Place/Date: Seychelles - March 23rd, 2018 at 8:58 am UTC · 3 min read
TruePlay – a new and innovative platform designed to rid the online gambling market of a number of technical and ethical issues it currently faces faces, was first developed in 2017 by Oleksiy Mageramov, Stanislav Makarchuk and Oleksii Ragozin.
As longtime veterans of the online gambling industry, they sought to create a truly transparent platform that any gambling project would be able to implement.
Mr. Momot has been in the Bitcoin mining business since 2015. With over a decade of IT-experience, Mr. Momot has been working in the blockchain industry since 2013. He is currently serving on the board of the Bitcoin Foundation Ukraine.
In 2014, Alex ran BitX, a start up that allowed people to pay for telecom and other everyday usage services in bitcoins. Mr. Momot is also the BDM of Hotmine.io – a popular mining hardware store that’s focused on utilizing the thermal energy produced by mining to heat office and living spaces.
At TruePlay, Mr. Momot is going to use his extensive experience in blockchain to advise one of the most innovative startups in online gambling on the goal of changing the face of the industry through the use of blockchain technology.
TruePlay’s technology offers a unique solution that enables gambling platforms and players alike to have a streamlined operational and gaming experience, previously unheard of in the industry.
TruePlay utilizes blockchain-based technology to offer a unique solution that would enable gambling platforms and players alike to have a streamlined operational and gaming experience, previously unheard of in the industry.
TruePlay enables faster-than-ever transaction times between the player and the gambling project, ensuring quick transparent payouts, with no waiting period.
TruePlay enables a decentralized ledger that is accessible to all players, and therefore serves as a guarantee that a gambling project has enough funds to cover all bets.
TruePlay guarantees that a game’s results are decentralized and formulated before the bets are placed, and in such it creates a guaranteed fair game, unaffected by the amount and quality of bets.
Remme.io is a Ukrainian company that was founded in 2015, REMME intends to make passwords obsolete by migrating the authentication process on to the blockchain, thereby eliminating human error from the equation. This is being done using their distributed REMME Public Key Infrastructure protocol (PKId) along with a set of Access Management DApps built on top of it.
TruePlay is issuing its own utility token that provides access to numerous gambling platforms. The token allows for an unprecedented level of transparency in gambling by eliminating the game’s susceptibility to manipulation from operators and ensuring the public’s trust. The TruePlay token sale starts on May 15th, with pre-sale commencing on April 15th and continuing until April 30th.