May I ask if you have private investors on this project? Do you think you can launch this gaming platform without any crowdsourcing activities? Based from my impression, it seems the team is well-prepared. You already won the top blockchain stellar award, which means, you've been developing this gaming platform for quite a while already.
Yes, likely could.
However, the long-term goal is legitimate decentralization which requires tokens to be sufficiently dispersed. We want anyone to be able to get in as early and fairly as possible, we're not going to be gatekeepers and just pander to VCs who only want to resell to users at a higher cost. Ideally we want bettors and those who want to run nodes at some point, especially when it comes to eventual governance.
There has also been a lot of preparation already on the legal/regulatory side too, Mario and Karl are quite familiar with the Malta Gaming Authority if you look at their backgrounds. Mario's IGA Group also won consultancy of the year at the 2021 Sigma Europe Gaming Awards. He's become quite adept at solving both operational and regulatory challenges.
We've seen all of of the failures and outright scams, and we genuinely want to change that. Even the traditional gambling industry is in a terrible state right now, especially for the users. This is an industry where crypto actually makes sense, as it is primarily composed of transactions which are increasingly becoming digital. Not to mention that total global betting is now estimated to be in the trillions per year in USD value.
We know a system like this can operate much more efficiently than our traditional counterparts, and even most of them now realize it, which is why they're so interested in pushing for tighter crypto regulations and centralized controls.
