Introduction
TRONbet is a decentralized gaming platform on the TRON network. Decentralized Apps (Dapps) are computer programs that use the blockchain technology to run over a safe and secure network. There are no controls or interferences from any central authority.
TRON is a blockchain-based network founded by Justin Sun, a young Chinese entrepreneur. The TRON network is scalable and capable of handling about 2,000 transactions per second. TRON’s proprietary cryptocurrency token is the Tronix (TRX). It was originally created as ERC-20 compliant on the Ethereum mainnet before it was migrated to the TRON network as TRX. As at today, 1 TRX is valued at $0.024141. At the moment, 3 tokens are supported on the TRONbet Dapp; TRX, ANTE (TRC 20) and BTT (TRC 10).
TRONbet promises to keep wealth distribution at its core while revolutionizing the way developers adopt the blockchain technology. The profits are redistributed to ANTE holders proportionately. The ANTE is TRONbet’s native token. It is the TRC-20 token on the TRON blockchain and the reward received by players for playing games on the TRONbet Dapp. Only 100,000,000 ANTE will be minted and this number will not be increased. The ANTE tokens are mined by playing games on the TRONbet Dapp. ANTE holders need to freeze them so that they can receive a fair share of the dividends. ANTE can also be bought and sold. The ANTE token distribution pie chart is shown below:
The official website (www.tronbet.io) is available in 8 languages: English, Simplified Chinese, Korean, German, Russian, Portuguese, Spanish and French.
TRONbet has over 2,200 users from all over the world. It estimated that the weekly betting volume is around $41 million. The TRONbet Dapp is strictly for adults who are at least 21 years old and not from a country where gambling is restricted.
TRONbet Games
As at today, 3 games are available on the TRONbet Dapp. They are the Dice, Moon and Ring. To play any of the games, the player must login to the TronLink wallet. TronLink is an interactive Chrome browser extension. It is used for signing, receiving and broadcasting TRON transactions. TRONbet is only available on the Chrome browser at the moment. The TronLink extension can be downloaded and installed from the Chrome Web Store. After installation, a success message is displayed and the user is prompted to choose a password, create a new account, choose an account name and complete the mnemonic confirmation. The TronLink wallet is created and is ready to be funded. The wallet address can be copied or the QR code scanned.
Dice Game:
To play the dice, a minimum of 10 TRX is required. Drag the slider to select the desired prediction number to ‘roll over’ or ‘roll under’. Select the bet amount and multiplier. The ‘payout on win’ and ‘win chance’ displays. For ‘roll over’, the win chance increases when you select low numbers on the slider. The opposite is the case for ‘roll under’. Click on ‘roll over’ or ‘roll under’ to roll the dice. If the game is won, the payout amount is added to the player’s TRX balance. If the game is lost, the same amount is subtracted.
Ring:
RING consists of 54 colour blocks in 4 different colours; grey, red, blue and Gold. The player bets on the colour that will be selected by the ring pointer after a spin. The bet amount and the colours are selected. You can bet on one, two, three or all the colours. If the RING stops at the colour that player bet on, the game is won and the player gets a reward corresponding to the multiplier. If the player loses, the bet amount will be deducted. This game also has a duel version which can be played by two or more players.
Moon:
To play the moon game, enter the bet amount and auto-stop value from 1.01 to 9999. Then, click on BET and the moon graph starts. The line starts multiplying from 1x at 0 seconds and keeps going up until it crashes. If you successfully stop the line before it crashes, then, you win. The win amount is equal to the bet amount times the multiplier it stopped at. But, if you couldn’t stop before the line crashes, the game is lost. The moon game multiplier is unpredictable and can stop at anytime.
The players are at different levels (0-99). This can be found on the user profile. Certain features are unlocked as the level progresses. For example, at level 15, daily tasks are unlocked. The player completes the tasks to receive rewards.
TRONbet Potentials
TRONbet is just a few months old and yet, it is frequently headlining the news. TRONbet received a resounding welcome from the gaming community when it was launched in October 2018. The games are simple, additive and rewarding. On the first day after its launch, it was played 10,000 times. People were so excited at the simplicity and the reward scheme of the games.
Gamers, developers, investors and the entire blockchain community seem excited about this product and its potentials. Here are some of the reasons why:
- TRONbet is a fair system because it is community owned. All TRONbet games are executed as smart contracts on the TRON network. Most betting odds do not have a fair reward system for winners. Popular game owners design their odds in such a way that it favours them more than the winners. But in TRONbet, profits are distributed and there are no transaction fees. The odds are fair and this is one of the reasons why users were impressed right from the initial launch.
- The TRONbet team has also promised to continue to add new games to the TRONbet Dapp platform. Already, 3 new games have been announced and will soon be live. They are TRONlive, TRONslots and TRONpoker. TRONlive is a live casino game. TRONpoker is a card game while TRONslots is a slot game. This will attract more players, popularize the TRONbet Dapp and create more profits for the investors.
- The TRONbet developers state that they have plans to include advertising options which will utilize cost per milli or per banner/time basis. Revenues realized from the adverts will be transparent to all users and will be redistributed to all ANTE holders. With such a potential large community, advertisers will find the platform perfect to showcase their products and services while investors share the profits.
- The TRON developers assert that in the future, they will create tools and APIs for developers to utilize the TRON blockchain. The App interface will include mining system, social system, TRONbet wallet, dividend pools, mobile API, Account system and so much more. This will further enlarge the network and open it up for developers to create apps, distribute and make profits.
- TRON has acquired ‘BitTorrent’ and the integration process is ongoing (Project ATLAS). It is expected that BitTorrent’s 100 million users will be migrated to the TRON network. This will eliminate the middleman as peer to peer content distribution will be direct. These users will also increase the number of TRONbet gamers.
Conclusion
Things are indeed looking good for the future of TRONbet, TRX and the ANTE. TRONbet is a work in progress and there are very strong indications that it might revolutionize and control online gaming in the near future. Investors can buy into the TRONbet ANTE, share in the dividends and watch their investments grow.
The success of TRONBet makes it a classical example of how successful a decentralized application can be on a blockchain network. It is hoped that developers of dApps can draw inspiration from this use case and start to develop real-life mainstream applications that are fully run on the blockchain.