Fair Gambling Protocol

The main goal of the project is to create a
decentralized gambling protocol that would not favor casinos
over players/users and would provide a fair mathematical
basis for games with a 50/50 probability of winning.

At the moment there is an early MVP(https://github.com/RetroSpectro/coin_sol) and signed MOA with several projects of our verticale, which will serve as strategic partners in the future.

Also, there is an agreement to add our project on lunchpads (UNIcrypt,DX)

This gives us an Audit of smart contracts and passed KYC

Our client is every 20th person on this planet.

Gambling and blockchain are already entrenched in the market as a high-risk source of income.

Based on the retargeting base obtained after multi-campaigns. On sites like Facebook, Twitter, Reddit alone, there are over 100 million potential users who might be interested.

In current realities - decentralized finance will only grow.
For the CIS countries alone, $314 billion is 14% of the crypto market capitalization.

The online gambling market continues to evolve and is
growing rapidly. According to a report released by
Technavio, the average annual growth rate in the period
between 2021-2025, will stand at 11.43%. Apart from the
effects of the COVID-19 pandemic, the introduction of
cryptocurrency-based gambling will be one of the key
driving forces on the given market all the way up until
2024.

Smart contract technology allows for the creation of such
solutions. They also provide undeniable advantages over
classic gambling mechanics in terms of transparency and
speed of transaction processing.

The protocol guarantees a fair basis for giving users
equal chances of winning and losing in gambling;


The protocol allows users to earn additional income
by providing liquidity to the game pool by applying
mechanics that are similar to the operational principle
of Uniswap liquidity pools;


The solution is completely open for audit with
transparent mechanics and financial clarity;


Players don't need to keep their balances on the
accounts of centralized organizations;


Players don't need to go through complicated KYC
procedures and reveal their identities;


Players don't need to incur taxes and worry about
related regulations;


The Protocol cannot be subject to restrictions in any
countries or jurisdictions.

Fair Gambling Protocol
Advantages:

This solution is being implemented within the
framework of the given project and future projects
based on the Protocol we are proposing.

Trueflip (Trueflip is one of the pioneers )
Royalchain (a young project with a good steaking idea )

It is impossible to calculate the market share.

According to statistics from Statista
Just in the last few years, the share of gambling in the world has increased to Total TVL
$255.84b +2.30%

Each market participant has the opportunity to take its place in this niche.
But for millions of people to switch to modern products, the producers of these products need to push them to do so. That's what we do protocol for.

Our main advantage is that we are the first to do the protocol.

We decided to work in 2 segments at once, namely B2B and B2C.

Our main goal is to change the concept of gambling, and not to continue in its current form.

Competitors who made during the last few years dozens of blockchain casinos confirm our hypothesis that this market sector stagnates a long time ago and needs a breath of fresh air.

We are realize that it is not enough to have the best
game protocol in the world in order to enter the market.
Apart from the innovative backend solution a gaming
product is a lot of work on the visual part and providing
the best user experience (frontend), working with the
audience, business processes and marketing.


That is why we see partnership with the strongest
representatives of Gambling solutions as the most
effective way to enter the market.


In order to make partners financially interested in
protocol integration, FGP team will supply them with a
certified smart contact, which will actually be a pad
between the player and the protocol. This contact will
charge the user an additional commission from each bet
in favor of the partner, but no more than 0.25%-0.3% of
each bet.


The amount of commission will be set by the partner side
of the protocol at its discretion and regulated by the
market.

Token Ticker: FAIR

Token Type: ERC-20 compatible

Token Supply: 50,000,000

FAIR token owners are able to interact with gaming
contracts. By having FAIR tokens on their balances, users
will be able to interact with the Fair Gambling Protocol’s
gaming contracts, taking advantage of all the benefits
provided by the protocol, as well as the underlying smart
contract and blockchain technologies.


In practice, this means that FAIR tokens are used for
setting bets in any gambling games that are based on
the Fair Gambling Protocol.

The Fair Gambling Protocol liquidity pool is replenished
with FAIR tokens. All profits accrued by liquidity
providers are also transferred in FAIR.


Once mature, the Fair Gambling Protocol will gradually
transition to community governance, allowing the
community to decide the future of the protocol.


For example, holders of the FAIR token will be able to
govern the principles of the formation and transfer of
payouts through voting.

A total of 2.5% of the issued tokens will be distributed
during the pre IDO stage. Tokens purchased during the
initial sale period will have no lockup and will be
immediately available for gaming, staking and trading.


The funds raised at the Pre IDO stage will be used for
the following purposes:


Protocol development (58%);

PR and Marketing (32%);

Development of the first demo project of the Fair
Gambling Protocol (10%).

We are holding two rounds of crowdfunding.
-Private
-IDO

At this stage we need a martketing push for our project.

Considering that we will be placed on a launch pad with our own audience and it will give us a good start, we still want to back it up and run a parallel advertising campaign around the world on our own .

The problem is that we need early investment for this .
Opportunity for the investor to close the private round on their own and get a tangible benefit on the second round of token sales

Closing the primary round through the FFF or early investments .

We offer a closed round for intrigued investors with low token value

The main risks of the project are - a long-term relationship with the usual gambling structures. It is no secret that this is a shady business and not everyone will want to enter the world of open source. But we have excellent examples (TRUEFLIP) of why it is necessary to follow the white path of development

In terms of building the infrastructure of the project - we have all the competencies.

You can see it for yourself. In the section of the team - there are links to the linkdin all participants

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