AMA Recap Crypto Library with TurboDeal

 

 
On 26th August 2021, TurboDeal conducted an AMA in the Crypto Library Community. Our guest is Giorgio. Lots of questions as usual from the Community about TurboDeal progress. The TurboDeal team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into TurboDeal.

Let’s take a look at the most interesting points of our conversation.

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Giorgio (TurboDeal) : Hello Friends, I am Giorgio(32), I am the founder of TurboDeal. Thank you in advance for having me here. First of all, I would like to introduce myself and my colleagues before I introduce the project. Our software engineer group consists of 14 people. We are 18 people with the whole team. We have successfully completed many projects in the field of software before. We have more than 10 years of experience in the software industry.
We wanted to prove ourselves in this field with this project, as we know that we always have to be up-to-date in order to be in this sector.
FIRST SEGMENT (HOST)
Crypto Library Team :  What is TurboDeal? and How does it work
 
Giorgio (TurboDeal) : TurboDeal is a betting exchange - an online marketplace for punters to bet against themselves on sporting and cultural events around the world.
 
The main difference between a betting exchange over a traditional bookmaker is that, with an exchange, you are betting directly against other players.
This means that there are two kinds of players involved in any bet made on an exchange.

The first is the player who places the ‘back’ bet. Backing a bet on an exchange is the same as doing so with a traditional bookmaker, and simply involves selecting an outcome and deciding a stake.

The second type of player is the crucial one: the player who ‘lays’ a bet.
Simply put, laying a bet means betting against an outcome.
 
Crypto Library Team : Why should we choose TurboDeal? and what is the reward for reffering a friend?
 
Giorgio (TurboDeal) : TurboDeal is slightly different to traditional bookmakers in the sense that you’re not betting against the bookmaker but against another person who is placing a bet on the exchange.

That’s exciting stuff if you’re a gambler, but it’s also beneficial.
Betting exchanges are popular because they offer a little more flexibility to gamblers, who can back bets or lay bets, the latter, effectively, being a case of selling a bet.

Not only that, since people are betting against each other on the exchange, the exchange is less concerned about making a profit and only takes a commission from the winnings.
This allows them to give better odds and the chance for customers to win more money than by betting with a traditional bookmaker..
 
Crypto Library Team : Please tell us about $TURBO token ! What are the token use-case, distribution, and where we can buy it?
 
Giorgio (TurboDeal) : As Turbo is a decentralized platform, cryptocurrency is required as the medium of exchange. In the beginning, casino and betting will be through some other coins with users having the ability to deposit and withdraw BTC, Doge, LTC, XRP, TRX. However, the TURBO token will be introduced, which will be the governance token, enabling token holders to vote which event to be or bet or decide to add and game on the platform.
Presale Link:  
https://dxsale.app/app/v2_9/defipresale?saleID=2688&chain=BSC

Name: TurboDeal
Symbol: TURBO
Token Address: 
0xb11887D2BDE1e3cC87D1AE93b91aA7Df5C00f5dF

You can find the necessary information about tokenomics here
https://docs.turbodeal.io/tokenomics
 
Crypto Library Team : Could you give us some information about your roadmap, your milestones, and also your future plans? 
 
Giorgio (TurboDeal) : We have a working system at the moment. The casino is currently active in all sense with the ability to deposit and withdrawal with multiple cryptocurrencies. 20+ games. Over the time, we plan to achieve each of the milestones below
https://casino.turbodeal.io

UI Design
Launch Sports Betting Exchange & Sports book & Esports Bet: PPLS bet against each other. Live bets, gamblers can wager on various sports competitions also can bet on e-sport events/Holders and stakers of Turbo token can also ask for events to bet which WWE didn't list.
Bet validator system & live score tracking system
Presence and marketing
Decentralized Exchange / Pools / Farms
Wallet app/ wallet integration with 3rd parties / swaps and transfer
Development of the staking on wallet 
SECOND SEGMENT (TWITTER)
Crypto Library Team : I understand TURBO DEAL is designed to create a professional, transparent and sustainable sports betting ecosystem. Can you explain to us how TURBO manages the legal requirements in your country?

