Interview with Mageramov Oleksiy – TruePlay’s CEO

Q: In your own words, describe TruePlay in a nutshell?
Mageramov Oleksiy:  Think of it as a single cryptocurrency for online gambling. It’s not tied to any single gambling project, but it’s accepted by many. It requires a single authorization, and has the benefit of being a unified currency, regulated by TruePlay – a platform we developed to rid online gambling of the numerous trust issues it faces. The TruePlay token is an important part of that platform, and a key mechanism for ensuring transparency and building trust.

Q: Tell me a little about yourself and your team
Mageramov Oleksiy:  I’ve been part of the online gambling industry for over a decade now. The industry has given me so much, and this project is my way of doing something for the online gaming community. TruePlay is the brainchild of a team that knows all the ins and outs of online gambling, a team that saw the industry’s numerous shortcomings and decided to create a product that would finally make online gambling fair, transparent, and user-friendly. Blockchain is the technology to do it.

The TruePlay team is unique in that it combines the knowledge of some of the world’s top experts in online gambling with the expertise of top crypto advisors. Our product is unlike anything the gambling industry has ever seen, and is in itself of the most promising uses of blockchain technology – the kind that can become a gamechanger for an entire industry.

Q: How is TruePlay different than other cryptocurrencies\ICOs?
Mageramov Oleksiy: TruePlay means faster-than-ever transaction times between the player and the online casino. It ensures transparent payouts, with no waiting period – an industry first.

TruePlay also enables a public casino ledger that is accessible to all players, and therefore serves as a guarantee that a gambling project has enough funds to cover all bets.

Q: Tell me about the milestones you reached so far, and your plans for the future
Mageramov Oleksiy:  In terms of gaming, TruePlay guarantees that a game’s results are formulated before the bets are placed, and in such it creates a guaranteed fair game, unaffected by the amount and quality of bets – that kind of transparency was unheard of before TruePlay entered the market, and we’re especially proud that games like online Roulette can now be trusted again. We’re already seeing great results.

Q: Do you think cryptocurrencies will change the face of finance in the future?
Mageramov Oleksiy: Of course. TruePlay is an excellent example, as it is changing the gambling industry – all through the use of blockchain and a dedicated cryptocurrency. Now, while you can’t exactly assess crypto’s effect on the industry as a whole, you can see how it’s an entirely different system of public trust, and in that alone is a guarantee that cryptocurrencies are here to stay – whether financial regulators are ready for them or not.

Q: If you could change something in the crypto industry, what would it be?Mageramov Oleksiy: I’m all for legalizing the crypto-world. I think an important part of that is educating people, explaining to them what cryptocurrencies are, and how they can benefit them in everyday life, how it’s not just a product for techies and shady deals, but a new financial reality that’s going to change the face of the global finance industry, and the way we trust each other with money.