Faireum is a public blockchain with a set of protocols, which focuses on the gambling industry and provides a decentralized, low cost, transparent, and secure betting and gambling experience. Faireum uses its own native currency and smart game contract to guarantee a superb and premium betting experience and services in lotteries, sports betting, casino games and other digital games to users. Faireum releases a smart client based on the set of protocols for the creation of a trustful, borderless, secure, and fast online gambling network that benefits all.
|Token||ETH, BTC, LTC|
|Soft cap||2,500,000 USD|
|Hard cap||7,500,000 USD|
|Whitepaper||Click Here For View Whitepaper|
|Website||Click Here For View website|
Faireum has developed a competitive public blockchain based on the best practices of Bitcoin, Ethereum and Hyperledger. The consensus algorithm adopted from the Byzantine fault tolerance based delegated proof of stake (BFT-DPos) assures the verification of transactions on the Faireum Blockchain as well as its performance. The protocol are working on is a set of the standards used for gambling DApp on the Faireum Blockchain. also compatible with all of the WASM blockchain contracts written by a high-level programming language and implements Faireum protocols.
The internet has brought many novel approaches to betting structures, changing the gaming industry. To this day, betting remains one of the most well-known and lucrative internetbased businesses. According to H2 Gambling Capital, global online gaming revenues were worth an estimated $43 billion in 2017, making up 10% of all global gaming revenues (offline and online combined). By 2022, the global online gaming market will be worth €65 billion. With over 6 million adults gambling or gaming around the world and estimates of greater than 10 million for 2020, the gaming market overall is growing rapidly.
A lottery is a gambling game where numbers are drawn at random for a prize. While some governments have outlawed lotteries, others have openly embraced them to the extent of organizing national lotteries. For some lottery players, the experience of buying a ticket and the hope of potentially becoming rich gives them satisfactory levels of return even if they never win the jackpot. When the sum of the individual’s entertainment value and the subjective expectation of monetary gain are greater than the psychological expectation of monetary loss, the decision to buying a lottery ticket becomes a very rational one. In short, the acquisition of a losing lottery ticket could actually represent a meaningful gain for some players.
Sports betting involves the activity of predicting the results of a sporting event and placing a wager on its outcome. The most popular sporting events that attract the vast majority of bets include football, basketball, hockey, baseball, boxing, track cycling, American football and mixed martial arts. However, sports betting sometimes extends to non-athletic events, such as political elections, reality shows and non-human contests like greyhound racing, horse racing, as well as the underground dogfighting. Sports betting is mostly done through a bookmaker though some sports bettors still do it by using privately run enterprises commonly called “bookies”. The bookmaker’s role is to act as a market maker such as a mediator for sports wagers.
Innovative Blockchain-based Games
Advanced DApp-based games like Fomo3D and Ether Cat have become more popular recently. More of the similar games are expected to appear in the future due to high demand. In the Faireum Blockchain, these kinds of games will be defined as innovative blockchain-based games. We provide the infrastructure support, such as code auditing, name service registration and listing in FSN to avoid possible hacking attacks or fraudulent activities as well as to ensure the quality of the code.
Faireum blockchain network also offers officially produced gambling games, with all subscribers receiving up to 100% RTP. This allows us to break the traditional business model of the industry and creates a new service-based model. A higher percent of RTP together with the Freemium games will increase the popularity and retention of online games and provide the best protocol rule for Faireum protocols. Paid subscribing users have access to more information such as metric analysis, support, premium game access and financial services.
Freemium is a business model where the majority of users are provided the basic services for free, while a small portion of users consume advanced (premium) services for a fee. The Freemium model helps the rapid expansion of the user base of services and assists in attracting large numbers of premium customers. Paymium is another business model where the majority of users pay a fixed amount for the basic services and are charged additional fees for advanced (premium) services.
|Member||Ishahara Yoshihiko CHIEF EXECUTIVE OFFICER|
Evan Dai Shore CHIEF OPERATING OFFICER
Jixing Jin CHIEF INFORMATION OFFICER
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