FAİERUM: FAIR PLATFORM

By alpha | Ico, bounty and airdrop | 10 Apr 2019

Developing technology has carried everything into digital life as it is. Now, people are able to do everything from their daily small-scale personal needs to large financial exchanges via the internet. The betting industry is one of the formations that keep up with this change rapidly due to its structure that is suitable for online developments. However, as in every sector, this initiative has its own dilemmas and problematic structures. These problems, of course, have the potential to create user-side financial losses. At this point, Faireum takes advantage of the unique opportunities of modern block chain technology, and it is a solution-oriented user-friendly platform for all these problems. First of all, I would like to talk about the problems of the sector and the solutions of Faireum to the sector.

Money Laundering and Tax Smuggling
The vast majority of online betting platforms are not subject to tax institutions and are in a fugitive position. In addition, it is possible and possible to participate in a lot of crime and money laundering.

Security
Because online betting platforms provide services through central servers, it is very difficult for them to provide security measures and they are constantly threatened with hacking. As a matter of fact, the infrastructure of the websites are open structures with code access, which are sold at reasonable prices through the methods called "warez" in the market. Even this structure is enough to make hacking easy.

High Commission Fees
Profit bets on online betting platforms can accommodate high fees for users. Because they do not have any control, they can have arbitrary application in this regard.

Unfair competition
Online betting platforms have a central server, so they can keep control. Using this control against the betting user, they can gain an advantage as a result of unfair competition, so that the user can lose without even the difference.

User Feedback
Users in online betting centers are suspicious of the central system and already have all these negative views about it. However, limited alternatives and mandates direct them to these centers.

Lack of Security and Controllable Transparency
Online betting centers use their own initiative to publicize their data and resources to the public and avoid doing so. As a result of this situation, there is doubt and a negative impression on the general opinion.

Faireum Solution Focus
Faireum promises to provide a reliable and transparent platform for users by neutralizing all these adverse conditions with the current revolutionary technological development block chain protocol. Block chain technology is a plarfotm to give the user complete control and confidence. Block chain technology is a traceable feature of public conscience by preventing one of the social problems such as money laundering and tax evasion. The centralized online betting platforms offer users a reliable guarantee of trust in their users through block chain technology with distributed network structure. The intermediary does not have an institution and hence it provides material users with fixed commission rates. Innovative block chain technology with distributed and open structure completely eliminates the negative ideas of users. At the same time, this technology paves the way for Faireum to be transparent and controllable.