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.
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.
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 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.
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.
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.
|Start||April 15, 2019|
|End||July 15, 2019|
I could agree with the rest of the commentators that WinWinCoin has set itself an ultra-ambitious goal, though it is not unachievable. They only need to partner up with several globally renowned casinos to get things going. Once the gamblers find out that there is a token that eliminates most of their problems, they queue up to get some WWC. They just need to see the evidence of the viability of the WinEx exchange and the accompanying network. However, I would refrain from investing in WinWinCoin before reassuring myself that they are not scammers.
The guys from WinWinCoin are a bit delusional about their goals, or they deliberately try to lure the gullible investors into a trap. My biggest question to them is how are they going to ensure the liquidity of the WinEx exchange given their intention to provide for unlimited withdrawals? I think that is a straight invitation for various money-laundering schemes. All these Jackpots are just an attempt to pull the wool over investors’ eyes.
WinWinCoin addresses all the right problems in this industry. We, the players, stand to gain a lot from the implementation of blockchain and tokens on gambling platforms because it creates a safe environment, provides a sufficient degree of anonymity, and expedites all financial transactions. I like their Jackpot feature, it is a good marketing move. The fact that WinWinCoin developed a bespoke exchange signifies their strive towards meeting the players’ needs.
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