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BETGIL IS SET TO REVOLUTIONIZE REVOLUTIONIZE THE ONLINE GAMING INDUSTRY
About
BetGil is comprised of a two-part business and revenue model. BetGil will combine a revenue stream from RedSoft Online Gaming and Entertainment sites as well as GilPay a money transfer and payment gateway.
RedSoft is a white labeling iGaming solutions turnkey platform for anyone looking to start their own online gaming site. RedSoft has been established and operating since 2014 with a gaming license from Curacao. This service operates under the License No. 8048/JAZ, authorized and regulated by the government of Curacao. Since then RedSoft has currently over 1,000,000+ users and has done over $200,000,000 USD in bets. Gilpay plans to be accepted in hundreds of online stores and operate a secure payment platform. By participating in the Crypto Revolution, Gilpay intends to offer crypto-based payment cards and crypto payment processing.
BetGil Product Architecture
PSP Smart Contract
P2P Smart Contract-Based Gaming, but that which is customized to suit the online gambling industry in a way that will simultaneously service third party online gambling developers, and the end-users (players).
Texas Poker Architecture
On the BetGil platform, third-party developers can as well run through a smart contract with us after the ICO to launch their blockchain-based Poker Texas online gambling platform. Third-party developers will not be the only people to benefit from this Poker Texas gaming platform. End users such as players would also benefit rom this after the ICO when we have fully gained the online gambling license from various authorities and governments, which is currently in process.
Sports Betting Game Architecture
With the BetGil online gambling system, players would also have the ability to get involved with or play a range of sports betting game on existing platforms. Platforms such as Bet365, William Hill, BetFair are the ones players can get on with on our platform. Although we are still in the process of getting our license where players would have to play on the BetGil platform directly
Other Game Architecture
On the BetGil platform, we will not be limited to the above number of games. Other games are still in the development process, and their architecture will be made public as soon as they are released. What we want is a transparent and reliable gaming architecture included in all our games.
User Game Flows
With BetGil, you would enjoy the seamless flow of gaming activity without the usual disruption. With our concept, you only need to browse the game you want, choose it, activate your wallet on it, make a deposit (through a smart contract in seconds), play and end game, then withdraw your funds to your wallet anonymously.
Jackpot Slot Machine Architecture
The fiat-based jackpot slot machine is often referred to a s the one-armed machine because one lever often operates them. This makes it possible to exert influence on the game outcome leaving the player impoverished. But with the BetGil system, you play on an open source code platform, where all your wins are added to the Jackpot.
GilPay Payment Provider
Gilpay plans to be accepted in hundreds of online stores and operate a secure payment platform. Everything you need in your smartphone: payments, transfers, currency exchange, instant loans. Our goal – replace your bank
No limits on transaction volume
ApplePay, SamsungPay, AndroidPay, QR code
Contactless payments options
Integration with third-party payment wallets or services
The BetGil project has been in development since January 2018. The founding company RedSoft was established in 2013 and operates its gaming license from Curacao.
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The next generation TOK App-Blockchain
What is a TOK?
This is a multi-functional decentralized chat application built on Ethereum Blockchain. While offering users all the classic features of the chat application, it also offers a lightweight built-in cryptocurrency wallet. When communicating with family and friends through the TOK, the application will offer more functions compared to conventional instant messaging applications.
TOK is an integrated instant messaging application with features that are useful for personal and professional purposes. Webinars, collaborative documents, whiteboards, screen sharing, video broadcasts, advanced location features, and currency transfers are some of our main offers.
What is expected with the TOK?
The TOK will be a compatible bot on your computer and cellphone such as iOS, Android and Windows. All users will be able to download the application from their respective App Store after the development is complete.
Maps
Maps will be seamlessly integrated in the TOK. Users will have the option to enable or disable maps in their application. GEO Location Features are part of the map. Once activated, users will be able to see their friends and their location in real time.
GEO location
The TOK will help users see where their friends are and their immediate status on the map:
-Users will be able to see if their friend is moving.
-Or in one place, Zoom in and users will be able to see their accurate location.
-The GEO Location feature on the TOK will allow users to send alets to their friends if they are in trouble or in an emergency and need help.
Share screen
Users will be able to share the screen with their contacts. This is one of the most important features of the Application especially for Businesses using the application. Users will also be able to secure their Screen by activating or deactivating the screen capture option when sharing their screen.
Collaborative Documents
This feature will allow users to work in collaboration if needed. Whether it's for business, simple student projects, or even family projects, with collaborative documents users will be able to share their work in the process of documents with others. They will have the option to choose who can view and edit documents and change settings according to their needs.
