Hallo loyal readers altcoproject. May you always be in a state of prosperity and abundance of wealth and health. This time I will discuss about Initial Coin Offering or ICO GIFcoin. GIFcoin is an ICO offered by a web gambling to gain potential investors with all the benefits to investors. Before we discuss further about the very interesting ICO GIFcoin which gives investors an 80% profit per year it's good we first discuss history and what is gambling. Okay lets started.
History of Gambling
Until now it can not be explained precisely when the gambling began to be known by humans. According to Cohan (1964), gambling has existed since prehistoric times. Perjudiaan even often considered the same age as human civilization. In the Mahabharata story it is known that the Pandavas lost their kingdom and were thrown into the forest for 13 years for losing the gambling game against Kurawa. In the western world gambling behavior has been known since ancient Greece.Primitive gamblers are shamans who make future predictions by using stones, sticks or animal bones thrown into the air and fall to the ground. Usually predicted at that time is someone's future in the future. At that moment the fate was determined by the position of falling stone, stick or bone when landed. In subsequent developments the landing position is considered to be an interesting one at stake.
Alice Hewing (in Stanford & Susan, 1996) in his book Something for Nothing: A History of Gambling suggests that the ancient Egyptians loved to bet on a game like that played by children in the present where they guess the number of fingers two people based on odd or even numbers. The ancient Romans loved the game of throwing coins and lotteries, learned from China. The Ancient Greeks also used the same thing. In addition, they also love dice games. In the days of ancient Rome dice games became very popular. Kings like Nero and Claudine consider the dice game an important part of the royal event. But the game of the dice disappeared with the collapse of the Roman Empire, and was rediscovered a few centuries later in an Arab Fortress named Hazart, during the Crusades.
After the dice was introduced again in Europe around the 1100s by the former crusaders, the game of dice began to spread again. Many royal relatives of England and France are losing to gambling in a place called Hazard (probably taken from the name of the place where the dice was found). Until the 18th century, Hazard still remained popular for kings and travelers in gambling.
In the 14th century, card games also began to enter Europe, brought by travelers coming from China. The first card made in Europe is made in Italy and contains 78 beautifully painted drawings. In the 15th century, France reduced the number of cards to 56 and began producing cards for all of Europe. At this time the Queen of England, Elizabeth I has introduced a lottery to increase state revenues to improve the ports.
Along with the voyages and trade and the discovery of new continents, the various types of gambling games participated and disseminated by traders and travelers. This condition is increasingly increasing the choice of gambling games because the type of game brought by the traders and travelers is actually only an addition of a type that is already known by the local community. With the diversity of types of gambling games and the ease of game techniques then gambling easily and quickly spread throughout the world.
Gambling
Gambling in the Webster dictionary is defined as an activity that involves an element of risk. And risk is defined as the possibility of a loss. Robert Carson & James Butcher (1992) in Abnormal Psychology and Modern Life "defines gambling as betting on a particular game or event in the hope of gaining a great result or profit. What is at stake can be money, valuables, food, and others that are considered to have high value in a community ".A similar definition is proposed by Stephen Lea et al in The Individual in the Economy, A Textbook of Economic Psychology (1987). According to them "gambling is nothing but a condition where there is a potential loss of something valuable or risky."
Gambling is also called gambling or betting from money or something of value material on an event with uncertain outcomes with the ultimate goal of winning extra money or material goods. which gambling is not only done in a conventional manner, but there are many in the global cyber world. In the western world gambling behavior has been known since ancient Greece. The diversity of gambling games and its very easy techniques make gambling quickly spread all over the world.
That time gambling was played in a place called casino. Casino is a place for gambling that is usually built majestically and offers a variety of entertainment. In its development, gambling businessmen want to further increase investment investment and expand its wings internationally to various countries. Then came the idea to create an online casino. Online gambling games appeared around 1994 in the country of Antigua and barbuda. Online casino software was first created by the isle of man company and later developed more about its security system by cryptologic companies.
