VR CASINO OKO. Project that integrates virtual reality, blockchain and smart contracts technologies in offline casinos

Transcription

1 VR CASINO OKO Project that integrates virtual reality, blockchain and smart contracts technologies in offline casinos OKO.CASINO OKOIN.IO VRTECHNOLOGY.CZ OKOSTARS.COM 1

2 TABLE OF CONTENTS Abstract Introduction Marketing analysis Methodology of research Background Results of the study Players viewpoint How casinos work Gambling Availability Score Conclusions Description of VR Casino OKO project OKOIN tokens Virtual reality gambling VR OKO helmet Technical part OKOIN tokenomika Affiliate program Roadmap Project team Partners Conclusion

3 ABSTRACT VR Casino OKO is a project that integrates virtual reality, blockchain and smart contracts technologies in offline casinos. The goal of the project is to open virtual access to real casinos for everyone interested, from anywhere in the world. Unlike typical online casinos, integrity and transparency of which is questionable, VR Casino OKO uses a fundamentally different approach. The user puts on the virtual reality helmet VR OKO and sees the broadcast from cameras in a real casino (viewing angle of 180 degrees). The cameras only capture the table and the dealer, so they do not violate the casino rules regarding security and privacy. If desired, the user can make a bid using the OKOIN tokens. The smart contract processes the bet in real time, and if it wins, transfers bonus tokens to the player s account. OKOIN can be exchanged for another cryptocurrency or fiat money at the exchange rate or used as a 100% anonymous means of settlement in the infrastructure of the VR OKO project (OKO Pay). In particular, you can buy adult-oriented goods and services of VR Technology company (the creator of the OKOIN project) and its partners. Another significant difference from online casinos: the user sees a real (physical) game in real time, which does not depend on a computer program (a random number generator, which is not always fair). Moreover, the person in the VR helmet is experiencing the same emotions as other players who are directly in the casino: excitement, adrenaline, trill and delight of a win. The OKOIN tokens, the basis of bets, is a single cryptocurrency for three projects of VR Technology: VR OKO, OKO Pay and VR Casino OKO. This distribution maximizes the reach of the target audience and makes the token stable, liquid and constantly growing in price. 3

4 INTRODUCTION In 151 UN countries out of 193, casinos are fully legal or party legalized. The largest countries with an explicit ban are: Brazil, Turkey, Norway, Thailand and Russia. Also, in some countries casinos do exist, but only for tourists: local residents are not allowed to visit them. The most bright examples are Monaco, Egypt, Laos, Vietnam and Cambodia. As a result, online casinos try to fill a void in the niche. However, they have a number of shortcomings. 1. Firstly, in most cases it is a computer program, the integrity of the game is determined by the technical task given to developers. 2. Secondly, online casinos that work through websites do not allow the player to feel the atmosphere of the hall and experience the same emotions as people who play directly in the casino. In recent years, VR-casinos began to appear on the basis of online casinos, which are all the same online halls, but with improved graphics. In doing so, they partially do not have the second disadvantage (lack of involvement), but de facto still represent a computer program, fairness and openness of which can not be verified. The likelihood of being deceived in an online casino is still very high, and most of the players still prefer real ones. Despite these constraints, interest to gambling on the World Wide Web is growing every year. The reason is increase of the computer literacy of the population and new additional restrictive measures imposed by states and financial institutions on gambling houses offline. The VR Casino OKO project offers a fundamentally different approach: combining integrity and openness of the offline casinos with VR technologies, live video broadcasts, blockсhain and smart contracts. This approach does not present those disadvantages and today has no direct competitors. 4

5 MARKETING ANALYSIS The gambling market shows steady growth year by year. If in 2007 the global revenue from gambling was about $16 billion, then in 2015, the global revenue of the gambling industry was estimated by analysts at $81.5 billion, of which more than $37 billion accounted for the online gambling market. The latest report of the analyst company Newzoo indicates a general gambling market growth of more than 8% per year. TOTAL VOLUME OF THE GAMBLING MARKET (ONLINE+OFFLINE) IN 2015 WAS $81 BILLION AND STEADILY INCREASES BY 8% EVERY YEAR 45.4% 54.6% Online market volume Offline market volume 5

