FAIREUM ICO
Faireum is a public blockchain which focuses on the problems of the online gambling industry and resolves them with a set of protocols that provides a decentralized, low-cost, transparent and secure gambling experience.
To achieve this, Faireum uses its token and game contract to guarantee users a premium betting experience and superb services across lottery, horse-betting, sports-betting, casino games, digital games and countless more.
A smart client also works alongside Faireum’s protocols, called a Faireum node, which helps provide users with a safe, seamless and always-on experience in playing all the games they wish to play.
In General Faireum is a public blockchain with a set of protocols, which focuses on the gambling industry and provides a decentralized, low-cost, transparent and secure betting and gambling experience.
*Problems regarding online Gambling:Despite the significant growth of the online gambling industry, several on-going issues have made some countries reluctant to legalize online gambling. Additionally, a large number of people are deterred from trying out betting games due to problems with trust, security and reliability.
*Problems for players:-Withheld bonuses
-Account restrictions due to location
-Hidden fees: casinos charge a fee for withdrawals
-Withdrawal restrictions
-Limits and slow processing speed of payouts Risk of fraud
*Problems of service providers:-High entry fees for the game developers
-High costs of running an online casino
-Operations overheads such as integrating payment systems and user account balance management
-Slow server running speed and frequent downtime events
-Lack of transparency and credibility
-Lack of support of blockchain services/protocols
*Our Solution:The Faireum team is currently developing a platform that will create a paradigm shift in the online gambling industry and solve all aforementioned issues. Faireum will fully implement and run a blockchain-based ecosystem with its own set of protocols, where developers can publish their own Dapps with custom features to meet Online Gambling requirements. The ultimate goal of Faireum is to remove the risk inherent in traditional systems by making it decentralized, transparent and trustful.
*By creating a new blockchain and a set of protocols with custom features to meet Online Gambling requirements, Faireum will introduce a platform that is trustful, borderless, secure, and fast for blockchain-powered online gambling, therefore:
-Our Solution Reducing operational costs of online gambling therefore providing higher payouts
-Reducing the risk of fraud Reducing the cost of user accounts and money management for online casino operators
-Enabling game developers to monetize their work
-Enabling game developers to generate revenue without having to operate after the game is released
-Creating an open ecosystem of provably fair interoperable online casinos
-Integrating a system of replicable templates and incentivized sharing to allow game developers to benefit from a new value transfer rule that Faireum offers
-Providing third parties with trustful and transparent services to fit development under Faireum protocols
-Providing an official gambling platform that is based on the Faireum network for fully transparent betting and charging
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