Webinar
Users can visit or attend webinars through this feature that is present in the TOK application. First of its kind features in instant messaging applications, the Webinar will be a game changer. Users need to purchase TOK credit to take advantage of this feature. The webinar hosting person will have the option of hosting a free or paid webinar. Free webinars will have a time limit and will be available for a limited period of time to be seen. For paid webinars, viewers will need a TOK credit to attend or view the webinar later.
Purse
Built-in light weight cryptocurrency wallet is one of the core features of TOK. Our users will be able to send and receive among the TOK community via their wallet. By using token tokens, users will also be able to buy or subscribe to premium services such as Webinars.
Instant Messaging Application
Increased use of smartphones and internet penetration gave birth to many instant messaging applications in online communication. People prefer to use IM than conventional text and MMS communication methods. Instant messaging allows users to interact in real time, check whether their messages have been received or even read by users, making them more comfortable. One of the main advantages of instant messaging is its free use, the simplicity of their user interface (ease of use) and wide availability on all platforms and mobile devices.
There are so many instant messaging applications on all platforms available to users globally. There are applications that have embedded read features and SMS experience, exceeding the capabilities and costs of traditional SMS. In instant messaging applications, message length is not limited to a few words or characters and users can share different formats such as photos, videos, voice notes in a smooth way.
The following are the main factors that influence the development of the instant messaging market:
Ease of using mobile devices that support the internet and its increasing popularity.
Adoption and increased use of social networking sites.
Increased communication needs in real time.
Increase interest for intimate forums, group chats or discussion platforms.
Multimedia features that enhance the online communication experience offered by instant messaging applications.
Increased peer-to-peer payment trust and E-commerce.
Technical Benefits of TOK
Decentralized Architecture - TOK architecture is developed based on P2P communication without server participation and hence data is not stored anywhere at any given time.
Security
The use of asymmetric end to end encryption along with peer to peer connections on the TOK eliminates the possibility of interception of user correspondence.
The absence of Single Point of Failure-TOK does not use servers to exchange messages, as well as to make audio and video calls, therefore, there is no central connection, damage that can lead to unavailability of services.
Application of Smart Contracts - To attend or view webinars, users need to pay. Either the host or participant pays to use this service payment made through a smart contract on the Ethereum platform using TOK tokens.
Confidentiality
The absence of a server that stores user correspondence does not include disclosure of this information at the request of government agencies or hacker attacks.
Crpss-Platform Version- The TOK application version was developed for all popular platforms.
TOK Token Allocation
4% is allocated to the Advisory Board.
5% allocated for Bounty, Referrals, Community Bldg
6% is allocated for Market Penetration.
10% is allocated for funds and growth reserves.
10% is allocated to the core team.
65% is allocated to Pre-sales investors and ICO.
TOK Wallet functionality
The TOK application will contain a built-in lightweight wallet that will allow users to safely store and transact using TOKEN tokens and other compatible ERC20 tokens. Users will be able to buy and sell products or simply transfer tokens to each other using a wallet.
To use the Webinar service, users will be asked to purchase previous TOK credits using TOK tokens.
All transactions that occur using the TOK wallet will be recorded on Ethereum Blockchain.
Technology - Ethereum Blockchain
Ethereum Blockchain is not made to be a platform that creates and records general ledger information from the transfer of default blockchain tokens. It was instead made with more in mind the general and public blockchain with the Truing-complete programming language. This allows people to write programs with customized transaction formats and even special transition functions, basically determining the rules they want to manage their transactions and allowing the blockchain to interpret these rules. This is called a Smart Contract.
This Smart Contract on the blockchain Ethereum has its own address and digital assets, which means that there is the ability to send these assets to other parties using the rules set out in the contract programming code. What is brilliant is that transactions are seen by every party in the network. Smart contracts can be used across the board to serve various purposes, because they can enforce complicated rules and even automatic incentive structures for not only cryptocurrency but also multi-party protocols such as auctions and more.
The advanced features and active ecosystem of the blockchain Ethereum make it the most suitable for the TOK Protocol.
TOK Advisor
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ELAD Bilockchan Real Estate
Blockchain real estate. Several industries have recently discovered the large amount of positive utility that blockchain technology has in their space. One of those industries becomes the real estate industry. Real estate remains the largest asset class in the world. According to Fortune, the London-based real estate consultant, Savills, recorded the value of all global properties, including commercial and residential properties and forest and agricultural land. According to their calculations, the total global real estate valuation reaches a total of $ 217 billion, and residential properties represent approximately 75% of the total value.
Note: These figures were calculated on January 26, 2016.
