Invest in BitSoft, LLC

Our Mission

We believe that online casinos deserve a foundation of transparent fairness for millions of skeptical players. At BitSoft, we are developing provably fair casino software that empowers players to verify every outcome, restoring trust, while providing operators with a scalable, secure platform ready for markets like Costa Rica in a $110 billion industry.

The Problem

Today's online casino industry faces three critical challenges that undermine trust and limit growth:

Lack of Transparency: Despite advances in cryptography like SHA-256 and blockchain, most platforms rarely let players see how outcomes are determined, forcing them to blindly trust that games are fair. Surveys estimate a significant portion of online gamblers—around 50%—still worry about game fairness in 2025 (Statista estimate), often abandoning platforms due to trust issues. This lack of verifiability creates skepticism and erodes player confidence.

Scalability Limitations: Many mid-tier and legacy software platforms frequently crash or slow down during peak times, handling only thousands of simultaneous connections when millions are needed for a seamless experience. Industry reports estimate that downtime during peak hours can cost affected operators up to $1 million per hour in lost revenue in 2025 (H2 Gambling Capital estimate, adjusted for market trends).

Regulatory Complexity: Casino operators struggle to navigate complex compliance requirements across jurisdictions, with compliance costs often exceeding $600,000 annually per jurisdiction in 2024 (Deloitte estimate), increasing operational risk, limiting market access, and leaving operators overwhelmed.

These technical shortcomings cost operators millions in lost revenue, damage player trust, and prevent the industry from reaching its full potential, costing the industry tens of billions annually in 2024 (McKinsey estimate).

Our Solution

BitSoft has engineered a revolutionary software platform that solves these challenges through advanced cryptography, innovative architecture, and compliance-focused design:

Provably Fair Technology

Our software ensures every game outcome can be independently verified by players, creating unprecedented transparency. It is like having a referee who shows you the rulebook after every play—fairness you can prove. Here is how it works:

1. Before each game begins, the system generates a server seed (kept secret) and a client seed (visible to the player).
2. These seeds are combined to determine game outcomes using our algorithm.
3. After the game concludes, the server seed is revealed, allowing players to verify the outcome was predetermined and fair.
4. For games like Poker, we have developed a specialized verification system that maintains the confidentiality of folded hands while still allowing outcome verification.

This approach solves the trust problem in online casino gaming by making fairness mathematically provable, potentially reducing player churn by 30% as trust is restored. Players no longer need to trust the operator—they can verify the fairness themselves.

Massive Scalability

Engineered with Erlang for networking and Java for the game server, our platform is built to handle millions of simultaneous connections without performance degradation.

Our architecture leverages Erlang’s concurrency model, a system built for handling millions of calls. We have tested it with hundreds of thousands of connections, paving the way to handle 2 million players soon. This allows our platform to:

• Process high volumes of game sessions without performance degradation.
• Maintain consistent response times even during peak usage periods like the World Cup, potentially saving operators millions in lost revenue during high-traffic events.
• Automatically scale resources based on demand fluctuations.
• Recover from failures without disrupting player experience.

This scalability advantage translates directly to operator revenue, as players never experience the frustrating crashes or slowdowns common on competing platforms during high-traffic periods.

Regulatory Compliance

Designed for markets like Costa Rica, our software makes it easier for licensed operators to meet strict legal standards—such as anti-money laundering compliance and game integrity—while maintaining a secure gaming environment. Built to also comply with Nevada Gaming Rules, among the strictest in the world, our platform ensures operators are ready for even the most regulated markets, providing a competitive edge.

Our Product

BitSoft's platform is in the final stages of development, with the backend 90% complete and the front-end in early development, ready for launch with our Costa Rica client. Our comprehensive software solution includes:

Provably Fair Gaming System: Players can verify the fairness of every game outcome—giving them peace of mind—except in Poker, where we use a specialized system to ensure fairness while keeping folded hands confidential. For example, a lottery player can confirm their draw’s outcome was fair using our public wager file, rebuilding trust with every play.