In 1996 there was an organization that controlled and supervised online gambling under the name Kahnawake Gaming Commission. From year to year the number of sites that provide online gambling games continues to increase rapidly. In 1997 alone there have been about 200 online casino sites that have been in operation. Revenue from the online gambling business is also very lucrative, that is an average of more than 800 billion US dollars per year. Online gambling enthusiasts are also on the rise spreading all over the world. The unique online gambling is not only growing rapidly in countries that legalize gambling, but also in countries that do not legalize gambling. So making this business into a large industry that became a magnet for his fans.
So from that point, I was at first asking questions. Are you a maniac in gambling? If it is so. So it is not wrong also that you are also one who has felt a lot of his online gambling that is already popping up to the surface of this earth. Of the many online bookmakers, then every bookie will also have their own policies and offers.
That way, do not be surprised also if you are a gambler, then there will be many online gambling agencies that will give an offer to each member as a lightweight bet also along with the profits are also abundant. It will be very different from land gambling, because online gambling game you can access in a very easy and instant way. Not even on the computer alone you can play it, because through Gadgets like a smartphone can also.
Not only that, you can also do betting anywhere and anytime, provided there is an internet connection to access it. As you know in the past, many games you can play like Baccarat, Blackjack, Poker, Sicbo and Roullete. Actually there are many more that you can enjoy the game, but the fifth game I mentioned earlier is the online gambling game that most in demand by all walks of life.
After that, Then where from the beginning of the emergence of the online gambling game? Over the past two to three years, the online gambling industry is growing rapidly. However, online gambling began in 1994 with the Free Trade and Processing Zone Act passed by the Antigua Barbuda government. Many online casinos today are still operating under this law.
- In 1994: Microgaming (one of the largest software developers and gambling software suppliers in the world) was founded.
- In 1995: Cryptology, a company designed to develop software packages that can process transactions safely, was established.
- In 1996: Boss Specialtidningar AB started the development of an online casino operating system. Microgaming began to concentrate on developing online casino technology. Intercasino started operations and claimed to be the first internet casino to receive real money for betting.
- In 1997: The development of the Boss Casinos transferred to Boss Media AB is located in Antigua Barbuda. Antigua Barbuda is one of the few countries to enforce online gambling.
- In 1998: Microgaming launched its first online progresive jackpot slot, which was named Cash Splash. The Internet Gambling Prohibition Act was introduced in the United States. The bill failed to pass. The gaming industry generated $ 834.5 million in revenue.
- In 1999: Lasseter's, the first licensed online internet casino in Australia online. Estimates there are about 700 internet casinos that take online bets. New game software is available which has multi-player functionality, allowing multiple players to play together and chat with each other while engaging in online games.
- In 2000: The Australian Federal Government passed the Interactive Gambling Moratorium Act. This makes it illegal for any online casino, unlicensed and operating before May of 2000, to operate. Lasseter's Online became the only online casino allowed to operate in Australia under the new law. Estimates there are about 680,000 customers who use online electronic payment systems for Internet betting. Gibraltar and the Isle of Man began offering online sports betting licenses.
- In 2001: Up to 8 million people are estimated to gamble online with real money. It becomes legal for licensed online casinos to operate outside Nevada, according to the new Nevada law. An online gambler won $ 414,119 slot play at Caribbean casino online. This is the biggest online victory to date.
People in different parts of the world have unique gambling games with their previous geography. Migration of people across countries and continents is transported to different parts of the world, where they are influenced by a unique local flavor to develop into a whole new game or an exciting version of an existing one. The world is a different place before, and individual geography maintains their unique online gambling flavor.
The world of gambling has changed dramatically since the presence of the Internet that is connecting all circles from around the world and change the way of everyday human life as well. The world will be felt in the grip when the internet introduces the whole. Not only that, with this kind of network also change the Online gambling also started from online casino.
