Urunit is the only gambling platform 100% managed by its community. Players control the house, host all the games and receive most of the profit.
– to create a “White Label” platform that could be bought by other operators and easily adapted to their needs.
Top 5 players in the online gambling market:
1.The Stars Group
2. William Hill
3. Betfair Group
4. Paddy Power
5. Kindred Group
Geographically, Europe, Middle East and Asia dominate the online gambling market. Together, these regions occupy more than 60% of the total market volume.
Gambling market problems
Time goes by, technologies change, but the main principle in the world of gambling remains the same: players come to the casino and spend their money hoping for a quick win. The problem is that the vast majority of players lose and don’t have even a slightest chance to affect the work of the casino in any way. Consequently, the game rules, as well as the rules of conduct for the players are determined entirely by the casino that strips the players to the thread, and gets its super-profits from them. The players are only cash cows. Signs on the venues, bonus programs and technologies may change, but any casino still operates by the same principal. As a result, gambling market (including online) is filled with almost identical casinos that gives the gamers absolutely no choice as all of the casinos look pretty much the same.
It is an entirely new type of casino, the casino managed by the players, who host all the games. In other words, absolutely all games, card tables, poker rooms, tournaments, slot machines, lotteries, etc. in this casino are controlled by the players themselves. Each game is hosted by a certain player. This player determines parameters of the game or tournament he is hosting and becomes the owner of the game for the time being. Each game is leased to one of the players for a nominal fee. It can be leased for an hour, a day, a week, or a month. During this lease, the owner of the game not only monitors what is going on, but also performs basic functions of a moderator. At the end of this period, the owner of the game receives most of the profit generated during his lease. A small share of revenue will go to the casino to cover the expenses for the maintenance of the platform, its further development, as well as allow a little profit for the owners. We are convinced that the company owners’ profits should not exceed 10% of revenue. Another highlight is the possibility of holding auctions among gamers. Every player who receives the right to host the game can also initiate an auction among other players of the platform to sell this right. Also, the players can use their right to host a game as a bet or buy-in for some games. In other words, the right to host the game can be either sold, or it can become a bet in the game.
The rate of one UCoin is 1 ETH = 50000 UCoin. The rate of other cryptocurrencies and fiat currencies to UCoin will be determined by the current market rate of ETH.
Token name – URUN
Token type – Utility token
Token technlogy – Token is created by ERC20 standard on Ethereum platform. Token is compatable with stock exchanges and wallets.
Total number of emitted tokens – 80,000,000
Token Sale Cap – 60,000,000
Accepted currencies – ETH automatically (BTC, LTC, DASH, XRP, ZCL, STX, ATB – manually).