PROOF OF TOSS – A Smart Betting Ecosystem
Blockchain technology is a transparent digital ledger of transactions and records that are immune to change or deletion. Offering additional traits of increased security, lower costs, time efficiency, and error resistance, blockchain has risen, fluctuated in 2017. The utility of blockchain technology is limitless, sparking the growing list of companies, industries, and government exploring its potential adoption. The blockchain is an immutable public ledger that records digital transactions.
ABOUT PROOF OF TOSS
Proof of toss is a decentralized betting system based on blockchain technology and smart contract. It creates new opportunities for both peer to peer and bookmarks by enabling them perform on or more roles such as create wages, bet on various outcomes and/or verify the outcomes of an event. The platform aims to solve the many challenges associated with gambling listed above. It is created for both players and market operators to have the opportunity to earn as much as they can, eliminating third parties , fraudulent activities and most importantly reducing cost of transaction; it’s a win-win for all. PROOF OF TOSS is aimed at improving the experience for all market “players” by solving the following problems:
Fraudulent activities and lack of trust
Long verification processes
Reliance on centralized systems
Lack of control over personal funds
PROOF OF TOSS ECOSYSTEM
The ecosystem is aimed at offering new opportunities for both the P2P and bookmakers. All parties engaging with the ecosystem will be able to do one or more of the following – create wagers, bet on various outcomes and/or verify the outcome of an event. The system will allocate funds automatically and instantly through the use of smart contracts, eliminating third parties, fraudulent activities and significantly reducing transactional costs.
Transparency of all transactions:
Leveraging blockchain technology we have reached a maximum level of transparency for all transactions within the ecosystem. Every user will be able to monitor all payments, payouts and other transactions himself.
Control over personal funds with one Wallet:
Users never lose control over their funds. Funds move from Wallet to Smart Contract to Wallet. Making payments, deposits and withdrowals instant and under full control of the user.
Various roles:
We provide vast opportunities to win for all our users. A user can either create a Wager, place a Bet or join the DCJ as a Judge. Users can only take on one role at a time. However, our token holders are not restricted from having multiple wallets.
Irreversible transactions and high level of responsibility of all users:
What goes on the blockchain stays on the blockchain. We believe that the inability to revert or change a transaction after it is written into the smart contract and published on the blockchain will increasethe level of responsibility for all the Users of the ecosystem.
Fair results:
We are using the wisdom of the crowd in all our Judging and Challenge mechanisms. Employing the “prisoner’s dilemma” with clear risk and reward for any action taken by the crowd and relying on our random number generator to select Judges we ensure that every decision will be right and true, if such decision is unreachable the Wager is cancelled and players immediately receive a full refund.
No terminations of service:
The PROOF OF TOSS ecosystem is fully decentralized in terms of funds ownership. Each user retains full control over their wallet and therefore will always retain their right to access and interact with the ecosystem.
Equal opportunity:
The User’s role in the ecosystem is flexible, Users may switch roles at their own desire. The rules of use are strictly embedded in Smart Contracts, therefore all users are treated equally. The platform is not storing user’s personal data and no financial data is required to start betting.
Pseudonymity:
The PROOF OF TOSS ecosystem holds no personal information about users. Users are only exposing their identity when they purchase or sell tokens on a third party marketplace that requires KYC verification. All transactions are irreversible and transparent therefore the identity and transactions of a user could be reverse engineered. Once on the platform, you don’t need to prove your identity or present any personal data. We are required to collect KYC data during our Token Sale, however, that nformation will only be stored to verify users and is required by regulatory bodies.
High speed of transactions:
PROOF OF TOSS is developed on RSK’s smart contracts which are built as a side-chain of the Bitcoin Blockchain. This provides us with the opportunity to leverage great transactional speeds of 100 transactions per second and reduce costs.
OBJECTIVES OF PROOF OF TOSS
• To improve betting in the new era.
• Increase opportunities for people within the betting industry.
• To develop an easy to use, technologically advanced tool.
• Bring new users to the world of blockchain and cryptocurrencies.
ADAVNTAGES OF PROOF OF TOSS FOR USERS
• Transparency of all transactions
• Control over personal funds with one wallet
• Various roles
• Irreversible transactions and high level of responsibility of all users
• Fair results
• No termination of service
• Equal opportunity
• Pseudonymity
• High speed of transactions
ADVANTAGES OF PROOF OF TOSS FOR BOOKMAKERS AND SPORTSBOOK SUPPLIERS
• Increase profit margin by eliminating transactional costs
• Increase market coverage
• Increase scope of events
• Develop trust
• Have the ability to provide better odds
• Face no chargebacks
• Increase liquidity
• Leverage unprecedented accessibility
• Stay ahead of their competition
TOKEN AND ICO DETAILS
There will total of 1 billion TOSS. The soft cap has been set at 8,500 ETH while the hard cap is at 71,500 ETH.
1 TOSS = 0.00004 ETH
Min buy during public sale 0.071 ETH
You can get your TOSS Tokens here https://sale.toss.pro/register/
ROADMAP AND DEVELOPMENT PERSPECTIVE
Above you can see the roadmap — how the team sees their nearest and long-term future.
TEAM MEMBERS AND ADVISORY MEMBERS TO THE PROJECT
Team seems to be the strongest part of this project. It consists of innovative and talented people. Of course I cannot complain if we talk about their professional level, guys indeed are experts on their field.
The mission of Proof of Toss is the creation of a functional ecosystem for smart rates based on honest and transparent processes, and the reliability of the system. Be a part of this tremendous project and follow these links for more information;
Website : https://toss.pro/
Twitter : https://twitter.com/proof_of_toss
Facebook: https://www.facebook.com/ProofOfToss
Telegram : https://t.me/proofoftoss
Author
nugezmils
BITCOINTALK PROFILE
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