6 In addition, if the growing popularity of offline casinos is more or less clear, then the online gambling market requires separate consideration. As of 2017, according to the data of H2 Gambling Capital and igaming Business, the global gross revenue of online gambling was 43.7 billion euros. The actual and forecasted values are shown on the chart. GLOBAL ONLINE GAMING GROSS REVENUE (IN BILLION EUROS) Information panel of online gaming, June 2017 Monthly undated by the H2 Gambling Capital for igaming Business 6

7 At the same time, the regional distribution of gross revenue is as follows. GROSS ONLINE GAMING REVENUE BY REGION (IN MILLION EUROS) Africa Asia/ Middle East Europe Latin America/ Caribbean countries North America Oceania In terms of variety of gambling, the tandem of betting pools and casinos is leading. GROSS ONLINE GAMING REVENUE BY PRODUCT SEGMENT (IN MILLION EUROS) Betting National lotteries Casino Poker Bingo Skill games/others/ Commercial lotteries 7

8 GROSS ONLINE GAMING REVENUE BY PRODUCT SEGMENT (%) Betting 50% Casino 26% Poker 6% Bingo 4% Skill games/others/ Commercial lotteries 5% National lotteries 9% Moreover, a group of American experts led by Garret Walker conducted an analysis of the current state and short-term prospects of the online gambling market in all countries of the world. To complete the picture, experts have studied the legislation that regulates organization and operation of gambling, both online and offline. The market does not always function according to the rules that legislators set. Therefore, experts also drew attention to the real state of the gambling industry in each country. The results of their research were published in KeyToCasino. 8

9 METHODOLOGY OF RESEARCH For more than half of the world s population, access to online gambling is completely or severely restricted. Only in 60 countries of the world, online gambling is legalized, regulated by specialized public services, and citizens are allowed to bet. So says the latest study. The attitude to gambling in various countries is very different. In some countries all types of gambling establishments, both online and offline, are banned, in others gambling is allowed, or this issue is not regulated by local legislation. It is common practice to ban management of casinos by local businesses, allowing foreign operators and investors to do so. Very strange laws regulating the activities of gambling establishments are quite common. For example, some countries ban their citizens from casinos but allow tourists play, and in at least one country casinos are only available to people who earn a high enough salary. The bureaucracy does not keep up with the development of the market, so in some countries operators enjoy the absence of ban on the latest types of gambling. The team of KeyToCasino researchers analyzed the situation in 225 countries and territories, studied materials in 46 different languages. The information sources used in different countries were diverse. For 83% of countries, information could be obtained from open official sources, such as government websites. For 12% of the countries studied, the information could be obtained from authoritative local sources that do not have official status. For the remaining 5% of countries, information was available only in foreign and not the most authoritative sources. Therefore, the information about the state of the market in 95% of countries, 98% inhabitants of the planet, was obtained from local sources with good reputation. The report is relevant as at 1 March

10 BACKGROUND The KeyToCasino team saw its task in providing the fullest possible picture of the state of gambling in the whole world and showing obstacles the players in different countries are facing. The state regulation of the gambling industry was introduced by almost all governments of countries in which gambling is allowed. This tradition goes back to the times of the Roman and Chinese empires. Casinos, in the form in which we see them now, appeared in Western Europe in the XVII century. The first such house appeared in Venice. It was called Il Ridotto. This casino was opened in 1638, at first it worked only during the traditional annual carnival. Today gambling laws exist in almost all countries of the world, but there are still territories where gambling is not regulated at all, and in some countries gambling is completely banned. 10

