Idea and Token
Gamblica is a transparent online blockchain-based gambling platform with random mechanisms based on cryptographic hash algorithm and smart contracts. It allows users to verify all transactions and review the RND algorithm of any bet or game.
The global gambling market is currently experiencing rapid growth (CAGR 9% which is 3 times faster than the global GDP).
Gamblica covers every gambling activity, including online casino games, sports betting, and poker.
Implementation of blockchain technology into the online gambling industry will allow for building an absolutely transparent system. The outcome of each individual bet, spin, or the next played card is random and is determined by using a multi-factor model of random number generation, where the final value is determined on the basis of several input parameters.
The GMBC token is an internal currency of the Gamblica platform, which is used for betting in all Gamblica games and sports betting. Besides, the platform’s additional premium services can be purchased with GMBC tokens only. The token is deeply integrated into the system to ensure the maximum turnover, since the value of any cryptocurrency increases exponentially with the number of agents using it.
The economy of the token is based on the imputed commission of various games, a bookmaker commission for accepting bets on various outcomes of a sports event, or a poker “buying in” fee.
The business model of a casino is based on the fact that a player’s probability of winning is lower than that of a casino (in red and black betting, there are 18 winning pockets for players against 19 for a casino; slot machines have a return-to-player value of 95%, 5% goes to a casino). That is why, in a long-term perspective, Gamblica makes profit.
LinkedIn profile of Gamblica consists of 16 young persons. We checked them and couldn’t find previous huge experience in gambling. On the other hand, the main technology stack of Gamblica is around the blockchain technology, and we are sure that the team skills will allow them to implement all planned.
Several countries have monopoly on gambling, several ones restrict even popularization and advertising them in any form. It should be taken into consideration because it’s the main law risk and barrier for scaling and legal expansion of Gamblica worldwide.
Gamblica is an interesting project and a bold attempt to create a fair gambling platform working without humans. This platform is free from traditional problems such as fraudulent behavior of some operators, account blocking, poor personal data protection. Blockchain, smart contracts, strong mathematics and cryptographic algorithms provide required quality level, trust and transparency.
According to the Roadmap, the launch of the first part of the platform (casino) is planned for September 2018. Other modules (a poker room and betting platform) will be launched in June and December 2019 correspondingly. Unfortunately, there is no beta or prototype yet, therefore this fact has decreased the aggregated rating value.
Also, we would like to emphasize high quality of the ICO documents and accompanying stuff. Their active Telegram channel demonstrates strong interest of the community.
Gamblica – transparent online blockchain-based gambling platform with random mechanisms based on cryptographic hash algorithm and smart contracts.
Gamblica ICO datesexport to calend
Gamblica is an international gambling platform based on innovative digital solutions and blockchain technology.
The main advantage of our casino is the transparency of random number generation system, which can assure players of the fairness of a game’s outcome. A random number is calculated by the RSA cryptographic algorithm, based on one-way hash functions. To generate a random number, several parameters are used as input data for the function. This multi-factor model is much more reliable than single-factor models used in similar projects, due to the increased security of the protocol against being compromised by the third party.