TrueFlip and DAO.Casino Creating a New Lottery Game

| Updated
by Maria Konash · 3 min read
TrueFlip and DAO.Casino Creating a New Lottery Game
TrueFlip Team. Photo: Steemit

TrueFlip together with DAO.Casino will create a new quick lottery game on TrueFlip’s platform.

Numerous agreements have been reached between TrueFlip, the international anonymous blockchain lottery known for its instant payouts, open source code, and transparent prize fund, and DAO.Casino, the creator of an Ethereum-based protocol for the online gambling industry and decentralized gambling platform. This served as prerequisite for the decision to become strategic partners, as reported by the TrueFlip.

TrueFlip together with DAO.Casino will create a new quick lottery game on TrueFlip’s platform. This way additional powerful and industrially approved gaming solution is to be implemented, providing additional benefits for the TFL token owners. Overall integration simplicity of  DAO.Casino back-end protocol lets the execution of the deal be not time-consuming.

Another advantage of DAO.Casino protocol is that it defines interactions between untrusted participants using two levels: game level – player’s trust in a particular casino operator in the context of the game (provably fair gambling) and a business model level: i.e. game developer doesn’t have to trust casino operator to get rewarded. In other words, all participants that are needed for the system to function do not necessarily trust each other to cooperate.

“As we’re aimed to provide the ultimate user experience for those playing at TrueFlip, the general idea of extending our product line was stated to be among the first major improvements following the crowdsale. It has become clear that TrueFlip and the team behind DAO.Casino have a mutual interest, so we move on with our Roadmap goals using this chance to rapidly implement the partner’s prominently crafted solution. Thanks to the success of TrueFlip’s ongoing crowdsale, now we’re ready to boost the planned improvements process”, – said Nikita Parhomenko, TrueFlip’s COO.

“The DAO.Casino’s protocol was created to provide the necessary level of decentralization for the businesses seeking this. TrueFlip is one good example of the benefits given by such partnerships. As we provide this team with a sustainable back-end solution to maintain one of it’s gaming options, it’s going to become a good showcase of the opportunities that DAO.Casino provides to it’s partners. We look forward to making this partnership a truly win-win for our both teams”, – stated Ilya Tartuov, DAO.Casino CEO.

Additional details concerning the new game are to be published in the following weeks.

For context, Dao.Casino has successfully achieved equally unpredictable randomness in their system, addressing the need for fair gambling. The primary goal of the protocol is, to bring increased transparency to the online gambling industry using best-suiting Ethereum network. Last month it has announced the launch of its token sale with Ether contributions only. The company aims to raise $25 million worth of ETH in the end sixty percent of twhich will go on R&D activities, twenty on operation, 15 on marketing, and 5 on legal issues.

TrueFlip, in its turn, three weeks ago started successful initial coin offering (ICOraising more than $1.3 million in the first hour. At press time over 4,8 mln out of 14.7 mln TFL  has been collected from more than 1200 users, which constitutes almost $4 mln, and it is still 9 days till the token sale’s end. This funds are to be used for further technical improvement, marketing and forming of lottery’s jackpot.

Blockchain News, News, Token Sales
Maria Konash
Editor-in-Chief Maria Konash

Being a successful graduate of Belarusian State Economic University (BSEU), Maria has acquired competencies in economic and social studies. Given Maria’s previous research working experience, and desire to explore what's really shaping the future, the main research focus is placed on FinTech and Blockchain Technology.

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