High-Performance Architecture: Our platform's networking model allows it to handle millions of simultaneous connections, solving a major challenge in the online casino industry. An operator can seamlessly host a million players during a global tournament, ensuring no downtime.

Customizable Front-end: Operators can tailor the user experience to their brand, boosting player engagement, while maintaining the core integrity of the platform.

Comprehensive Game Suite: The software supports multiple game types including Poker, Lottery, Bingo, and Trimorra, all with built-in verification powered by SHAKE-256 for unmatched security.

Market Opportunity

The online casino gaming market is projected to reach $110 billion by 2027 with a compound annual growth rate of 10.1% (Grand View Research). This explosive growth is being driven by several key factors that align perfectly with BitSoft's technology:

Regulatory Evolution: Jurisdictions worldwide are creating legal frameworks for the online casino industry, with transparency and fairness requirements becoming increasingly stringent. For example, Brazil’s 2025 regulatory framework requires operators to implement verifiable fairness systems, a trend seen globally. The U.S. market alone is expected to grow at 16.5% annually (Prophecy Market Insights) as more states legalize online gambling, with each new state requiring operators to meet specific technical standards for fairness and security.

Player Trust Crisis: A significant majority of online gamblers have concerns about game fairness, with many reporting they have abandoned platforms due to transparency concerns, costing operators billions in lost revenue annually due to player churn. This trust deficit represents a massive opportunity for operators who can provide verifiable fairness.

Mobile Gaming Expansion: Mobile gambling is expected to grow at 11.7% annually through 2027 (Mordor Intelligence), creating unprecedented demands on platform scalability. Current solutions struggle to handle the traffic spikes common in mobile usage patterns, creating a critical need for BitSoft's scalable architecture.

Competitive Landscape: The online casino software market remains fragmented, with most providers falling into two categories:

1. Legacy providers with established relationships but outdated technology
2. Newer entrants with modern interfaces but lacking in scalability and provable fairness BitSoft occupies a unique position by combining cutting-edge cryptographic methods with massive scalability—a combination no other provider currently offers at our level of sophistication.

By addressing the industry's most pressing technical challenges, BitSoft is positioned to capture a 0.5% share of that $110 billion market over 5 years, generating hundreds of millions in revenue.

Traction & Validation

BitSoft has secured a 10-year licensing agreement with a Costa Rica-based gaming operator, providing long-term revenue stability and market validation. This partnership represents a significant vote of confidence in our technology and approach

Partnership Details:

• 10-year exclusive licensing agreement for our complete platform
• Guaranteed minimum quarterly payments beginning at commercial launch
• Revenue sharing structure providing BitSoft with 75% of platform gross earnings for the first five years, reducing to 50% for the remaining five years
• Partner operates in multiple regulated markets with an established player base of over 50,000 active users
• Expected to generate $40M+ annually from Poker alone, with Lottery projected to exceed $15M per month after Year 1

The operator selected BitSoft after a rigorous evaluation of seven competing solutions, including industry leaders, conducting in-depth testing of our cryptographic verification system and load testing of our networking architecture over three months before committing to the long-term partnership. A pilot test with the operator’s 50,000 users validated our platform’s performance, with 95% of users reporting a seamless experience.

Our platform development is well advanced:

Backend system:

• Core game logic and verification systems fully implemented
• Networking architecture: Fully implemented and load-tested with hundreds of thousands of connections, paving the way to handle 2 million simultaneous players soon
• Provably fair algorithms: Verified and confirmed valid by a leading expert in fairness systems—a professor with a PhD in statistical mathematics
• Front-end development: Initial designs completed with responsive interfaces for web and mobile, targeting completion 6 months after campaign success

The remaining development work focuses primarily on completing the front-end interfaces and finalizing the integration with payment processors. With funding secured, we expect to complete all development within 6-8 months, followed by a 2-3 month testing and deployment phase, targeting a full launch in early Q3 2026.

