What is Proof of TOSS?
We are taking a stab at a 60-billion betting industry. Our blockchain-based protocol for betting, will set a new standard for the industry of betting. A peer-to-peer solution that is a fully functional and decentralised platform, good for any type of event. All wager exists in the form of smart-contracts, that protect players with their immutable rules.
Why does Proof of TOSS exist?
Token holders can choose a role they want to play in the platform, create wagers, bet within wagers created by others or resolve disputes and determine results as judges of the platform, and earn tokens form any role they chose. With our open source solution we provide professional betting operators with the infrastructure they need to implement blockchain technologies into their existing business models.
Using the TOSS protocol allows bookmakers decrease transaction costs, avoid chargebacks, provide better odds and earn more. We’ve been successfully operating a bookmaker company for years now, we know the industry inside and out. Blockchain is the perfect solution to heal all the betting industry pains, and we will be the first to do it.
Proof of TOSS token - TOSS
TOSS tokens are used in the platform for placing bets and unlocking extra services and platform functions.
In total around 1 billion tokens are expected to be generated during the ICO, distributed in the following way:
- The project has an international team of experts with relevant industry and development experience, good networks and endorsements from former colleagues and clients.
- The team size is sufficient for executing large turnover international business. The team introduction is done well and in a professional manner, giving a hint that the team is well resourced to execute its goals in a professional manner.
- A growing and heavily competitive international industry, that can greatly benefit from increased trust and fund fluidity in the transaction system. A high quality platform can really stand out in the sketchy world of bad quality online gambling sites and win the trust of users.
- Looking at the materials produced by the project team so far they have a good chance to make their way big in the betting industry.
- The project has a realistic soft cap that allows implementation. The presale phase has a 6 months token lock-in, which limits the dump of the tokens when the tokens get listed on the first exchanges.
- Product launch is expected to happen in Q3/18 which is a convenient timeline for early investors.
- The overall quality of the materials, graphics and layouts is top quality.
- The project has a lot of open content in GitHub for the investors and partners to follow progress.
- The project has good visibility on the general review sites and has some decent grading from other analysts as well.
- There is no promised timeline for the exchange listings.
- The team tokens are not locked, which might lead to potential team token sales during the first exchange listings.
- The hard cap valuation seems high, but also allows responding to high demand
- The outreach in social networks and forums is yet pretty limited due to the later on scheduled efforts on marketing.
Overall Proof of TOSS looks to take its place on the top of ongoing betting industry ICOs.