Starting From Online Casino
In 1994 Caribbean country Antigua and Barbuda passed the Free Trade and Processing Act, which allowed licenses granted to organizations applying for online casinos. In the late 1990s, online gambling gained popularity and internet gambling sites had increased from only 15 websites in 1996, to 200 websites in 1997. It is this kind of thing that makes online casinos stronger in operation among the local community. At the same time, a company is formed from "Isle Of Man" commonly called Microgaming.Such companies also appear through software programs that are ordered to change the world of gambling. This Software program is an online gambling software and makes the world of online gambling even more secure as well. Cryptologic is a software that develops online games and gambling as well with the mission of making online gambling transactions easier. In 1995 Microgaming Technology has also launched The Gaming Club also once claimed to be the first Online casino ever. However, there is also another casino version that became first as well. Subsequently in 1996 Crypologic and InterCasino have been launched as well.
Obviously such a thing is one of the first few online casinos that have made it to the surface of the earth. Not until there alone, because Microgaming and Cryptologic also more and more peminatnya many members who join the online gambling industry. The software that specifically provides online casino games and facilitate online transactions will be safer. With such a thing, online gambling is increasingly widespread in all circles.
The spike in the online casino population also took place in 1996, in that year in one of the Mohawk Kahnawake regions of Canada and established Kahnawake. Online casinos then expand with licenses to operate in the online gambling world that is currently countless such as Elite Online casino who participated to be part of the online gambling. Even with all the confusion and legal hurdles facing online gambling, this game continues to be popular all over the world.
Online casinos, have for years been making money in regional markets around the world by providing casinos as well as customer support in multiple languages. Some online casinos are also available in over 20 languages, meaning people from all locations where those languages can be invited to play comfortably. not only that, many casinos accept currencies from different target countries, making it easier for players from these countries to play using local currency, without requiring currency conversion.
Online casinos have made a massive entry into South Africa and there are several online casinos that offer their games and services to the locals. These include casinos such as Winner Casino, Springbok casino, Perak Sands casino, Bet365 casino, Thunderbolt casino, Club SA casino, and many others. At this casino, you can make direct payments on South African Rands (ZAR), a fact that these casinos advertise on their homepage. There are also companies that provide extensive information and reviews about this South African casino, including its ratings.
Continue To Gamble Online Poker
As online gambling develops, it is also very reasonable for Poker to find its way to the internet as well. The site of online poker was launched in 1998 and appeared in the form of Poker Planet. The onset of online poker is also very good in the world of gambling. However, things like that have problems with download speed and internet network. However, in 1999, most of the other poker sites originating from Costa Rica is the choice of players to enjoy the game of gambling online poker.There are also new sites that indeed mimic their experience from Planet poker by using upgraded technology to overcome the problem of download speeds and ensure stability as well. The new site also extends the range of games it has to offer such as Seven Card Stud and others to join Texas Hold'em, which has also been exhibited. The direct development of online poker was also developed through the tournament in 2000 by Poker Spot.
While online gambling sees a worldwide explosion of popularity thanks to the Internet and its ability to connect all over the world, there are many pros and cons surrounding it as well. For starters, there are no fixed laws that prohibit online gambling. When it comes to countries like the United States, existing laws are not enough to ban or ban online gambling. Operators take advantage of leeway and casino online is continuously launched non-stop.
Internet gambling bans did emerge in 1999 in the US, but failed to get permission. The law will stop operators from offering online gambling to US citizens. In Australia, however, the Interactive Gambling Moratorium Act is not cleared. It was adopted by the first Australian Federal Government in 2000.
Under this law, an online casino will be considered valid in Australia only if the company has been licensed and operated before May 2000. The United States rejoined the Internet Invalid Action Enforcement Act or the Internet Law Enforcement Act Unlawful or UIGEA in 2008 and this law has caused a number of online casino operators to close their US operations and refuse players from real US play money.
There are several online casino and poker sites that try to continue to serve US players. However, the US government pursued them and in 2011, three online gambling majors such as Poker Stars, Full Tilt Poker and Absolute Poker also made their websites seized and closed by the US government. However, at this time the debate over the legalization of online gambling has re-emerged and some countries are contemplating the legalization.
