Download as pdf or txt
Download as pdf or txt
You are on page 1of 18

The Cryptocurrency

Revolution in Online
Gambling
ABSTRACT

This paper explores the role of blockchain technology and cryptocurrency


as an emerging safety precaution for the challenges faced by the online
gaming and betting industry. Hype.Finance is a leading pioneer in
decentralized finance (DeFi) for the gambling industry. The current
sports betting market generates around US $120B in revenues, and with
legislation measures on sports betting continuing to become more lenient
in the United States, the industry is expected to generate between $300B
and $400B annually within five years. Hype.Finance provides both a
cutting edge Live Casino as well as a powerful cryptocurrency specially
designed to meet the needs and solve the challenges of the digital gambling
industry.

1
INTRODUCTION

Digital technology has changed the way people understand traditional


banking and finance options. With the introduction of digital finances,
for example, credit cards and online banking, and more recently the use of
cryptocurrency as a viable payment option, our society has begun to move
away from traditional, physical fiat money. Cryptocurrency has created
an option for individuals to invest in a form of currency not controlled or
manipulated by any government entity.

These revolutionary changes create an environment where concerns


about digital privacy and financial security can be addressed by emerging
businesses like Hype.Finance.

The casino industry produces large revenues; in 2016, global land-based


casinos had a total win from gamblers of about 450 billion U.S. dollars.
Digital gambling is still an emerging market with portable technologies
like smartphones fueling growth. While many individuals are rightfully
distrustful of online sports betting, Hype.Finance strives to create a simple
and fun online gambling environment where participants know that their
funds are secured by the latest Blockchain technology.

2
CRYPTOCURRENCY MARKET
Cryptocurrency is a digital asset designed to function as a form of
currency that can be exchanged for goods and services. A digital record of
coin ownership is stored in an encrypted database that acts as a ledger. The
database records coin transaction records, the creation of new coins, and
keeps a record of current coin ownership. The most trusted digital ledger
used by most major cryptocurrencies is Blockchain.

According to the latest report by the Cambridge Centre for Alternative


Finance, the total number of unique active users of cryptocurrency wallets
is valued between 2.9 million and 5.8 million. It is impossible to know
precisely how many people use cryptocurrency due to the heightened
privacy that is a core feature of the technology.

The estimated number of unique active users of cryptocurrency wallets


has grown significantly since 2016 to between 6.7 million and 34.6 million
in the year 2019.

3
ONLINE GAMBLING
INDUSTRY OVERVIEW

Sports Betting

According to a recent American Gaming Association report, it is estimated


that around $100 billion to $400 billion is bet every year on sports betting
alone, creating a gross income between $5 billion and $20 billion. The
global sports betting market is estimated to grow by around $144.44
billion between 2020-2024. Online betting allows anyone to place a bet at
any time from anywhere.

4
Live Casinos

The concept of a digital live casino first took hold in the mid-90s and
immediately caused considerable waves in the gaming community. The
gambling industry quickly took advantage of technology developments
to improve graphics and eventually add in live dealers. People could now
experience the excitement of an in-person game — someone who could
deal, pay, and communicate with the player — from the comfort of their
own home.
Real-time gaming has become a staple part of most online casinos. The
original live casino had one dealer, one table, and generally one game —
blackjack. Today, you can play a wide range of live casino games, from
roulette to live baccarat. Some casinos even offer mini side games that can
be played while you wait to join a live game.

5
INDUSTRY CHALLENGES

• The online gambling industry faces several challenges.


• Analysts’ predictions are often not reliable.
• Rise of competitive video games.
• VR technology limitations.
• Liquidity of financial assets.
• Green issues.
• Mistakes in data input that result in incorrect resolutions.
• An archaic payout system that creates significant withdrawal delays.
• Errors in line setting resulting in voided payouts.
• Untraceable money for customers and winners.
• High market volatility.
• High transaction fees.
• Security concerns.

Hype.Finance seeks to create a platform that addresses all of these issues.


In a conventional online wager transaction, the data travels between
agents, data providers, operators, and regulatory bodies, leaving a lot of
opportunity for data discrepancy. Hype.Finance understands the need
for assurance that all betting data is being delivered safely without any
tampering and that all bets are resolved quickly and accurately. By using
Hype.Finance Token to bet, your bet is secured with Hype.Finance’s
smart contracts and entered into a Blockchain ledger. The entire wager
is handled by decentralized parties. Moreover, the automatic execution of
smart contracts ensures that the transactions are recorded as intended.

