What is True Flip

True Flip is a fair international blockchain lottery with several online lottery games. The underlying True Flip tokens allows their owners to participate in a special quarterly game. Its prize fund is formed with 10-15% of each sold ticket. This is basically a kind of dividend in an attempt not to be marked as a security token

True Flip’s goal is to become the most popular and transparent blockchain lottery that belongs to international community and offers the biggest Jackpot in the world.

Most of currently existing lotteries are totally centralized or even held by governments and are hardly transparent. True Flip’s mission is to build True Flip as a provably fair and decentralized lottery platform that neither any nation state, nor a single authority, nor members of our team could control.

Whitepaper forecast suggests 15 000 sold tickets per day. This number accounts for only 0.4% of the global online-gambling market in current prices. After the launch of three new lotteries, the daily turnover in whitepapers model might reach 50 thousand sold tickets (1.3% of the world market). 18155 tickets in total where sold in 2018 second quarter.

ICO money is primarily used to increase the Jackpots (60%), marketing (20%) and operations (10%)

Trueflip holds a quarterly lottery for TFL holders and raffles the Token Holders Fund. The TFL tokens need to be parked at the TrueFlip site, so the holder is eligible to participate in the Master Flip game (a single number out of 256 is drawn). For every 100 TFL parked you receive a Master Flip ticket to join the dividend game. In that game you can choose your odds of winning the game and the holder gets winnings / dividends paid out in BTC on their account at Trueflip.

Base dividend is calculated as the Token Holders Fund / Total TFL supply and depending the four possible odds you choose there are multipliers working to increase the pay out. Only parked tokens are eligible for dividend, the fund allocated for non parked tokens is moved towards the next quarter.

What would be the best bet over the long run in the MasterFlip game. Suppose there is $10 dividend per coupon without multipliers, what numbers you should pick?

Current Token Holder Fund: 1.9715 BTC ($20,004.84)

Would you have done better investing in the big crypto coins instead of buying TrueFlip?
Table below gives an overview if you had the choice to invest $1000 at the ICO ending or any given day.

2019-04-19 The games looks nice… As far as I can take a look. I live in the wrong country to be able to play. Not that I care, but can’t see the games itself.
From a dividend perspective thing does not look good. Most dividend from the Token Holder Fund Pool was derived from the leftovers from previous quarters. There is hardly any real profit at and al it had never past the 2 BTC a quarter.

But there is still progress. New games are still developed and according to the last report “Since January, we seriously updated Trueflip.io, adding a new game (which shows a fine retention rate), launching a long-awaited bonus system, with new packs coming up, and, of course, enabling fiat top-ups with cards and Neteller. Skrill and PaySafeCard are in the pipeline”

From the same report the most important upgrade could be “So, what about next quarter? In April, we start another page in the story of True Flip, launching a playground with 500+ game titles from top-20 providers. We believe, with its adorable concept and coolest features planned, Trueflip.io will soon challenge top regulated casinos. Also, we will add new promo tools and a partner program with an appealing 40% return to web masters.”

So long term it is hard to say at the moment. Getting a foothold in casino land is a hard one with already many established online casinos in the fiat world. I don’t’ expect the results to be worse than it is now but still very hard to say if TrueFlip will survive.