TOSS token is more attractive in the long-term perspective than in the short-term one. There are some questions regarding the development process; plus, the project is at an early stage and depends on external factors. At the same time, Proof of Toss has a high scalability potential and should have no problems entering the betting market.
We find the Proof of Toss project promising and relevant for the gambling industry in general and the betting segment in particular. It is attractive due to the fact that it is infrastructure-oriented and aims to actually change the betting industry for the better as a result. We think there are two main risks, already outlined in the previous section. The first one is the fact that the platform depends on RSK contracts, i.e. there is an external risk that determines the project’s overall success. Such an approach is associated with some risks a priori; however these risks are not very high as RSK is likely to be successfully released.
The second risk is more significant and is connected with bookmakers’ attitudes towards the project. Currently, it is not clear whether large players would be willing to join the new platform. At the moment, many bookmakers are looking into cryptocurrencies, inter alia as a means to reduce payment systems’ operating costs. However, not every bookmaker would want to adopt smart contracts. As such, Proof of Toss’s most important milestone is attracting a large, established bookmaker.
As strange as it may seem, Proof of Toss has almost no problems in terms of the competitive environment. Successful positioning of the project allows it to stand out among many other similar projects. Many solutions either try to adopt blockchain to become bookmakers, or get too involved in forecasting. Proof of Toss, with its B2B platform and betting infrastructure is, so to say, in a league of its own.
