WinWinCoin – ICO Detailed Information

WinWinCoin Unifies the Gambling Industry

The emergence of blockchain created a new facet of the online gambling that may well be capable of resolving a string of issues which have been impeding the development of this industry.

WinWinCoin is one of the startups that try to jump on the blockchain bandwagon and promote a system that will help put all the participants in the ‘win-win’ situation. Whilst they don’t offer anything extraordinary from the technical standpoint - the WinWinCoin platform has been developed on the basis of the Ethereum blockchain, like an infinitude of other projects - they did manage to come up with several elegant solutions that might be a prerequisite for the popularity of WinWinCoin in the future. The key element of this system is WWC, the ERC-20 token which serves as a transactional instrument and a ticket of participation in three jackpots.

WWC as the answer to all problems

WinWinCoin claims that their solution is capable of resolving some of the major problems of the corresponding industry in one fell swoop. These problems being low transaction speed, high processing fees, various fraudulent activities, lack of anonymity which translates to the necessity of undergoing different authentication procedures, regulatory constraints, and withdrawal limits.

The projects offer a three-track strategic approach which implies the consolidation of all gambling operators under the auspices of WinWinCoin with the subsequent incorporation of WWC as the unitary circulating medium across all gambling platforms.

The operators will be granted an opportunity to become a part of the WinWinCoin network on the condition that they won’t impose any limits on transactions in WWC, and won’t conduct any identity confirmation processes with respect to the gamblers that use this token.

The system of jackpots

Those operators who choose to adhere to these conditions, as well as all other holders of WWC, will be afforded an opportunity to benefit from the participation in loyalty programs known as the Jackpots. This feature provides for three types of jackpots:

• The White Jackpot  - a one-time event where a substantial amount of WWC will be distributed among the Partners;
• The Black Jackpot - a weekly edition of the event, accessible to all network participants;
• The Red Jackpot - a monthly occasion which also welcomes all players and casino providers.

The prize pot will be formed with the use of funds gathered through various stages of ICO and the winnings apportioned between a thousand users chosen by the random number generator incorporated into the Ethereum blockchain. 

The WinEx exchange

WinEx is a cryptocurrency exchange where all holders of WWC can convert their tokens to other cryptocurrencies without the need of undergoing some complicated verification procedures. Furthermore, the exchange won’t impose any limits with regard to daily trading operations and withdrawal amounts. The projects didn’t disclose any information about the conversion fees as of yet.

ICO details

WinWinCoin is having a pre-sale of their tokens with 200 million WWC allocated for sale. As of writing, the project almost reached the softcap of 100000 ETH. It has two hardcaps: the Team hardcap - 50000 ETH and the Jackpot hard cap - 225000 ETH. The price of 1 WWC is 0.005 ETH. WinWinCoin offers both airdrop and bounty programs. Investors will be given an opportunity to sell a part of their tokens during the next stages of ICO for profit. The project didn’t impose any restrictions with regard to participation in the token sale.

Author: Alex Paulson for Crypto-Rating.com