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INTRODUCTION
Globally individuals are conversant with the term Gambling. Gambling can be defined as taking part in activities or game in which the partaker risk some amount of money or valuables in order to win a certain amount of money if successful. Gaming platforms are available either online or offline for those interested. In recent years Gambling online platforms has experienced significant growth at the present market of 52 billion dollars in 2018. In 2022 the estimated market for gambling is expected to reach about 81,7 billion dollars. With this expectation and present market cap, the gambling industry shows significant potentials and still has more room for growth.
Challenges faced in Gambling.
The fact that gambling market capacity showed significant growth does not mean that it is free from setbacks and challenges. These challenges include;
Survey and research shows that casino customers are willing to take risks and are persistently looking for new or different ways to gamble. If they get served the same way continuously or get the same pattern frequently from a particular casino, they get bored and move away to other casinos with the mindset of getting a different experience or something unique. This problem of not providing different options for users has been a major setback in the gambling market.
Another problem faced in the gambling market is that the rules guiding the gambling business have remained unchanged for decades and because of this, Casinos faces a lot of difficulty attracting new players. These casinos spend thousands of dollars in advertising, providing bonuses and even rendering affiliate programs, all these methods provide little or no result. They fail in attracting new players into their casinos and this has been frustrating for casinos over the years.
U Run IT perfect solutions
The gambling market capacity would have grown much more than were it is today if solutions had been provided to the problems facing this sector. Despite the huge funds spent by casinos they are yet to solve the problems facing gambling. U Run It Platform is here to provide perfect practical solutions faced in the gambling industry.
U Run It will solve the problems in gambling by changing the technique been used presently. U Run It is providing a new type of casino that the players get to host the games; the casinos will be managed by the players themselves. The games played in the casinos will be controlled by the players themselves, i.e. each game will be hosted by a player. The player will have the opportunity to choose the parameters of the game or tournament he wants to host. At that period of time he is in control and he becomes the owner of the game. The games will be leased to players for a specific period of time with an attached fee. When a player is leased a game, he moderates the game and also monitors the game for the time leased which may be a day, a week or even for some hours. When the player time is over, he gets the larger part of the profit while the casino receives small share of the revenue. U Run It believes that the profit of the casino should not be more than 10%, as this is enough for the casino to manage its properties and also earn some profits.
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U Run It Platform is changing the entire gambling system where by all the games will be hosted and controlled by the users on the platform. All the games under U Run It platform are in 3 major categories. They include
- Private games
- Standard public games
- Customized public games
Private games are games that every user have the opportunity to create their own private games and give access to friends and relatives and these private games will only be accessible by invitation.
Standard public games are the type of games that are created by the casino. All the parameters are set by them and cannot be changed. The games available are free to all users to access.
Customized public games have standard parameters set by users. User’s will have the opportunity to see customized games in the lists of all casino games in addition the standard games available.
The Available lease time for different games are 100% of standard public games will be leased for one hour, so one place is leased to a total of 24 users a day. 80% of the customized public games places will be leased for a day, 15% of the customized public games places are will be available for lease for a week and 5% of customized public games place will be available for a month.
URUN TOKENS
U Run It platform created an ERC 20 token that is compatible with stock exchanges and wallets. These tokens will be used to pay for the services on the platform and also by those provided by other third parties. For users, URUN tokens will be used to pay for leasing fees to get full right to own a place, buy player ranks, boost up games in game lists, used as a collateral for participating in jackpot draws and finally as a currency for depositing and withdrawing funds from accounts.
For developers, URUN tokens will be used as a payment medium for third party developers using their games on the platform and also for operators, URUN tokens will be used for payment for installing and using the platform.
Token Distribution
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Token Details
Token name: URUN
Token type: Utility token
Token: ERC-20 standard on Ethereum platform.
Total Supply 80,000,000
Token Sale Cap: 60,000,000
Accepted currencies: ETH automatically (BTC, LTC, DASH, XRP, ZCL, STX, ATB - manually)
Token sales still open till October 15th, 2018 12:00 AM GMT
Contact U RUN IT Via:
website: https://www.urunit.io
twitter: https://twitter.com/URUNIT_IO
facebook: https://www.facebook.com/urunit
telegram: https://t.me/urunit
whitepaper: https://www.urunit.io/docs/whitepaper_eng.pdf
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3548786.0