Truegame

Truegame is a truly unique iGaming product: users are already playing more than a dozen different games (scratch cards, prize draws, lotteries, giftboxes, etc.).

About Truegame

Truegame aims to solve issues of trust in gambling through its use of blockchain technology and smart contracts. Truegame has been developing the infrastructure on Ethereum and in 2017 launched a fully working platform, which already has more than 10 games with active users. Prizes, lotteries and several types of scratchcards are available on the platform. All games are transparent and are based on proven-RNG (pRNG) algorithm.
Competitors: BetKing, Wagger, Fire Lotto, Kibo, SmartBillions, Gron, Edgeless, DAO Casino
Uniqueness/Advantages to competition: Developing a mobile platform.

Token Sale Use of Blockchain

Product

2.8
Product
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

1.0
N/A
1 - Many / much better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.

Product

Truegame is meant to be the lead casino, lotto, and all-in-one betting platform. There is a publicly accessible github repo but with very little activity, however there is a public platform available for testing. The mobile app is planned to be launched after the ICO, and various games are to be added in 2018 (see Roadmap).
There is appeal to the platform as there has always been demand for for gambling services. The target user base is the gambling community which is very large. The target audience is a general one with room to expand as cryptocurrency adoption increases. There is a large amount of competition in this space, with legacy competitors that are very well known and have been very successful. Betting platforms are one of the most common blockchain based projects.
Competitors: BetKing, Wagger, Fire Lotto, Kibo, SmartBillions, Gron, Edgeless, DAO Casino. (Particular competitors addressed in the whitepaper are Lottoland, FunFair, TrueFlip, and SmartBillions.)

Product Whitepaper

Use of Blockchain

3.0
Use of Blockchain
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.

Use of Blockchain

Truegame’s contribution to blockchain development is in creating a new mobile internet casion using the Ethereum blockchain. The project’s primary disruptive advantage is in a future mobile platform enabling use via mobile iOS/Android applications. There is need for a custom token, which allows for pricing, betting, and settlements, as well as interaction on the platform, such as access to the casino and games, similar to gambling ‘chips’ at brick-and-mortar casinos. The contribution to the blockchain ecosystem is in developing a new blockchain based, cryptocurrency gambling and betting casino.

Use of Blockchain Roadmap

Whitepaper

3.8
Whitepaper
Comprehensiveness

Does it cover the full scope of the problem and solution?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.

Whitepaper

The whitepaper is professional and informative and provides a balanced mixture of media and textual explanation. The whitepaper is 42 pages in length and is easy to read and understand given the amount of media presented. The whitepaper provides high level information discussing the gambling market, problem and solution, platform operation and pRNG algorithm, comparison to other market players, token sale and model, financial model and business plan, marketing strategy, roadmap, the team, and risks. The business and technology plans behind Truegame are detailed and concisely explained including detailed textual and graphical explanations. References are provided in end-note form.

Whitepaper Compliance

Roadmap

3.8
Roadmap
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5.0
N/A
5 - Professional.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

2.0
N/A
2 - Riding the current wave.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

4.0
N/A
4 - Past a few hurdles.

Roadmap

A Platform roadmap is given on a monthly basis. Some development goals lie ahead but an audited public platform launch has already occured. The roadmap provides many monthly objectives and is very detailed in its intentions.

Major Future Milestones:
May 2018 Mobile App store
Aug 2018 Opening games between players
Sep 2018 Gambling Vertical Stage 3: Betting
Dec 2018 API for Third party services
2019 Platform expansion

Roadmap Company and Team

Compliance

4.2
Compliance
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

5.0
N/A
5 - Foundational or varied use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

5.0
N/A
5 - Fully operational.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

5.0
N/A
5 - Professional and top-tier.

Compliance

The Truegame tokens have intrinsic value through their planned usage on the Truegame platform by allowing for gambling and betting, collection of fees and winnings on the platform. The token’s main utility is as a tradable financial instrument, as it is used specifically as a means of fee payment and gambling. However, the token also functions as a means to access the network and ecosystem as a whole. The token smart-contract code is posted for review on the publicly accessible github repo. The whitepaper contains a disclaimer and a discussion of risk factors, and KYC is is enforced with a whitelisting process that includes ID document upload. The legal disclaimer states that the tokens are intended for use as functional utility tokens and and come with no warranties. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security and will comply with all laws in areas which the platform is offered.

