Featured – The trustless and transparent nature of blockchain technology has proven to be a game-changer for the iGaming industry. Perhaps the biggest fear among online players is the fear of getting cheated or manipulated. This is especially true when it comes to online casinos. Moreover, there is a constant worry that games are manipulated as the odds are skewed in favor of casinos.
Considering these challenges, the emerging blockchain technology has everything to become the much-needed solution. And here’s where the FairPlay casino comes into the picture.
FairPlay is a licensed casino that has implemented an Honesty Control solution based on blockchain technology.
Introduction to FairPlay Casino
FairPlay is a licensed blockchain casino which publishes and stores available gaming statistics in smart contracts. As such, these stats are publicly available and all transactions carried out at the casino can be verified through the blockchain explorer.
This is intended to provide a solution to one of the most challenging issues that players tend to face when playing at online casinos – the lack of transparency.
Additionally, FairPlay’s blockchain-based capabilities provide transparency not only for players but for all participants of its ecosystem, including affiliates and game providers. Users are able to check the amount of their bets, winnings, and losses in a convenient blockchain explorer. They can also calculate the payout percentage, which provides a serious edge.
The Concept of Decentralized Gambling
In order to ensure players’ trust, FairPlay uses the TruePlay software which leverages blockchain technology to eliminate possibilities of hacking and altering game results. The software uses hashing to store game data on blockchain and make sure that nobody can manipulate the system. The data can be tracked on the blockchain explorer and, also, the casino website where recent bets, wins, losses, deposits, and withdrawals are displayed.
Thanks to blockchain technology, the casino players also benefit from secure, fast, transparent, and cheaper transactions.
Cryptocurrency Deposits and Withdrawals: TPLAY Token
FairPlay allows its users to make deposits in various cryptocurrencies by simply transferring funds to a designated wallet. This process takes no more than a few minutes.
The list of accepted coins on FairPlay.io includes Bitcoin, Ethereum, Ethereum Classic, Litecoin, Tether USDT, Cardano, Tron, Dash, Zcash, and Bitcoin Cash SV. As you can see, these are some of the most popular large-cap cryptocurrencies.
Players can deposit and withdraw funds using any of them but all bets at the casino are made in TPLAY tokens.
Based on the ERC-20 standard, the TPLAY token is released by the TruePlay platform as a secure token for gaming transactions that could be easily saved and monitored on blockchain.
Once a player makes a deposit in cryptocurrency, FairPlay converts it to TPLAY tokens automatically. The ratio is 1000 TPLAY tokens = 1 ETH. When a withdrawal is requested, the casino once again automatically converts TPLAY tokens back to a designated cryptocurrency and transfers the funds to a selected wallet.
It’s also important to note that deposits in Bitcoin and Ethereum have no limits applied. However, newly added coins have minimum deposit requirements. For example, the limit for Cardano is 490 ADA (as of writing this), while the limit for Tether is 40 USDT.
The deposit process is fairly straightforward and takes three basic steps. First, you need to create a wallet for your preferred cryptocurrency. Then, you have to purchase that crypto. And finally, you have to send it to your FairPlay address. It’s as simple as that.
Reputable Gaming Providers and Welcome Bonuses
In addition to providing high-quality blockchain-based services, FairPlay also seems to recognize the importance of a broad portfolio of different games. As such, the casino receives its games from some of the most reputable providers in the iGaming industry, including but not limited to iSoftBet, MicroGaming, Play ‘n’ Go, Playson, PG Soft, and Spinomenal.
With that said, there is a broad range of different games available at the casino such as Slots, Roulette, Card Games, Video Poker, and even a lottery. Some of the available slots include Down the Pub, Warlords, Gold Rush, Odysseus, Space Lights, Fruits of the Nile, Fireworks Master, and so forth. As for card games, users can enjoy different varieties of Black Jack, Poker, Baccarat, and Progressive Red Dog.
Additionally, the casino has regular promotions available for new players. At the time of this writing, every new player receives 30 free spins on a selected game. All the users have to do is go through the registration process.
FairPlay appears to be a well-made online casino which implemented blockchain technology to get rid of issues stemming from the lack of verifiability and transparency.
The casino offers a wide range of games and accepts multiple cryptocurrencies.
The overall appeal seems appropriate as new players are stimulated to join the platform by both welcoming bonuses and a wide variety of games.
The post FairPlay: Traceable Casino Experience on Blockchain appeared first on CryptoPotato.