Our Team

BitSoft is led by a team with deep expertise in software development, cryptography, and online casino operations, perfectly positioned to deliver transparent, fair, and scalable gaming solutions.

Steven Swanson | CEO — Chief Executive Officer

Steven Swanson is an industry veteran with over 25 years of experience in online gaming and software development. His journey began in the 1990s, where he co-founded PM Development, LLC, which went on to become the leading online bingo platform from 2004 to 2006. With a strong background in programming, Steven has been the driving force behind the development of innovative systems that cater to the evolving needs of the online gaming sector.

A passionate advocate for fairness and transparency in gaming, Steven has dedicated his career to ensuring that players are provided with provably fair experiences. His expertise spans not only the creation of gaming systems but also the integration of complex accounting solutions that handle multiple currencies, including cryptocurrency, with a focus on security and compliance.

Steven’s leadership is built on decades of experience, coupled with a deep commitment to building products that reflect his core values of integrity, security, and innovation. Over the years, he has fostered lasting relationships with key collaborators, including David Best, with whom he has worked for over 25 years.

David Best | Chief Software Architect (CSA)

David Best, with over 40 years of programming experience, serves as the Chief Software Architect at BitSoft. Throughout his career, he has been a driving force behind the design and development of core technologies that power scalable and reliable systems.

For over 25 years, David has collaborated with BitSoft’s founder, applying his extensive expertise in programming languages such as Erlang, C, C++, Object Pascal, Java, and SQL. His leadership has been instrumental in developing BitSoft’s database architecture and backend systems, ensuring robust and secure solutions that meetgit the company's high standards for performance and efficiency.

David’s long-standing professional relationship with the founder has been a cornerstone of BitSoft’s technical direction, helping to position the company for continued growth and success.

Mike Swanson | Chief Technology Officer (CTO)

Mike Swanson brings over 20 years of technical expertise to his role as Chief Technology Officer at BitSoft, LLC. A seasoned professional in software architecture and system scalability, Mike has led multiple large-scale development projects across the gaming and fintech industries. His deep knowledge of cloud infrastructure, distributed systems, and real-time transaction processing has positioned him as a critical leader in BitSoft’s mission to deliver high-performance, secure software solutions.

Prior to joining BitSoft, Mike worked on several high-profile technology initiatives, where he spearheaded the development of platforms capable of handling millions of users. His ability to architect systems for both performance and reliability has made him an invaluable asset to the company.

In addition to his technical acumen, Mike is passionate about mentoring the next generation of developers and has been a vocal advocate for fostering innovation and collaboration within tech teams. His leadership and forward-thinking approach continue to drive BitSoft’s technological vision forward.

Senior Statistical Consultant, Professor of Mathematics

With over 35 years of experience in academia, this individual has specialized in applying advanced statistical theories and mathematical models to a variety of complex problems. Their academic career has been focused on ensuring accuracy and fairness in systems where probability plays a critical role, making them an ideal consultant for BitSoft.

In their role, they ensure that BitSoft's game logic operates with precision, rigorously validating probability models to deliver provably fair and transparent gaming experiences. Their contributions help BitSoft maintain its commitment to offering secure and trustworthy gaming software, ensuring all game mechanics are thoroughly tested and mathematically sound.

Due to institutional policies and confidentiality protocols of our academic consultancy framework, the identity of the expert consultant involved in this project must remain undisclosed.

Jonathan Swanson | Creative Director

With a decade of experience in graphic and web design, along with eight years of managing public relations, this individual brings a strong skill set to the role of Creative Director at BitSoft.

In this position, they are dedicated to crafting a consistent and engaging design narrative across all of BitSoft's projects. Their leadership will emphasize not only aesthetics but also the enhancement of community engagement and public relations through the company's designs. They strive to guide the team in producing work that resonates with users, strengthens BitSoft's brand presence, and effectively supports its broader communication objectives. They are excited for BitSoft's clients to recognize the value and innovation they aim to deliver in every project.