6
BLOCKCHAIN TECHNOLOGY’S ROLE IN
SPORTS BETTING AND CASINOS

Blockchain is the next digital revolution in online betting and live


casinos. Betting is made secure by a streamlined, decentralized payment
mechanism. Funds are transferred directly from your digital wallet, bet
positions are made digitally, and then funds are easily paid back to your
digital wallet. The decentralized infrastructure mitigates the risk of betting
houses setting their customers up for failure.

This technology is also applicable to physical casinos. If a player wants to


cash in or cash out at a casino, they will simply need to scan a QR code and
validate the transaction on a tablet or smartphone app of a casino employee
with their fingerprint or facial scan, both of which will be secured by the
casino’s blockchain technology. All of this can be handled instantly by
smart contracts and does not entail any intervention by the employee.
Both transactions and user accounts, shared by all chain casinos, will be
stored on the blockchain ledger.

7
HYPE.FINANCE SOLUTION

The Hype.Finance solution to the challenges faced by the modern online


gambling industry is two-fold. First, Hype.Finance is an innovative
cryptocurrency aimed directly at supporting the unique needs and
challenges of the digital gambling sector. The Hype.Finance platform
utilizes smart contracts that allow user’s money to stay safe in their wallet.
Hype.Finance is developing key partnerships to adapt their innovative
technology to be used by several different online and physical gaming
establishments to give players a broad range of gaming options. The
platform will encourage the decentralization of the modern online casino
and sports betting industry through the utilization of its native token.
Hype.Finance Token will have a secure payment system, which is resistant
to hacking.

Second, Hype.Finance Casino is an online gaming site built to effortlessly


incorporate all the conveniences of Hype.Finance tokens and create the
most advanced online gaming site available to users. Hype.Finance’s live
casino will have live dealers on multiple table games including roulette,
blackjack, baccarat, casino war, and slot machine games. The betting
environment is community-friendly with a customer favorable margin
system. Hype.Finance offers an innovative use of augmented reality
technology and allows players to share their faces via video if they choose
to. The platform is available on both desktop and mobile devices. The
betting platform has a 365 bet style, straightforward and easy to use.

8
Hype.Finance Token will not block investors’ withdrawals or accounts
due to high earnings. Funds are easily accessible from investors’
wallets. Hype.Finance Token holders will receive 50% of the
gambling betting platform profits. Both novice and experienced
betters can benefit from the Hype.Finance Token platform.

• Untraceable Money for Customers and Winners


• Decentralized Exchange
• Fast Payment Solutions
• No Identification Documents Required
• Increased Profits for Bettors
• Bonuses for Token Holders
• Transparency
• Secure Digital Wallets

Hype.Finance Tokens create a platform where users can enjoy a simple,


but innovative gambling experience that ensures user privacy and security
and offers a higher profit opportunity for investors.

9
CORE FEATURES

• Online Live Gambling Platform


• Sports Betting Site
• Online Live Gambling Mobile App
• Sports Betting Mobile App

BENEFITS OF USING
HYPE.FINANCE TOKENS

• Blockchain is essentially unhackable, this is currently the highest


level of financial security.
• The Blockchain network facilitates fast cross-border transactions
without fees.
• Players have full ownership of their money, this information is
registered on the blockchain ledger and the data cannot be tampered
with in any way.
• Playable money becomes liquid and easier to manage.
• Blockchain enables person to person transactions.
• Biometric security can be enabled by a mobile app.
• Players can quickly and easily borrow money from other players.

10
PURCHASING
HYPE.FINANCE TOKENS

Hype.Finance Token can be bought via our platform using ETH or fiat.
The Hype.Finance Token platform will be created on the Ethereum
Blockchain. It will allow smart contracts to handle subscription fees,
transactions, and investor payments; a much faster option than the
traditional betting platforms. Before the exchange launches, users will
only be able to swap our tokens for ETH on Uniswap. This ICO is fоr
аn еxiѕting ERC20 token initiаtеd bу Hype.Finance Token. Thе initial
number of tokens issued will be 10,000 tokens. Hype.Finance is the рrоfit-
linked ERC20-utility tоkеn offered by Hype.Finance Gaming & Lottery
Inc.