Yolande Barnes, head of Savills global research, said: “To give context to this figure, the total value of all gold extracted is approximately US $ 6 billion. This sum pales in comparison to the total value of the property developed by a factor of 36 to 1. ”
There was a critical conclusion that Savills drew from his study. As Barnes puts it, "Real estate is the preeminent asset class that will be most affected by global monetary conditions and investment activity and which, in turn, has the power to impact national and international economies." The state has played and will continue to play a huge role in the world economy.
However, as with most traditional businesses, some problems are seriously affecting the real estate industry. Let's look at some of these pain points.
The biggest problems with the traditional real estate industry
# 1 Not open to all
Real estate has long been the investment option of the rich. Very few assets manage to provide the same degree of passive income and capital appreciation. The problem is that the barrier to entering the real estate market has always been extremely high. These barriers can be citizenship, international bank accounts, credit scores, financing, cash requirements, accreditation and have access to the appropriate sponsors and fund managers.
If you plan to invest in another country, you must make at least one international trip and visit the property. You will have to spend a lot of time and go through several intermediaries to invest in the property of your choice.
# 2 Serious lack of transparency
The Panama Papers controversy showed us the depth of corruption and dishonesty in the real estate business. A greater degree of transparency can fight corruption, tax evasion and money laundering. According to the United Nations, $ 800 billion - $ 2 billion is washed globally each year. A significant amount of it is washed through real estate. The United Nations Office on Drugs and Crime estimated that this figure is in the region of $ 1.6 billion in a single year.
To understand why this is a big problem, think about this: according to Global Financial Integrity, almost 80% of the estimated $ 1 billion left to developing countries in these illicit financial flows could be taxed to provide income for the public spending on global challenges such as infrastructure and climate change.
# 3 High fees
If you are investing in international real estate, these are some of the fees you will have to pay: exchange fees, transfer fees, broker fees, attorney fees, taxes, investment fees, etc. Due to the total number of intermediaries involved, foreign real estate investment can be an expensive process. In addition, you should keep in mind that you should also consult lawyers and accountants to make sure your tax returns are in order.
# 4 lack of liquidity
Now we come to one of the most important problems with real estate. They are notoriously difficult to liquidate. Liquidity is defined as the speed with which an asset or investment can be converted into cash. The reasons why real estate is not as liquid as cryptographic are because:
Cryptocurrencies can be included in a public exchange and sold quickly during open hours.
The number of buyers for cryptography is much more than for real estate. The liquidity of an asset is directly proportional to the offer of buyers. The problem with real estate buyers are:
First, the entry barrier is very high when it comes to real estate.
They do not seek to buy any property that is far from where they live (except in the case of international real estate).
Real estate transactions have many third parties involved, so transactions are stuck by fees and regulations. This discourages potential buyers.
Even if you find some buyers, you will be locked in a long transaction process, and there is a good chance that it will end in failure. # 5 Price commitments
Investment in real estate requires a lot of capital upfront. Most of the time, investors have to look for expensive alternative financing methods. Also, when it comes to international real estate, having an excellent credit rating in your home country will not be transferred to the country in which you wish to invest.
Transaction Speed # 6
As we have mentioned several times, real estate transactions can be extremely slow. According to the International Survey of International Travel of Consumers of Juwai, 56% of Chinese investors spend more than a year finding their ideal investment property in the USA UU. In general, it can take six months to find a property and another six months to complete all the necessary procedures to acquire it.
Given all these factors, you can see why the real estate industry is paramount for the disruption. This is where the blockchain comes in.
Blockchain Real Estate
A blockchain is, in the simplest of terms, a series of immutable and time-sealed data records that are managed by a group of computers that are not owned by a single entity. Each of these data blocks (i.e. block) is secured and linked to each other using cryptographic principles (i.e. string).
The three main properties of the blockchain are:
Decentralization: all data that is stored within a blockchain is not owned by a single entity.
Transparency: all the data that is stored within the blockchain can be seen by all who are part of the network. Each individual data can be traced to its origin.
Immutable: all the data found within the blockchain cannot be manipulated due to cryptographic encryption functions. The blockchain introduces several utilities in the real estate ecosystem, among which are:
Smart contracts
Tokenization Contracts
Smart Smart contracts are automated contracts. They are self-executing with specific instructions written in their code that are executed when certain conditions are met. Smart contracts are a series of instructions, written using the "solid" programming language, which works using IFTTT logic, also known as IF-THIS-THEN-THAT logic. If the first set of instructions is finished, execute the following function and then the next one and continue repeating until you reach the end of the contract.
