Faireum

By creating a new blockchain and a set of protocols with custom features to meet online gambling requirements, Faireum introduces a platform that is trustful, borderless, secure, and fast for blockchain-powered online gambling.

PROS:

• The Faireum gambling platform runs on top of Faireum blockchain and its protocols, to support a new generation of gambling DApp compatible with all of the WASM blockchain contracts written by high-level programming languages to deliver a wide range of fair game content from an open developer marketplace.
• A lottery on the Faireum platform is exclusively based on a smart contract, which can involve the Oracle service. Based on different types of lottery games, Faireum can provide users with blockchain lottery games with a maximum RTP (Real-time Transport Protocol) of 100%. Faireum's official gaming platform will also launch various types of blockchain lottery games based on Faireum and provide a completely transparent lottery mechanism.
• Faireum provides a sports betting facility without a bookmaker, which acts more as a betting exchange. Many bettors are unaware of the opportunities of trading with betting exchanges rather than with bookmakers. A betting exchange, apart from offering more opportunity for a bettor to trade their position, provides more value and more flexibility by allowing bettors to set their own RTP.
• The Faireum Blockchain provides a B2B solution for all online/offline Casinos with chips and cash management. Together with Faireum token, FairCash and all coin-related protocols, the Faireum Blockchain provides a very flexible way to manage credit, score and coins. All of the business processes and related data will be recorded onto the ledger of blockchain where it will provide full transparency for the core business logic of casino.
• More and more players being attracted to gaming thanks to the huge promotion of the Freemium model. Freemium is a business model where the majority of users are provided with the basic services for free, while a small portion of users consume advanced (premium) services for a fee. The Freemium model helps the rapid expansion of the user base of services and assists in attracting large numbers of premium customers.
• Faireum solves the two biggest issues in the online gambling industry related to money laundering and tax avoidance. The Faireum blockchain-based gaming network proposes a fair and transparent ecosystem, but also a legal environment that can be regulated.
• The Faireum concept is one-of-a-kind in that it features a unique technology, called RCM (Rewarding by Contributing Model), which will reward contributors through a token reward mechanism.
• Faireum token can be used to play games, pay for services or reward contributors. Faireum will define a standard fiat currency protocol for FairCash that is separated from the instant, encrypted payment channels that Banks provide. FairCash in Faireum will not be issued out of thin air, and all FairCash in Faireum ecology will be supported by the capital pool of Faireum token reserved by Faireum and the income generated in Faireum blockchain network operation.

CONS:

• A transfer fee will be charged for player betting and there will be some charges if developers make profits in the games. Users, including business entities, need to pay a network fee to the nodes to use any service on the Faireum platform. An amount of fees is unknown.
• Faireum is still in the development phase and is not a finished product that is ready to be released at any time.
• The platform does not provide any guarantee regarding the value of FairCash, or its stability.

SUGGESTIONS:

• Provide clear information about the amount of charges for corresponding services.
• Develop and improve the Faireum concept to make the project competitive and successful.
• Provide token holders with warranties associated with the value of the FairCash token.

NOTE:

Faireum is the next generation ecosystem. Faireum provides third-party developers with a completely trusted and decentralized blockchain gaming operation mode and improves users' gaming experience with this mode. By building on top of existing frameworks of the blockchain assets protocols, our applications will be able to be deployed in a peer-to-peer environment, with complete fairness, transparency and visibility. I believe Faireum is revolutionary and can change everyone’s expectations of how fair and fast applications and gaming can be. That is why I would like to invest in it.