Online Gambling Industry
The online gambling industry is one of the fasted growing in the world. The statistic shows the size of the global online gambling market from 2009 to 2017, with forecasted figures from 2018 to 2020. In 2017, the online gaming market had a volume of 47.11 billion USD, this figure was forecasted to increase to 59.79 billion USD in 2020.
Online Gambling Industry — The Current Landscape
The evolution of betting and gambling has been breath-taking, especially throughout the last 20 years. Live betting and gambling on mobile devices have been milestones that have attracted gamblers from all over the world. But the online gaming industry has many issues that directly/indirectly originate from the concentration of trust. These issues can be anything from the algorithm in random number generators to the management of users’ balance account. Also, if we take a look at the counterparts such as BitDice and Nitrogen Sports, which are operating on the Ethereum Blockchain, you will see that heavy traffic takes a toll on their operations and also, the users are handicapped by the transactional fees which may take away the immersion of their gaming excitement.
What is WINIOTA?
WINiota is developing a community driven, On-Tangle Provably Fair Casino & Artificial Intelligence enhanced Sports betting platform. We aim to be global leader in the innovative decentralised gaming and betting industry, by focusing on transparency and provably fair technology. The platform is based on a transparent, nearly instant, peer-to-peer Open Blockchain technology — Iota flash channels and the Iota tangle.
Key Features:
- First in the online Gambling industry: To use Iota Flash channel enabling nearly instant transactions
- No Hot Wallet: WINiota is building a community driven platform with a wide variety of provably fair casino games. These will be programmed to facilitate Iota Flash Channels, leading to super-fast transactions that won´t need a hot wallet. Winnings will be transferred directly into the players wallet.
- Zero-fee payment solution: will open the WINiota players community to micro stake and high rollers alike.
- Community Focused: The community will be rewarded in a provably fair weekly raffle in which 50% of the profits generated will be raffled off to WIT holders. Additionally, WINiota will strengthen the community by allowing to vote for proposed strategic changes such as shifts of aims and goals or fundamental structural changes
- Live Sports Betting powered by Artificial Intelligence (AI): Our decentralized sports betting offer will include a fresh approach, offering an innovative arsenal of pre match and live sport bets based on IOT sensor data build into e.g. footballs, tennis rackets etc. WINiotas live betting model will facilitate Artificial Intelligence using the latest Deep Neural Network technology to further enhance the accuracy of odds offered.
- White Labels: White label solutions for marketers will be offered to further monetize WINiota’s casino games and AI enhanced sports betting technology.
In the first stage, WIT will be released based on the ERC-20 token standard. In stage 2 (Q3 2018), WINIOTA will initiate a 1:1 ration token swap in order to base all WIT tokens on-tangle with all its utility functions.
WINiota has set a Hardcap of raising 24,000 ETH for its ICO and the number looks very realistic and achievable. Setting low Hardcap guarantees better returns on contribution and this also makes WINiota an interesting startup to participate in. Pre-ICO from 1st July to 14th July 2018; ICO starts from 1st August to 1st September 2018.
Unsold tokens, if any, will be burned at the end of the crowdsale.
WINIOTA Team & Advisory board
Our passionate team has accumulated several decades of experience in the online sports betting and casino business, having overseen millions of sign ups and billions in turnover for the leading 5 gaming companies in the world.
WIT Token
The power behind WINiota is the decentralized Tangle and the WINiota Token (WIT). The latter will be used for several utility privileges within the WINiota eco system.
Last but not the least!
Key information on the token sale, including white paper, token structure and use of proceeds, is available on the ICO website: https://www.winiota.com/ . Also, do check out our Demo facilitating Flash Channels: http://demo.winiota.com/home
