a ready-to-go business solution that’s currently being employed by some of the industry’s biggest players, and I think the attendees at Blockchain Expo really got the sense that TruePlay is a project that’s here to stay, ” says Oleksiy Mageramov, CEO of TruePlay. “We’re always meeting investors, going to conferences, talking to industry leaders – that’s in no way a small part because our platform runs on the actual licensed casino, and not just on paper.”
Since April 15th, TPLAY has been on private pre-sale for selected investors of ETH 100 or greater. On May 15th, TruePlay is set to add more games at FairPlay.io, and introduce an enhanced casino experience.
Pokerdom – one of the world’s largest online casinos – began accepting (TPLAY) utility tokens from TruePlay.io as payment.
FairPlay.io became the world’s first fully licensed online casino to be based entirely on the TruePlay platform.
Presented in a series of top-level keynotes, interactive panel discussions and solution-based case studies with a focus on learning and building partnerships in the emerging Blockchain space, Blockchain Expo explores the industries that are set to be disrupted the most by this new technology, including legal sector, financial services, healthcare, insurance, energy, music, government, real estate and more.