The rapid growth of the gambling market is recorded today. According to a research conducted by PricewaterhouseCoopers Consulting Company, the industry's average revenue growth rate over the past 7 years is 9 percent, which is three times higher than the global GDP growth rate.
Despite the impressive growth of the gambling market and the rapid growth of online gambling industry revenues, the industry has many very important problems in choosing gambling operators. The main problem is fraud and, consequently, the lack of client confidence in the entire market. Therefore, this inhibits the appearance in the market of new actors because of the complicated and costly process of image creation and reputation, which is the most important asset for every participant today.
Gambling game lovers around the world fear the possibility of fraud by the gambling platform: a gambling machine to set false algorithms for winning calculations for profit or account blocking by Koreans and not receiving winning money. The combination of these factors exacerbates the significant level of "ecology" of the industry and the growth of user base in the online sector.
Gambling activities are legally restricted in many countries due to taxation and gambling legitimacy issues; as a result the bank has the right to block the account after the amount of winnings transferred, with subsequent foreclosure. The issue of trust and information asymmetry inhibits the process of scaling and entering online casinos in international markets. Promotion of a company brand without a positive reputation and an internationally recognized name requires huge investments in order to compete with well-known online gambling operators.
The process of receiving money and affecting payments for international clients is also very important in online casino activities. In turn, this process is linked to various bureaucracy, taxation, and transactional costs for carrying out financial activities. This combination of trends hampers industry development and impedes international expansion for operators offering services to regulate online gambling.
Players Problems and Gambling Lovers: There is no possibility to check the fairness of a winning algorithm in online casinos or deal with cards in the poker room. A player has no possibility to check the truth and fairness of the money distribution from the prize money of the gambling machine, as well as the random nature of playing cards at the poker table;
No guarantees against possible account blocking There is a risk of instant account blocking and freezing of funds at the discretion of the online operator. In the case of unfair decisions, the client does not have the protection of his rights in the absence of a supervising authority. While online carriers usually obtain licenses in third world countries;
The suitability of financial operations in depositing and debiting funds. In many cases, transferring winnings to player accounts takes several hours to several days. In addition, existing payment methods are quite expensive and associated with additional fees and commissions due to the insufficient degree of globalization of the financial system in the area of small international payments;
Low protection of client's personal data; If a service is hacked it is possible to steal client's personal data, bank card numbers, and other important information that may result in additional costs and a reduction of confidence to the industry in general.
Gambling operator issues: Distrust platform for lack of reputation; The issue of trust and information asymmetry complicates the scaling and appeal of new international players. Promotion of companies without reputation and international recognition requires huge investments in order to compete with well-known online gambling operators;
Inefficiency and high cost of international money transfer transactions. Provision of an international client may be burdened by transaction costs associated with the organization of the banking sector, commissions, fees and conditions of player country transfers;
The complexity of business scale and expansion into new countries. The localization and inclusion of products to new markets is linked to costs associated with service adaptation to a country's law, bureaucratic formalities of legal entity foundations, and steps to conduct financial transactions.
WinStars is a new online gambling company that uses blockchain technology. Since last year many companies in this niche have started using this technology because it allows them to offer better and more transparent service to their customers, so WinStars is one of them.
The company was created to solve the illusion of transparency that many online casinos have and share profits with users. He wants to create a completely decentralized and truly important system for society.
The company's goal is to offer something that can attract non-gamblers and still be able to provide everyone with transparency and security. It was created using blockchain technology to create smart contracts. This smart contract is used on the generation of random numbers for games and smart contracts.
Smart contracts are used to pay for transactions in a way that users can clearly see that companies are not robbing their money. This is important and many companies have started doing it recently because there have been many gambling scams in the past.
The system is simple, transparent and you can check your betting and game history as they will remain in blockchain forever. WinStars is based on the Ethereum blockchain technology. The company believes that this blockchain will allow it to provide more possibilities for users to earn money and to create new types of games.
Another strategy of the company to create a loyal user base and maintain its community is to provide random tokens to community users. In this way, if they participate, they will have the opportunity to earn money to do so.
The company's ecosystem is formed by token holders, players, partners, and investors. Investors and partners bring money and players to the platform and make money for it. The company currently has a ready-to-use referral system on the platform. This referral system will reward 5% to 1% of people who bring new users to the platform.
The token holder, on the other hand, will help maintain the platform structure as it uses the Ethereum blockchain as a base. As a reward, a portion of the profits will be shared with the token holder who will stake their tokens to maintain the network.
The last part of this equation is the players. They will be able to play with full transparency and will be the main driving force of the system because they play the game will be the motor that will make the system work.
Gambling games and gambling machine market will be based on the Winstars platform. The market will provide gambling games to third party developers or programmers with the possibility to place their products and receive certain commissions (in system tokens) of game earnings. The integration of market projects will allow the platform to offer a wide range of games for gambling game amateurs, attract talented developers, as well as provide regular updates of platform software. Any newly developed product will be moderated by the Winstars Developer Team.
Winstars offers a generous and unique affiliate program market for both crowdsale investors and partners and developers who will work together in terms of catching audiences. The brilliant and major feature of our affiliate program is the multilevel system. For crowdsale investors we offer a three-tier program with 5 percent, 3 percent, 2 percent by level distribution, while for partners and webmasters we offer a five-level system. The most important is a partner or webmaster will get 10 percent of the competing jackpots! Let's make it straight: it is a revolution in the partner program market.
Winstars comes in the form of a digital currency named WINS. The WINS Token will go on sale May 10, 2018 to May 20, 2018, at a price of 1 WINS equivalent to 0.16 USD. The token purchase itself can be done with foreign currency such as BTC and ETH. Do not forget, get also purchase bonuses at certain time period.
Winstars itself is the result of teamwork co-hosted by Egor Volotkovich, Winstars strives to provide their best abilities in the project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
So that's all for review our ICO project for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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