URUNIT
Hello ... If you are interested in joining the RunIt U project or you are interested in joining the RunIt U project, it is a good idea to read reviews that can help you get information that might help you in seeing their vision and mission during the U Project RunIt.
In early 2017 the online gambling market was evaluated at $ 44.16 billion, at the end of the same year it increased to $ 47.4 billion. Estimated market capacity in 2018 is $ 52 billion and is expected to reach $ 81.7 billion in 2022.
It is clear that the market has enormous potential. The problem, however, is that the rules of the gambling business have remained unchanged for centuries. No doubt, casinos and other providers are constantly trying to attract new clients with new gimmicks: prizes, bonuses, prizes, beautiful pictures, etc. Technology has also changed: from simple wooden tables and slot machines, to online games, and the latest technology block chains.
In fact, it doesn't matter what technology is used or what gimmick is used to attract gamers to the casino. The point is still the same and quite simple: no matter what the client does, the casino gets everything. Those who don't gamble take everything from those who are passionate and like good games. They take everything and get excess profits. Also, based on our survey, casino customers are very brave people who are always looking for action and novelty. They get bored quickly, and have to move from one casino to another in a continuous search for some diversity.
It's time to change the rules of the game in the Universe.
To break the established tradition, we only need to give control to the casino, to the players themselves. That is, really all games, tables, poker rooms, slot machines, lotteries and so on are controlled by gamers, they entertain the game itself and receive most of the profits.
(users) have to pay a small fee to "rent a place", and - voila - they are in control. The higher the player's rank, the more chances he has to win in the draw. User ratings are based on activity as a player. In other words, the more users play, the more opportunities they must have to control games, tables, rooms, machines, lotteries, etc.
In addition, players who get the right to host the game will be able to auction this right for other players. They will also be able to use this right as a bet in some games.
User ratings can also be the subject of trade. Each player can sell his rank to another player, or just use it as a bet in the game.
So, everything turned into a big gambling game - the excitement and interest of casino players doubled or even tripled.
All of the above applies to public games that can be accessed by all users in the system. In addition, each user, with just a few mouse clicks, can easily create his own personal games (only by invitation) and invite friends and acquaintances.
As an additional feature, we offer regular jackpot among platform users: daily, weekly and monthly.
How will we achieve all this? We create a platform that will implement all the principles mentioned above. Our goal is to create a "White Label" platform that other carriers can purchase and easily customized to suit their needs. So, in a few years most of the world's traditional casinos will become extinct, regardless of the technology they use. Just imagine, if there is a choice, who wants to play in an ordinary casino that doesn't offer the possibility to be part of it?
And what are the benefits for investors, besides being part of the creation of the most innovative gambling platforms in the world?
• Increase market demand for tokens they have purchased. Our tokens are a type of fuel for the system. Each token transaction when paying for services in the platform will "burn" 0.5% of the transaction amount. In this way we ensure a constant reduction in the number of tokens in the market. As a result, the request for tokens will continue to grow.
• Each of our token holders (not only active players) can participate in the jackpot image. These images will be held: daily, weekly and monthly. 70% of tokens collected by the platform will go into jackpot funds.
Judi Semesta will never be the same after our platform is introduced to the market.
This document explains the main features of our project and explains how we integrate blockchain technology
Gambling Market
The gambling market has grown from year to year. In early 2017, the gambling market was valued at $ 360 billion with $ 44.16 billion in online gaming. At the end of 2017, the online gambling market increased to $ 47.4 billion. According to H2 Capital Gambling, the market share of online games will continue to grow taking over most of the offline market. In 2022 the online gambling market will grow to an impressive amount of $ 81.7 billion.
Growth of the online gambling market (in billions of US dollars):
The diagram below shows the distribution of online gambling income:
Top 5 players in the online gambling market
The Stars Group is the largest association of famous brands such as: PokerStars; PokerStars Casino; BetStars; Full tilt; PokerStars Championship; PokerStars Festival; Megastack. These brands have a total of more than 100 million registered users.
William Hill
William Hill is a London-based city. Last year, the company announced more than $ 2.2 billion dollars. In addition to sports betting, the company offers a variety of games (casino, skill games, bingo, poker) to its customers.
Betfair Group
Betfair is the world's largest online betting exchange platform. It also offers fixed odds bets, casinos, bingo, poker. Recently, the platform has joined Paddy Power, strengthening its position in the market.
