u Run it – A Paradigm Shift on Gambling Industry

yvainewars (7)in #casino • 6 years ago

The industry of gambling games is growing day by day. Indeed, the size of the industry, which was $ 47.4 billion in 2017, rose to $ 52 billion in 2018. It is expected that this amount will reach $ 81.7 billion in 2022.

U Run it is a project that integrates cryptocurrencies and blockchain technology with gamble industry. The most important feature of the u Run it platform is that the players will organize the games themselves. In this context, the project allows the players to control their own game completely. Thus, players will be able to participate in games with confidence.

On the other hand, the players will play in a totally decentralized structure where there will be no intermediaries. In this case, for the first time, a democratic, objective, transparent ecosystem of gamble games will be established in the industry. As a natural consequence of this, income from gambling activities will also be shared among the players.

In addition, the platform has an open API (application programming interface). This will add chance games created by third-party developers. Thus, the games of gambling on the platform will be constantly renewable and expandable with minimum time and money.

What Is U Run it?

URunit is a project that seeks to break established traditions and put the control of casino business in the hands of players. The aim is to create a platform that will implement new game rules in the gambling universe, a “white label” platform that could be purchased by other operators and can easily adapt to their needs.

URunit looks forward to being the most innovative gambling platform in the world while ensuring investors benefit from an increased market value for the tokens they purchase and the token holders can participate in jackpot drawings.

As traditional platforms face extinction even with the technology that they use, uRunit gives the gambling industry a new phase of life.

Problems in Gambling Market

The gambling market including online market have many loopholes. The players earn very minimum profit and the casinos take up the major part thus keeping the players unsatisfied. All the casinos some what look the same and this leads the players to leave the game quickly as the lacks novelty.

The casinos have to spend more on advertising to bring in more customers but eventually the customers do not stay for long due the problems they face.

Solution

URunit is providing solution to the above problems by developing a gambling platform which will be managed by the players. The project is building a decentralized platform with the help of blockchain technology. Any player can control a game where in he can set all the parameters. The player has the control over a game only for a particular period like for an hour, a day, a week, or a month. The profit which will be made in this time duration goes to the player who hosted it.

How Does it Work?

The users need to register on the platform with their multicurrency wallet. After depositing a certain amount in fiat or cryptocurrency the user can then play the games and perform other functions. Every player will be given a rank and after attaining a minimum rank the player then can host a game on the platform. For hosting a game, the player needs to pay a small amount of URUN tokens.

Platform Profit

On an average profit from the online gambling platform is 60%. In reality, each platform’s profit significantly varies and depends on the maintenance cost, investments in platform development and advertising. All these expenses, in turn, depend on a very large number of factors. The profit may be more or less, but we can assume that on average it is 60%. That leaves us 40% to cover all the expenses.

In other words, all the income from the place managed by the player will be split 50/50. This is the initial arrangement. After the first month of the platform operation, we can make some adjustments. If the actual expenses turn out lower than estimated 40%, the users’ share of income will increase accordingly. For example, if the expenses are 30% instead of 40%, the players will receive 60%. These adjustments will take place at the beginning of every month based on the previous month’s data. It is in our best interests to maximize the players’ share of income.

Urunit Technology

The company uses classic client-server technology to launch the platform. The reason we do not use blockchain to create a fully decentralized platform is quite simple. So far, there is not a single blockchain platform that would allow millisecond transactions for data transferring. Moreover, any transaction in the blockchain is by no means free. A large number of transactions with a lot of data will make it very expensive – the cost of the project will exceed any revenue it might generate. Of course, the concept of a fully decentralized platform has many advantages, but urunit.io will be able to implement it only after a new generation of blockchain platforms, eliminating the shortcomings of its predecessors will replace the existing ones.

Why U Run It will actually be a Big Thing?

Years of Experience, We have a strong team with all the skills, expertise, and experience needed to launch the project and market it successfully. U Run This is the climax of our collective effort that incorporates the most efficient technology developed by our highly professional team.
No one has seen this before, This is yet another casino. This is a platform with a new business concept in his heart. Casinos and gambling platforms (including those in the development stage) are not even close to what we offer.
The flowers are amazing, We are experiencing tremendous interest in our platform. Both gamblers and investors are amazed by the brilliance of the idea. We are repeatedly told that this is the future of the gambling industry.
All in one solution, This is an all-in-one solution that covers every possible subsystem needed on the board. No holes or areas are not closed. In fact, other casino providers will become U Run It customers purchasing our software to fill the void in their offerings.
The number of users increases, In the next stage we will integrate additional modules (which can not be disclosed now as this is commercial secret) into the platform. This module is sure to blow up the market, and we expect a drastic growth in the number of our users.

Token and ICO Information

The token of the project is the URUN token that will be placed on the Ethereum blockchain network and will be in the ERC 20 standard. It will be used at the payment of the services and transaction fees provided within the platform. The price of the token is 1 URUN = 0.00125 ETH. The total amount of tokens produced is 80 million. 60 million of them is allocated for token sales.

Token Symbol : URUN
Total Token Supply : 80,000,000
Crowdsale : Pre-sale
Token Price : 1 URUN = 0.00125 ETH
Hard Cap : 60,000,000 Tokens
Soft Cap : 9,000,000 Tokens
Pre ICO Starts : 2018-05-15
Pre ICO Ends : 2018-09-15

Why buy URUN tokens?

Limited offer, URUN Smart Contract through a decentralized blockchain protocol ensures that only a certain number of URUN tokens will be issued during ICO. There will be no token issues after ICO.
Jackpot Image, Each token holder can participate in our daily, weekly, and monthly jackpot images. 70% of all tokens collected by the platform will be used for jackpot images.
Compliance with the rules, We have received professional advice from the best lawyers specializing in financial regulation of cryptocurrency. The URUN Token is clearly a utility token, not security. This means a quick list on the exchange after ICO.
Constant demand for tokens, URUN Token is required to use U Run It platform, but the number of circulating tokens will continue to decline. The URUN Token is used as a "fuel" for all transactions in the platform, and with each transaction a small number of tokens are "burned" (they are removed from the circulation). However, in the same time the number of casino operators who use our platform as well as the total number of players using URUN tokens will grow exponentially. Therefore, URUN token requests will continue to increase.
Technical excellence, Not only the programmers who developed our smart URUN contract, have more than 3 years experience in blockchain solutions, but also the high quality and safety of this smart contract has been confirmed by technical audit conducted by the best specialist in blockchain security.