The best way to understand it is to imagine a vending machine. Each step you take acts as a trigger for the next step to execute. The most important part of this complete interaction is that you (the buyer) are directly contacting the vending machine (the supplier). At no time are you dealing with a merchant (an intermediary).
Also, remember that smart contracts are created in a blockchain, which makes contracts immutable and transparent (unless privacy features are used). Let's review the main benefits that smart contracts can offer.
Benefits of smart contracts
The most obvious benefit is that it will eliminate all intermediaries. Imagine how much money you can save by eliminating all brokers, banks and lawyers. With them without charging their standard cuts of 2-5%, you will be saving a small fortune.
Smart contracts will also significantly accelerate real estate transactions. As we mentioned before, real estate transactions can take months, and this is mainly due to the large amount of bureaucracy, intermediaries and lack of transparency that must go through. Government regulations, however, will eliminate intermediaries, as mentioned above. In addition, all the various data related to the property can be saved as a hash file within the blockchain. If you are interested in knowing more about a particular property, you can exploit the transparency of the blockchain to track all the information you need. Imagine how much time you will save compared to the more traditional approach of the average man.
Finally, smart contracts can protect owners from property fraud. It is possible to link the digital property of your property, documents and contracts directly to the blockchain. Once inside the blockchain, it is impossible to manipulate or alter it. The governments of Andhra Pradesh and Telangana in India are using blockchain technology to fight property fraud. We have covered this in detail here.
Tokenization
According to Wikipedia, “Tokenization, when applied to data security, is the process of replacing a sensitive data element with a non-sensitive equivalent, called a token, that does not have an extrinsic or exploitable meaning or value. The token is a reference (that is, an identifier) that is assigned back to confidential data through a tokenization system. "
In simple terms, a token is a digital representation of a real-world asset, value or function. One of the most exciting use cases of blockchain technology is that it helps tokenization of real-world assets. This tokenization will not only increase the liquidity of traditionally illiquid assets, but will also make it possible to trade those assets without a third party. Think about it, instead of buying a property, you are buying simple tokens from an exchange.
Does this seem a bit exaggerated? Well, according to the World Economic Forum, in the next ten years, 10% of the world's GDP will be stored in crypto assets. That is worth $ 10 billion in assets stored as tokens.
A deeper insight into the tokens The
Tokens in the blockchain space are generally classified into three categories:
Payment currencies: These are the "cryptocurrencies" with which we are all familiar. Bitcoin, Litecoin, Ethereum, etc. They can be used as currency both inside and outside your platform.
Utility tokens: Tokens that fulfill a particular utility or function on their platforms are called utility tokens. Utility tokens can grant holders the right to use the network and / or take advantage of the network by voting within the ecosystem. The Golem GNT is an example of a utility token.
Security tokens: A token that derives its values from a negotiable external asset is called a security token. These are subject to federal values and regulations. This is the category that will be used to tokenize real estate.
Fractional ownership through tokenization
One of the most interesting results of tokenization is fractional ownership. This is especially interesting when it comes to expensive assets such as real estate. Instead of one person owning a property, it is possible for several people to buy property tokens and be co-owners of the building.
To understand how this will work, let's take a hypothetical example.
An average beach house in Malibu costs ~ $ 650,000, which is out of budget for most people. However, suppose the seller tokens the house. After that, five people for every $ 130,000 of these tokens each and jointly own the house. When the transaction is completed, these five enter into a multi-signature smart contract based on home ownership.
A multi-signature smart contract will ensure that any decision made regarding the house is agreed by the majority of the owners. Since the contract is automatic and executable, it will not require any supervision and will force the co-owners to be honest.
Advantages of tokenization of real estate.
Fractional ownership decreases barriers to entry by an amazing amount. Real estate no longer needs to be the playground for the rich. Instead of saving and taking loans to buy an expensive asset, you can simply buy a fifth of that asset. A multi-signature smart contract will ensure that joint owners adhere to honest behavior.
Tokenization increases liquidity by a considerable margin. Instead of waiting forever to sell your property, you can go to an exchange and liquidate your tokens.
It allows greater portfolio diversification and risk reduction. Instead of saving all your money on a single property, you can use the same money to buy fractions in several properties.
How will Blockchain Real Estate change?
Blockchain technology will allow the democratization of real estate. It will open the doors for potential investors from around the world to prove their investment in real estate. If executed correctly, this can also be enormously beneficial for the encryption space, as it will increase the real-life utility of the tokens. The scary part is that we just scratched the surface of what could be possible through the union of blockchain and real estate. Hopefully, we will soon see more exciting use cases.
Road map
TEAM
CONSULTANTS
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