Online casinos, while lots of fun, have been plagued by numerous issues, with trust being the most significant one. Recently, a blockchain-based platform has embarked on a mission to fix them.
The TruePlay platform was developed in 2017 and quickly gained attention as a viable solution to most of the industry’s problems. Created by Oleksiy Mageramov, Stanislav Makarchuk, and Oleksii Ragozin – veterans of the online gambling industry – TruePlay seeks to create a truly transparent platform that any gambling project would be able to implement.
Their first concern was the players. The backbone of the gambling industry, players were often the ones who suffered the most from the variety of scams, inefficient gambling operators, and rigged algorithms. The TruePlay team believed that the client must always be the winner, and so they presented players with a unique fair gaming control system, where all possible combinations are recorded onto blockchain before the start of the game and cannot be altered during the game, or manipulated in any way, regardless of the bet size. The player experience was also a major issue, that’s why all TruePlay based projects share a single user profile, login and player statistic, and accept a single token – the TPLAY – as payment.
Gambling affiliates always had a rocky relationship with gambling operators, as the latter would often keep the real player statistic away from affiliates, therefore refusing them a fair commission. TruePlay is unique in 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 commision that results from them. Before TruePlay, affiliates were entirely at the mercy of gambling operators, but with blockchain-based tech, that’s no longer the case.
This new system, quickly hailed as a gamechanger, was adopted by Pokerdom – one of the world’s largest online casinos, which began accepting (TPLAY) utility tokens from TruePlay.io as payment.
A fully licensed casino – FairPlay.io – soon became the first online gambling project to be based on the platform.
TruePlay is issuing TruePlay (TPLAY) – a utility token that provides access to gambling platforms. The TruePlay token (TPLAY) is in its pre-sale period, with a private round for investors of ETH 100 or more currently going on. A public pre-sale is going to be announced soon.