11 RESULTS OF THE STUDY Terrestrial casinos (offline) Land-based gambling establishments exist much longer than the online casinos, that is why the legislation governing their work is better elaborated. In 74 countries there are certain restrictions on the operation of land-based casinos. In 51 countries, terrestrial casinos are completely banned. In 6 countries, local citizens are not allowed to visit the casino, they are open only to foreign tourists. In 17 countries, casinos can only operate in certain cities or territories - gambling zones. In remaining 151 countries (67% of the studied) land-based casinos are allowed. Thus, only 47% of the world s population can freely visit casinos in their countries. AVAILABILITY OF LEGAL LAND CASINOS FOR THE POPULATION Banned 42 % Legal for foreign visitors only 10% Legal in limited localities 1% Legal only 47% 11

12 Online casino The situation with online gambling is more complicated and confusing. This is due to the fact that the state control bodies differ in their attitude to national and foreign operators. Different forms of restrictions are imposed on online gambling in countries where about 56% of the world s population lives. 39 countries ban online casinos completely 32 countries ban local operators from running casinos, but many that are run by foreign countries still take bets. The reasons for this anomaly are varied, including the fact that some countries do not have the resources to effectively block access to websites of foreign operators. 61 countries allow casinos to operate under license. In half of these countries the licensing requirement is drawn up in such a way that only a local company can obtain a permit. Very often, foreign operators take bets without even having a license. As in the previous paragraph, the authorities of such countries do not want or can not stop illegal online gambling. 93 countries allow casinos and do not require compulsory licensing from the regulator. WORLD COUNTRIES DISTRIBUTION BY LEGAL STATUS OF ONLINE GAMBLING Completely banned 17% Local casinos banned, foreign not banned 14% License required for all casinos 13 % License required only for local casinos only 14 % Not banned 47 % 12

13 COMPARISON Using the data presented, you can see how countries that allow the operation of land-based casinos ban the operation of online casinos and vice versa. There are 168 countries in the world in which local residents are allowed to play in land-based casinos throughout the state or in parts of it. How do those countries deal with online casinos? 27 countries completely ban the activity of online casinos, despite allowing land-based versions operate without no restrictions. 60 countries have introduced state regulation of online gambling. 81 countries do not ban online gambling and do not regulate this market. Citizens who live in 57 countries around the world do not have the facility to bet in land-based casinos where activities of offline operators are banned. But can they bet on the Internet? In 44 countries there is a complete legislative ban on gambling, both online and offline. In 13 countries, land-based casinos are banned, but online operators can work. The activity of online casinos is either not regulated by law, or is allowed, even despite the ban on land gambling establishments. WORLD COUNTRIES DISTRIBUTION BY LEGAL STATUS OF ONLINE GAMBLING (COMPARED) LAND-BASED CASINOS NOT BANNED LAND-BASED CASINOS BANNED Not banned License required for all casinos Completely banned License required for locals only Local casinos banned, foreign not banned 13

14 PLAYERS VIEWPOINT In 132 countries where online gambling operators are banned or restricted, what happens to the ordinary people who place bets online? In 92 countries, nothing will happen to the player, as there are no penalties. In 15 countries, a bet in an online casino will be considered as an administrative offense. In 23 countries an online game in the Internet is a criminal offense. Some states take additional steps to complicate their citizens accessing unlawful internet gambling. In 36 countries, Internet providers are required to block users from accessing all online casinos. In 18 countries, authorities require banks to block financial transactions in which gambling establishments take part. How casinos work The legislation regulating gambling does not always reflect the real state of affairs in the industry. Some casino operators voluntarily block access to their sites for citizens of countries in which online gambling is prohibited. Other operators do not pay attention to the bans of local authorities and freely accept bets. However, almost always casinos make a decision based on business strategy or marketing considerations. It s interesting to look at how online casinos relate to foreign customers. Thus, online casinos restrict access to their sites to residents of countries where: requires a license from the regulator - 24%; gambling is banned - 22%; only foreign operators are allowed to work - 16%; a license is required for local operators, but foreign ones can work - 14%; no online gambling restrictions - 14%. 14

