Betting in a casino is one of the favorite sources of an adrenaline rush for many. Ever since the internet became mainstream, a lot of casinos moved their algorithms online. Fairplay is a blockchain based Casino that operates on top of TruePlay. TruePlay is built on the Ethereum platform, and ERC-20 TPLAY tokens were released on it.
Recently, a player on the online Casino, fortunately, won a staggering $14500 bet. The winnings can be verified on the Blockchain. He won 58,0000 TPLAY which corresponds to 58 ETH since 1 ETH equals 1000 TPLAY tokens.
TPLAY tokens are similar to real chips in a Casino. Deposits and withdrawal on the platform are executed only in cryptocurrencies. The cryptocurrencies currently accepted at FairPlay are Bitcoin, Ethereum, Litecoin, Tether, Cardano, Tron, Dash, ETH Classic, Zcash, Bitcoin Cash SV. The balance of the casino can be verified here.
The USP of Fairplay platform is the transparency offered, which enables any user to verify the gaming data on the Ethereum smart contract at any point. They have procured the online gambling license from Curacao gaming. The integration with Blockchain enables them to offer game stats, winning percentages, and other relevant data about the Casino on demand.
The team behind FairPlay says, “As we see it, blockchain is the only way to make gambling transparent for all members of the industry. Most importantly, players can check our smart contracts at any time on Etherscan and know the real payout rate for any game provided on the website. For that matter, affiliate partners can also check payout shares in blockchain that secures and prevent any fraud.”
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Nivesh from Engineering Background is a full-time Crypto Journalist at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com