Search the Community

Written by : https://twitter.com/HolyK1cks I am fairly new to the Crypto World, and I am sure my story is like many others. I was introduced through my Brother in-law, who invested 5 dollars, and turned it into 70. I had heard of people making a fortune on this kind of investment before, so I decided to learn and invest myself. I bought a slew of coins, just hoping to hit something big. Needless to say, I bought the top (2017), and sold the bottom (2018). Disgruntled and discouraged, I put this new and volatile investment into the back of my mind. A year later, Bitcoin seemed to be booming again. I began to research, this time looking for investments that had a clear path to adoption. That is when I fell in love with XRP, but only for a short moment. I had been invested for a few months before i stumbled upon what is CasinoCoin. What is CasinoCoin? CasinoCoin, a fork of XRP, is an open source, peer to peer, cryptocurrency specifically designed for the regulated and online gambling industry. They plan to revolutionize the regulated gambling industry through the best blockchain technology. As you can see, CasinoCoin benefits from the speed of XRP, while also maintaing their own ledger. The first thing that jumped out to me was when I learned the foundation is a non-profit organization and did not do an ICO (Initial Coin Offering) What I like about their approach is they aren't starting up a new industry, hoping others take notice to get adopted. John Caldwell, the Director of Advocacy said, “The only sustainable way forward for cryptocurrency in the gambling world is to work with regulators and operators from day one and focus on regulated markets. Our aim with CasinoCoin is to provide a currency, and related technical tools, designed and accessible for operators and ordinary players in the regulated gambling industry. We believe the Foundation will play an integral part in driving the coin’s future success.” They are helping existing regulated land-based and online casinos (a $600 Billion industry) become more efficient and data driven. This is lead by an amazing team of C-Level Executives with deep connections throughout the gambling world, most notably from Pokerstars, IGT, Gamesys, DraftKings, Microgaming, and most recently Cammegh Roulette and Aruze Gaming. ( https://casinocoin.org/team/) ( https://casinocoin.org/board-of-advisors/) ( https://casinocoin.org/board-of-trustees/ ) What is their product? CasinoCoin’s flagship product, the Bankroll Manager, features built-in KYC and AML capabilities, and provides onboarded users with direct access to some of the world’s top regulated gaming sites, and the opportunity to deposit, bet and withdraw in CSC. This is significant if you have ever tried to deposit and withdraw from online casinos before. Instead of taking days with large fees, it takes seconds costing only a fraction of a penny. You also only have to sign up once for all participating sites. This is possible through their partnership with Jumio, the leading company for verification purposes. It will be as easy as: log onto the site, deposit, play, withdraw, and only taking seconds instead of hours or days. There is also built in benefits for the operators and regulators as well. Operators benefit just as much as the customers with reduced fees. The next product they offer are Custom Tokens on top of the CSCL (CasinoCoinLedger). This allows other companies to utilize the tech of CasinoCoin while also keeping their own brand name and unique use. Each token will have to use CSC as a "gas", and every transaction will cost .25 CSC, but is subject to change. This is essentially like Ethereum, but with much more scalability and speed designed to handle the immense amount of transactions for the gambling world. These tokens create a vast opportunity to bring in other companies who innitally wouldn't have used the BRM or CSC as a direct currency. Two notable token partners as of today (11/1/2019) are Cammegh, the worlds finest roulette manufacturer in the world, who is utilitzing CSC tech to track every single spin of their roulette wheels for an immutable data record http://www.cammegh.com / and Egamingfund, a Freemium, Egaming, and Gambling platform all wrapped into one, who chose CSC over ETH and EOS. https://egamingfund.org / Tokens create a great opportunity for unique and specific use-cases to evolve. There are many reasons why I think this is one of the better investments you could make in blockchain. The tech is the best, the team and connections they have is the best in the industry (by far), and the CasinoCoin Foundation has taken a "No hype" approach. They will not share news or give updates until the partners have a signed contract. They are focusing on product and utility first, which is why I am all in with this project. They aren't worried about speculation, pump and dumps, or anything in the market to fatten their wallets. Most of the team have been essentially working for free for the better part of 2 years. That is dedication. They are solely focused on bringing a revolutionary product to a huge market. Honestly, it has been really refreshing in this strange Cryptoverse we have all come to know. They handle themselves like an actual business. This is why I firmly believe CSC, and the Foundation, will change the gambling world forever. This is a brief overview, as I was just hoping to write a small summary. There were some aspects I overlooked, so if you're interested, you can keep digging. You can find all of this information, and more, at their official website: https://casinocoin.org/ Or through their Presentation: https://casinocoin.org/doc/CasinoCoin_Presentation_en.pdf