Compliance Token Sale

Company and Team

3.4
Company and Team
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.

Company and Team

Truegame has an established team with 13 employees and 9 advisors.
The core team has experience in online gambling, web and front-end development, UX design, software engineering and algorithms, cryptocurrency exchange listings, marketing, online sales, advertising, finance, and law.
The advisors have very reputable backgrounds and include experience with Bitcoin.com, Microsoft, LottoLand, Auditchain, esports.com, Skolkovo and Megladon.
Almost all team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of Truegame.
Positives: The core team is well rounded and the CEO has experience in cryptocurrency projects.
Negatives: Not all members are fully dedicated to the project.

Company and Team Product

Token Sale

3.4
Token Sale
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.

Token Sale

Truegame Token (TGAME)
Token Price: 1 ETH = 9,250 TGAME
Total supply: 300 million TGAME
Soft Cap: $2 million
Hard Cap: $9 million

Token Allocation
70% Crowdsale (All the unsold tokens are burned.)
15% Team (12month freeze with 5% monthly vesting)
10% Reserve
04% Advisors
01% Bounty

ICO Proceeds Distribution
45% Attracting Players
33% Jackpot
12% Development
10% Legal

Stage Price in ETH Bonus Price in USD
Private sale 1 ETH = 18,500 up to 100% $0,060
Pre sale stage 1 1 ETH = 12950 40% $0.086
Pre sale stage 2 1 ETH = 12,025 30% $0.092
Pre sale stage 3 1 ETH = 11,100 20% $0.100
Main sale 1 ETH = 9,250 0% $0.120

Social Media Presence & Following
There is little community engagment and reception.

Product

Truegame is meant to be the lead casino, lotto, and all-in-one betting platform. There is a publicly accessible github repo but with very little activity, however there is a public platform available for testing. The mobile app is planned to be launched after the ICO, and various games are to be added in 2018 (see Roadmap).
There is appeal to the platform as there has always been demand for for gambling services. The target user base is the gambling community which is very large. The target audience is a general one with room to expand as cryptocurrency adoption increases. There is a large amount of competition in this space, with legacy competitors that are very well known and have been very successful. Betting platforms are one of the most common blockchain based projects.
Competitors: BetKing, Wagger, Fire Lotto, Kibo, SmartBillions, Gron, Edgeless, DAO Casino. (Particular competitors addressed in the whitepaper are Lottoland, FunFair, TrueFlip, and SmartBillions.)

Category Breakdown
Readiness

Is the product ready for use? Is there a working prototype or MVP? How long until it is operational?

4.0
N/A
4 - Beta or initial rollout.
Appeal

How appealing is the product? How good or necessary is it? Does it have a distinct edge?

3.0
N/A
3 - Interesting.
Target User Base

Is it mass market or niche?

4.0
N/A
4 - Large audience / wide market.
Competition

Are there many other similar solutions or is this one of just a few, or even one of a kind?

1.0
N/A
1 - Many / much better competitors.
Innovation

How innovative or inventive is the product, either conceptually or technologically?

2.0
N/A
2 - Some, but nothing outstanding.
Product Score:
2.8

Use of Blockchain

Truegame’s contribution to blockchain development is in creating a new mobile internet casion using the Ethereum blockchain. The project’s primary disruptive advantage is in a future mobile platform enabling use via mobile iOS/Android applications. There is need for a custom token, which allows for pricing, betting, and settlements, as well as interaction on the platform, such as access to the casino and games, similar to gambling ‘chips’ at brick-and-mortar casinos. The contribution to the blockchain ecosystem is in developing a new blockchain based, cryptocurrency gambling and betting casino.

Category Breakdown
Blockchain Development

Is blockchain technology essential? Does it make the solution significantly different and better?

3.0
N/A
3 - Automation; making something easier to do.
Disruptive Blockchain Advantage

How disruptive is the introduction of blockchain technology into the product's market space?

