CasinoCoin is a peer to peer, open source cryptocurrency designed explicitly for the online gambling industry. It is a high-speed, transparent blockchain technology built with a few objectives. Its aim is to become a top cryptocurrency solution for the casino industry.
Although the company was formed much earlier in 2013, a group of professionals and developers bought it in mid-2017 and decided to give the cryptocurrency a facelift. The trading symbol of CasinoCoin is CSC and it currently trades on the alcurEX and Novaexchange exchanges. It will soon be listed on many more exchanges.
One of the first things they did was to do a coin swap and move to a new Ripple-based blockchain. Ripple is a payment processor which will enable the users to receive and send money across the globe in a secure, affordable and faster manner.
The CSC holders must swap their coins before February 14th, 2018 after which the company will stop supporting the old blockchain. The current CSC holders are being offered 1000 coins in the Ripple blockchain for one coin that they send from the old blockchain. Complete transparency is assured. Each swapped transaction is being given an ID that is displayed on a web page.
The Ripple based CasinoCoin is fast. It enables users to do about 1000 transactions simultaneously and the confirmations are done within 5 seconds.
The coin supply will increase from the current 40,000,000 coins to 40,000,000,000 coins CasinoCoin offers a variety of wallets for the convenience of the users. The Basic wallet that comes with complete blockchain and standard features that can be used on desktops. The Mobile wallet which will enable the Android and iOS users to access from anywhere and at any time. The third option is the Bankroll Manager which details about KYC, responsible gambling, regulated casino partners and gives complete transaction details.
With increased liquidity from 40 million to 40 billion, CasinoCoin coin supply will be in tune with the increasing global gambling industry which is estimated to be worth €54 billion by the year 2020. The new refurbished software comes with an inbuilt KYC, anti-money laundering technology that will enhance the security. The original blockchain will get a new name after 14th February 2018 and will be called CasinoCoin Classic (CCC). Being faster and equipped with the latest technologies, CasinoCoin will put the cryptocurrency on the right path of growth. The company does not have any plans to raise funds through an ICO.
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