To the community : https://casinocoin.org/yearly-recap-2019/

What is CasinCoin (CSC)? Taken from CSC’s official website (CasinoCoin.org) , CasinoCoin is: “An open source, peer-to-peer, cryptocurrency specifically designed for the regulated online gambling industry.” CSC are in partnership with the Isle of Man government and have offices in both Malta and the Isle of Man. What are the problems facing the regulated gambling industry. For the operator –compliance with regulatory headaches/legislation such as Know Your Customer and the Anti Money Laundering regulations. For example, William Hill – one of the UK’s largest licenced operators were fined £6.2m in February 2018, by the Gambling Commission for lax controls. In June 2018, 32 Red, a licensed British operator, were fined £2m for failing to protect a problem gambler. Secondly, for the player - slow transactions typical of the modern day banking world. Players moving fiat from bank account to operator and than back to bank account and onto another operator can take several days. Finally, both the operator and player can face lengthy delay whilst ID checks are made and documents verified How does CSC solve these problems? The centerpiece of CSC’s solution is the BRM – the Bank Roll Manager . This is an App that has will allow the users to seamlessly transfer CSC between the operator, the player’s wallet and onto another operator in seconds whilst also allowing completion of the KYC checks. CSC have partnered with Jumio, who are responsible for verifying the ID for Coinbase users. Players take a photo of their ID, upload it to the BRM. Jumio then verify the ID, and the player is all set to play at ANY of the operators registered in the BRM, with NO FURTHER SEPARATE ID CHECKS and re-verification. This is a massive win for the operator as they have now effectively outsourced a key element of their regulatory compliance requirements. So…no more fines. Using a modified code of Ripple, millions of CSC can be transacted in under 3 seconds. So…no more waiting on bank clearing timescales with a transaction cost of less than a penny. What about the team behind CSC? Who are they? This for me is where CSC really shines. The guy at the top is John Cadwell – Director of Advocacy, whose previous position include Editor in Chief for Pokernews.com and had a senior marketing role for Poker Stars. Ashish Tawakley – Chief Commerical Officer – ex Betfair ( who are in partnership with Paddy Power, a leading UK licensed operator.) Duncan Cameron - Technical Director - Duncan managed the building and launch of the PokerStars Mobile App – PS Mobile – which was responsible for the company receiving eGaming Review’s ‘Mobile Operator of the Year’ award. The advisory board reads like a who’s who of the gambling industry, with names such as: Lydia Barbera – “Head of Innovation” at Microgaming. based in the Isle of Man. Lydia was recently voted one of the ten most influential women in the online gaming industry. Microgaming developed the world’s first true online casino software in 1994 and the first mobile casino software in 2004. Microgaming is also the supplier of more than 700 world leading gaming brands such as Bet365, LeoVegas, 188 bet and Casumo. Draftkings Jeffrey Haas – Chief International Officer for Draft Kings, who are a billion dollar company. Kindred Group Britt Boeskov - Kindred Group have 1.5 million players in the gamining/gambling industry. Gamesys Lee Fenton – CEO. Gamesys have over 25 million players, 1000 employees, with some of the brands being Jackpot Joy, Virgin Games and Virgin Casino So, what about landbased Casinos? CSC were approached earlier this year by a Casino supplier to the Las Vegas Casinos. John Cadwell, of the CasinoCoin foundation was in Vegas recently in discussions surrounding this. Examples of CSC use in landbased Casinos could be as follows: Administration system for all bets CSC could integrate with the scan devices on slots Poker chips with CSC integrated How will the player go about converting their fiat into CSC? This is all done within the BRM. The player buys CSC from the operator who has their own supply of CSC bought from an exchange. So, a player will always deposit in CSC, gamble in CSC, win in CSC and withdraw in CSC. Would the volatility of the price of CSC be an issue? "There is no conversion happening on the operator platform. They could do that, it just wouldn’t make much sense. Some Casinos already using some tokenized system. Meaning you deposit 100USD, you get 100 tokens and a spin costs you x tokens or you place tokens on a table. At the end of the day, it doesn’t matter which currency you gamble in. It only comes to play when cashing in and cashing out. The operator needs to have a bankroll in CSC. Otherwise, they wouldn’t be able to cash you out. Taking the risk of not having it and buying it on the market if you need it would be a risk. It’s the same for current casinos allowing you to gamble in crypto. They need to have a bankroll. Some might not have it and you would never know till someone wins big.” (Credit to Daniel Keller from the CSC Foundation who explains this better than I ever could) Can you give me a brief history of CSC? CasinoCoin started in 2013, and was taken over in August 2017 by Double C Foundation. A coin swap was undertaken increasing the supply from 40 million to 40 billion. What exchanges is CSC listed on? Right now, STEX, Nlexch and NUEX. CSC are in discussions with major exchanges, and with Binance being just down the road in Malta, this is a distinct possibility. CSC did not do an ICO and the Foundation is a Not For Profit Organisation ( Hence do not have hundreds of thousands at their disposal necessary for a major listing fee) Negotiations are ongoing with major exchanges and an announcement is likely to come soon. Also note, that the operators will have to buy their CSC direct from the exchanges like every one else, and not direct from the Foundation. Why have I not heard of CSC before? Mainly because CSC are purely focused on developing a working product and building the relationships with operators/partners. The Foundation have a ‘zero hype” policy and will only make an announcement when they have something to announce. No marketing has yet been undertaken and the great thing is with CSC, once the marketing switch is flipped, the operators CSC have partnered up with, will also be doing their own marketing to their customer base. Where are CSC up to right now? The tech has been developed, i.e the BRM, and this is with the Maltese Gaming Authority, pending approval following the sandbox testing. (The BRM is ready for testing. The operator has submitted the application. Just waiting on the MGA.) For the sandbox testing, CSC have partnered with an as yet unnamed operator. Additionally, it is worthy of note that the sandbox testing was most likely delayed due to Malta progressing with legislation written specifically for Crypto. The Malta Digital Innovation Authority, should oversee all crypto related items for the government. CSC wallets are available for download for Windows, OSX and Linux. The CSC team are also currently working on nano ledger integration. What’s the global market size of the gambling industry? Total gambling industry revenues are predicted to be 635 Billion USD in 2022. Total gaming industry revenue is predicted to be 128 billion USD in 2020 CSC in a nutshell CSC is a payment solution for the online (and potentially landbased) gambling industry powered by a modified version of the Ripple code. CSC are in partnership with an as yet unnamed operator. Price will be driven primarily by use and utility with speculation being secondary. CasinoCoin has a working product ready for release. CSC have close connections with the gambling industry with ex high ranking individuals from Poker Stars. CasinoCoin has a billionaire behind it. Douglas Barrowman : https://www.knoxprivateoffice.com / Everything the CSC team does is about the adoption of the CasinoCoin. I hope someone finds the potential of this project as exciting as I do. Thanks for reading if you made it this far… Source : https://thebitcoin.pub/t/csc-xrp-fork-the-future-of-gambling-powered-by-modified-ripple-code/45422

