TrueFlip ICO: Company Review and TFL Token News Updates

TrueFlip TFL ICO Guide: Bitcoin Gambling Blockchain Lottery Tokens?

Trueflip was one of the most successful outcome prediction based initial coin offerings of 2017, and now offers a diverse range of different products and options. The Trueflip platform is a unique alternative to the lotteries that are available in the traditional market, which are mostly controlled by governments and other centralized institutions.

While traditional lotteries may be popular, they are often questioned regarding their fairness and transparency, and are often the target of fraud and corruption, as well as the way in which prizes are distributed. The Trueflip platform offers a completely transparent, provably fair alternative to these traditional lotteries based on blockchain technology.

In this article, we’ll take a look at the Trueflip platform and find out what it offers to help you determine whether it’s the right online lottery system for you.

What Is TrueFlip?

The Trueflip platform offers players a truly anonymous blockchain based lottery system with a diverse set of features. Trueflip delivers an open source code that is provably fair, instantaneous payouts, and a completely transparent prize fund.

Trueflip is a powerful example of how blockchain technology can be used to decentralize traditional systems, and is currently revolutionizing the online gambling industry through the innovative use of blockchain tech, and uses Bitcoin- the most valuable and popular cryptocurrency in the world– to distribute winnings.

The Trueflip platform has now been operational for almost one year, and boasts thousands of registered users. An interesting feature of the Trueflip platform is that it allows all users to participate in the decision-making process when new features are incorporated into the site.

Trueflip also offers a token distribution model that distributes between 10% and 15% of all profits generated from ticket sales on a three-month cycle. Earlier in 2017, Trueflip launched an initial coin offering that succeeded in generating more than 2,000 BTC.

The Trueflip development team is currently in the process of using these funds to introduce a range of innovative features into the platform, notably a completely redesigned user interface. The new Trueflip platform hosts a variety of new and different games.

The Flagship game on the Trueflip platform is a daily draw that offers more than 400 BTC in the jackpot. Another game recently launched on the Trueflip platform is “Rapid to the Moon”, which ties draws to every new block in the Bitcoin blockchain- every ten minutes or so- with 15 BTC in the prize fund.

A number of other changes have been introduced as a result of the ICO, such as the new, reworked “Token Holder Profile” that delivers a cleaner, more user-friendly data sheet and format. Interestingly, Trueflip has also begun to accept TFL tokens for gaming. One Flip Star ticket, for example, is now priced at 0.5 TFL.

TrueFlip Verdict

At the time of this report, Trueflip tokens- TFL- have a market cap of over $8 million, with one TFL trading at $1.33. What began as a simple once-daily jackpot platform has grown into a fully-fledged real-time gaming platform. If you’re looking for a transparent, honest, and interesting take on gaming on the blockchain, Trueflip is definitely worth taking a look at.