15 LEGAL STATUS OF ONLINE GAMBLING AFFECTING THE COUNTRY RESTRICTION RATE IN ONLINE CASINOS Not banned License required for locals only License required for all casinos Local casinos banned, foreign not banned Completely banned PERCENT OF ONLINE CASINOS RESTRICTING ACCESS TO THE COUNTRY 15

16 GAMBLING AVAILABILITY SCORE In order to quantify the availability of online gambling for residents of different countries of the world, researchers have introduced such an indicator as the Gambling Availability Score. The KeyToCasino team combined the research data on different countries, leading them to a common denominator. All the results obtained were summarized in a single table. Each country can score a maximum of 1000 points. The scoring was determined according to the following six factors: citizens of the country are allowed to play in online casinos without any restrictions points the activity of land-based casinos is allowed points the activity of online casino operators is allowed points the authorities of the country do not pursue gamblers for bets in foreign casinos points regulatory services do not oblige Internet providers to block foreign gambling sites points a country in which banks are not obliged to block financial transactions related to online gambling points. If you bring all these factors together, you can receive the rating of the attitude of governments from different countries to online gambling in general and to online casinos in particular. According to the Gambling Availability Score, the United States is the worst country for online gamblers to live in. It scored just 311 points out of 1,000. Iran and France are the next two worst, scoring 407 and 412 respectively. The countries that get the best scores are Chile, Andorra, and Venezuela. They scored more than 960 points out of

17 Chile Andorra Venezuela Portugal Monaco Liechtenstein Kosovo Senegal Honduras Nicaragua Taiwan Belgium Thailand North Korea Libya China Israel France Iran USA It is worth noting that the score did not include such a thing as the availability of the Internet as a whole. Many countries, ranked in the top ten of the Gambling Availability Score, can not boast broadband Internet access, even in the largest cities. That is, citizens of these countries can easily bet in almost any online casino, if only they can find Internet access. The Gambling Availability Score demonstrates well the ability to bet online, and not the popularity of gambling as such in each country. 17

18 INTERESTING FACTS REVEALED The KeyToCasino team during the processing and analysis of data revealed many interesting and unusual facts: In some countries de facto, casinos are allowed to operate on ships, but banned on land. Among such states are Russia, Thailand, Israel, Japan and the United States. In Israel, in order to be held responsible for gambling, it is enough just to be in the place where the game is going. Law enforcers do not need to prove in court the involvement of a person detained in such a place, to gambling. The legislation of some countries of Central Asia does not contain a ban on gambling. The prohibition on gambling acts on the basis of the norm contained in the Quran (vs. 5: 90-91) Citizens of Belarus are allowed to visit the casino, but they can ask the authorities to prohibit them from gambling. Game machines are not allowed to be imported into the territory of the Faroe Islands, unless you deliver them for personal use or as a collection value. Turks and Caicos casinos allow to take part in the game only those local residents whose annual income exceeds $ 75,000. In Norway, terrestrial gambling establishments are completely banned, but Internet casinos are allowed, their activities are regulated by law. In Libya, gambling is pursued by the same laws as magic and witchcraft. 18

19 CONCLUSIONS Therefore, taking into account all available research to date, the following conclusions can be drawn. The gambling market is steadily growing. The market of online gambling is almost equal in volume to land establishments, and continues to develop actively. The emergence of new technologies greatly accelerates the development of online gambling. Projects based on new technologies are in a more advantageous position than conservative online casinos. Taking all these aspects into consideration, VR Technology launches the ICO of a new project - VR Casino OKO, which combines the realism, excitement, emotions and honesty of land-based casinos with the availability of Internet facilities that are not controlled by state regulations. 19

20 DESCRIPTION OF VR CASINO OKO PROJECT The VR Casino OKO project combines elements of a land-based casino, live video broadcasts, virtual reality, blockchain and smart contracts technologies. VR Casino OKO is a platform and an innovative technology, working on smart contracts Ethereum, allowing organizing live broadcasts from real casinos in the virtual reality format. The goal of the project is to open access to people from anywhere in the world to play in a real casino. At first live broadcasts will be available on the web-platform in a format of a panoramic video, and in the future in the virtual reality helmets VR OKO using a special application. 20

