Competition is important for healthy and steady growth of any industry. For online services it is double the truth.
This new type of online service, where the shareholder is on par with the developer is revolutionizing for this industry.
Smart-Games is an innovative, completely anonymous and decentralized gaming platform. Users can play even with each other.
Today's gambling problems
The online betting market is growing at a huge pace, primarily due to the transition of players from the offline sphere. The second most important factor is that mobile devices have given access to this market to tens of millions of people in Asia, Africa and South America. But at the same time all the problems in the offline market went online almost unchanged.
Lack of transparency, bid manipulation. Players can not check the fairness of many games, and the transparency of the winnings distribution. The spread between 2 game outcomes (won or lost) can reach 30%. For depositing / withdrawing funds from us, another 2-5% is withheld by payment systems.
Blockchain eliminates any possibility of manipulating both the game itself and the result.
Moving to blockchain is logical and simple solution for almost all of the problems with this kind of service, for all the parties involved.
- The interface is slick. The first game available pays up to 99 times the bet. The games that we played in school as kids, tic tac toe, or battleships will be available soon as pvp. Along with casino classics like blackjack or roulette. The games have nice twist added to them. Which increase the value, and reduce the bounce rate of the website.
- Good question, i would not entrust my funds to random party. And that is why the site is designed in such manner, that the funds are never leaving your wallet. You are playing from your wallet. Interacting with the smart contract trough the interface.
The main feature of the site as of now, is "lucky roll" game. A version of game that is circulating the web as "dice" in some variations. It is a game where you guess the outcome of a roll. You can choose your winning probability from 95% (low risk low gain) up to 1% (high risk, 97x). The big difference is a mechanic called poetically "MEGABANK", this side jackpot is accumulating 0.1% of each bet (at the time of this update contains ~700$). And every bet for atleast ~1/27 of the megabank gets a ticket eligible to win a big part of it. Twist is the last five tickets are winning, last one gets 50%, second 20% third 10% and so on. The megabank is paid out if you are the holder of a winning ticket in a given moment. This means there is a countdown (30 minute maximum) that is ticking down and every ticket bought (a bet for atleast ~3,5% of the bank) extends the timer for 20 sec. When the timer runs out (or more likely, players let the timer to end) the bank is paid out, and it starts again with a much cheaper ticket price.
The platform produces (SG) tokens, and to obtain one, You just play, and everytime you bet a certain amount of the token is awarded to You.
Those tokens are just like a share of the platform, and owner of those tokens is receiving his share of the revenue. The developer is receiving a fixed amount of SG with every emission.
The maximum of the tokens is offcourse hard caped. At this moment you need to play ~500 trx to obtain one SG token, and they are not tradeable yet.
And, Your dividends, if that is what one pursue, are being held on the contract until You withdraw them. When the dividends release (every 12 hours), You can withdraw, and the contract just sends you the money it held for You, automatically. The tokens are held by the contract if one wants to receive dividends from them, if one wants to trade them, he can as well freely move them, but is not receiving his share of revenue in that moment. The balance of the contract is the actual dividend pool, and the max bet is based on it.
Feel free to read the white paper and check the website out. Imutability of smart contracts in combination with open source code is the future of this industry, I and many others believe it.
If you find the info usefull you can appreciate it by affiliate
https://smart-games.io/?ref=dicers
https://smart-games.io/whitepaper.pdf
I am not affiliated with the website, but I want to raise awareness. When there is a scam, people imediatelly point it out and call the scammers out, AS THEY SHOULD. On the other hand, when a promising project emerges
it is often overlooked, and shortlived because of the low awareness.
Everyone should make his own opinion.