A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, BetGil is comprised of a two-part business and revenue model. BetGil will combine a revenue stream from RedSoft Online Gaming and Entertainment sites as well as GilPay a money transfer and payment gateway.
"The blockchain itself is already seen as a potentially valuable tool in today’s gaming world as it can provide a decentralized asset exchange, verifiable scarcity of virtual objects and collectibles, fast and secure payment networks, and an ability for developers to monetize their creations properly.
Gaming assets are almost as important and valuable as tangible assets, the blockchain offers discernible proof of provenance of specific virtual items. Moreover, the digital tokens from blockchains add huge payment benefits, especially useful for esports, creating native in-game tokens and driving seamless transactions on decentralized exchanges.
But, blockchain is no longer just a tool for the gaming industry to utilize and incorporate, it has also become a market unto itself with several companies actively pursuing the creation of high-end gaming experiences based on a blockchain backbone."
With that being said, BetGil will deploy the smart contract in terms of random number generation, payment systems and the likes with the help of the blockchain technology.
Now that I have your attention, let’s get right to it.
What exactly is BETGIL?
As depicted above and as indicated on the official website of Betgil, Betgil is comprised of a two-part business and revenue model. BetGil will combine a revenue stream from RedSoft Online Gaming and Entertainment sites as well as GilPay a money transfer and payment gateway.
In addition, BETGIL is set to create a revolution in the online gambling industry. Our aim is to create a platform that creates an innate trust in a potentially corrupt system for one to win a game (players’ view), get rewarded (developers’ view), and fair gambling (the service providers’ view) through a decentralized system is replaced by smart contracts through blockchain semantics in a reliable, borderless, secure, and fast online gambling system that benefits all.
RedSoft is a white labeling iGaming solutions turnkey platform for anyone looking to start their own online gaming site. RedSoft has been established and operating since 2014 with a gaming license from Curacao. This service operates under the License No. 8048/JAZ, authorized and regulated by the government of Curacao. Since then RedSoft has currently over 1,000,000+ users and has done over $200,000,000 USD in bets. Gilpay plans to be accepted in hundreds of online stores and operate a secure payment platform. By participating in the Crypto Revolution, Gilpay intends to offer crypto-based payment cards and crypto payment processing.
BetGil Product Architecture
PSP Smart Contract
P2P Smart Contract-Based Gaming, but that which is customized to suit the online gambling industry in a way that will simultaneously service third party online gambling developers, and the end-users (players).
Texas Poker Architecture
On the BetGil platform, third-party developers can as well run through a smart contract with us after the ICO to launch their blockchain-based Poker Texas online gambling platform. Third-party developers will not be the only people to benefit from this Poker Texas gaming platform. End users such as players would also benefit rom this after the ICO when we have fully gained the online gambling license from various authorities and governments, which is currently in process.
Sports Betting Game Architecture
With the BetGil online gambling system, players would also have the ability to get involved with or play a range of sports betting game on existing platforms. Platforms such as Bet365, William Hill, BetFair are the ones players can get on with on our platform. Although we are still in the process of getting our license where players would have to play on the BetGil platform directly
Other Game Architecture
On the BetGil platform, we will not be limited to the above number of games. Other games are still in the development process, and their architecture will be made public as soon as they are released. What we want is a transparent and reliable gaming architecture included in all our games.
User Game Flows
With BetGil, you would enjoy the seamless flow of gaming activity without the usual disruption. With our concept, you only need to browse the game you want, choose it, activate your wallet on it, make a deposit (through a smart contract in seconds), play and end game, then withdraw your funds to your wallet anonymously.
Jackpot Slot Machine Architecture
The fiat-based jackpot slot machine is often referred to a s the one-armed machine because one lever often operates them. This makes it possible to exert influence on the game outcome leaving the player impoverished. But with the BetGil system, you play on an open source code platform, where all your wins are added to the Jackpot.
GilPay Payment Provider
Gilpay plans to be accepted in hundreds of online stores and operate a secure payment platform. Everything you need in your smartphone: payments, transfers, currency exchange, instant loans. The goal - replace your bank
No limits on transaction volume
ApplePay, SamsungPay, AndroidPay, QR code
Contactless payments options
Integration with third-party payment wallets or services
Instant payments in fiat money
GilPay abides banking regulations of all countries and other regulations such as local and international laws. Moreover, it never discloses a customer’s personal information or financial data to third parties. GilPay ensures a high level of safety and security while transferring money either from debit or credit card to enjoy online gaming of RedSoft. It is a secure, peer to peer (P2P) foreign currency exchange platform which is powered by Ethereum Blockchain technology for easy international money transfer. It cuts down middlemen, banks and other third-party agencies thus allowing participants to have direct contact while exchanging money. The utmost feature and key purpose of GilPay are to empower RedSoft customers to do the transaction with BetGil Token through GilPay Platform and also allow customers to do everyday transactions such as payment of bills, transferring money to friends and families and many.
GilPay also has GilPay eWallet which plays a crucial role for BetGil Coins Platform allowing its participants to purchase, sell, receive and exchange the BetGil coins in a secure way with real-time transaction lists and exchange history. GilPay also has a plan to introduce Gilpay card to integrate with BetGil coin and existing financial system for confidential secure transaction all over the world and earning cash directly into GilPay eWallet. BetGil coin along with GilPay eWallet and GilPay card with set a revolution in the cryptocurrency market by allowing instant access across the globe.
About The BetGil Business Model
The main objective behind BetGil Platform is to offer players/gamblers/user a new platform to experience an unbiased environment, 100% free transaction, securing the details of the participants through cutting edge technology called Blockchain which allows users to play anonymously and ensures safety. The business model is of 5 sections which are as follows;
64.0% Locked for Platform
Distribution of Funds
Start: April 1, 2019, Monday 11:00AM (GMT)
Soft cap: $ 2m
Hard cap: $ 50mToken
BetGilExchange Rate: 1 BetGil = $0.20 USD
Project Protocol: ERC20
BetGil Token Contract Address: 0x804d39d89d0637f94a11b6a13c92176bf8aeca34
Total Supply: 800,000,000 BETGIL
Jackpot Slot Machine Launches ICO-Start Mobile Wallet Roulette ICO End
Go to the Exchange Block Explorer market, Support Esport Internal Exchange SportBet Update Tennis, Basketball
Launch of the 3rd Platform
Launch the SportBet Poker Launch Betting In Match
Quarter 4, 2019
Game Update ColdStorage P2P Sports Bet Wallet support
Registration Blockchain Whitelist Launches Web Wallet Launches Pre-ICO Statistical Network Statistics
Launch of the SportBet Pre-Match, starting the Live casino
Launch of the Pre-ICO Starting Slot Machine
MEET THE AMAZING TEAM
VP Business Development
VP SUPPORT & COMMUNICATION
VP Strategic Development
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Official Website: www.betgil.io
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5147810
Bitcoinalk BOUNTY: https://bitcointalk.org/index.php?topic=5147848
Official BetGil Telegram Channel: https://t.me/betgilofficial
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.