Rated on Jun 6, 2018
Modified on Jul 19, 2018
After revisiting the project I have to agree with Toomas Allmere who rated the project below. The project's social channels are still weak. Interesting progressive idea. But the progress in promoting the project is not enough to succeed yet.
Rated on Sep 19, 2018
Team is good and very experienced. KYC is done. Advisors complacent perfectly with the team. Gaming crypto currency is a valid blockchain use case. Give access to community to manage platform is good step forward. Best of luck team.
Rated on Sep 20, 2018
Domain expertise team. Would like to see more developers.
Detailed whitepaper - liked the URunIt platform modules and their integration with Gambling industry. Valid use-case of the Blockchain - gamblers will love this when adoption increases across them.
Great presence on social media with a great set of medium articles.
Would like to see the MVP to increase the product rating.
Rated on Sep 15, 2018
URUNIT is looking interesting ICO with its concept. Yes, I agree that vision and idea is perfect one, because gambling platform needed to be changed. That's why I gave score 5 for it. Team done KYC - good sign. Jurisdiction is based in Singapore - also very good for investors. So, in general interesting project to pay close attention to.
Rated on Dec 5, 2018
Currently there are many ICOs of gambling platforms, all of which are similar.
However, it seems that this project is trying to create a new mechanism.
Rated on May 25, 2018
Over the past many years, people have been playing games for entertainment and are interested in various games. Today, the activity has taken place at casinos, game parlours, bookmakers and now increasingly online. The online gaming market represents one of the fastest growing segments of the gambling industry. The global online gambling market was USD 44.16 billion in 2016 and is estimated to reach USD 81.71 billion by 2022.
The global online gambling market is supported by various growth drivers such as growth of mobile gambling, availability of high-speed internet services, rising ownership of gadgets, growing number of online women gamblers and the younger population. Another major driver is blockchain technology implementation that can change the industry dramatically, mainly through delivering a new level of transparency to the online gaming. Blockchain technologies and smart contracts play a vital role in determining the independence of number generation and ensure the rules are enforced. They also boost customer’s confidence and interest. An online casino that can operate in an automated, transparent and secure manner. Nowadays many of new and existing casino organizations are concentrating their efforts on smart contract gambling.
Games of chance, monetary stakes and the sheer adrenaline rush have always fascinated those that were inclined to wager something of value on the outcome of a specified event and hoping for a massive payoff. ‘The house always wins’ is the first axiom of gambling. The vast majority of players lose and don’t have even a slightest chance to affect the work of the casino in any way.
URUNIT is a project that seeks to break established traditions and put the control of casino business in the hands of players. The aim is to create a platform that will implement new game rules in the gambling universe. How URUNIT is going to do that? Absolutely all games, card tables, poker rooms, tournaments, slot machines on this platform are controlled by the players themselves. The winners should pay a small fee in URUN tokens to confirm their right to own the game. This player determines the parameters of the game or tournament he is hosting and becomes the owner of the game. To become a part of the game is URUNIT’s key competitive advantage. Players are no more playing against the casino, they compete with each other for the right to host the game. As a result, the whole venue and all the processes therein turn into one big game.
The URUNIT WP says that their platform will use a classic client-server technology. The reasons are a blockchain platform is needed that would allow millisecond transactions for data transfer and any transaction in the blockchain is by no means free, therefore a large number of transactions with a lot of data will make it very expensive. But nevertheless, URUNIT will utilize blockchain technology to:
• ensure the fair play;
• use URUN token to pay for services within the platform, including place leasing
• execute purchase/sale transactions between the platform users;
• use URUN token to pay for services of third-party game developers and casino
• accept deposits and pay out the winnings in crypto-currencies.
Initially, these games will be created as downloadable games for Windows and Mac OS platforms, as well as browser based games with HTML5 and WebGL technologies. Applications for mobile devices will be launched later.
