PROOF OF TOSS - A Smart Betting Ecosystem On Blockchain

On this occasion I will discuss a new ICO that is different from other projects. The ICO is PROOF OF TOSS, is a fully functional and decentr...

On this occasion I will discuss a new ICO that is different from other projects. The ICO is PROOF OF TOSS, is a fully functional and decentralized platform, good for all types of events. All bets are in the form of a smart-contract, which protects the player with irreversible rules. The token holder can select the role they want to play on the platform, make bets, bet in other people made bets or settle disputes and determine outcome as a platform judge, and get tokens to form whatever role they choose. With our open source solutions, we provide professional betting operators with the infrastructure they need to deploy blockchain technology into their existing business model. Using the TOSS protocol allows bookmakers to reduce transaction costs, avoid chargebacks, provide better opportunities and earn more. We have been successfully operating betting companies for many years now, we know the industry inside and out. Blockchain is the perfect solution to cure all the pain of the betting industry, and we'll be the first to do it.

About PROOF OF TOSS
Gambling and betting markets are rapidly evolving, bringing user experience to a new level. The total gambling market capitalization today, according to multiple sources is worth an estimate of more than $400 billion and is showing great potential for growth, embracing new technologies and innovation.

For the past couple of decades, everything has been moving toward being smart, starting from smart homes, moving to our daily lives with smart phones, smart watches, and smart cars. We’ve entered the wonderful age of optimization, where technology is aimed at tuning and adjusting existing systems in order to increase their productivity, elevate user experience, make them smarter and faster, and what is
even more important - eliminate unnecessary components. This trend is supported and embraced by manufacturers around the globe.

Blockchain is a fine example of tech that is currently changing the world. This technology is aimed at making transactions faster, safer and transparent.

We are inspired by the idea of making betting effortless, enjoyable and profitable for all participants. Powered by the blockchain, PROOF OF TOSS is an ecosystem for betting serving both as a peer to peer platform and an open source solution for professional bookmakers, sportsbook providers, and operators.

Advantages for Users
PROOF OF TOSS is the most democratic ecosystem for betting, where Players will find rare, interesting Wagers and possibly the best odds available in the industry. If they fail to find an event that they want to bet on, Players can transform into Originators and create Wagers of their own, publish them in the PROOF OF TOSS ecosystem and earn TOSS tokens with no risk. Furthermore, those Users that want to earn with virtually no risk, may try on the role of a Judge. An honest Judge never loses.

Main Benefits for Users

Main Benefits for Businesser

The Process
A Wager is created for events that occur in the near future, and may be created by the Originator or Operator. The User places Bets on the recommended results and after the event is completed, if the Bet is created by the Creator, the Judge is invited to verify the results and thereby determine the winning bet. If the Bet is made by the Carrier, he or she is responsible for providing fair and correct results. If the User is not satisfied with the results provided by the Operator, they are able to challenge the result by initiating the platform’s Distributed Crowd Judge mechanism.

TOKEN SALE
All tokens will be issued only after the token sale according to the total purchase amount.
During the Token sale, everyone who complies with our terms and conditions and passes the KYC check will be able to purchase TOSS tokens (released through an ERC20 smart contract) these tokens will be exchanged by TOSS token (released on RSK once the network is ready) in proportion 1:1. This action will grant all users of the ecosystem equal rights and reduce speculative buys.

TOSS tokens will be distributed as follows:

30% are reserved for the core team (6%), bounty (2%), whitelist (1%), fund (21%), founders (10%) and 11% for the PROOF OF TOSS Foundation.
70% will be distributed amongst all buyers of Token, according to their purchase, and the bonus that applies.

Taking into consideration the complexity of this project we have established the Hard Cap at the level of 71 500 ETH, while Soft Cap is 8 500 ETH.
All tokens will be sold according to the following rate: 10 000 TOSS equals 1 ETH.
In case the Soft Cap is not reached all purchases will be returned to purchasers .
We are accepting ETH during both pre sale and token sale.

To participate in the PROOF OF TOSS Token Sale all buyers must go through our KYC procedures. More information can be found in the Legal section of this White Paper.