https://CSC.GoodGaming.com < New CasinoCoin BRM Coming Soon! WHAT TO EXPECT – Instant deposits and withdrawals – Ultra-low fees – Secure storage of coins – Isle-of-Man-licensed casino – All deposits, wagers and withdrawals in CasinoCoin – CasinoCoin’s proprietary Bankroll Manager allows users to play at any casino that accepts CasinoCoin with a single registration and KYC check

https://coil.com/p/XRP_Productions/SCANDAL-Evidence-Suggests-CasinoCoin-Has-Links-to-Gambling-/uaYpIiZbt

Source: https://europeangaming.eu/portal/press-releases/2019/11/27/59555/casinocoin-strikes-omnia-casino-token-deal/

Source : https://www.ktnv.com/news/inside-the-global-gaming-expo-in-las-vegas

What are CRNs? Community Relay Nodes (CRN) help to spread the global span of the network and to handle the load of transactions. As a community incentive, everyone who owns 1,000,000 CSC can setup a CRN and will receive rewards by offering this service to the community at large. https://casinocoin.org/crn-application-centre/

What are CRNs? Community Relay Nodes (CRN) help to spread the global span of the network and to handle the load of transactions. As a community incentive, everyone who owns 1,000,000 CSC can setup a CRN and will receive rewards by offering this service to the community at large. https://casinocoin.org/crn-application-centre/

Summary for stuff out there concerning CSC Long term investing Exchanges to buy CSC New token CAM added (Cammegh) Do your own research!

https://aruzegaming.com/ CasinoCoin Twitter : https://twitter.com/CasinoCoin Read the full story: https://casinocoin.org/aruze-gamings-brandon-knowles-joins-as-casinocoin-advisor/

Source : https://www.cryptogamblingnews.com/casinocoin-use-case-loyalty/

Presentation : https://casinocoin.org/doc/CasinoCoin_Presentation_en.pdf

https://wisecryptos.com/cryptocurrency-casinos/is-casinocoin-the-future-for-crypto-gambling/

Source : https://www.cryptogamblingnews.com/casinocoin-game-fund-gold

https://www.cryptogamblingnews.com/casinocoin-right-blockchain/