3.0
N/A
3 - Potentially disruptive.
Need for a Custom Token (vs. BTC or ETH)

Is the token essential or could it be done just as well or better with fiat or Bitcoin?

4.0
N/A
4 - Token is essential to platform.
System Decentralization (besides token)

How decentralized is the system architecture other than the token (e.g., data collection, storage, access, and use, or decision making processes, etc.)?

3.0
N/A
3 - Hybrid; decentralized as far as circumstances allow.
Contribution to Blockchain Ecosystem

How compelling is the solution's contribution to the evolution of blockchain infrastructure and economy?

2.0
N/A
2 - Meh, okay.
Use of Blockchain Score:
3.0

Whitepaper

The whitepaper is professional and informative and provides a balanced mixture of media and textual explanation. The whitepaper is 42 pages in length and is easy to read and understand given the amount of media presented. The whitepaper provides high level information discussing the gambling market, problem and solution, platform operation and pRNG algorithm, comparison to other market players, token sale and model, financial model and business plan, marketing strategy, roadmap, the team, and risks. The business and technology plans behind Truegame are detailed and concisely explained including detailed textual and graphical explanations. References are provided in end-note form.

Category Breakdown
Comprehensiveness

Does it cover the full scope of the problem and solution?

4.0
N/A
4 - Satisfactory coverage, well written.
Readability

Is it easy enough to understand?

4.0
N/A
4 - Easy to read and understand.
Transparency

Does it candidly describe and disclose where the project now stands, how much exists and how much still needs to be done, etc.?

3.0
N/A
3 - Basic honesty with some hype.
Business Plan Presentation

Does it contain a viable, comprehensive business plan?

4.0
N/A
4 - Clear, well thought out, realistic.
Technology Presentation

Does it present a well thought out technological architecture? Does it address implementational challenges?

4.0
N/A
4 - Clear, well thought out, realistic.
Whitepaper Score:
3.8

Roadmap

A Platform roadmap is given on a monthly basis. Some development goals lie ahead but an audited public platform launch has already occured. The roadmap provides many monthly objectives and is very detailed in its intentions.

Major Future Milestones:
May 2018 Mobile App store
Aug 2018 Opening games between players
Sep 2018 Gambling Vertical Stage 3: Betting
Dec 2018 API for Third party services
2019 Platform expansion

Category Breakdown
Concreteness

Is there a concrete and practical development plan (vs. just a conceptual vision)?

5.0
N/A
5 - Professional.
Feasibility

Is the development plan realistic? Is it based on reasonable goals and timelines?

4.0
N/A
4 - Realistic.
Vision

Is there a larger, long-term vision?

2.0
N/A
2 - Riding the current wave.
Dependencies (services or capabilities)

How available, operational, or trusted are the other systems or capabilities on which the project relies?

4.0
N/A
4 - Available and trusted.
Current Position

Where is the project now, relative to its vision and plans?

4.0
N/A
4 - Past a few hurdles.
Roadmap Score:
3.8

Compliance

The Truegame tokens have intrinsic value through their planned usage on the Truegame platform by allowing for gambling and betting, collection of fees and winnings on the platform. The token’s main utility is as a tradable financial instrument, as it is used specifically as a means of fee payment and gambling. However, the token also functions as a means to access the network and ecosystem as a whole. The token smart-contract code is posted for review on the publicly accessible github repo. The whitepaper contains a disclaimer and a discussion of risk factors, and KYC is is enforced with a whitelisting process that includes ID document upload. The legal disclaimer states that the tokens are intended for use as functional utility tokens and and come with no warranties. The terms and conditions of the sale aim to absolve the company of any liability regarding the ICO and any problems that may occur, and provide a general statment that the tokens are not to be deemed a security and will comply with all laws in areas which the platform is offered.

Category Breakdown
Token Utility (value through usage)

How much use is there for the token itself (regardless of its value as an investment vehicle)?

5.0
N/A
5 - Foundational or varied use cases.
Token as Security (tradable instrument)

How valuable is the token as an investment vehicle or financial instrument?