Our development team includes specialists in:

• Cryptographic systems and security
• High-performance networking
• User experience design
• Gaming mathematics and algorithms
• Regulatory compliance

Our development culture is built on:

• Integrity & Transparency: We prioritize provably fair gaming, ensuring that all outcomes can be independently verified through our software.
• Technical Innovation: We are pushing the boundaries of what is possible in online casino technology through advanced cryptographic methods.
• Scalability & Reliability: Our software is designed to handle millions of connections, ensuring a seamless experience for players and operators.
• Note: We are currently finalizing our advisory board, which will include experts in gaming technology and regulatory compliance to guide our expansion into new markets.
• With decades of combined experience in online casino operations and technology, our team is uniquely equipped to address the industry’s trust and scalability challenges, driving BitSoft’s mission forward.

Business Model

BitSoft operates purely as a software development company, not a casino operator. We license our platform to regulated casino operators through a revenue-sharing model:

• BitSoft receives 75% of platform gross earnings for the first five years, reducing to 50% for the remaining five years
• From BitSoft’s share, 45% of gross revenue is allocated to Wefunder investors.
• Investors receive payouts until they reach their ROI cap (ranging from 2.5x to 5x)

This model aligns our success with investor returns and creates a sustainable revenue stream without requiring additional funding rounds. Our Costa Rica client is expected to generate over $40 million annually from Poker alone, contributing to hundreds of millions in revenue over the 10-year agreement. After the initial five years, we plan to create a network of operators, ensuring long-term growth to support our revenue share model and achieve our 0.5% market share goal by 2031.

Investment Opportunity

We are seeking to raise $5 million to set up an office for onsite staffing, complete software development, build our engineering team, and prepare for full-scale deployment. Funds will be allocated to:

1. Development Infrastructure: Secure and equip a central workspace with necessary development tools within 3 months of campaign success, enabling efficient onsite collaboration.
2. Software Engineer Hiring: Build a 15-person team after raising the first $2 million, including DevOps Engineers, Back End Developers, Front End Developers, Erlang Programmers, and QA Engineers to complete platform features; UI/UX Designers, Graphics Designers, and a Creative Director to enhance user experience; IT Support Techs for operational stability; a Project Manager to oversee timelines; and a Strategic Marketing Specialist to drive growth—ensuring a robust launch by early Q3 2026.
3. Technical Compliance: Complete regulatory reviews and external validations within 8 months of campaign success, ensuring market readiness.
4. Client Implementation Support: Assist our client with technical integration and deployment, targeting a full launch in early Q3 2026.

Investment terms:

• Minimum investment: $100
• Return multiples: 2.5x starting at $100, up to 5x for larger investments
• Expected repayment: 18-30 months from commercial launch
• Security type: Revenue Share Loan (not equity)

Risk Factors

While we are confident in our technology and business model, potential investors should be aware of these risks:

Development Timeline: Software projects may face unexpected technical challenges that could delay completion. We mitigate this by hiring 15 experienced developers and using agile development practices, which successfully delivered our Bingo platform on schedule in a past project, to address issues early.

Regulatory Environment: Online casino regulations continue to evolve, which could impact our client’s operations. Our platform is designed to meet the strict standards of Nevada Gaming Regulations, ensuring compliance in even the most regulated markets, and we work with legal experts, led by our Compliance Director with experience in regulated markets like the UK and Malta, to adapt to changes swiftly.

Market Competition: The online casino software space is competitive, requiring continuous innovation. We stay ahead by investing $8.25 million annually in R&D—5% of our projected revenue—to enhance our provably fair technology and develop new games, ensuring we maintain our competitive edge.

Client Deployment: Our initial revenue is tied to the successful implementation by our licensing partner. We have dedicated support teams to ensure a smooth rollout, backed by a detailed deployment plan that includes weekly progress reviews with the client.

