Bitwin 2.0- iGaming disruption is on its way
iGaming does not have to be expensive
Existing market structure drives tactics that peel off dollars from players who agree to the present gaming conditions. The general rule is that the bigger and more reputable gambling platform is the higher the margin fees it can tax on its clients. We can say it is common, when the platform uses just the well known or hidden monetization tactics, but there are plenty of documented cases of basic rip-off of the clients. This chapter explains why the latest technology may cease current market situation that favors gambling platforms, rather than their clients.
Tokenization of online casino business means that users will be able to send and receive funds without the use of any financial institution. Cutting out the middleman will simply safe all of us lots of money and hassle. Imagine Visa, Mastercard, Skrill, Neller not even touching your money, and that there is no need to make bank transfers anymore. Especially time frames for many forms of international money transfers can take out all the pleasure from gaming and betting. At Bitwin 2.0 we save each and every customers time, granting participants with near instant transactions, close to zero latency in deposit or withdrawal, overthrowing every fiat, bitcoin and altcoin online casino out there. Waiting periods for transactions may soon be the thing of the past. What this basically means is that nobody, including other gambling platforms, banks and payment processing companies, will hold your funds to their own advantage — be it investing your and other players money for their own profit from so called escrow form, or collecting funds to use as a bankroll for games and bets. Long withdrawal times can also discourage players from payouts, making them come back to casino tables repeatedly and, as a result, loose big proportions of winnings.
This is not the only advantage of creating cryptocurrency infrastructure on the top of the casino and sportsbook platform. Bitwin Token being based on ERC-20 standard, with a complete set of casino instructions written in the smart contracts, off-chain Raiden Network technology solution and other novelty functionalities, can achieve much more in terms of economic efficiency. In fact, it can accomplish lowest margin fees in the gambling market globally. Bypassing costly intermediaries such as server hosting, service providers plus previously mentioned payment processing companies, as well as overcoming standard Ethereum blockchain limits, results in gaming costs and house edge as low as 1%. Thanks to that, every single step of the game, and majority of additional actions on the platform, are automated and executed in the most efficient way, saving customers and Bitwin tons of money. Marginal costs and house edge in land and traditional online casinos could reach as high as 15%, so everyone can see the difference.
What is more, omitting painful gas prices with Raiden Network allows Bitwin to process even the smallest bets without a significant rise in the games cost, which opens up new possibilities for customers, small gamblers and recreational players of any kind. Micro-betting activity will not slow down Bitwin Network, as it would in case of a standard Ethereum or Bitcoin distributed ledger capabilities; therefore, unabling other tokenized gambling projects based on blockchain to attract those who bet in minuscule amounts.
To catch up with the attractive casino tokenomics, and in quest to offer a fully matured product that includes sportsbook, we did thorough market due diligence to find the best sports betting software that is blockchain — compliant. After consideration, we decided to partner up with FansUnite team in deployment of their cutting-edge protocol on the upcoming Bitwin 2.0 platform. FansUnite team did some groundbreaking work on their product, putting incentivized net of oracles on distributed ledger in addition, to developing a machine learning algorithms, which will be responsible for issuing and governing decentralized sports data and risk management respectively. The new alliance will assist Bitwin 2.0 platform with similar price efficiency that can be counted as one of the most appealing one in the global online vertical. FansUnite protocol assumes betting margins as low as 1%, which in comparison to the rest of the industry, seems to be a game changer.
From customer point of view, cost-effectiveness is one of the most important factors in building the foundation of good relation with a company. Players and bettors, provided with inexpensive, robust casino and sportsbook alternative, will more likely choose an economical option in the long term. Bitwin makes every effort to provide the best solutions that will make the mass adoption plan possible, as long as term growth is substantial to us. We believe that we can only achieve it by differentiating ourselves from the current payment processing system infrastructure, and by developing attractive price efficiency. As a result, we are able to offer unquestionably noncompetitive terms that contemporary technological concepts can not provide.
Decentralisation- guaranteed privacy
Entertainment with Bitwin Token is fully anonymous. Bitwin, as firm believer in cryptocurrencies, positions itself with the rest of decentralized movement on privacy rights, entitling casino clients full anonymity measures.
Fully decentralized platforms are rapidly becoming a means to guarantee confidentiality at its best. Blockchain, by design, was invented to connect interested parties without establishing necessary trust between them. Therefore, Bitwin customers can fully interact with the platform and feel safe with their sensitive information because nobody, including the site owners, employees nor any authorities, can access their data, which is one of the most significant traits that public, yet distributed ledgers have to offer. This prevents any hack attempt from taking over control of your credit card data or other vulnerable personal info as opposed to many known case studies of centralized gambling platforms.
Privacy guaranteed by blockchain grants Bitwin 2.0 sportsbook users means to bet freely on every sport category, without bet amount constraints, unlike the limits that exist on other betting platforms.
If you have any questions, please feel free to email us: token@bitwin.com or ask directly in our announcement thread at Bitcointalk forum: https://bitcointalk.org/index.php?topic=5081449
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