URUN token is created by the ERC-20 standard and is used within the platform for users payments for services within the platform, transactions between the platform users, payments to the third-party game developers and the operators. Consider URUN tokens as a fuel for the platform transactions and 0.5% of the tokens from every transaction on the platform is burnt, in other words the number of URUN tokens in circulation will constantly decrease, therefore the demand for tokens will be going up. The "burning process" is regulated by smart contracts on the blockchain. The URUN token is not a security but a utility token. This will ensure that after the ICO, its listing on the exchanges is expected to be fast.
Total number of URUN tokens issued during the ICO is 80M. 75% of the total supply will be available during the Public Sale, 7% is a reserved fund for platform development, 6% is reserved for the founders (tokens are frozen for 2 years), 5% is reserved for the team (tokens are frozen for 1 year), 2% is reserved for advisors and remaining 5% is reserved for bounties. All unsold tokens will be distributed proportionally among those who bought URUN tokens during pre-Sale and ICO stages. The URUNIT’s ICO will be terminated once the Hard-Cap target of 60 million URUN token will be sold (Soft Cap is 4M).
The website is neat and well presented. Even so, keeping in mind that the project has a global audience it is strange that the website is presented only in English and Russian.
The WP is actually well written and does a good job in transmitting the main concept and there is a lot of background information to provide a backdrop to the reasoning behind this project. There is also a shorter version - One Pager and Presentation explaining the problem and the solution proposed by URUNIT platform. The team (all persons have a link to LinkedIn profiles) behind URUNIT project has an adequate professional capability judging by their profiles. However, there is just one person in the URUNIT team with gambling industry experience. The project is backed by a community in the Telegram chat (more than 51k participants), Twitter (21.8k followers), Facebook (about 16k followers). There are also threads in the Bitcointalk forum. URUNIT enjoys a remarkable presence on social media, so it should be able to get a good momentum going. This will surely aid in spreading the word about this ICO’s concept.
As to my recommendations, it is worth to have more experienced members from the gambling industry in the URUNIT team. I would contact game developers and operators to enter into collaboration agreements. It would give weight to the project and be an important incentive for investors. From a technological perspective, the shortcomings, such as the limited blockchain performance and high cost of transactions, could be solved by utilizing the existing platform - Graphene (BitShares is able to process 100,000 transactions per second without any significant effort, limited only by the speed of light) or implementing a new generation of blockchain platforms - EOS (the team claims that the network will be able to process an average of 1,000 transactions per second), Fantom (transaction fee is near zero cost). As the URUNIT project is planned to be for the global market, the website, WP, One Pager and the Presentation should be translated into more languages.
All in all despite a few questions and remarks the idea behind the URUNIT idea is certainly worthwhile, remains to be seen what will come out of it.
Rated on Aug 27, 2018
Awesome team, great vision and well executed preparation phase ahead of the ICO, the biggest question mark is the product, MVP needs to be available to make this project more credible - the times of whitepaper ICOs are practically over.
Rated on Jul 3, 2018
I like the overall concept and the well written and very thorough whitepaper. A good start.
Whitepaper should be translated into the main asian languages as the asian market is probably key to making this not only a successfull but great ICO.
The team seems to have strong technical background, management and marketing is above fair.
Gambling industry knowledge seems to be the weakest point and knowing a bit about how hard it is to get into this market that is a consideration to take seriously. Perhaps the weakest point of the entire ICO.
Community is good, high activity among many members.
One concern may be that the tokenomics and value appreciation of the token is not super-easy to understand. Making the actual top three USPs (as user and investor) of the token super clear would help.
Rated on Aug 27, 2018
I honestly like the idea overall. The whitepaper was written well. Team seems to be fair enough. My only concern here is the team does not seam to have a vast knowledge / skillset within the gambling industry it's a very competitive and cut throat industry. If they can pull it off then hats off to them the idea is pretty neat.
Rated on Jun 6, 2018
The gaming industry is definitely one that can benefit greatly for the blockchain industry. Good idea about players managing the casino and give more active players a higher chance of being managers.
KYC done be team members.
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