soplo: Winstars An International Company With a Global Reputation

Introduction

The trend of modern society, the development of the entertainment industry, revenue growth in developing countries and the general use of mobile devices have a positive effect on the development of the gambling industry, both traditional and online segments.

The rapid growth in the betting and sports betting markets is observed today. The industry's average revenue growth rate over the last 7 years is 9 percent, which is three times more than the global GDP growth rate.

The development of IT technology makes the most important contribution to the growth of the gambling market. With the development of internet connectivity, hundreds of millions of players around the world have the possibility to play in the casino without leaving home. Mobile devices have allowed casino users to play practically from any point with access to the Internet. Technology expansion, the development of high-speed mobile Internet network has been provided for the development of online gambling market, and, in particular, the online casino market.

The industry's intoxicating growth rate can be explained by advantages over traditional business practices. Operational costs for maintenance of online services, as well as transaction costs for running such business activities are much lower than those of traditional casinos. The online process allows serving clients around the world, which reduce costs for the appeal of new audiences around the world.

Despite such positive predictions, the online gambling industry is suffering from many problems that hinder the development of the market. One of the biggest problems is fraud, and, consequently, the lack of client trust in the entire market. Users are afraid of cheating on the gambling platform: use the wrong gambling algorithm for winning calculations, which significantly hampers the growing number of gamblers in the online segment. One more important issue is the risk of account blocking in case of big jackpot wins and subsequent withdrawals. Internet gambling activities are legally restricted in many countries, and banks have the right to block the account once the winning amount is transferred, and confiscate it.

Winstars is a decentralized gaming platform with a catalog of gambling resources, essentially built on Blockchain and Smart contracts.

We are paying attention to simple and interesting games designed for everyone, even a gambler, with just and unsecured results.

Blockchain technology and crypto currency have opened up new possibilities in terms of game security and justice. Using this simplicity and security, we strive to create simple, multiplayer games for everyone. The technology of fair game results built into platforms, according to international encryption methods, Blockchain-based rewards from prize funds and jackpots open new possibilities for gambling.

Considering the realities of the ICO market, one of the most important goals of our team is the rapid launch of the platform, scheduled for the 3rd quarter of 2018, as well as the monthly release of an intermediate version in accordance with the Roadmap. Many Blockchain teams allocate 2-3 years to the first release, while our task is to expand projects at maximum speed, and benefit quickly for users who believe in our platform. The goal of the Winstars project is to create a truly transparent international online carrier built on the basis of Blockchain technology (specifically, Ethereum), with the ability to check the history of every bet, game, and algorithm for winning.

Although most online gambling market companies are required to pay to independent audit firms and regulators for confirmation of their own fairness, the regulation can not solve the problem of unfair attitudes towards end users.

The use and integration of Blockchain technology in the structure of gambling operators will enable creating a completely transparent system that will prevent blocking of player accounts or blocking the withdrawal of a person's personal funds. Each user has the possibility to check the history of all bets and any monetary transactions, including victory payments, and to convince himself that the operator is honest. Blockchain gives users confidence in online casino history, and all connections between operators and users take place in the form of smart contracts.

Regardless of the problem solving confidence, the use of a decentralized system will enable reducing the operational and transactional costs associated with the financial part of the platform operations, which will facilitate up to a sufficiently large degree of enterprise-scale problem solving and will foster international expansion. All of this will enable Winstars to receive strategic advantages over other companies in the market.

1. Market

An overview of the gambling market

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.

The global income of gambling is growing rapidly and, according to PwC estimates, has reached USD 217 billion.

The trends will remain until 2012, fostered by trends such as the adoption of IT technology, economic growth in developing countries, the increase in real incomes of the population, and the liberalization of gambling restrictions in some countries.

With the development of internet connectivity, hundreds of millions of players worldwide without access to gambling have the possibility to play in casinos, playing poker without leaving home. Mobile devices have allowed casino users to make practical bets from any point with access to the Internet.

1.6 billion people around the world play gambling games at least once a year. The online gambling market can be called the most promising online gaming business segment. The share of online gambling in the online gaming market has increased to 72 percent over the past 8 years and the average growth rate has reached 9.1 percent.

Such growth rates can be explained by strategic advantages over traditional business practices: lower operating costs for the maintenance of online casino services, betting and poker reception, as well as reduced transaction costs for operations on the web.