The development continues until now. On the other hand a small team in 2011 consists of a web designer, an SEO master, a PPC expert, and a programmer. They realize the affiliate program is not satisfactory so do a deep research on the most profitable affiliate programs are gambling and gambling. From these results decided to create betting sites and casino catalogs where to present gambling and gambling sites.
VitalBet
We started in our own country – Bulgaria – with several betting and casino catalogs. By the end of the third month, we had already surpassed the revenue we had from the already established Amazon affiliate websites. This made us realize that we need to focus all our efforts and capital into the betting niche.Six months afterward, we decided to enter the U.K. market – again with betting affiliate catalogs. Month after month, we increased not only the number of catalogs but also the number of countries, which we entered, as well as expanded our business and profits.
In 2014, we were already very satisfied with what we had achieved – both in terms of profits and knowledge. One evening, we had a team meeting where we started analyzing how much money bookmakers make. On the basis of what we had been earning as betting affiliate marketers, we came to the conclusion that being an owner of a bookie was something very profitable and powerful.
We decided to do further research on how much capital we shall need to create our own betting site, how much operating money we need for paying players' profits, etc.
After deep research and analysis of the market competition among betting websites, by the end of 2014, we had enlisted the top companies which create fully-functioning platforms for betting websites, with all the necessary extras and functionalities. We sent inquiries, compared the offers, and chose the best offer not only in terms of price but also in terms of customer support.
The help of the company we chose was amazing. They explained to us how much operating money we need, what are the best channels for marketing and advertising, as well as how to gradually improve the attractiveness of a bookmaker's affiliate program. They told us where to get licenses from. They also provided us with invaluable advice and today, they are still helping us.
The first month of our betting website – VitalBet.com – was quite challenging. We didn't have a lot of clients despite that we had put banners on our betting catalogs at key positions. However, after a short research, we realized our mistakes and thanks to the company which created our betting site, we built the appropriate strategy for advertising, branding, and targeting. Things started to happen in the next few months, and they were happening quite fast. At the beginning of the fourth month, we had already gathered over 5,000 active users-clients, which motivated us very much, especially after the first month of disappointment.
In the beginning of 2017, we started to notice the large expansion of cryptocurrencies so we decided to add Bitcoin to our site. Since then, our players can use the most popular cryptocurrency not only as a payment method (deposit & withdrawal) but also to bet with it. This Bitcoin implementation further motivated our chief programmer to start researching and studying Blockchain technology and dig deeper into the world of cryptocurrencies.
In the middle of 2017, he shared with our team that thanks to the cryptocurrency Ethereum and their Smart Contracts, we can create an Initial Coin Offering (ICO) with which to collect capital to further improve and upgrade our brand VitalBet. The capital which we gather will be used for aggressive marketing and advertising campaigns to increase the user base, which will lead to an increase in profits.
After a profound research and analysis of the ICO market, in November 2017, we decided to release an ICO and share our idea with you. With your support and trust, and with our knowledge and know-how, we believe we can achieve our aim to enter the TOP 15 bookmakers worldwide, which will bring gigantic profits to both you and us. According to our research and analysis, each of the TOP 15 bookmakers in the world generates a yearly revenue of $800+ million
How it works
- WORKING PROJECT - Most ICOs sell only ideas. GIF is different. Our dedicated team worked hard to create a real working project - VitalBet.com.
- CROWDFUNDING - The power of an Initial Coin Offering (ICO) will help us grow our business and share the profits with every investor.
- MARKETING - Ready, set, launch! Our marketing campaign will greatly boost our brand, client base, and profits.
- ADVERTISING - Our Betting site is ready to get advertised, using the best strategies and channels in the industry.
- FAST GROWTH - Our platform's audience is growing rapidly on new country markets after the success of our marketing and advertising campaigns.
- PROFIT SHARE - Every GIF token holder will receive a part of VitalBet's profits as a result of our fast growth and success.
Benefits
What makes us really stand out from the grand majority of other bookies is the fact that we offer cryptocurrency payments with Bitcoin – both for betting and payments (deposits and withdrawals).ONLY a few out of the TOP 100 bookmakers provide this option at the moment. Additionally, thanks to the funding through the ICO, we will add all major cryptocurrencies as betting options and payment methods, which will make us really stand out in the online betting industry.