Paddy Power
Paddy Power is the biggest betting chain in the UK and Ireland. The company has a large betting service over the telephone and offers casinos and other online games. The company recently joined Betfair to form the Paddy Power Betfair.
Kindred Group
Kindred Group is an association of 13 major brands. 32Red, iGame, Unibet, Maria Casino, Stan James is one of the brands. The company offers users many game choices: casino, poker, sports betting, bingo, and more.
Online gambling market users
Geographically, Europe, the Middle East and Asia dominate the online gambling market. Together, this region occupies more than 60% of the total market volume.
The size of the online gambling market by region (in billions of US dollars):
• More and more women participate in online gambling. However, in absolute numbers, men still play more than women. According to statistics, women spend more playing time than men, but their average bet is lower. Women mainly play for entertainment and relaxation, rather than using any strategy to win large amounts of money.
• There is a rapid increase in the number of people using mobile devices to access online gambling. In the next three years, it is estimated to grow to 165 million users.
• The youngest players prefer to gamble using mobile devices when they are away from home.
• People aged 25 to 34 years prefer online casinos to gamble other types.
Crypto Market
The Cryptocurrency market has grown rapidly over the past few years. According to the CoinMarketcap portal data, cryprocurrency market capitalization at the end of 2017 amounts to around $ 600 billion. Although, individual crypto currency prices experienced significant fluctuations, crypto market capitalization in general continues to grow. Also, it's important to remember that blockchain technology, the basis for cryptocurrency, is far from perfect and growing. However, one thing we can believe in: cryptocurrency, as well as blockchain technology, is firmly embedded in our lives, and this technology has tremendous potential.
Integration of blockchain and cryptocurrency technologies in online gambling
Despite the fact that blockchain and cryptocurrency technologies are still relatively new and backward, there are many efforts to integrate them into various projects, including online casinos. Many experts agree that crypto-currency and blockchain technology will take a leading position in the market in general, and in gambling, in particular.
Here are some advantages of using cryptocurrency and blockchain technology:
• Crypto payments are becoming increasingly popular
• payment is easy to do
• low minimum payment threshold
• there is no limit on the number of transactions
• payments can be made significantly faster
• the concept of transparency and fair play is used in playing games. However, there are some substantial weaknesses as well:
• the low speed of the existing blockchain system makes it impossible to use this technology for system integration and operation when every millisecond is taken into account (which is exactly the case for most systems in casinos)
• transaction costs are too high to use blockchain as the main means of sending, processing and storing data; such fees will really make no sense
The integration of cryptocurrency and blockchain technology into gambling platforms is clearly needed, but only partially. We need to adopt the best and avoid shortcomings. Don't believe those who claim they can make a distributed functioning casino system that is fully based on blockchain. It is possible that such a system will work, but it will definitely be far from "functioning properly".
For the operation of our online gambling platform, we will receive the gift of cryptocurrency and the world of blockchain for:
• use our tokens on the platform to get access to various services
• make purchase / sale transactions between platform users
• use our token to pay for third-party game developer services
• accept payments not only in fiat (conventional) currency, but also in crypto currencies
• pay for wins in crypto currencies and also fiat currencies
• ensure transparency and fair play in all system games
We hope the new blockchain platform will be made in the near future and the shortcomings mentioned above from its predecessor will be eliminated. In this case, of course, it will not only be possible, but also needed to integrate blockchain into our platform, because it will provide a number of undeniable advantages over traditional centralized client server systems.
Gambling market problems
Time passes, technology changes, but the main principle in the world of gambling remains the same: players come to casinos and spend their money in the hope of winning quickly. The problem is that most players lose and don't even have the slightest chance to influence casino work in any way. As a result, the rules of the game, as well as the rules of conduct for the players are determined entirely by the casino that peels players into threads, and gets super profits from them. The players are only cash cows.
Signs in places, bonus programs and technology can change, but any casino still operates by the same principal. As a result, the gambling market (including online) is filled with an almost identical casino that gives gamers no choice at all since all casinos look almost identical.
Thus, the main issues of the market are:
• based on our survey, casino customers are very brave people who continue to seek action and novelty; they get bored quickly, and are forced to move from one casino to another casino constantly looking for something different
• it is very difficult for casinos to attract new players, and they are forced to spend most of the profits from advertisements, bonuses, affiliate programs, and other gimmicks to attract customers
• No matter how much money the casino spends on keeping customers as long as possible, it doesn't work - customers won't last long.
