Winstars- Online gambling has stepped up a new ladder.

longnam (32)in #cryptocurrency • 6 years ago (edited)

For a long time, people have been fascinated by the risks of gambling, and hundreds of years have passed, the interest has not diminished. In the past year, rollers have brought in about $ 400 billion in global casinos, and that number is growing every year. It is easy to see, gambling business grows brightly like the light on the dragon scales, but somewhere there are still hidden difficulties.
Previously in an analysis of the Asian gambling market, I had the opportunity to interact with more informationGambling paradise — MACAU, where millions of dollars of monsters are spent every day to satisfy their black-and-white predators, known as Junkets, as well as China, Singapore, Taiwan and Hong Kong. However, after the Chinese government crackdown on corruption but there are 2 emerging trends that will put a screeching halt to the industry. First, the tightening of the regulations by the Chinese government and the second, the abandonment of junket systems in the newer casinos in Asia.

The shady money is shifting beneath the cards, causing the Chinese government to frown, they are concerned about the flow of capital and want to be able to track funds that are leaving China. So the perfect economic industry is trapped between the pressure of the government, the other side is the mentality of the players. The second trend is more worrying for the junket operators. Countries, who are opening up casinos for the first time, are abandoning the junket system for the “player agent system”, as they want to stay away from some less desirable aspect of the junket system.
But on the west side of the world, a project that connects global gamblers is deployed.With such provisions available in the market, many gamers from different regions, including Canada, U.S.A., Asia (including India and China), Latin America, Europe, and Australia are joining the market. As online payment and fund transfer is becoming available to users in various regions and as access to the internet and mobile devices is on a rise, online poker market is set to see another wave of surge. Introduction of blockchain technology brings the potential to take online poker to the next level, by improving the transparency and Fair play factors.

As more and more poker enthusiasts get tech savvy and more mobile-based platforms are coming up, the Online Poker market is growing at a fast rate. The online gambling industry’s size was expected to reach USD 51.96 bn dollars in 2018, and online poker is a huge chunk of online gaming. The market is expected to reach USD 59.79 bn dollars in the year 2020. Half a decade back, the online poker industry encountered some slowdowns due to regulatory controls, but after efforts made by online poker rooms to improve transparency and Fair Play, more and more gamers are encouraged to playing online. There have also been certain legislative reforms that have made online poker more organised and attractive for players. A report published by Global Industry Analyst, Inc. in 2014 says, ‘Poker is one of the most popular games, being played by gamers for over two centuries. Online Poker, though being a relatively new gaming concept, is also attracting worldwide players due to ease-of-play and convenience.’

Online gambling has stepped up a new ladder.

Winstars is a decentralized gaming platform with a catalog of gambling resources, the core is built on Blockchain and smart contracts. They rely on simple and attractive games designed for anyone, not even a gambler, with transparent and guaranteed honest results.

The goal of the project is to create an international, absolutely transparent gambling operator built on the basis of Ethereum, with the ability to check the history of each bet and game, with attractive affiliate program and the best opportunities to earn on the gambling market.

The market is large and there are many instabilities. The problems of this market

The problem of the player.

The lack of transparency: players can not in any way check the integrity of the algorithm on the platform and from this there is no way to calculate the chance of winning. There is no guarantee that players are at such risk at any time they can block their online accounts at the discretion of the broker, even if the player is not protected because the license is usually Buy in third countries around the world.
Financial transactions: Usually the players broke the "jackpot" and want to withdraw their earnings, have problems with the withdrawal, then you have to pay the commission is not clear, then some of the ratio fee.
Lack of protection: in the case of hacking online platforms, personal data (confidential) can be stolen.

The problem of gambling operators

Do not trust this platform, it is very difficult for a new company to break into the field.
Financial transactions are difficult for international users due to high transaction costs and inefficiencies.
Scalability is difficult for platforms to penetrate new markets, due to adaptations, laws and other issues.

Winstars was built with the intention of becoming an international online gambling operator based on the integration of new IT solutions in online gambling and Blockchain technology. This platform will provide a unique opportunity for all gambling lovers, to carry out transactions regardless of location. To ensure transparency and honesty on the basis of responsive smart contracts, most problems in the gambling market are being addressed. That is, anyone can test the entire algorithm of the game installed on the platform, to prove authenticity. On the platform, all operations go through the internal WINS token. The use of a token in the system minimizes the bureaucracy, reduces the amount of time spent on customer accounts, and commissions, which also provides high liquidity and worldwide remittance capabilities.

Winstar noticed that although bitcoin is a good money to trade, however dig a little deeper and even though Bitcoin might be the most convenient cryptocurrency to use for gambling online right now, it is not the future. The evolutionary steps being taken by using Ethereum is a game changer. It’s giving the power back to the players. If you want to get ahead of the game then Ethereum is the cryptocurrency to try out.

Understandably this project addresses many of the core issues of the online gambling industry: There are no financial boundaries, no hidden bonuses due to electronic money, decentralization eliminates the risk of blocking user accounts, the ability to verify the integrity of the algorithm of the system, scalable, you can use this platform from anywhere in the world, have the opportunity to test the game and there is also opportunity for those with little money, no need to identify players, no limit on number of transactions, automation of internal processes, accelerated payment, creates an internal service ecosystem. There are many benefits that we can see, and there are many ways to make a profit from the project.