In recent years, there has been a shift from traditional casinos to online gambling platforms. The shift was due to some obvious reasons and the convenience it brought for people to play games from the comfort of their homes. Online gambling also provides additional privileges and bonuses that traditional casinos don’t. However, online gaming platforms are vulnerable to security threats and attacks. For instance, a few years back scammers were found to be using small cameras and computers to examine the order of cards and how they would play out.
But with the ever-evolving technology, and the introduction of the disruptive blockchain technology, the online gaming, and betting industry has become secure, transparent and fair. Leveraging blockchain technology, YOUnited has developed a one of its kind, decentralized online betting and gaming platform. The platform advocates a truly fair and social gaming environment that eliminates house interactions. The project strives to promote a ‘player against players’ approach where all winnings are distributed amongst the winners.
The Technology
YOUnited is built on the UNTD blockchain technology that works on a DPoS consensus protocol that ensures sustainability with a transaction fee of 0.1% and smart contract execution fee of 1% that is deducted from the final winnings. The platform also provides users access to 3 types of electronic wallets which are web wallet, desktop wallet and mobile app. Built-in digital exchanges are integrated within the platform allowing users to perform internal trading directly from their wallets.
Product
Initially, YOUnited will be launching six games that will run on blockchain technology. These games are Lotto, Jackpot, Russian Roulette, YOUnited wheel, Dice and Rock, Paper, Scissors. The players will also have access to quick & skill games, sports betting and traditional casino games. The games will not have any house interaction or house fees and the players will play against each other. The winnings will be distributed amongst the players that win the game. The project also has an MVP of two lotteries and demo games that are currently in Alpha version.
The UNTD coin is the native coin of the platform that fuels the entire ecosystem. It will be used as a playing chip to place gets, enter a game or to pay for prize pools or affiliate program pay-out. UNTD is pegged at a price of 100 UNTD = 1 USD.
With this unique concept, YOUnited seeks to transform the ideology of ‘At the end of the day, the house always wins’ to ‘At the end of the day, a player wins’. With this ingenious project, fair play in gambling and betting is achievable.
Pitcher Perfect by UCIM
The team will be attending the Pitcher Perfect event organized by UCIM on 21 June in Hong Kong. Pitcher Perfect will be providing a pitching stage to YOUnited along with other nascent projects to present their unique and creative ideas in front of a jury. These projects will also have an opportunity to network and connect with industry leaders, high-profile investors and like-minded visionaries. Leveraging strategic partnerships, investments or industry knowledge, the projects will unwind over dinner and drinks.