21 VR Casino OKO opens new opportunities for players. Using the platform, anyone gets a chance to experience casino gambling in another country or city inaccessible before. For citizens of many countries where casinos are banned at the legislative level, this is an excellent opportunity to join a real game in a real casino. The VR Casino OKO platform allows the player by using the virtual reality helmet to immerse in a spherical online broadcast from the casino with a viewing angle of 180 degrees. This is a completely new principle of organization of the game process, which will be appreciated by those who are bored of traditional visits to casinos and drawbacks of playing in online casino. Using the convenient and simple interface of VR Casino OKO, the player gets at his/her disposal the opportunity to make equal bets with players who are at the table of offline casinos. 21

22 OKOIN TOKENS For the organization of mutual settlements between the parties (accepting bets and paying out winnings) the ready technological decision OKO Pay is used - the decentralized payment system based on smart contracts in the Ethereum infrastructure. This infrastructure uses OKOIN tokens (cryptocurrency, issued in 2017) as a means of payment and mutual settlements and is designed to address the issues of anonymity of payments and the speed of mutual settlements. OKOIN is the development of the Czech company VR Technology, which has already been used on the VR OKO platform for the distribution of adult content in the virtual reality format. There have always been difficulties with settlements in the online gaming industry along with the 18+ one. And at different levels: from state regulation to processing of payments. In addition, there was no concept of anonymity as such, which severely limited the ability of consumers. With the OKO Pay system, VR Casino players who previously could not openly visit offline casinos or make bets with a bank card in an online casino, due to the risk of being compromised, are now unlimited. In addition, another advantage of a decentralized payment system on the blockchain is its absolute transparency and fairness of operations. Another feature of the payment system based on the blockchain is the complete elimination of the hold of money in banks, and, as consequences, transaction delays. This is especially true, because more than a third of transactions in this sphere fall under the filter suspicious and freeze up to several days for verification. It brings discomfort to both players, and service providers. 22

23 VIRTUAL REALITY GAMBLING Gambling in virtual reality format erases borders between offline and online standards. With the launch of the VR Casino OKO platform gamblers receive the opportunity to experience the latest technological solution VR-WebCam and get the most vivid impressions of the game in offline casino in a virtual reality format. A unique feature of the VR Casino OKO platform is the ability to provide a high degree of transparency and the guarantee of fair game results based NOT on the software algorithm, but in the VR chat mode from a hall of a real casino in a live broadcast format. In a game in an online casino, the user sees what the computer program shows him and for sure many seriously think about integrity of owners of such a gambling establishment. At the VR Casino OKO, everything is quite different: at first the player chooses the country, then the city and then connects to the gaming table in the specific casino. The platform allows an independent evaluation of various ratings and reviews. The development team does everything to ensure that users receive a new instrument of freedom. VR Casino OKO becomes a guide to a dynamic life filled with inspiring emotions that the user chooses for himself. The VR Casino OKO platform opens new opportunities for offline casinos, that in the conditions of market and audience growth of online casinos have great prospects to build a successful online business using the virtual reality technology and platform services. 23

24 VR OKO HELMET The heart of the project is the device - VR OKO helmet. This is a unique development of VR Technologies, which is already on the market (both for real money and for cryptocurrency). Initially, the helmet was created exclusively for viewing interactive films for adults. In these films, the user chooses points of view, angle and approximation. With the development of the VR Casino OKO project, the target audience and the scope of application of the helmet is expanding significantly, which has a positive effect both on the development of the project and on the stability of the token. The VR OKO helmet has already received many positive feedbacks from users, and the sales volume of the device for has already passed the mark. 24

25 In the future, helmets of other manufacturers (Oculus Rift, HTC Vive and others) will be connected to the project of VR Casino OKO, provided that their software will meet the requirements of the project. This will significantly expand the audience of the project and make OKOIN tokens even more liquid and popular. 25