In addition, besides digital currency payments and betting options, you will also get extras, such as:
- Sports Events Wagers
- IN-Play Bets
- Casino
- Live Casino
- eSports
- Virtual sports
- Livestreaming (coming soon)
Usage
We covered all popular fiat payment methods in the industry (Debit/Credit Cards – VISA and MasterCard – and E-wallets – Skrill, Sofort, Paysafecard, etc.), and we also added the most popular cryptocurrency – Bitcoin.Our plan is to attract more bettors by allowing them to use major cryptocurrencies, including Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Dash (DASH), and more.
By doing so, we will not only broaden our client reach but also contribute to developing cryptocurrencies as an instrument for payments and betting. As expected, this new feature will use Blockchain technology to guarantee maximum security for every user, and make the gambling experience even more exciting.
Simplicity
Very often, betting websites have a complicated design, which burdens users. Our plan is to make the most attractive, minimalistic design ever created. On our innovative platform, the user will see and use only the functions which really contribute to enjoyable betting.Security
Customer security - both in regard to money and private information - is a TOP priority for us. To prove that, we are proud to share with you VitalBet's achievements:- Since the platform was launched, we have not experienced any serious failures.
- We regularly undergo security audits.
- Not a single dollar has been lost by our users due to hacker attacks.
- VitalBet provides honest bets without any hidden restrictions.
Token GIFcoin - ICO
The GIF in GIFcoin stands for Gambling Investment Fund. This fund is backed by an already functioning betting website – VitalBet.com.VitalBet is fully operational and regulated gambling website with all popular industry features, such as sports betting, casino, live casino, IN-play betting, eSports, and virtual sports.
No more empty promises. Invest in a real token with a real project that is managed by a professional team of industry experts.
Buying GIF Tokens from our ICO will allow Investors to participate in an existing and moneymaking business that is at the beginning of a long-term, sustainable growth. GIF token holders will receive 80% of VitalBet's annual profits once a year.
Token name : GIFcoin
Payout : GIFcoin Tokens will be sent immediately to your ETH Wallet
Total supply : 300,000,000 Tokens available
Price : 1 ETH = 10 000 GIF
Minimum Purchase : 0.1 ETH
Maximum Purchase : No limit
PRE SALE : 22 February 2018
SALE : 16 March 2018
Accepted Cryptocurrencies : Ethereum, Bitcoin, Litecoin
ICO Fundamentals
ICO Period - TO BE ANNOUNCED SOONGIF Token Price 1 ETH = 10 000 GIF
GIF Tokens Issued 300,000,000
GIF Token Bonuses 15% at Pre-Sale ICO launch
Accepted Currencies Ethereum (ETH) ONLY
GIF Token Rights Profit share distribution
Official ICO platform https://gifcoin.io
ICO – Details
Purchase of GIF Tokens:- GIF Tokens will be available for purchase by the public in the beginning of 2018.
- Our Company reserves the right to alter the period of the ICO in its total discretion, with publishing the relevant changes on our website - https://gifcoin.io.
- Buying GIF Tokens will be possible ONLY through the website of the ICO.
- Investors may purchase any volume of GIF Tokens within the offered volume of issued GIF Tokens, depending on the current availability. The minimum payment is 0.01 ETH. No maximum limit.
- Investors may buy GIF Tokens ONLY with Ethereum (ETH) cryptocurrency. No fiat currencies are allowed.
Distribution & Usage
The GIFcoin is an ERC20 token and smart contract system built on the Ethereum blockchain.A total of 300.000.000 GIF tokens will be generated, including 20.000.000 to conduct a Pre-ICO +30% Bonus (6.000.000), and 240.000.000 to conduct an ICO. Another 24.000.000 will be shared between the founders of the GIF token, while the remaining 10.000.000 will be generated for advisory, bounty, and PR pools. The unsold GIF that will be created for sale during the pre-ICO and ICO will be destroyed. GIF tokens are not mined by users or any other companies.