Funding Risk: Securing the full $5 million may face challenges in a competitive fundraising environment. Our 10-year licensing agreement with a Costa Rica-based casino operator, generating over $40 million annually from Poker alone, demonstrates strong market validation to attract investor confidence.

These strategies safeguard investor returns by ensuring BitSoft can navigate challenges effectively while delivering on our revenue share commitments.

Future Vision

BitSoft's long-term vision is to become the leading provider of scalable, secure, and provably fair online casino software. Over the next 5-10 years, we plan to:

1. Expand our client base beyond our initial client by targeting operators to join our network over the next 5-10 years, diversifying revenue streams.
2. Transition from licensing individual casino platforms to operating a unified gaming network, connecting over 100,000 players across operators by 2033, enhancing player engagement and liquidity.
3. Continuously refine our software technology with annual updates to stay ahead of industry standards, ensuring we maintain our competitive edge in fairness and scalability.
4. Adapt to regulatory changes with proactive compliance strategies to ensure ongoing compliance in 10+ regulated markets by 2035.

This vision ensures BitSoft’s long-term growth, supporting the sustainability of our revenue share model and achieving our 0.5% market share goal by 2031, delivering lasting value for our investors.

Why Invest Now

This is your opportunity to participate in the future of transparent online casino software at a pivotal moment, as the market grows and fairness becomes a regulatory priority:

1. Proven Technology: Our platform, verified by a PhD in statistical mathematics, solves real industry problems with innovative software solutions.
2. Secured Revenue: A 10-year licensing agreement generates over $40 million annually from Poker alone, providing stable, long-term income.
3. Clear Return Structure: Transparent terms with defined return multiples of 2.5x to 5x, paid back within 18-30 months from launch.
4. Massive Market: Growing global demand for compliant, fair solutions, with a $110 billion market by 2027, expanding at 10.1% annually.
5. Experienced Development Team: Over 75 years of combined expertise in software engineering and online casino technology.

Join us on Wefunder now to capture a 0.5% share of this massive market as an early-bird investor supporting our leadership in provably fair technology, building a more transparent, fair future for online casinos.

FAQs

Are you a casino operator?

No. BitSoft is strictly a software development company. We create and license our technology to regulated casino operators but do not operate casinos ourselves. We focus exclusively on developing the technology that powers online casino platforms, reducing operational risk for investors by avoiding direct casino management.

How does the provably fair system work?

Our provably fair system uses advanced cryptography to ensure game integrity while allowing complete verification, like having a referee who shows you the rulebook after every play. Before each game, we generate a hidden server seed and a visible client seed, which players can modify. The server seed is hashed using SHAKE256, and the hash is shown to the player. These seeds determine the game outcome, which players can verify after the game by checking the revealed server seed—proving fairness without trusting the operator. For our lottery, we use a public file of player wagers to ensure transparency. Poker is an exception, where we use a specialized system to ensure fairness while keeping folded hands confidential. This technology reduces player churn by rebuilding trust, supporting our revenue share model for investors.

When will investors start receiving returns?

If revenue projections are met, BitSoft expects to begin investor repayments within 3 months of our client's commercial launch in early Q3 2026, with full repayment of all investment tiers within 18-30 months. These projections are based on our Costa Rica client’s expected revenue of over $40 million annually from Poker alone, supported by a 10-year licensing agreement that ensures reliable income for investor payouts.

What makes BitSoft different from other gaming software providers?

Our key differentiators are our provably fair technology using SHAKE-256 cryptography, our highly scalable architecture built with Erlang to handle millions of simultaneous connections, and our compliance-focused design aligned with Nevada Gaming Regulations for markets like Costa Rica. In a fragmented market with legacy providers lacking innovation and newer entrants struggling with scalability, these strengths position BitSoft as a leader, driving revenue through enhanced trust and operational efficiency to support investor returns.