Giorgio
(TurboDeal) : Turbo, a decentralized sports betting exchange that approaches the concept of a blockchain-native sports betting platform with two key objectives — creating a decentralized and trusted framework for sports betting and providing a rich user experience through an off-chain service layer.

The main difference between a crypto casino and other  online casinos is the currency you use to load your funds and cash out your payouts. With digital currency, you’re going to enjoy a lot of added benefits.

Gambling with cryptocurrency is entirely anonymous because your identity is never linked to any transaction.Also we are not asking for it .. You can sign-up and login by e-mail(Even when you register by social login). You do not need to verify the mail.

•There are no specific laws regulating crypto gambling because most cryptocurrencies are neither officially allowed nor explicitly prohibited.
•Attitude to the use of cryptocurrency varies by country. Some countries are optimistic about the use of various cryptocurrencies and are seen as the future of the monetary denomination. Other countries don’t allow the use of cryptocurrencies at all.

Is that why we love crypto anyway?
 
Crypto Library Team : Does the TurboDeal initiative come as a whole or from a company associated with online betting? Or is yours a project that starts from scratch in this world in a disruptive way to change the paradigm of online betting?

Giorgio (TurboDeal) : As I mentioned before, We have more than 10 years of experience in the software industry. I am absolutely certain of that, there are more than one site that most of you know about betting that we have developed. You must have seen it either in commercials or on billboards while watching a match. But while we were establishing these platforms, we also conveyed to those who gave us the job in order to do our job properly, that we could add creative functions to improve what could be done better, but they were only thinking of the money they would give. We, on the other hand, we do want to do an excellent job .. that's why we want to create an excellent platform with our experience.
 
Crypto Library Team : Most of investors just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors by holding token long term?
 
Giorgio (TurboDeal) :  The priority for us is to complete and open our platform. We are confident that you will make profits for the users of the platform and the holders of $TURBO tokens.

Just as you can earn while trading on the stock market, you will be able to make a profit by buying a bet on this platform and selling at the same time.

You will also have your own betting exchange. !!

Our platform will work with very low commissions with betting options that are not seen in crypto betting companies and regular betting companies, and it is trying to create a value by aiming to win together instead of encouraging users to lose like other platforms. In addition, our platform is designed in accordance with many infrastructures such as swap center, earning in wallet, apart from betting.
You need to be a $TURBO lover to have these rights :)

we will also define fixed rate interest opportunities in our wallet and on our platform.
 
Crypto Library Team : Can you tell us about the results of your DxSale presale, according to that activity, how do you envision the future of TurboDeal, what are the aspirations and milestones you want to achieve?
 
Giorgio (TurboDeal) : The presale is still ongoing.

We started our sale as a whitelisted. However, due to Trustwallet's connection problems, people had problems connecting to make purchases, so we changed the sale to public as of today.

Our token is currently on sale on the dxsale.app platform. Our pre-sale will end in 3 days. When the sale is over, 51% of the deposited amount will be added to the pool in pancakeswap by the dxsale team and the lp tokens will be locked for 3 months. The listing price of the Pancake will be 10% more than the pre-sale price.

If the sale is not successful, the deposited amount will be refunded by the platform. If this happens, we can resell with a different platform or it can be on our own platform. Or we can complete our project in a longer period of time and consider the option to issue a token later.

https://docs.turbodeal.io/roadmap
 
Crypto Library Team : TurboDeal offers a win-win model, regardless of the outcome. This has definitely caught my attention. What are the ways to earn money within TurboDeal even if I don't win a bet? What percentage of winnings is generated regardless of the outcome?
 
Giorgio (TurboDeal) : You can refer new users to our website and earn credits when they make bets or deposits.

Bonus on first deposit (Both)
Bonus when invitee wins
Bonus when invitee loses

We have a system that always gives you a win.

Affiliate commission is div
ided into three tiers. Everyone who joins the website by your link becomes your 1st-tier referral. 2nd-tier is users who signed under the 1st-tier referrals link. 3rd-tier is users who signed under the 2nd-tier referrals link.
Commissions approval frequency: weekly.

