BITFRESH

 

iGaming from 90s

Gambling has been done by humans for a long time and has even become part of human culture for thousands of years. In the past, people gambled with a variety of media, the most popular of which were cards, roulette, etc. All gambling activities used to be done offline, but since the emergence and development of the internet, online gambling has become popular among people around the world. Until now, the global online gambling market size is expected to reach USD 127.3 billion by 2027, this makes the gambling industry very potential.

Talking about online gambling, maybe you will be interested in this one platform. It is an online gambling platform that offers users a transparent and fair service. This is Bitfresh - the first community-driven iGaming platform where everyone wins.

A dApp is an application that runs without a backend in a decentralized computer system - for example, on a blockchain. Accordingly, the dApp uses the main advantages of the blockchain: transparency, reliability and data immutability. DAPP (Decentralized Application) consists of a backend code running on a decentralized peer-to-peer network. DAPP can also have a frontend-generated user interface that accesses the backend. No central server is required for DAPP to function: the interaction between users and providers is direct.

The emergence of blockchain technology and other digital assets has changed the way the world today now manages and conducts transactions. This technology has been adopted by various industries including the iGaming industry to improve on the existing method on which their day-to-day business activities are carried out. The transparency and immutability of blockchain technology helps creating a unique experience for players in the online gaming space.

About the Bitfresh?

Bitfresh is a blockchain-based community driven social iGaming experience that pays dividends to the players. The platform is filled with reward systems to give players many ways to win and earn over time BitFresh uses blockchain technology to create a decentralized platform, where the gaming processes are efficient, transparent, and provably fair. BitFresh will harness the maximum capabilities of blockchain technology, using the TRON network to provide gamers with numerous advantages which include: Low commission fees, fast transactions, minimum bets, increased security, non custodial betting and dividend sharing.

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MARKET

1.iGaming

iGaming consists of playing casino games, poker, and/or sports betting via the internet. Factors such as the advancement of technology available (for example smartphones and apps), the higher trust of gamblers paying online, and the increasing digitization of the world, are making the iGaming market is seeing tremendous growth in many regions across the world.

The online gambling and chance industry are huge, with a market size of USD 53.7 billion in 2019 for online gambling and USD 7.5 billion for online lottery. Europe dominated the market in 2019 with a total size of USD 22.0 billions. The gambling market is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027, forecasting a USD 127.3 billion capitalization by that time. The convenience of a cashless mode of payment during gaming are likely to boost the iGaming market, during the forecast period.

2.Fair Play

Fair play is always a topic of discussion among Casinos and their customers, GVC started a fair play initiative in 2018, while there is also a fair gambling codex that describes adequate terms of operation for casinos and consumers. Blockchain gambling is also in the 2020 trend list.

Blockchain Gambling

Gambling on the blockchain has been on the rise. With actors like Wink, BlueBet and Dice2Win averaging more than a USD 4 million weekly transaction volume each. From what is currently reported on sites like Dappradar the top 25 casinos Dapps average more than USD 50 million in weekly transaction volume. If we account for a 2% casino edge, we are talking of at least USD 1 million in profits a week generated just by the top 25 casino Dapps.

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WHY BITFRESH?

Bitfresh provides a secure and transparent blockchain-based gaming platform that offers a range of games for interested users. There are both famous games and new ones. Choose from a huge variety and enjoy your time. Thanks to blockchain technology, the whole process is completely secure and you don't have to worry about the platform's fairness. Bitfresh prides itself not only on excellent design and aesthetic satisfaction from using our platform, but also in a completely safe and fair gaming experience. One of our goals is to bring a decentralized system that makes the whole experience 100% trustless and manipulation free.

Bitfresh platform offers online casino games like classic dice, coin flip, classic slots, 3D slots, and many more. Many of these games are developed and deployed on the Bitfresh platform using the TRON ecosystem. Bitfresh is built on the TRON ecosystem because TRON offers a comfortable and convenient architecture for iGaming deployment.

1.Transparency & Fairness

Blockchain technology is considered as a means by which true transparency can be encouraged in a given business of a digital context. Bitfresh would be using blockchain technology "distributed ledger" to verify transactions on the platform, thereby eliminating the need for a third party

2.Community Driven

Bitfresh prides itself to be community first. We want to build the first community driven iGaming platform where our players and community suggest our roadmap. Bitfresh will be built on top of its community feedback and suggestions, and we want to keep it that way as we grow.

3.Innovative Gaming Mechanics

At Bitfresh we aim to disrupt the industry not only by leveraging blockchain but also by implementing innovative gaming mechanics to increase user engagement and retention. These include configurable and extensible auto betting, token mining while gambling, hidden surprise jackpots, dividend sharing system and complete gamification of the whole experience

OUR GOALS

Our vision is to be a community driven iGaming platform that makes constant changes and iterations based on user feedback. The main goal is to create a fair and trusted environment for stakeholder and gamers alike.