Solution
The gambling market has clearly reached a dead end. Of course, casinos try to spend more money, use new technologies (like blockchain) and come up with new gimmicks to attract and retain new customers, but they are not very successful at that.
The only way out of this situation is to change the basic principle of casino operations.
How is that possible? Very simple. The solution is a completely new type of casino, a casino managed by players, who host all matches. In other words, really all games, card tables, poker rooms, tournaments, slot machines, lotteries, etc. This casino is controlled by the players themselves. Each game is hosted by certain players. This player determines the parameters of the game or tournament he hosts and becomes the owner of the game for now. For example, each game is rented to one player for a nominal fee. Can be rented for one hour, a day, a week, or a month. During this rental, the owner of the game not only monitors what is happening, but also performs the basic functions of a moderator. At the end of this period, the game owner receives most of the profits generated during the lease period. A small fraction of the revenue will go into the casino to cover the cost of platform maintenance, further development, and allow a little profit for the owner. We believe that the profits of the company owner must not exceed 10% of the income. Another highlight is the possibility of holding an auction among gamers. Any player who receives the right to host the game can also start an auction among other players of the platform to sell this right. In addition, players can exercise their rights to host games as bets or buy for some games. In other words, the right to host the game can be sold, or it can be a bet in the game. We believe that the profits of the company owner must not exceed 10% of the income. Another highlight is the possibility of holding an auction among gamers. Any player who receives the right to host the game can also start an auction among other players of the platform to sell this right. In addition, players can exercise their rights to host games as bets or buy for some games. In other words, the right to host the game can be sold, or it can be a bet in the game. We believe that the profits of the company owner must not exceed 10% of the income. Another highlight is the possibility of holding an auction among gamers. Every player who receives the right to host the game can also start an auction among other players from the platform to sell this right. In addition, players can exercise their rights to host games as bets or buy for some games. In other words, the right to host the game can be sold, or it can be a bet in the game.
Platform concept
We create online gambling platforms where all games will be hosted and controlled by platform users. The platform is created as a "white label", so we can sell it to other operators. This, in turn, will enable us to share concepts around the world in a short time and make them industry standards.
Also, the platform has an open API (application programming interface). This will make it possible to add games made by third party developers. In this way the game library on the platform can be continuously refilled and expanded with the minimum time and money invested.
The basic payment units for services provided by the platform are "URUN" tokens.
As we mentioned, the basic concept of the platform is that 100% of all games, card tables, machines, lotteries, etc. Hosted and managed by platform users.
In other words, the payer himself hosts the game and receives most of the profits collected during the game.
All games fall into three main categories:
• standard general play
• customized custom game
• private game
Standard general games are games created by casinos. Their parameters are predetermined and cannot be changed. These games are available for all platform users for free. Standard general games with predetermined parameters will be created in each game category (slot machines, poker rooms, blackjack tables, bingo, lotteries, etc.). From
player's point of view, this resembles an ordinary casino.
Special public gaming
Customizable games are standard games with parameters set by the user. Players will see customized games in the casino game list in addition to the standard ones. The number of games that are adjusted at a certain time may not be more than half the initial number of standard games.
Private game
Each user can create their own personal games and give them access to their friends and acquaintances. Personal games are made based on standard games with special parameters. Private games will not appear on the public list. All personal games can only be accessed by invitation.
How "place" (the right to hold games) is distributed among platform users:
Of course, the number of platform users will always significantly exceed the number of available public games. On the other hand, the main idea of this project is that every platform user must have the opportunity to get a public game under his control (become a game owner).
The easiest way to give each user the opportunity to become a game owner is to draw a lottery. We'll have a "place image" every day, where "place" is an opportunity to become the owner of any game for a certain time. Images are automatically organized and do not require users to pay a fee to participate. Many drawn:
• daily - for the right to manage the place for one hour starting three days from the draw day
• daily - for the right to manage the place for one day starting three days from the draw day
• at the beginning of each week - for the right to manage the place for the next week
• at the beginning of each month - for the right to manage the place during the following month.
The system will automatically notify the user who won "place". Users who get the right to play host can also play in their place as regular players. However, he can not participate in the drawings of other places until the "ownership" (lease) from the place ends.
