• Gambling
  • Gaming
  • Platform

FreeCash 2.5/5 (1) - blockchain gaming platform

First and foremost, FreeCash is a gaming site where users spend time enjoying their favorite card and casino games. Meanwhile, their smartphones are mining game credits through the app. The credits cannot be purchased, only rewarded, based on the number of hashes mined during game time. The coins mined are CPU-friendly and ASIC resistant, keeping smartphones safe. Users can collect mined money, or to gamble profits to win more. The platform features games that allow players to win millions, without spending a penny of their own money. Gameplay is funded through crypto-currency mining technology, without requiring any technical knowledge from the user. With large volumes of users...

Token sale starts in:

2.5
Hype2.0
Security3.0
Team3.0
Vision2.0
  • Token: PRIZE
  • Price: pre-ICO: 1 ETH = 526 PRIZE
  • PreICO start: 11 Oct 2018
  • PreICO end: 27 Oct 2018
  • ICO start: 20 Jan 2019
  • Country: Malta
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First and foremost, FreeCash is a gaming site where users spend time enjoying their favorite card and casino games. Meanwhile, their smartphones are mining game credits through the app. The credits cannot be purchased, only rewarded, based on the number of hashes mined during game time. The coins mined are CPU-friendly and ASIC resistant, keeping smartphones safe. Users can collect mined money, or to gamble profits to win more.

The platform features games that allow players to win millions, without spending a penny of their own money. Gameplay is funded through crypto-currency mining technology, without requiring any technical knowledge from the user.

With large volumes of users, FreeCash is able to pool the mining funds and distribute them back to players through game winnings, prizes, weekly lotteries and raffles. It is the first casino that has a winners only policy. By paying the user instead of having them pay, is true paradigm shift. This is one of the main features to acquire sticky customers.

While mining is typically an energy intensive process, the FreeCash mining pool leverages existing energy sources to create a decentralized power plant  for mass market mining. FreeCash aims to encourage people from outside of the crypto space to play its games with the potential to win money and prizes, while contributing processing power to mining and hence, the prize pool.

Users will have a secure wallet built into the app, so there is no need for a bank account. This is how FreeCash will bring everyone to blockchain. Not just non-tech people, but also unbanked ones and those who have never had access to the benefits of cryptocurrencies. FreeCash can be the gateway for the unbanked to be on blockchain.

By encouraging mobile based mining, the FreeCash blockchain network will be resistant to geographical events such as natural disasters, political influences and centralization due to electricity costs.

To ensure the platform is accessible to even the novice smartphone owner, FreeCash has designed the entry requirements to be as simple as possible. To protect all users, even gambling fanatics, the platform uses internal credits only. These are being mined by the phone while playing. Our PRIZE Token powers the platform, allowing stakeholders access to in-app purchases, advertising packages and will be publicly traded on exchanges. In the case of advertising, all tokens used for packages are burned, decreasing supply and ultimately driving up demand.

The second development phase will migrate the FreeCash network onto a semi-permissioned consortium chain which would decentralise the platform and allow users and casinos to create their own games through Smart Contracts, using the PRIZE token. This will expand the FreeCash safe gambling market whilst making it more diverse.

Team

Zal Dastur

Director

Marc Wood

Non-Executive Director

Ihor Bauman

Blockchain, Technology and Business Strategist

Stanislav Sheliakin

Blockchain Strategist

Kartik Poria

UI/UX Designer

Alina Kryvtstun

SMM Manager

Adam Funnell

Community/Project Manager

Milestones

  • Stage One
    Development of MVP, User Cabinet, ERC20 and Smart Contract
  • Stage Two: November - December 2018
    ICO Campaign
  • Stage Three: December - February 2019
    Obtain Gaming License and Begin Work on Consortium Chain
  • Stage Four: 2-4 Months after Stage Three
    Development of Mining pool
  • Stage Five: 1-2 Months after Stage Four
    Platform Connection to Exchanges and Creation of HDD Mining Pool

Token

  • Platform: Ethereum
  • Price: pre-ICO: 1 ETH = 526 PRIZE
  • Accepting: ETH
  • Token distribution: 32% - Private Sale 15% - Team 14% - Tier 2 12% - Tier 3 9% - Pre-Sale 7% - Tier 1 6% - Public Sale 5% - Advisors
  • Soft cap: 6,000,000 USD
  • Hard cap: 25,000,000 USD

Proof Points
3/5

Legal entity

Registered Address: St Julian’s, Malta

https://opencorporates.com/companies/mt/C87957

Prehistory of project

No information for company activities before 2018 were found

Product or its MVP

All development is planned after ICO is ended. No other MVP were found

Blockchain experience

Stanislav Sheliakin – LEAD DLT BUSINESS ARCHITECT at ClinTex
Blockchain design at ReMoneta

 

Advisor Ihor Pidruchny – Team lead for concept design at ReMoneta
Blockchain Engineer at Elysian
Blockchain Expert/Team Lead at VARcrypt
Product Design at SLOGN

Advisor at Oryxian and ClinTex

Escrow

No escrow information were found

Comments

Update: 21.10.2018

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