Bot Gaming: Blockchain powered gambling platform for messenger bots
Gambling project combining a marketplace for inside-coin spenditure.
DIRECTOR, IGAMING CAPITAL
Melissa is an investor/advisor in several companies in iGaming, Blockchain and Cryptocurrency. Her prior experience in the iGaming sector includes senior executive roles with operators and banking advisory capacity. Prior to iGaming, Melissa was a partner at a $450m MediaTech fund. Melissa has a BA from the Wharton School, University of Pennsylvania and an MBA from Harvard University.
- Crowdsale (60%)
- Team and owners (20%)
- Reserve (15%)
- Advisers (5%)
- Development (35%)
- Merketing (40%)
- Legal (10%)
- Listing on Exchange&Operations (15%)
Cost of the token1 token for 0.1 $
Price without discounts
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Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
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The project can solve the problem of lack of confidence in the game industry using the blockchain. The technology is transparent and immutable, and because of that the audience of game industry can grow.
Risks and disadvantages
The project copy idea of others, similar projects, which using the blockchain in this sphere. The ream doesn’t standing out among others , and the tokenisation is not well thought out.
The competition is too high, so the it will be very hard for project to become successful. Weak places of the project are bed advertising campaign and existing system of token distribution.
All activity will be stored in Blockchain which eliminate potential fraud and mistrust between participants. Roadmap looks informative and team experienced.
Risks and disadvantages
On the website there is no information about partnership with messengers, which is a drawback.
The project looks promising, they have already 4 functioning bots and 35,000 monthly active users. Potential investors should look attentively at this project.
Trust is a core value of gambling. Promotes transparency and guarantees payment of rewarded fees. It provides smart contracts. The press team is promising and efficient. The project is easily accessible on messenger platforms which makes it mobile The team of proprietors and advisers looks efficient.The crowd sales seem to be relatively higher than many ICO's. Reduction in bookmark fees and transparency.
Risks and disadvantages
More awareness needs to be created according to the stats. Its not the first project in the market so its susceptible to face competition.
The projects initiative is brilliant with the API's the system can be accessed on the already existing messenger platforms used by several people making the project easy to adopt. Gambling is a very widely practiced activity and more so the price value of the Token is enticing.
WHAT IS A BOT TOKEN USED FOR?
BOT is an utility token. BOT key feature of the token is its use as ingame currency. The user base growth and marketing activities create the demand for the currency and ensure natural increase of the token cost.
WHAT IS THE DIFFERENCE BETWEEN BOTGAMING AND OTHER GAMBLING-STARTUPS, WHICH GOES ON TOKENSALE?
In contrast to the majority of projects we present already existing products. Today the total number of Pokerbot and Slotobot installs to all platforms exceeds the figure of 370.000 and our audience is more than 30.000 monthly active users. Moreover, Pokerbot was recognised as Top1 Telegram bot.
What is more important, we are the only team that develop gambling games for messengers.
THE GRAPHICS CAPABILITIES OF INSTANT MESSENGERS ARE SERIOUSLY LIMITED. SO, WHAT IS THE ADVANTAGE OF GAMING BOTS?
In fact, all you need to visualize the spins in the slotmachine or hands in poker is emoji. Also we use rendered images as alternative visualisation of the slotmachine spins. In addition, we plan to develop a web-version of games that will be opened in the embedded browser.
The key feature of the bots is the fact that user need not to install new app to start game. It makes lower an entry threshold for players and significantly increase media buying efficiency. We run our campaigns in Tier2 region and get installs for 0.03 USD per install for campaigns in Telegram channels and for 0.2-0.3 USD per install for campaigns in mobile advertising networks. It is much cheaper compare to iOS and Android app installs. For example, iOS app install costs 1-1,5 USD in Tier2 region.
Messengers now look like social networks 10 years ago. Users spend here most of their online time, but the audience of instant messengers is underestimated. This provide an opportunity to develop an affiliate program for channel owners in instant messengers. In addition, do not forget the capabilities of instant messengers for viral marketing.
IS IT SAFE TO WORK WITH THE BLOCKCHAIN AND MESSENGERS, BECAUSE THE KEYS COULD BE STOLEN BY THIRD PARTIES OR MESSENGER EMPLOYEES?
We use bots as a frontend only, all interaction with the blockchain occurs on the side of our secure server.
DO YOU HAVE A GAMBLING LICENSE?
We need not any licence now. Pokerbot and Slotobot will use the social gambling business model with monetization solely by in-app purchases before tokensale. Similarly, no one requires a gambling license from mobile games such as Clash of Clans or Clash of Kings, which also offer in-app purchases.
The need for a gambling license appears when bets are accepted in real money (whether in fiat money or cryptocurrency), and you can withdraw the rewards.
After tokensale has been completed we will apply for a Malta Gambling Authority license to accept real money bets in the entire European Union.
IS ETHERIUM BLOCKCHAIN FAST ENOUGH FOR GAMBLING?
We use blockchain at the game session level only. This approach solves the issue with transactional fees and speed. We need to pay gas only twice - to open and close game session. Once the game session is open, all transactions like slotmachine spines or hand-drawing in poker are gas-free, and are applied with almost instant speed.
The next task is to make any in-game interaction provably fair and transparent. So, we will use Random Numbers Generator (RNG) with open code and reproducible results. It is mean that initialize a RNG with the same seed yields the same result.