You can easily create an account via a gift card and exchange for CasinoCoin (CSC) when supported. FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation. We are expected to see a Top 15 exchange and 10 Casino listings here soon according to an article by JC Collins, which can be found here Source. We should know more about this on July 6th, 2021 as the team is expected to announce these listings shortly. At the time of writing, CSC can be obtained in a few ways, they are in the midst of rapid expansion and so this article will likely need updates rather soon and frequently. CSC has also recently become a Flare Finance Asset which allows smart contract capabilities to the CasinoCoin token.
- 3- Management Platform operators This is similar to handling an additional currency, with the added value of removing the verification cost for a new player.
- It was the first exchange to list the new CSC Token on the XRP Ledger and offers staking rewards and trade capability for CSCXRPL.
- We should know more about this on July 6th, 2021 as the team is expected to announce these listings shortly.
- As other tokens are built on the XRP Ledger, we will likely see other swap capabilities to different tokens over time.
- 2- CasinoCoin is built on a modified version of “Ripple” which gives it a competitive advantage among all other similar coins that lack governance and traceability required to make it a fiat-liquid asset.
The team behind CasinoCoin seems to be very critical about not over-hyping CSC price before satisfying regulators and provide a safe and trustable environment for regulated operators. In addition, these coins were often subject to “pumps and dumps” that were either controlled by the developers themselves or some anonymous pumping groups. Many altcoins with a great potential product and a good roadmap lost public trust because they were overpriced way before their product was ready due to the above stated reasons. 4- Casino operators By partnering with CasinoCoin, operators open themselves to a new untapped market of players. If the management platform is already integrated with CasinoCoin, then being added as a partner in the Bank Roll Manager would simply be signing an agreement and flipping a switch.
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To see more analysis and outlook, please check the Casinocoin price prediction page. That is, CasinoCoin would have to have at least 1 online gaming operator adopting the CSC .Allow me to analyze things a little further, and explain why this could already be happening . Some of the upcoming wallet updates will include the BRM (BankRoll Manager) and other regulatory compliance functions. 3- Management Platform operators This is similar to handling an additional currency, with the added value of removing the verification cost for a new player. Additionally, the ability to transfer directly into the system without using a payment processor could open up the capability to reduce processing costs. 1- Payment Processors will be gaining a new way to create transaction fees.
- The team behind the project have built up years of experience in the regulated gambling sector.
- I had heard of people making a fortune on this kind of investment before, so I decided to learn and invest myself.
- At this moment, we can’t calculate the market cap as we don’t have the best approximation of the circulating supply.
- The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned).
- According to an official statement shared by the Casino Coin (CSC) team, the future of the project is up in the air.
Casinocoin Price Chart US Dollar (CSC/USD)
The migration will be organized off-exchange with the assistance of XRPL Labs. Reward amounts will be determined based on the type and relevance of the information provided. With instantaneous transaction speeds, low costs, and security measures in place…CSC is primed to build around this niche market in ways not seen before, which is why I believe a 20% capture of the market is rather low. With most of the world recovering from the shutdowns related to Covid, the Online Gambling industry has been flourishing as a result, having a compound annual growth rate (CAGR) expected to be at 11.5% Source. Daniel has been a leader in this project handling many difficult conversations pre-swap and steering the project to what it has become now with the help of his team. Bitrue is an XRP focused exchange and a long-time partner of CasinoCoin.
The original developer dropped the project and gave it to Eminence LTD, which currently owns it. DR (Domain Rating) metric is a sign of the project’s website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic – is a metric of how many monthly users visit the project’s website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype. These are the project’s quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project. These are the project’s quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
CasinoCoin is also working on implementing “Bankroll Manager — Integrating Responsible Gaming Limits”, “KYC — Know Your Customer ”, and “AML — Anti-Money laundering” tools into its already available wallet. This is crucially important for CSC to fulfill global regulatory requirements and achieve its long term objective of being a fiat-liquid digital asset (Another reason why they are expanding to Malta — Part 10). This is the reason why 90% of altcoins are already priced-in and by the time a final working product is presented there will be no significant value to be captured.
Can you invest in casinos?
Yes. Like any other industry, you can invest in the gambling industry.
CSC Price Chart
Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. Before starting the Lobby signup, please ensure you have a valid document (ID), as every user must go through a KYC (Know Your Customer) during the process. The KYC part will be skipped if you already have a KYC account (for example, from the coin swap). Following CasinoCoin’s community groups on social medial platforms, it is evident that most of the current marketing efforts are community driven. 2- CasinoCoin is built on a modified version of “Ripple” which gives it a competitive advantage among all other similar coins that lack governance and traceability required to make it a fiat-liquid asset. For a project driven by the need to comply with regulatory requirements, there was no better alternative to Ripple for CasinoCoin to build its modified code based on.
Can casinos give you cash?
If the casino winnings are $25,000 or less, casinos usually limit payout options to cash or a check. If the winnings are larger than $25,000, you can typically choose between a lump sum or a stream of annuity payments. Your payout options may change depending on the casino's location and gambling game.
CasinoCoin is a blockchain-based digital asset platform that has been created to cater to the growing gaming industry. The team behind the project have built up years of experience in the regulated gambling sector. As such, the CasinoCoin product combines crypto technology and e-gaming with the aim of opening up the market to the new players that are shifting to online gaming, as well as those interested in blockchain technology. It also aims to provide gaming operators and regulators themselves with improved services to attract new gamers. CasinoCoin (CSC) is a digital currency, developed specifically for the regulated gaming industry. The CasinoCoin project is led by a team dedicated and experienced in working within the regulated gambling sector and crypto e-gaming sectors.
However, “multiple parties” agreed to continue product development with a number of reconsidered elements. These are the project’s quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project. These are the project’s quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project. Additionally, a core part of the CasinoCoin ethos is centred around compliance and consumer protection. As such, the platform has built-in regulatory mechanisms and ensures fair and honest gaming. I am fairly new to the Crypto World, and I am sure my story is like many others.
It would also give an opening for integrating other cryptocurrencies into their platforms. 3- CasinoCoin has partnered with “Jumio” — a highly reputable identity verification provider. A competitive edge that will make regulatory compliance an easily achieved milestone. The first listings of CasinoCoin native asset (CSC) “on the top 15 exchanges” are expected to follow in June 2021. Namely, CasinoCoin Ledger (CSCL), a purpose-made XRPL fork, will be replaced by XRPL, as a platform for project operations.
Users can take part in poker, slots, sports betting and more, all directly via the xApp. 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.
XUMM on-chain wallet for XRP is chosen as a “go-to” wallet for the transfer of what is casinocoin tokens within CasinoCoin’s migration. The project will also assist in confirming XRPL transactions as a validator. Previously, it had been planned to initiate a “token swap” and replace CSC token with Eminence token as the new legal body for CasinoCoin’s business is Isle of Man-registered Eminence Ltd. Then, the team decided to start full-stack migration to the initial XRPL blockchain. According to an official statement shared by the Casino Coin (CSC) team, the future of the project is up in the air.
What can you do with casino tokens?
The tokens are interchangeable with money at the casino. As they are not legal tender, they generally have no value outside of the casino, but certain businesses (such as taxis or waiters—especially for tips) in gambling towns may honor them informally.