About TrueFlip 

TrueFlip is the international Anonymous Blockchain Lottery with instant payouts, open source code, and transparent prize fund.making the whole game fully transparent: every ticket sold, every win and financial results will be published on the blockchain.

Basic Information

Gambling market

When it comes to the online Gambling Market, there were certain differences. The leader was Betting, with a 48.7% market share ($21.4 billion). It was followed by casino business and lotteries. Each with 26.8% ($11.8 billion) and 8.8% ($3.85 billion), respectively. This segment appears to have a strong market potential due to the clear added value for the
customers and relatively low market share as compared to offline lotteries As a result, the size of offline gambling market accounted for $359.3 billion in 2016, while online gambling market was $44 billion.

Blockchain technology

Cryptocurrencies quickly seize the online gambling market, turning into the most popular
means of payment among gambling sites. Until recently, only several resources accepted
Bitcoins, but today its integration into payment systems has become ubiquitous. Many participants of the online gambling market believe that the cryptocurrencies will continue to occupy this industry This mostly happens due to its lower regulators control relative to fiat money for both players and online operators. Soon the online casinos on blockchain will
become as familiar as the Internet.

Mission

Lotteries give a chance to dramatically change one’s life for the better. This chance has always drawn the attention of millions of people around the world for the past 500 years, giving them hope to improve their financial condition. True Flip’s goal is to become the most popular and transparent international blockchain platform of fair games that offers the biggest Jackpots and prize funds in the world. Most of currently existing lotteries are totally centralized or even held by governments and are hardly transparent. mission is to build True Flip as a provably fair and decentralized platform that neither any nation state.

Marketing strategy

All players can spread the word about this innovative platform and invite friends and other
players using their personal referral link. After your referred friends sign up on True Flip, he
gets a free ticket to start playing. Users will receive 2% of their referred players’ winnings on an ongoing basis (including the Jackpot!). This feature is also implemented without human involvement and is part of the marketing strategy called “Friends’ Winnings”. Thus, True Flip users continuously remain interested in inviting other players to the platform, because each guest ends up increasing the chances of winning in each new draw.

Features

Transparency

want to prove to the blockchain community that game is fair. At this very moment True Flip is not 100% decentralized. team knows about this and has a plan on how to make True Flip as much decentralized as virtually possible. next goal is to make the platform independent of any third-party (including the team) understand that the probability of winning the Jackpot is 1:49504950. But the risk still exists, and must ensure that we do everything can to protect interests of contributors. Therefore, will have a second Jackpot, the size of 490 BTC, which corresponds.

Opportunities

If there was no quorum, new terms for survey on the same issues will be announced. At the same time, on the second survey of the Tokens owners, it will be considered eligible (that is, has the necessary quorum) if the number of the TFL Tokens that took part in the
process is more than 30% of the issued TFL tokens. Proposals with text descriptions will be created as separate contracts on Ethereum blockchain. In the dashboard, Token holders will be able to associate their address with their decision on a particular proposal. Once the survey deadline has passed, the contract will calculate the sum of tokens.

Lottery 

The Flip’s Star game happens every day. The winning ticket is picked based on the hash of the first block on the Bitcoin blockchain after 20:00 UTC. It will not be possible to buy a ticket after 19:00 UTC each day. To verify that there were no ticket purchases after that time all ticket sales will be logged in the game contract. Logging every single purchase separately will be quite expensive. Therefore, to save on the transaction costs, True Flip backend will calculate the hash of each sold ticket and then compute a root hash in a Merkle tree for all transactions.

Video

Team

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Quote This article is writing on 2 july 2019 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258

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