26 OKOIN TOKENOMIKA The OKOIN token is involved in three projects of VR Technology company: 1. VR OKO a virtual reality helmet for viewing interactive movies for adults and infrastructure for fast and anonymous distribution of content. 2. OKO Pay a multifunctional payment system for VR Technologies partners, through which they can accept OKOIN tokens for payments. To date, 9 contracts have already been signed for the implementation of the system after its official presentation on April 25, VR OKO Casino - a unique project combining terrestrial casinos with the virtual reality of online gambling. The tokens were issued in December 2017 at a starting price of $1 per token. To date, the dynamics of changing of the token price is as follows. 26

27 After April 25, the token will enter the open exchange. And, since it is the only means of payment in several projects at once, it is of independent value, liquid and is protected from stock speculations. Moreover, additional protection is provided due to a competent distribution of tokens. To date, the total amount of purchased tokens is more than $ 36 million, 27.6% of which have already been returned in the form of payments for goods and services at the VR OKO project. 27

28 AFFILIATE PROGRAM The affiliate program of the OKOIN project has been active since January 2018.The amount of commission depends on the total amount of purchased tokens. Bronze level 0-50 ETH Silver level ETH Gold level more than 150 ETH 2% ETH tokens 3% ETH tokens 5% ETH tokens +10% OKOIN tokens +10% OKOIN tokens +10% OKOIN tokens Terms of the program 1. To participate in the program, you need to register and confirm the Ethereum Wallet address that supports ERC20 tokens. Commission fee is charged only for an effective transaction in ICO OKOIN from January 25 to April 25, The commission fee is rewarded only for an effective transaction in ICO OKOIN from January 25 to April 25, Spam, fraud and transactions with third parties, compromising the company VR Technology, are not allowed. 5. Pornography and obscene language are not allowed. 6. All materials and articles must be approved in advance by the representative of the OKOIN company. 3. The minimum amount of a partner s investment starts from 3 ETH (transactions with face value of less than 3 ETH are not counted). 28

29 ROADMAP 2018 APRIL ICO (25 March, April, 2018) APRIL Launch of the paying system ОКО Pay DECEMBER Alpha testing (technical launch) of the platform: integration and synchronization of VR-WebCam service, correcting of work with different types of devices, checking of security systems and countering DDoS attacks, development and programming of interfaces, setting up of the server-side MARCH Closed Beta testing of a web-version of the platform. MAY Closed Beta testing of a VR-version of the platform. JUNE Technical documentation ready for platform partners. Partner Relations Department starts its work. SEPTEMBER Launch of the platform in the regular operation mode. 29

30 PROJECT TEAM Roman Pavlovic Dmitry Mamleev Andrey Alekseev Ivan Solomin CEO CENTRAL DEVELOPER CCO CMO The Czech company produces headsets of virtual reality for watching adult movies. The headquarter of the company is located in Prague and representative offices are established in 8 cities, 4 countries. Legerova 1820/39, Prague 2, Czech Republic info@vrtechnology.cz 30

31 CONCLUSIONS Under restrictions created for traditional casinos, online gambling is gaining momentum. This is clearly seen from the stable growth of the gross revenue from year to year. At the same time, traditional land casinos also show steady growth. This allows us to make a logical conclusion that a project that combines offline and online gambling has a double chance of success. At the heart of the VR Casino OKO project is the popular device (helmet VR OKO) and the OKOIN token, which is used in two more projects. Such a division reduces the risks several times, increases the independent value of the token, its liquidity and demand on the exchange. There are indirect competitors - online casinos, but they are all tied to machine algorithms, which are not trusted. Plus, they do not bring the atmosphere of the gambling house. It has been experimentally proven that the higher the involvement, the more money people spend in gambling. In this regard, the VR Casino OKO project has every chance of success, as well as the OKOIN token. OKO.CASINO OKOIN.IO VRTECHNOLOGY.CZ OKOSTARS.COM 31