If you want to gamble, do it wisely. There are plenty of casinos that accept crypto deposits as is a secure way to transfer assets and avoid fraud and high bank fees. Crypto won’t help you hit the jackpot but thanks to blockchain, there is a way to know for certain what your chances are to win.
FairPlay is a licensed casino that utilizes the blockchain-based Honesty Control system.
The casino accepts deposits in ten different cryptocurrencies and all gaming stats are published to smart contracts. This secures all transactions and makes it possible to know the real payout rate of every game.
The team behind FairPlay has revealed that they publish and store every gaming transaction to Ethereum smart contracts. With all of this data in hand, the system generates a payout rate for every game.
This rate is calculated by dividing the total amount of wins for a game by the total amount all of the bets made in that same game.
For example, if players collectively wagered 100 BTC on a game and won 80 BTC, the payout percentage is 80% (80 / 100 = 0.80 or 80%).
The gaming data – as well as the casino’s balance – is publicly available in any blockchain explorer.
Additionally, FairPlay publishes the payout percentage on its website so that players can quickly check games and choose the one that is right for them.
Deposits are automatically converted to FairPlay’s native TPLAY token, which players use to make their bets.
The TPLAY token was released by the TruePlay platform as a secure token for gaming transactions. TPLAY is stored in the player’s TruePlay wallet, which is automatically created upon registration.
When a player is ready to withdraw their winnings, FairPlay automatically converts his or her TPLAY token balance to the desired cryptocurrency.
Last month, one of the players at FairPlay won and received approximately 58 ETH, which can be proven and verified by looking at the relevant transactions in the casino’s smart contract.
The casino’s balance is always publicly available on the blockchain as well. Right now, that balance is roughly 3681 ETH or $1.14 million at current prices.
FairPlay is a blockchain casino that runs on TruePlay technologies. TruePlay provides a B2B platform and offers a transparent and honest business model for all parties: players, affiliates, and game providers alike.
The TruePlay affiliate program is one of the most powerful features of the platform. It is the first affiliate program that can actually prove its revenue share with data published in smart contracts.
Right now, new partners are being welcomed with 60% revshare – one of the highest in the industry.