  • We want to be recognized as the first truly community driven iGaming platform
  • We want to be amongst the first big blockchain based iGaming platforms
  • We want to help moving the iGaming industry towards the right direction with provably fair gaming and true transparency
  • We want to be referenced on how successful a decentralized project can be become through the next generation of token economies

Players can earn in multiple ways on the BitFresh platform

Players can earn through:

  • Referral Program
  • Staking
  • Dividend System

THE PLATFORM

Gamification

1.Ranking System

One of the many ways that Bitfresh rewards players are through crypto rewards & bonuses for reaching a new rank. Each rank has a requirement of some amount of wagering and missions. The higher the rank, the higher the prize.

2.Daily Missions

The platform will have a set of missions that can be completed daily to access special bonuses and additional ranking points.

3.Purchasable Items

Players will have access to a set of items that can be purchased with BFT. These items will give the players a special ability or bonus over our in-house games. These bonuses can go from extra mining rewards to the reduced house edge.

Attractive Gambling Mechanics

Jackpots

All users will have a chance to earn jackpots in In-house games.

Tournaments

To create a competitive iGaming ecosystem, Bitfresh provides campaigns and competitions that allow users to compete and get big prizes.

Fairness

Users don't have to worry about the fairness of Bitfresh. Bitfresh with blockchain technology ensures that nothing can be manipulated on the Bitfresh platform.

Mining

Even when players lose, they win! When betting, the player earns tokens regardless of the outcome.

Non Custodial

Thanks to cryptocurrency and blockchain technology players are able to play directly from their wallet, removing the need for them to trust our platform with deposits or withdrawals.

Many Ways To Earn

Referral Program

Referring players to BitFresh gives the referrer a percentage of all future bets from the referred players. The platform covers this cost so that referred players are not negatively affected. The referral program allows for passive income for as long as those referred players use BitFresh.

Staking

When players stake with their BFT tokens, they will receive a portion of the platform's profit (dividends) from the Dividend pool.

BFT Token & Dividends System

Players and stakeholders can earn through our dividend system and BFT token price speculation.

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BITFRESH TOKEN ECONOMY

The token system is a behavior therapy method. The aim of the token system is to build desirable behavior through small rewards. The so-called tokens can be smileys, marbles, chips, etc. The player can collect these and exchange them for a reward if a certain number is earned. The Player is rewarded for good behavior and has a sense of achievement.

BitFresh Token (BFT) is a utility token for profit sharing and stakeholding. The BFG token acquires value due to the possibility of receiving dividends, which increases the interest and demand for this asset. BFT token is a TRC20-based utility token created for Bitfresh platform actions, with a max supply of 1,000,000,000.

BFT token is a means of exchange within the platform and has multiple applications like:

  • Staking. By staking users can have the opportunity to gain platform profits (dividends)
  • An in-game currency for betting and payouts
  • The reward for participating in the Bitfresh iGaming ecosystem
  • Cash Back
  • BFT tokens may also be sold or exchanged for other cryptocurrencies, such as Bitcoin, Ethereum, etc.

BitFresh is a proof-of-gameplay reward mechanism aiming to revolutionize the iGaming industry. Users are rewarded for their time playing, while Game Developers grow their gaming community, earn crypto and get help from adhering services. Everybody wins! These tokens are the basis for the platform’s revenue sharing system through a dividend distribution.

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Token Details

  • Token Name: BitFresh Token
  • Token Symbol: BFT
  • Total Supply: 1,000,000,000
  • Token Type: TRC-20 TRON Based Token
  • Token Type: 18 TRON Based Token

TOKEN DISTRIBUTION

A total of 1,000,000,000 BFT tokens will be issued and allocated as follows:

  • 5%: of the BFT tokens will allocated for Staking
  • 5%: of the BFT tokens will allocated for Advisors
  • 5%: of the BFT tokens will allocated for Early Supporters
  • 10%: of the BFT tokens will allocated for Public Sale
  • 5%: of the BFT tokens will allocated for Bonus Mechanics
  • 20%: of the BFT tokens will allocated for Team
  • 50%: of the BFT tokens will allocated for Players

ROADMAP

Q4 2020

  • Whitepaper development
  • Team building
  • Coin flip & dice game
  • Initial mining system
  • Platform alpha launch
  • Pre launch campaign & bounty program

Q1 2021

  • Accessibility enhancements
  • Official main net launch
  • BFT mining begins
  • Referral program

Q2 2021

  • Addition of new in house games
  • Token emission and initial sale
  • Dividend pool rewards
  • Jackpots system
  • Token listing

Q3 2021

  • Addition of new cryptocurrencies
  • Enhanced mobile experience
  • Daily gambling missions
  • Player items

Q4 2021

  • Token burn begins
  • Ranking system & achievements
  • New games & integration with Gaming providers

The Team

We're a team of developers and designers hoping to apply good design based on timeless principles and community feedback. We like clean design and some 90s nostalgia, which is why we are taking the pieces from the decade that most appeals to us.

Author: Apineong

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3239925

TRON Wallet: TGvZvWzqvgLf3WDrQUXFj1P7BJy6M6XFbU

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