You can check it after you register with the system.
https://casino.turbodeal.io/user/affiliate/ 
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : I Think NFT is really Popular topic for NOW What is your opinion regarding NFT?
 
Giorgio (TurboDeal) : We plan to achieve each of the milestones..

We're actually thinking of something a little more heartstone or, for example, football manager. In addition, different betting options and events will be organized for those who hold these nfts.

Launch NFTS / Fantasy Sports Stock Market:  Only the shareholders can bet on special event bets. Also, teams will be used like this for events. Like Man UTD shares. If you hold the shares of team, you can join special events (bets) with shares.
 
Crypto Library Team : Do you have AUDIT certifications to increase the security and reliability of your system?
 
Giorgio (TurboDeal) : As I mentioned at the beginning of the event;

We have more than 10 years of experience in the software industry. We wanted to prove ourselves in this field with this project, as we know that we always have to be up-to-date in order to be in this sector.

In the crypto field, since there is no Sports Betting Exchange  that works the way we do but there is a company that we take as an example for ourselves .. Like Matchbook for example ..
Of course, we continue by adding other things on top of what we see.

Sports betting exchange is at the perfect intersection  
Globally, it is estimated that over $US140 billion is placed on sports betting each year within regulated markets alone. Although there are no statistics for the overlap of individuals who use cryptocurrency and bet regularly.. Turbo is to provide enough value in terms of security and usability to enable us to start targeting the mainstream betting audience with our platform.

We contacted CertiK to cooperate on behalf of business development and to request that the reliability of our contracts be tested..
 
Crypto Library Team : Can I buy TURBO  tokens right now, and if so, which wallets do yoou support? Can you tell me about your team's history? How will you and your team complete this project in the midst of the current pandemic (COV-19)?
 
Giorgio (TurboDeal) : OUR SUAN SALE IS ACTIVE AS PUBLIC, IF YOU WISH, YOU CAN PARTICIPATE HERE.

https://dxsale.app/app/v2_9/defipresale?saleID=2688&chain=BSC

The dxsale.app platform supports almost all wallets. but what we will recommend as a more seamless solution is the wallet metamask. It will be enough to add the bsc network to this wallet over the network.

Frankly, apart from our team, all the members of our company have been injected 4 times, in this process, we work from home . The work to be done is divided into sections and then combined .We work in this way unless necessary or when there is no important meeting.
 
Crypto Library Team : Can you explain how is your tokenomics distribution? How many tokens will be minted? And How many tokens Will be locked by the team?
 
Giorgio (TurboDeal) : An amount of 65 million is locked as you can see here. It will remain locked here for 6 months. In the next process, whatever our community wants will be done so that the token may ll  be needed for listing  or something better in the future. If our community would like it to be locked for a longer period of time, and if they vote, we would like to take all the steps to be taken in lockdown with our community(Family).

If the sale is successful, we will be listed on the exchanges we have agreed upon within 2 -4 weeks. ( Hotbit, Gateio, LaTokens)

Token Locker Link : 
https://dxsale.app/app/v2_9/dxlockview?id=0&add=0xEEc795D67D6AD58f1684ECE4318636C64Cc2Bb4b&type=tokenlock&chain=BSC

You can find other information and whitepaper here.

https://docs.turbodeal.io/
https://turbodeal.io/whitepaper.pdf
   
 
Crypto Library Team : Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?
 
Giorgio (TurboDeal) : We mainly aim to finalize and improve the services provided by our platform. All the Turbo platform services will be exclusively available in exchange for Turbo tokens. Upon completion of the PRESALE, only Turbo token holders will access our products and services in exchange for Turbo tokens.

Globally, it is estimated that over $US140 billion is placed on sports betting each year within regulated markets alone. Although there are no statistics for the overlap of individuals who use cryptocurrency and bet regularly, the recent discovery of a cryptocurrency gambling ring worth $US1.5 billion indicates a dedicated market. If a legal outlet for cryptocurrency betting is provided, we believe the market can grow much more prominent. In this way, both turbo token holders and those who use the platform will win together.

 
 
 
 
 
 
 
 
 
 
 
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