Blockdraw boss: Most ICOs suck, but ours rocks (natch)

Blockdraw, a blockchain-powered gambling platform created by industry regulators and players, has announced the preparation stage and early private sale before its ICO.

“Globally the estimated value of the mobile online gaming industry is almost $100 billion for 2018. Online casinos have grown exponentially over the past years and they continue to grow year on year. However, most online casinos don’t provide players with safety, security and provability they deserve,” the venture says.

Problems and threats faced by players include fake branded games, GNR manipulations, etc., as far as operators only do initial testing of a game that can be “adjusted” later, and players can’t control the casino’s actions, lost funds, win bests manipulations.

“When you play in Las Vegas, you are sure that the casino is fair and secure with its certified machines, transparent payments, advanced security and you deserve to have the same while you play online and that is a mission of Blockdraw. Blockdraw is the game changer that may remove the shady operators out of existence in the online gambling world; it will quickly become more apparent that gamblers are more likely to be drawn to honest and fairer operators within the industry.”

ICOs

In a recent Medium post, Darin Oliver, Founder and President of Blockdraw, argues that the bulk of Initial Coin Offerings are run by technology geeks who have no real understanding of how to build or operate a business. “Moreover, the traditional infrastructure that a venture or private equity fund would provide isn’t around, since it’s so easy to raise the money,” he comments. “This simply isn’t the case with Blockdraw, not only do I have decades of experience running professional businesses, but my time at the Alderney Gambling Control Commission (AGCC) showed me everything I needed to know about how to run a proper gambling business.”

The COO, Konstantinos Despotakis, is a former online gambling CEO and also a former Deputy Director of Compliance at the AGCC. During his time at Surge Trading, Oliver hired Kim Lumbard, Blockdraw’s CTO. “Kim, who taught Information Theory at Caltech, was integral in helping us solve the important problems we wanted to crack. We simply do not know of any other blockchain online gambling business with the management, regulatory and technical knowledge and experience that we have in place,” he concludes.