In this interview, we get down to brass tacks with Gamdom Founder Felix Roemer who walks us through what his company does and how it has been able to build a loyal customer base. Leveraging cryptocurrencies and blockchain technology, Gamdom has established itself as a trusted and reputable name in the industry.
Roemer talks about Provably Fair algorithms and how players can verify the fairness of each outcome. Gamdom as a whole emphasizes transparency and safety and has been able to establish a business model that meets evolving requirements and upholds the industry’s best practices. Read our full interview to see what Roemer had to say regarding his company’s dedication to building a better iGaming future for its audiences
Q: Let's start from the top.Gamdomis a crypto casino, what immediate advantages does this bestow to your brand?
Cryptocurrency payments offer fast, convenient, and cost-effective transactions. With instant transfers and no reliance on banks or payment service providers, depositing and withdrawing winnings becomes seamless, enhancing the player experience. Moreover, crypto transactions prioritize security through advanced encryption and authentication technology, safeguarding customers from fraud and cybercrime. Rest assured thatGamdomprovides a secure online casino experience, as funds are trusted in our care. Furthermore, all payments are stored on the blockchain, ensuring transparency and fairness in our games.
Q: Can you tell us a bit more about your player base and their preferences - what has made them come to you and become loyal players?
One of the main factors that has attracted them to come to us and become loyal players is our unique rewards system. We offer attractive bonuses, promotions and affiliate programs that provide our players with exciting incentives and rewarding experiences. These rewards schemes are tailored to each player, so players can unlock special prizes and benefits that will make them feel appreciated. Additionally, our games are designed with the modern day players in mind – offering a range of game variations that cater to different tastes and preferences. Our selection includes everything from slots to live casino games like blackjack and roulette.
When it comes to our interface and design, we truly believe that we offer the best interface of any casino. Our platform has an intuitively designed interface with meticulous care and precision, which greatly enhances the overall gaming experience. The modern design, along with a user-friendly layout, always receives overwhelmingly positive feedback from our players. They love how easy it is to navigate and have a blast playing their favorite games onGamdom.
Finally, our reputation as a reputable brand with high integrity has played a significant role in attracting and retaining loyal players. We prioritize fairness, transparency, and security in all aspects of our operations. Our commitment to these values has enabled us to be recognized as a safe and reliable crypto casino.
Q: Gamdom uses a Provably Fair algorithm. Can you tell our readers how this works and why it matters for players?
It refers to a system or mechanism that allows users to verify the integrity of the game's outcome and confirm that the results were not manipulated or biased in any way.
Traditionally, in offline or centralized gambling establishments, players have to trust that the casino or platform is conducting their games fairly. In a provably fair system, cryptographic algorithms and mathematical proofs are used to ensure that game results are fair and random. It allows players to independently verify fairness by examining the algorithms, seeds, and relevant data used in the game.
Here's how a provably fair system typically works:
Step 1: Seed Generation
The system kicks things off by generating a random seed. Think of it as the starting point for the whole random number generation process.
Step 2: Player's Seed
The player is granted the ability to input their own seed. This feature empowers them with control over the progression of the game, as it truly puts the player in charge of the element of randomness.
Step 3: Game Round
Whether it's a dice roll or a card draw, the game takes place using the seeds we talked about earlier. The outcome of the game is determined based on these seeds.
Step 4: Verification
Upon the conclusion of the game, you will not be left uninformed. You will have access to the utilized seed and algorithms, allowing you to verify fairness. Take charge by running the inputs through the algorithms or utilize convenient third-party tools - the choice is yours!
By allowing players to verify the fairness of each outcome, provably fair systems provide a higher level of transparency and trust in online gambling and gaming platforms. It helps protect players from potential manipulation and ensures a more enjoyable and trusted gaming experience.
Q: There is a lot of talk about blockchain in the crypto casino industry, but isn't it that crypto casinos today do not really use blockchain to run the majority of their operations?
While blockchain technology has been gaining traction in the cryptocurrency casino industry, crypto casinos today do not really use blockchain to run the majority of their operations. Blockchain is used primarily for anti-money laundering and fraud detection purposes as well as handling transactions between players and casinos.
Q: How do you seeGamdom’s position in the fastly-changing market as global regulators are strengthening consumer protection?
AtGamdom, we prioritize staying updated with regulations worldwide. We consistently review and enhance our internal policies, procedures, and systems to ensure compliance with laws and regulations. This commitment enables us to meet evolving requirements and uphold the industry’s best practices, creating a safe and equitable gaming environment for our players.
As the market evolves, Gamdom remains dedicated to adapting to changes that enhance player protection, transparency, and overall integrity. By staying at the forefront of regulatory developments and prioritizing consumer protection, we solidify our position as a trusted and responsible provider in the rapidly changing global market.
Q: What do you think the biggest change in the crypto gaming space will be over the next few years?
In the coming years, we anticipate the crypto gaming space undergoing a significant transformation, primarily driven by increased global regulation and the harmonization of policies. Governments and regulatory agencies are now acknowledging cryptocurrencies as assets, leading to a greater allocation of resources for monitoring and control. As blockchain-based technology and associated financial transactions become more widespread, we can expect a rise in scrutiny and oversight to ensure compliance with regulations. This shift towards a regulated market will instil greater stability and confidence in the crypto gaming industry, fostering a safer and more secure environment for both players and operators.
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