Blockchain-based betting ecosystem PROOF OF TOSS has launched its referral program and is getting ready to demonstrate the beta-version of the platform. Users will have a chance to test the MVP during the token sale which is planned to begin on 24th April 2018. Right here, in this article, you can see the samples of platform interface.
PROOF OF TOSS is a betting ecosystem, that is aimed to disrupt the traditional betting industry and improve the user experience.
The protocol consists of two solutions:
A peer-to-peer platform, where end-users will be able to create wagers, bet, and judge A white-label open source solution for operating companies to supply events on any scale.
Everything on the platform is embedded in the logic of smart contracts, powered by the promising RSK blockchain, which has recently released its main net. By utilising RSK, PROOF OF TOSS will provide:
transparency immutability protection from fraudulent activities great market coverage possibility to bet on anything Minimum viable product and interface examples
The peer-to-peer solution is a fully functional decentralized platform, where users can create wagers, place bets and act as judges in the distributed crowd judging mechanism. In both solutions, there is a system of deposits, which protects users from fraud.
The MVP will be ready for testing after the start of the token sale. All token buyers will have a chance to try betting with TOSS tokens, and compete against each other.
“We want users to get to know the system during our token sale. Wagers will be very small as this is just a demonstration for users, an opportunity to test the real product as soon as possible.” — Eugene Pavlenko, the PROOF OF TOSS CTO.
Here are some examples of the platform’s user interface
Creating an Event
The team is currently developing a PROOF OF TOSS crypto wallet based on RSK. The wallet that is built into the system provides users with full control over their funds. Funds move from wallet to smart contract to wallet and thus cannot be hijacked, delayed or stolen by a third party.
This is how the PROOF OF TOSS crypto wallet will look like.
TOSS is a utility token of the ecosystem, used to create wagers, place bets, vote, make deposits and provide collateral, and most importantly receive prizes and rewards. Tokenization, in general, provides betting with many advantages, such as faster transactions and guarantee of fair results. Also, tokens help scale the system and reduce the risk of server crashes and other technical failures.
In PROOF OF TOSS, a minimum of 1 billion TOSS tokens will be released if the hard cap is reached. This is the necessary amount to cover the average weekly turnover.
Unsold tokens are often burned after the token sale, which allows the owners to control the supply of their tokens. But in PROOF OF TOSS, there will not be such thing as “unsold tokens.” All tokens will be minted according to each individual purchase including bonuses, during the token sale.
Tokens will be distributed as follows
TOSS token holder benefits
All TOSS token holders will get the following benefits:
Access to the smart betting ecosystem from all over the world High speed of transactions Instant payouts Secure betting environment Several roles within the PROOF OF TOSS ecosystem Full control over their TOSS tokens with the PROOF OF TOSS wallet How to purchase TOSS tokens
Currently, the PROOF OF TOSS ecosystem is under development, and the team is getting ready