After a successful ICO campaign and reaching the hard cap (24,000 ETH ~ $24,000,000), $1,000,000 will be used to update our platform and create a mobile application for best user experience. $4,000,000 will be used for a marketing campaign. $12,000,000 will be used for an aggressive advertising campaign. $5,000,000 will be added to the existing bank - operational money for wins and loses. And $2,000,000 will serve as legal agreements in different countries.
Roadmap
- After the ICO has successfully ended, our Legal Department will create a new joint-stock company to guarantee your rights to shares from the new company. VitalBet will be part of this new company.
- After the success of the ICO campaign, we will be able to expand the Team with New, Highly-skilled Professionals, which will help us for the quick growth and development of the project.
- We'll immediately start working on the New Design of the website, which will help us to better entertain the current and new customers with the best user-friendly experience.
- After we finish and release the new design, we will create the smartest and most innovative Mobile App in the betting industry, which will help us to engage with many new users.
- Entire new update of the Affiliate Program – with the most attractive promotions and commissions in the betting industry.
- We will add all popular Cryptocurrencies as Betting Options and Payment Methods (deposits and withdrawals), which will make us stand out from the competition in the gambling niche.
- After we successfully enhance and upgrade our betting platform, it will be time to further popularize and establish the Brand VitalBet, using the most sophisticated marketing campaign techniques.
- Parallel to the marketing campaign, we will start an Advertising Campaign in strictly targeted channels used ONLY for the promotion of betting platforms and gambling companies.
- We will apply for Licenses in the most attractive countries, which have strict requirements and regulations, so that we can freely and legally operate on their already developed markets.
- After accomplishing all previous goals, we will release another major update - VitalBet v.2.0 - with many new extras and functionalities, which will make the website one of the most appealing to gamblers worldwide.
- When we start the initial waves of the marketing and advertising campaigns, we expect the users to grow exponentially at a very rapid pace. Our expectations are to reach 100% user growth in the first month, and 500% in the first six months.
Conclusion
The GIFcoin Team is very grateful to you who invested in this project. We highly value all the time you spent on accommodating yourself with our project and we'd like to thank you for your consideration for taking part in our ICO.VitalBet is an already launched betting website. It will continue developing irrespective of the amount of raised funds from its Initial Coin Offering - GIFcoin.
With your vital help and power, we can create an unstoppable team to dominate new heights. By contributing to our ICO, you are investing in one of the most profitable business industries ever - online gambling.
This is a one-time chance, so we'd like to invite you to participate in our GIFcoin project.
Team
Krasimir Popov - FOUNDER & CEO
Owner of 50+ gambling projects
Svetoslav Dimitrov - BRANDING EXPERT
Social Media Marketing & PR
Trifon Boyukliyski - MARKETING EXPERT
PPC Specialist
Online Advertising & PR
Zhivko Nikolov - BLOCKCHAIN DEVELOPER
Back-end Developer and blockchain developer
Todor Nikolov - BACK-END DEVELOPER
Back-end developer and system administrator.
Krasen Hristov - FRONT-END & UIX
Front-end Developer and User Experience Designer.
Valentin Milenov - BETTING ODDS EXPERT
Customer Base Profiling & Effective Risk Management
Ivailo Petrov - ESPORTS EXPERT
Marketing Liabilities Monitoring & eSports Odds Expert
For more information about GIFcoin, you can visit links below:
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Website : https://www.gifcoin.io/
Whitepaper : http://gifcoin.io/GifCoin-WhitePaper.pdf
ANN Thread : http://bitcointalk.org/index.php?topic=2785607.0
Facebook : https://www.facebook.com/gifcoin.io
Twitter : https://twitter.com/gifcoin_io
Telegram : https://t.me/gifcoin
Medium : https://medium.com/@gifcoin
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Username Bitcointalk : Arifandi
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1566717
ETH Address : 0x8d05B599687942Ed4EC008a95EEAa9565B738924