WINSTARS

Winstars is a decentralized gaming platform with a catalog of gambling resources, the core is built on Blockchain and smart contracts.

The goal of the project is to create an international, absolutely transparent gambling operator built on the basis of Ethereum, with the ability to check the history of each bet and game, with attractive affiliate program and the best opportunities to earn on the gambling market.

OVERVIEW OF THE GAMBLING MARKET

Rapid growth of gambling market is noted nowadays. According to the study carried out by PricewaterhouseCoopers Consulting Company, the industry’s average earnings growth rate for the last 7 years has been 9 per cent, which is thrice as high as the global GDP growth rate.
Global gambling earnings are growing rapidly and, according to PwC estimate, have amounted to USD 217 billion.
The tendency will remain until 2012, which is fostered by such trends as
implementation of IT-technologies, economic growth in developing countries, increase in real income of the population, as well as liberalization of gambling restrictions in some countries.
With the progression of Internet connectivity hundreds of millions of players worldwide with no access to gambling have got the possibility to play in a casino, play poker without leaving home. Mobile devices have enabled casino users to make bets practically from any point with the access to Internet. 1.6 billion people worldwide play gambling games at least once a year.

Online gambling market can be referred to as the most promising segment of online gaming business. Online gambling share in online gaming market has increased to 72 per cent for the last 8 years and the average growth rate has made 9.1 per cent.
Such growth rates can be explained by strategic advantages over traditional business practices: lower operational costs for maintenance of casino online services, acceptance of bets and poker rooms, as well as reduction of transaction costs for operation in the web.
Using of Internet web would unlock the possibility to offer a wider range of services, thus creating the possibility to cover and attract different types of gamers who prefer different kinds of gambling games including poker, casino, and gambling machines. Earnings of such giants of the segment as Bet365 and William Hill amount to billions of dollars a year and are equal to 2.3 and 1.6 billion correspondingly.

An important role is also played by the online poker with a year-to-year income over USD 4 billion, with the industry leader’s income (PokerStars), having numerous negative feedback, being over USD 1.5 billion.
Company’s expansion to new markets is an important stage of scaling, attracting of different groups of players.
Experts name a number of advantages of online gambling operator business model over the traditional gambling operator business model.

Main trends and advantages of online gambling industry:

• Classic casinos and offline sport bet offices can interact only with local clients as well as tourists arriving to the corresponding city. Online business practices allow scaling and rendering of services globally;

• Operational costs for serving online gambling operator and its activities are significantly lower than the ones for offline casino, resulting in increasing of financial indicators such as ROI and ROE;

• Scalability. Online operator can provide the possibility to play for several thousands of players worldwide. In classic casinos and sport bet offices the number of visitors is limited by the number of seats at the gaming tables;

• Convenience and comfort. To make a bet a client does not have to visit casino anymore.
All is needed now is a PC or a mobile device, a tablet with access to Internet. A gamer can play at the real tables watching the live-streamed game thanks to the web-camera;

• Bureaucratic optimisation. Online gambling operator has no need in interacting with a large number of state authorities and private organizations.

ADVANTAGES OF WINSTARS PROJECT

Thanks to Blockchain technology integration into the operation model of the international online operator, along with an extensive experience in gambling industry, the platform has a number of advantages which solve the mistrust and information asymmetry issues, offers the players worldwide the possibility to make a bet without a risk of their funds blocking.

Comparative advantages of Wins

• Absence of financial borders and hidden transaction commissions:

Using of crypto currency for payments and integration of the in-system token eliminates the need of bureaucratic formalization, reduces transaction time and commission amount, as well as offers high liquidity of funds and the possibility to effect transfers all over the world;

• The project team is composed of the professionals having the experience in management of real projects in the traditional gambling industry. The symbiosis of experience and skills would allow obtaining a proper strategy management;

• Decentralization of the system and warranty of win pay-off:

Using of a decentralized system neutralized the risk of account blocking, client’s funds freezing and long-time waiting of the confirmation upon the application for withdrawal of funds to the client’s third party wallet;

• Possibility to check the casino’s fairness and the dealing of the next card:

Blockchain registry´s public nature and public nature of transactions allows creating a system where every player can assure oneself that the platform is fair.

• Scaling and the possibility to attract new clients:

Online casino systems allow serving additional players without additional costs, while blockchain allows project implementation without limits and acceptance of payments from all over the world. The only limits are related to Ethereum Blockchain data throughput.

• Ability to make bets for users with minimal budget to start the game and test the system´s functionality.

Competitive ecosystem and its comparison with other industry