The use of internet web will open the possibility to offer a wider range of services, thus creating the possibility to cover and attract different types of gamers who prefer different types of gambling games including poker, casino, and gambling machines. Giant revenues such as segments like Bet365 and William Hill reach billions of dollars per year and equal to 2.3 and 1.6 billion simultaneously. An important role is also played by online poker with a year-over-year income of over USD 4 billion, with the income of the industry leader (PokerStars), having a lot of negative feedback, being over USD 1.5 billion.

The expansion of the company into new markets is an important stage for scaling, attracting different groups of players. Experts name a number of advantages of an online gambling business operator model above the business model of traditional gambling operators.

Key trends and advantages of the online gambling industry:

Classic casinos and offline sports betting offices can interact only with local clients and tourists coming to the city in question. Online business practices enable scaling and service delivery globally;
Operational costs for serving online gambling operators and their activities are significantly lower than offline casinos, resulting in improved financial indicators such as ROI and ROE;
Scalability. Online operators can provide the possibility to play for several thousand players around the world. In classic casinos and sports betting offices the number of visitors is limited by the number of seats at the gambling table;
Comfort and comfort. To make a bet, the client does not need to visit the casino again. All it takes now is a PC or a mobile device, a tablet with access to the Internet. A gamer can play at a real desk watching games that are streamed instantly thanks to web-camera;
Optimization of bureaucracy. Online gambling operators do not need to interact with a large number of state authorities and private organizations.

2. Winstars project

Basic functionality

Winstars is an international online gambling operator built on the integration of new IT solutions in online gambling and Blockchain technology. Winstars provide a unique possibility to make bets for every amateur player from a gambling game regardless of location and income.

The basis for the operation of the Winstars platform is a decentralized smart contracting system that is responsible for ensuring fair distribution of random numbers and playing cards on casino and poker tables, as well as for distribution of funds to client accounts.

Winstars build systems that will ensure transparency and fairness for all the gambling games presented.

Thanks to the advantages to be applied on the Winstars platform, many industry issues related to issues of trust, entry into the international market, and the protection of personal user data will be solved. Everyone can get acquainted with platform operation activity thanks to open access to the public registry with proof of mathematical identity.

The use of Blockchain technology in the structure of online gambling operators enables the creation of a fully transparent system. The result of every single game or number, handling the next playing card is random and is determined by a random-generation multifactor model, when the final value is determined based on several indicators of the input data.

WIN token plays the most important role in platform operation. Token is a platform payroll unit and will be used to accept bets or fees for entry to the gambling table. Thanks to the use of crypto coinage in operator systems, every gambling game lover around the world has the possibility to bet on minimal transaction costs and bureaucratic costs.

The use of token in the system minimizes the formalization of the bureaucracy, reduces the time for receipt of funds in client accounts and commission fees, as well as provides high fund liquidity and the possibility to transfer worldwide.

Winstars has tremendous potential to attract international clients. Byproviding the perfect game service, guaranteeing winning payments, Winstars gives gamers from all over the world the opportunity to play favorite gambling games with minimal commission (Ethereum gas), without worrying about blocking funds.

Principles and technology of operation

The main advantage of our platform is the transparency of a random number generation system that will allow each participant to ensure a fair outcome of the game. Random numbers are determined by RSA cryptographic algorithms that work on one-way hash functions. Furthermore, some functions are used simultaneously as input data for that function. Such multifactor models are much more reliable than single functions used in similar projects, due to the increasing complexity of protocols being compromised by third parties.

First RNG = F (Hash 4 from end of block, Hash of the block of transaction Winning by player)

Next RNG = F (Hash 4 from end of block, RNG Previous)

The hash transactions, previous generator results (absent during the first transaction) and private slot keys generated at the beginning of the game session are used as input parameters. Checking results is done by taking the inverse function under this algorithm from the value obtained and the public key platform that will be available in public access.

It should be said that the use of internal protocols also solves the problem of generator speed. A similar system that takes block data (Ethereum or Bitcoin) as one source can show a random number only after the occurrence of each subsequent block. Therefore, the user is forced to wait for the bet up to 1 minute (in the Ethereum case) or up to 1 hour (in case of Bitcoin). Our system will show the results instantly. In the event we collect USD 15 million, the possibility of full immersion into the process by using VR-glasses or devices specific to smartphones will be implemented on the Winstars platform. Each player will have the possibility to enjoy the game as if he were at a real gambling table and play with real competitors.

