Online gambling is a young and dynamic sector of the digital economy and one of the few digital sectors, where the leadership of European companies has established. In 2017 the Annual Gross Win of the EGBA members (the largest industry association) amounted to 19.6 billion euros with an average forecast growth of 7.8% until 2020. At the same time, according to forecasts of J'son and Partners Consulting, the market of computer games also demonstrates quite attractive figures of the average annual growth in the period of 2016 - 2021 at 5.4%.
CryptoWars platform is a unique multiplayer strategy at the junction of gambling and gaming. Project mission is to blur the line between gambling and gaming projects, providing for players the opportunity of fair fights for money with an interesting gameplay and socializing.
We believe that the classic gambling too much depends on chance and dishonest algorithms that minimize the role of the player in achieving victory. Our unique ability to make the game winning depends only on the actions of the players, while there are no winning combinations and strategies that would make it boring and monotonous. In addition to the fights on CryptoWars platform it is impossible to win through in-game purchases, this would give an advantage to players. Our philosophy is to create an ecosystem with honest intellectual fights, in which a sense of victory is brighter thanks to the cash bet.
Blockchain functional presented inside of game currency CryptoWars Token (hereinafter CWT), allows you to make financial flows more transparent, and also allows players to make bets in cryptocurrencies already established as a currency of worldwide network and embody freedom of choice for the user, which is consistent with our philosophy.
There is no functional team in the classic gambling, that also makes the thrill of victory brighter. In CryptoWars game much attention is paid to team battles. Players may unite in legions with joint treasury and tournaments with higher bets and seasonal rewards.
Marketing Opportunities of CryptoWars:
Technical description of CWT and platforms
CWT is ERC20-compatible token and is developed on the basis Ethereum blockchain. Technical description of the gaming platform The server part (backend) of the gaming platform is written using following technologies:
1. Docker 2. Node.js + TS 3. NestJS 4. TypeORM 5. PostgreSQL 6. Blockchain platforms and payment systems
The front-end part of the gaming platform is written using following technologies:
1. HTML 2. CANVAS 3. React JS 4. Redux 5. Redux-saga 6. Emotion
CryptoWars platform uses the following payment methods:
1. Bitcoin API 2. Ethereum API 3. Credit Card Payment
Functional and legal model of CWT
CWT is a key component of CryptoWars ecosystem and is designed exclusively for access to the platform and payment within the Gaming Commission for participating in a battle against another player. Participation in the battle without paying a commission to the CWT is impossible, that makes token an integral part of the ecosystem and the determining factor of its economy.
Based on the above utilitarian model of the CWT Estonia was chosen by us as the most favorable and crypto-friendly jurisdiction and CryptoWars OU company, on behalf of which CWT are issued and offered, was established.
Legal model of CryptoWars project
Estonia is opened to entrepreneurs from around the world and has a positive attitude to the companies with foreign investments. In addition, Estonia is recognized as one of the most developed countries in the IT field. Estonia is one of the few countries in the world where it is possible to obtain a license to work with cryptocurrencies. CryptoWars OU company issuing tokens received the following licenses for its activities:
«License for providing services of exchanging a virtual currency against a fiat currency.»
This license allows us to provide services of exchanging a virtual currency against a fiat currency and vice versa. Virtual currency, in the understanding of this license is any Digital value that can be transferred, sold or stored digitally and which is recognized as a legal tender by legal entities and individuals, but it is not official legal tender or monetary assets of any country.
«License for providing a virtual currency wallet service.»
This license allows us to provide clients with a virtual wallet, i.e. within such services crypto keys that are used to store or transfer virtual currency are either created or stored for the client.
Details of the Issuing Company:
Name: CryptoWars OÜ Registration code: 14616880 Address: Narva mnt 7-634 Tallinn Harjumaa 10117 Registration date: 29/11/2018 Director: Kisilov Bohdan Olehovych Obtained licenses: (1) Financial services, providing a virtual currency wallet service, (2) Financial services, providing services of exchanging a virtual currency against a fiat currency
Obtained licenses: Financial services, operating as a financial institution.
After the Token Sale is completed, all participants will receive CWT utility tokens, compatible with ERC-20 standard.
The operating company is the main company on behalf of which CryptoWars online game is going to function. Funds raised at the Token Sale will also focus on the company's registration and obtaining the necessary license.
The project plans to register the company in the jurisdiction of Curacao Island. Curacao is a subject that is part of the Netherlands, which significantly increases the level of loyalty of potential players. Licenses for gambling activities are issued on the island since 2002, so there is a rich practice of obtaining such licenses for gambling projects of any level of complexity.
The most significant advantage of the jurisdiction of Curacao is that there is no distribution on the types of gambling - this feature allows you to get a single license for all types of gambling, which will make it possibly to modify and improve the project, without a long process of formal negotiation of each innovation with the regulator.
Term for the license registration in Curacao takes about 4 months. The license can be obtained remotely, without the personal presence. The license is issued by the company authorized by the Gaming Authority of Curacao. There are only three such companies (Master License Holder) in Curacao:
Antillephone NV, Gaming Curacao NV, Curacao Interactive Licensing NV
For starting the process of obtaining a license, you need to register a company in a special economic zone (E-Zone) and the Chamber of Commerce of Curacao and to get a license for it.
The company shall have at least one director (individual or legal entity, resident of Curacao), as well as the local agent (who will be engaged in Curacao company management).
To obtain a license you need to get RNG certificate necessarily, in addition to the registration of the company and the placement of program code and databases within Curacao.
This certificate is issued by specially authorized company and confirms that the random number generator used in the project base truly shows random numbers, and not artificially overestimates / underestimates the probability of winning / losing.
After receiving all the necessary documents, the list of which is unique to each individual case, the company with Master License, issues a license to the applicant company to conduct gambling activities.
It should be clarified that the tax bet of all companies registered in Curacao conducting gambling is 2% of the net profit of the company. Moreover, there is no VAT or sales tax in this jurisdiction.
Since the implementation of the planned activities will require registration of two companies, namely the issuing company and the operating company, which will directly implement the project, the following table summarizes information on the corporate structure of companies for simplicity.
The issuing company, CryptoWars OU, registered in Estonia performs the primary fund-raising during the Token Sale. The issuing company is the parent company of the operating company and is expected to be its 100% shareholder.
The operating company planned for registration, Administers CryptoWar online game. Mobile applications and Demo Game administration company.
Demo version launch, IEO announcement - 06.25.2019
IEO, Full version pre-registration - In period from 07.14.2019 to 08.04.2019
Full version launch - In period from 08.10.2019 to 09.05.2019
First offline seasonal tournament - In period from 11.21.2019 to 11.31.2019
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.