2.0
N/A
2 - Primarily, with few additional rights.
Token/Smart-Contract Readiness

Is the blockchain infrastructure of the project ready for use? Is there a working prototype or MVP? How long until it is operational?

5.0
N/A
5 - Fully operational.
Attention to Compliance Issues

How much attention is given to compliance (via token and ecosystem design, token sale participation, etc.)? Is this issue addressed directly and coherently?

4.0
N/A
4 - Specific, detailed.
Legal Review/Risk Assessment

What kind of legal documentation (reviews or agreements) and risk assessment are provided?

5.0
N/A
5 - Professional and top-tier.
Compliance Score:
4.2

Company and Team

Truegame has an established team with 13 employees and 9 advisors.
The core team has experience in online gambling, web and front-end development, UX design, software engineering and algorithms, cryptocurrency exchange listings, marketing, online sales, advertising, finance, and law.
The advisors have very reputable backgrounds and include experience with Bitcoin.com, Microsoft, LottoLand, Auditchain, esports.com, Skolkovo and Megladon.
Almost all team members have verifiable work experience credentials via LinkedIn profiles, however some profiles provide little information. Some members of the team appear to be dedicated to other projects outside of Truegame.
Positives: The core team is well rounded and the CEO has experience in cryptocurrency projects.
Negatives: Not all members are fully dedicated to the project.

Category Breakdown
Company Stage and Foundation

Is the company already established? Has it raised funds before? Is it mature?

4.0
N/A
4 - Established with some fundraising history.
Background of Lead Team Members

Do we know who they are? Do they have LinkedIn profiles? Do they have solid, relevant backgrounds?

4.0
N/A
4 - Verifiable relevant experience.
Team Assembly and Commitment

Is a solid, fully committed core team in place? Do they have online (e.g. LinkedIn) profiles showing sufficient relevant experience? Is their participation transparent?

3.0
N/A
3 - Mostly assembled and committed.
Team Skill Set Relevance

Does the amount of talent and skill in each area seem to fit the project requirements?

3.0
N/A
3 - Correlated to project requirements.
Team Skill Set Balance

Is the team well-rounded (biz/tech/blockchain)? Is there sufficient talent and skill in all areas of required development?

3.0
N/A
3 - Somewhat uncertain, probably okay.
Company and Team Score:
3.4

Token Sale

Truegame Token (TGAME)
Token Price: 1 ETH = 9,250 TGAME
Total supply: 300 million TGAME
Soft Cap: $2 million
Hard Cap: $9 million

Token Allocation
70% Crowdsale (All the unsold tokens are burned.)
15% Team (12month freeze with 5% monthly vesting)
10% Reserve
04% Advisors
01% Bounty

ICO Proceeds Distribution
45% Attracting Players
33% Jackpot
12% Development
10% Legal

Stage Price in ETH Bonus Price in USD
Private sale 1 ETH = 18,500 up to 100% $0,060
Pre sale stage 1 1 ETH = 12950 40% $0.086
Pre sale stage 2 1 ETH = 12,025 30% $0.092
Pre sale stage 3 1 ETH = 11,100 20% $0.100
Main sale 1 ETH = 9,250 0% $0.120

Social Media Presence & Following
There is little community engagment and reception.

Category Breakdown
Raise Amount Max

Is there a clear cap? Is the maximum raise amount modestly sufficient (as opposed to either greedy or insufficient)?

4.0
N/A
4 - Well suited to needs and plans.
Raise Amount Min

Is the minimum raise reasonable considering the development plan? Are there raise-amount dependent milestones?

4.0
N/A
4 - Reasonable, sensible.
Fund Allocation

Is fund distribution and allocation reasonable and justified?

3.0
N/A
3 - Rough estimates, but sensible.
Token Allocation

Is the ratio of tokens sold to those kept reasonable? Does it prevent the company from having too much control?

4.0
N/A
4 - Most tokens sold, vesting periods on kept tokens.
Media Presence and Following

Is the sale being talked about in Reddit, Bitcointalk, Social Media, Medium, etc.? Is information available and accessible? Is there interest?

2.0
N/A
2 - Minor exposure and interest, or ambivalent reception.
Token Sale Score:
3.4

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