Hype.Finance will be launching a new token called Hype. Bet Token,


which will be used only on our gambling platform.

Thе token can bе purchased directly frоm


https://www.hype-finance.com.

11
TOKEN STRUCTURE &
TOKEN DISTRIBUTION

Total supply: 10 Thousand Tokens

50% Presale with (LID PROTOCOL )

45% Lock Liquidity with (LID PROTOCOL)

5% Casino Vault

12
USER FLOW AND DESIGN

The Hype.Finance Token platform will have a user-friendly interface for


our Gambling and sports betting, which will be available for both desktop
and Android / IOS downloads.

Our platform is safe and secure from hackers. We don’t hold your money
nor require your identification document to have access to our platform.

13
HYPE.FINANCE TEAM

Hype.Finance has built an experienced management team with a


wide range of expertise and talents. These experts include specialists in
cryptocurrency, gaming industry, banking operations, Blockchain and
peer-to-peer technologies experience, artificial intelligence expertise, and
cyber threat security management. The team has years of experience
running high-tech ventures and providing the highest quality products
and services, making it easy for our partners to thrive with us.

ANTHONY FRANCIOTII
CEO

ZHANG YINLIN
Head of Gambling Department

MIKE SULLIVAN
Head of Sports Betting Department

ROBERT SANTOS
Head Technical Support

RITA FRANCIOTTI
Head of Blockchain Support

PETER SOUSA
Spokesperson

DOMINIC PIETRO
Content Creator

ALEXANDRA SANTOS
Head of Exchange Department

14
ROADMAP

2020 Q2
• 1st Round Raising Fund (600K USD Goal)

2020 Q3
• Expanded Development Team
• 2nd Round Raising Funds (1.2M USD Raising Fund)

2020 Q4
• Website Launch
• Developing Online Live Casino/Sports Betting Platform
• Hype.Finance Token Public Sale w/ LID PROTOCOL
• Hype.Finance Token Exchange Listing (Uniswap)
• Hype.BET Token Public Sale w/ LID PROTOCOL
• Hype.BET Token Exchange Listing (Uniswap)

2021 Q2
• Official Launch of our Online Live Casino / Sports Betting Website
• Develop Mobile App (Android/iOS)

2021 Q4
• Mobile App Official Launch for our Live Casino and Sports Betting
Platform
• Development of our own Crypto Exchange
• Global Marketing Campaign for our Platforms

2023 Q3
• Hype.Bet Token Used in All Online Casinos

15
CONCLUSION

Hype.Finance Token is designed to address the challenges faced by the


cryptocurrency, gaming, and sports betting industries. Hype.Finance
Token presents earning opportunities to game lovers and sports bettors
in ways that were not previously possible in the gaming industry. Hype.
Finance Tokens allow individuals to earn real rewards directly correlated
to their participation.

Hype.Finance’s ultimate goals are to:

• Build a simple, profitable sports betting platform for its users.


• Develop a powerful and secure cryptocurrency that is a trusted
means of payment in the digital gambling industry.
• Make Hype products available worldwide on all online gambling
platforms.
• Make gambling and sports betting a safer experience.
• Fair distributions of gambling profits for all token holders.
• Plays can get unlimited wins without getting banned or restricted
from betting.
• 100% privacy; no data or documents are stored about the
customers.
• A safe, secure, and fun gambling experience.

16
LEGAL DISCLAIMER

Hype.Finance Token users must be 18 years of age or older to register, bet,


and play any of the games on the platform. Participation in games may
result in financial losses, with players bearing any possible risks. Players
are advised not to spend more than they can afford to lose within the
platform’s games.

Hype.Finance Token involves cryptocurrencies and token mining.


Players must abide by local and national rules, prohibitions, and laws of
the jurisdiction in which they live while engaging in token mining and
transactions of cryptocurrencies. It is the responsibility of the players
to avoid violation of any applicable laws and regulations. Hype.Finance
Token does not make any form of commitment or guarantee of the
intrinsic value and appreciation of the Hype.Finance Tokens.

17

You might also like