Why do projects require blockchain?

Implementation of the project on the basis of blockchain is quite difficult from a technical point of view, especially given the technological novelty. However, according to the analysis of similar projects we have decided that we need a distributed ledger to undertake the role of outside guarantor to provide guarantees to players.

The ecosystem to be created is completely based on automated operations that generate trust and the absence of asymmetric information: each participant knows that everything is calculated in a fair way, every operation can be checked in the public data registry. At the same time, Blockchain ensures significant infrastructure cost reductions.

Comparative advantage of Wins:

No financial constraints and hidden transaction commissions. The use of crypto currency for payment and token integration within the system eliminates the need for bureaucratic formalization, reduces transaction time and commission amounts, and offers high liquidity funds and the possibility to transfer worldwide;
The project team consists of professionals who have experience in real project management in the traditional gambling industry. Experience and skill symbiosis will enable gaining appropriate management strategies;
Decentralization of the system and guarantee of victory. The use of a decentralized system neutralizes the risk of account blocking, client's freezing and pending confirmation of the withdrawal request to the client's third-party wallet;
Possibility to check the casino justice and the next card deal. The public nature of the Blockchain registry and the general nature of transactions allows creating a system in which any player can convince himself that this platform is fair.
Scaling and possibilities to attract new clients. The online casino system allows serving additional players at no additional cost, while blockchain enables unlimited project implementation and payment receipts from around the world. Limits are only related to Ethereum Blockchain data throughput.
The ability to make bets for users with a minimal budget to start the game and test system functionality. Thanks to the advantages of system token integration and transaction cost reduction for users of financial operations, it can now deposit without minimum restrictions so it is possible to withdraw and provide an opportunity to make bets for every player in the world (1.6 billion people around the world play gambling games at least a year once).

No need to identify players;
Absence of limitations on the number of transactions;
Automated internal processes, accelerated payments;
Creating an internal service ecosystem;

Switch to a gambling game operator in the future

Winstars.io team focuses on the global future. One of our goals is to create conditions for other projects in order to operate the games represented on Winstars platforms based on whitelabel. We will try to make Winstars an international company with a global reputation to attract not only players but also owners of online gambling businesses. A technical solution along with a unique marketing tool will be our guide to the world of gambling.

3. Sales Token

General information

PreSale: 10.05-20.05, tokens to be sold: 22,500,000; token price: USD 0.16.
Primary Sale: token for sale: 80,500,000: token price: USD 0.20.

Token Sale has two main goals:

Incorporating WINS into the circulation;
withdraw funds to develop and promote the Winstars platform.

In total, 150,000,000 wins will be issued. 103 million tokens will be available for purchase through Token Sale. Distribution will be done through smart contracts, codes that will be previously posted for public audit. The funds collected will be used to launch the platform, integrate the token and finance advertising and marketing. 26% token is provided to founders, partners, bounty program participants, team members, advisors, and game fund raising. Token team members, founders, and advisors will be frozen for a period of 6 months to 2 years. Most tokens are distributed through Sales Token.

Token Distribution:

Sales Token - 103 000 000 WINS
Advisory board - 7 000 000 WINS
winstars.io 28
Team - 16 000 000
Game fund - 12 000 000
The program of grace and referrals - 12 000 000

Roadmap

Q3 2017: analysis of the online gambling market, searching for key issues in scope, player interviewing organizations, team building.
Q1 2018: development of project concepts, the definition of technical implementation, interaction with the Blockchain community and the player community to develop correct project concepts, project presentations for strategic partners to find solutions to key issues.
Q2 of 2018: launch of marketing and PR campaigns from projects, project team announcements and project advisors, Token Sale, from online casino development, token list of WINS on the announced exchange, prototype platform presentation to the public. Build massive marketing and PR campaigns to promote projects.
Q3 2018: fully functional platform presentations by running games to communities and investors, optimizing after feedback.
Q4 of 2018: launch of poker room, the official launch of online casinos Winstars. Development of VRcasino if the Token Sale objective is achieved.
Q1 of 2019: the official presentation of VR-casinos to the community (if the purpose of Token sales is achieved). Organize a global conference to bring Winstars functionality with participation of all team members, partners, and communities involved.
Q2 of 2019: placement tools for third-party developers willing to work with our platform, mobile app.

Team