Expert Coin

PlayBets ICO

Decentralized Gaming Platform with Mass Gambling
4.6
Total score
Category:cryptocurrencyinvestmentplatform

Detailed evaluation of the project

4
Product
5
Business Plan
3
Marketing Strategy
5
Team
5
The Vision
of the Market
5
Understanding of the Target Audience
5
Competitive Advantage
Basic expert assessment of the project PlayBets ICO

Product

PlayBets is a decentralized game platform with a catalog of mass gambling games. One of its key features is easy and appealing gambling games, designed for anyone - even non-gambling players. The mission of the project is to provide games with open and provably fair results. The platform doesn’t focus on games of one genre, instead it plans to offer a catalogue with big choice of varied games.

The platform addresses current limitations of both offline and online gambling games - thus bringing the value in real life.

An MVP of the platform is in beta version with several games available to play.

Business Plan

The White Paper offers a completed business plan with all components - except for marketing plan - presented and described in details. Industry analysis is solid and supported by data from reliable sources and own expertise of founders. Financial projections are provided and explained. The description of product and its technical aspects are very detailed and supported by visuals. Product functionality is viewed from target groups’ perspectives. Big section of the document is dedicated to ICO and usage of token explanations with numbers and graphs. The roadmap is well-constructed, time-spans and goals are realistic.

Marketing Strategy

There is no specific marketing strategy mentioned aside from bounty campaign. The company is very active on social media, all networks have strong following.

Team

The team has very solid experience in gaming and gambling industries, with development, launching and product management expertise. The lack of marketing and financial skills within a team is covered by advisors’ experience in the given fields. There are also 3 consulting companies providing support in ICO and blockchain technologies.

The Vision of the Market

The White paper demonstrate clear vision of the market based on team’s extensive experience in the industry and in-depth research. In facts, there is analysis of two markets: online/offline gambling games and cryptocurrency. Product potential is justified by data and stats. Overview of markets identifies opportunities and current limitations, which are addressed by PlayBets. Competitive analysis includes an overview of gambling industry and comparison of existing platforms.

Understanding of the Target Audience

Target audience is logically segmented into players and developers. The concept of the product is described from both perspectives, with detailed analysis of current problems and solutions offered by PlayBets.

Competitive Advantage

Competitive analysis is very solid. Both offline and online gambling games are reviewed and compared to PlayBets.

Additional Commentaries

The White Paper presents a well-written, thorough document.

Team’s expertise within gaming and gambling industries is evident.

Summary

The product itself has potential, but it could be marred by volatility of gambling industry. The product is aimed at global audience - and each country has its own gambling regulations. This issue should be addressed by the founders. There is also the need in marketing plan.

The team behind this project is very knowledgeable. The existence of MVP makes the product tangible. There are also solid numbers of early stage users (according to the White Paper).

Description of the project PlayBets ICO

PlayBets — is a first decentralized game platform with a catalog of mass gambling games, is a first decentralized game platform with a catalog of mass gambling games Blockchain and Smart Contracts technology. An important feature of the platform is its simple and engaging gambling games, designed for anyone to be able to play, even non-gamblers, with open and provably fair, honest game results.

Blockchain technology and cryptocurrencies have unlocked new possibilities for the security and honesty of games, and we use this simplicity and security to strive to create games that are just as simple for everyone. The technology of honest game results created within the platform based on an international encryption method, along with lotteries of prize funds and Jackpots based on blockchain tech, create new possibilities in gambling games.

Based on the requirements of the market, our team considers one of the most important tasks to be launching the platform quickly, in November 2018, and to release monthly updates of the platform in accordance with the described Road Map. Many projects make plans for implementation within 2-3 years; our task is to roll out the project as quickly as possible and bring value as soon as possible to players and users that have placed faith in our platform.

The PlayBets team has already implemented a test version of the game platform with one of the games involved. You can already play one of our games Lucky, the audience of which is growing every day. In just a couple of months we plan to acceptance of payments in ETH (Ethereum) and BTC (Bitcoin) as bets, with the first Jackpot drawings.

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