In order to become the owner of a place, the user pays a small amount of URUN tokens for the right to use the place - "rental fee". This payment is due within 24 hours after the draw. If the user fails to pay the rent in this timeframe, he loses the right to control the place. In this case, a new image occurs, and another user is given
the right to control the place. The new user also receives 24 hours to make payments for the right to manage the place. Etc. If at the beginning of the game there is no user paying the URUN token amount needed for the right to manage the place, the place will be controlled by the casino itself. As a result, all profits will go to the casino. The same approach is used to determine the owner of both standard general games, and customizable general games. The only difference is that if the owner of a customized public game has not been determined (failed to pay the fee), that place will not be the subject for another image (it will not appear in the game list). For standard public games, all places are always available for games.
Obviously, at the beginning of the existence of the platform there might not be enough users to manage all standard public games. In this case, a place that is not claimed by the player, will remain under the management of the casino itself.
No images are required for private gaming, as each user can create and manage up to 10 private games at the same time. Making personal games does not require token payments. Players can participate in their own private games.
Rental time is available for different places
• 100% of standard public games are rented for one hour, so one place is rented to 24 users a day
• 80% of customized public game venues are rented for one day
• 15% of adjusted public games places are rented for a week
• 5% of the adjusted public game places are rented for a month
What the user needs to participate in the picture
Almost all system users can participate in place images (for more details about the drawing process, see the "How to work from a user perspective" section). To participate in images, users must meet the following requirements:
• have enough URUN tokens for rent
• has a minimum player rating in the type of game he wants to manage
In each type of game, players can get ratings from 0 to 10. For example, if a user only plays poker, then only the poker rank will increase. If he stops playing poker, his poker rank will slowly decrease over time. There are two factors that influence player ratings:
• how often users play
• Player bet size
The more users play and the bigger the stakes, the higher the ranking. And the higher the player's rank, the more chances he gets to become the owner of a place for this type of game. The table below shows how player ratings affect the likelihood of renting a place:
Each player can sell his rank (or part of rank) for URUN tokens to other platform users. In this way, every user who wants to increase his rank can do this not only with regular participation as a player, but also by only buying ratings from other players. And the players who get their rank, have the opportunity to sell partially or completely to other users.
Rankings can be traded in three ways:
• fixed selling price
• auction
• lottery
The seller receives all amounts from the place sale (minus 3% commission) to his account.
Play for rank
Players can use their rank (or part of rank) as a bet in the game. There will be special multi-player games (poker, four in a row, etc.), where only the player's rank will be accepted as a buy or bet bet. Competition in these games will only be among the players. So, the player who wins the match takes the whole pot. This special game will be managed exclusively by casinos. Also these games will not bring any benefits to casinos; their only goal is to provide a special place where players can play for rank.
Place rental fees
Places can be rented only in URUN tokens. Rental fees for certain places may not be high, because our goal is to ensure that every player can rent a place. Estimated rental costs are shown in the table below:
What happens if a place managed by a player loses money?
All losses are covered by casinos. The player is not at all risky, except the token he pays as the rent.
The function of the game moderator
In some games, game owners will be able to perform basic game moderation functions. For example, if there is chat in the game and one of the players makes an offensive comment about another player, the owner of the game will be able to drive the offender.
Also, each player can file a complaint against the game owner to the casino administration. The administration will actually review this issue and take appropriate action. This ensures that the game owner will not misuse the right to moderate the game.
Auction rights to rent places
After the user has won the right to rent the place and pay the required amount in the URUN token as a rental fee, he may sell this right to other platform users, both for URUN tokens. This can be done in one of three ways:
• fixed selling price
• auction
• lottery
Play for the right to rent a place
Once the user has won the right to rent the place and pay the required amount in the URUN token as a rental fee, he may exercise his rights in the game. There will be special multiplayer games (poker, four in a row, etc.), where only the right to rent the place will be accepted as either a purchase or a bet. Competition in these games will only be among the players. So, the player who won the match took the whole pot. This special game will be managed exclusively by casinos. Also these games will not bring any benefits to the casino; their only goal is to provide a special place where players can play on their right to rent out places.
Distribution of platform benefits
At the average profit of the online gambling platform is 60%. In fact, each platform's benefits vary greatly and depend on maintenance costs, investment in platform development and advertising. All these costs, in turn, depend on a large number of factors. The advantage may be more or less, but we can assume that the average is 60%. That makes us 40% to cover all costs.
Taking into account that the profits of the casino owner cannot exceed 10% of the income, we can assume that at least 50% of the income will be available for payment to the player owner at that place. Calculation formula: 100% (income) - 40% (operating costs) - 10% (owner's profit) = 50% for users who host games.
