[ICO] The Faireum Framework: Revolutionizing the Gambling Industry

The Gambling industry is plagued by a host of issues and inefficiencies - the result, a lack
of trust between players, developers and services providers due to multiple intermediaries,
high fees and unintuitive user experiences. There is an urgent need for an overhaul of the
whole online gambling system. A major solution to a fair and modern gambling system is a
decentralized gaming platform that leverages the advantages of blockchain technology.
Faireum is a public blockchain with a set of protocols, which focuses on the gambling
industry and provides a decentralized, low cost, transparent, and secure betting and
gambling experience. Faireum uses its own native currency and smart game contract to
guarantee a superb and premium betting experience and services in lotteries, sports betting,
casino games and other digital games to users. Faireum releases a smart client based on
the set of protocols for the creation of a trustful, borderless, secure, and fast online gambling
network that benefits all.

What is Faireum?

Faireum is an industry-level public blockchain that will revolutionize online gambling platforms.
Faireum is a public blockchain which focuses on the problems of the online gambling industry and resolves them with a set of protocols that provides a decentralized, low-cost, transparent and secure gambling experience.
To achieve this, Faireum uses its token and game contract to guarantee users a premium betting experience and superb services across lottery, horse-betting, sports-betting, casino games, digital games and countless more.
A smart client also works alongside Faireum’s protocols, called a Faireum node, which helps provide users with a safe, seamless and always-on experience in playing all the games they wish to play.
Basic Framework
Faireum develops its industry-level public blockchain to provide the technological basis for its platform.
The Faireum blockchain ecosystem encompasses ledger nodes, P2P networking, a virtual machine for Smart Contracts and a set of rules for token distribution, which includes token reward, payment gateway, digital asset exchange and cross-chain atomic swap.

Problems in the Gambling Industry

Tax Evasion and Money Laundering
Online gambling can often be out-of-sync with local tax mechanisms and contains money laundering risks.

Security
Centralized systems cannot assure 100% security nor possess a high fault tolerance.

High fees
The profit model of gambling platforms makes high fees for gambling operators.

Unfair odds
Platforms stake the odds against players by tampering with the Random Number Generator (RNG) by modifying parameters.

Negative social reputation
Players have a strong feeling of uncertainty and doubt towards counterparties in live games.

Lack of Safety and Transparency
Centralized systems rarely divulge their resources to the public, making independent research difficult.

Faireum Blockchain Solutions
Faireum is a blockchain platform with an Application Programming Interface (API) that is suitable for third-party business providers to access through the consensus mechanism and the Faireum Virtual Machine (FVM). The Faireum main blockchain uses the Web Assembly (WASM) virtual machine as the default runtime for smart contracts and Byzantine Fault Tolerance (BFT) + Delegated Proof-of-stake (DPos) as the consensus mechanism.
The random number from Faireum blockchain is not just data that can be deduced from the program. Combined with the block hash and zero-knowledge proofs, it is not possible to deduced or predict our random number generator by using an inverse. We refer to this algorithm as Zero Random Algorithm (ZRA).
In addition to ZRA algorithm, the Faireum blockchain is pre-configured with several other Random Number Generators (RNGs), including Faireum Random Digital (FRD), dedicated to digital games, Faireum Random Casino (FRC), dedicated to casino games, and a dynamic probability balance index generator, called Faireum Dynamic Betting (FDB), which is preset for real-time results such as sports quizzes.

Business
Games on the Faireum Blockchain
A huge selection will be available on our gambling platform including both official games and the best games from our network of providers.

Lottery
A lottery is a type of gambling where numbers are drawn for a prize.

Casino
Casinos accommodate a variety of gambling activities where customers can play games of chance.

Digital Games
Having achieved huge levels of popularity competitive e-sports is now considered a promising spectator sport.

Sports Betting
Sports betting involves predicting the results of a sporting event and placing a wager on the outcome.

** Token Distribution**

Private: 5% of tokens have already been sold to private investors.
Pre ICO: 10% of tokens sold in the pre-ICO guarantee that investors receive the highest
discount.
Public ICO: 40% of tokens will be taken for the public ICO sale.
Reward funding pool: 20% of tokens will be used for the Reward funding pool that rewards
the players or developers in Faireum, these tokens are not for sale and will be locked at least
one year till to the first release version of the Faireum blockchain.
Team/Developer/Advisor: 10% of tokens will be locked where half of them will be locked 6
months and another half will be locked 1 year.
Marketing/ Partnership/Airdrop and Bounty program: 10% of tokens will be used for
Marketing/ Partnership/Airdrop and Bounty program.
Founders: 5% of tokens will be locked 1 year.

Official project resources:

WEBSITE: https://faireum.io
WHITEPAPER: https://faireum.io/assets/files/Faireum_whitepaper2.0_En.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5107738
FACEBOOK: https://www.facebook.com/faireumofficialpage
TWITTER: https://twitter.com/faireumofficial
MEDIUM: https://medium.com/@faireumofficial

My bitcointalk. account: https://bitcointalk.org/index.php?action=profile;u=1049769
Bounty0x: @ tanya12356