In other words, all income from the place managed by the player will be divided by 50/50. This is the initial setting. After the first month of platform operation, we can make some adjustments. If actual expenditure turns out to be lower than the estimated 40%, then the share of user income will increase. For example, if expenses are 30% rather than 40%, players will receive 60%. This adjustment will be made at the beginning of each month based on previous month's data. It is in our best interest to maximize the player's revenue share.
This approach will allow us to ensure the players' main interest in our platform, and maintain it for a long time.
Currency, used to save and withdraw money
Users can use the following currencies to make deposits and withdraw money:
• fiat currency (dollar, euro, pound sterling)
• popular crypto currencies
• URUN tokens
UCoin as an internal game currency
The UCoin chip is used as the main game currency on the platform. This sets the common currency standard in the platform. UCoin can be considered an ordinary casino analog chip. Conversion to / from UCoin will be required to save or withdraw funds.
Level one UCoin is 1 ETH = 50000 UCoin. The cryptocurrency and other fiat currency rates to UCoin will be determined by the current ETH market level.
The value of the URUN token will be determined by the market after the token is released to the stock exchange.
Technology
We use classic client-server technology to launch platforms. The reason we don't use blockchain to make a fully decentralized platform is quite simple. So far, there is no single blockchain platform that will allow millisecond transactions to transfer data. In addition, any transaction in blockchain does not mean free. A large number of transactions with a lot of data will make it very expensive - project costs will exceed any income that may be generated.
Of course, the concept of a fully decentralized platform has many advantages, but we will be able to implement it only after the new generation blockchain platform, eliminating the lack of predecessors will replace the existing ones.
However, despite the fact that blocking technology cannot be used entirely for the game itself, we will use it for:
• ensure fair play
• use URUN tokens to pay for services on the platform, including rental fees
• make purchase / sale transactions between platform users
• use URUN tokens to pay for third party game developers and casino operators
• receive deposits and pay a victory in crypto currency
Token sales schedule
Sales of URUN tokens will take place in three stages:
• close pre-sales
• pre-ICO
• ICO
The Run U Run platform requires the user to use the URUN token. This platform is very revolutionary and in demand, which is clear, because the number of casino operators using our platform increases, the number of active token users will grow exponentially.
The number of tokens is limited. The token will only be emitted once at the ICO stage, and after that there will be no additional emissions.
At the same time, each URUN token transaction to pay for services on the platform will "burn" the 0.5% token of the transaction amount. We talk about all internal transactions when tokens are paid to platform funds, such as: place rental fees; promotion fee to move rented space into game list; com-mission when
players sell places or ratings, etc.
Of course, all of the above will lead to a constant increase in demand for URUN tokens.
Benefits of URUN token holders
URUN Token entitles the holder to become a full participant in the platform with all the benefits:
• Participation in daily jackpots (funds - 40% of URUN tokens, collected by platform during the day)
• Participation in weekly jackpots (funds - 15% of URUN tokens, collected by platform for a week)
• Participation in the monthly jackpot (funds - 15% URUN tokens, collected by the platform for a month)
• The growth in demand for tokens is constant
• Place leasing
• Purchase services on the platform
• Trade rank
• Possibility to use tokens as game currencies on the platform
• Access to beta testing of games (closed testing before release)
• possibility to sell tokens on the largest cryptoexchanges
Competitor analysis
None of the existing casinos do the whole range of tasks in the gambling market.
Existing casinos and service providers can be divided into the following categories:
• Classic casinos accept fiat currencies
• content provider
• Casino operators by playing transparent and fair
• Crypto casinos licensed
• Crypto casino platform
The Run U Run platform covers all of the above activity areas and offers much more. In addition, we are very confident that other shareholders in the online gambling market will become our customers and will buy our software to fill the gaps in their service offerings.
ROADMAP
We have a strong team with all the skills, talents and experience needed to launch a project and market it successfully.
FOR MORE INFORMATION :
WHITEPAPER: https://www.urunit.io/docs/whitepaper_eng.pdf
ANN: https://bitcointalk.org/index.php?topic=3396208
TWITTER: https: //twitter.com/URUNIT_IO
FACEBOOK: https://www.facebook.com/urunit
TELEGRAM: https://t.me/urunit
Author: pecandukopi
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eth: 0xB8Fb41E1141E4670EA3A5513D85f1b4F03707DEF
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