22 November 2017 (Isle of Man) – CasinoCoin ( CSC ), the open reference, peer-to-peer cryptocurrency designed specifically for the regulate on-line gambling industry, has announced it will initiate a coin barter to move to a fresh Ripple-based blockchain, bringing a host of advantages for users and operators .
There are several reasons behind the motivate to the new CasinoCoin blockchain. liquid of the coin will be increased from 40 million to 40 billion, a total coin provide more in tune with the scale of the ball-shaped iGaming diligence, which H2 Gambling Capital estimates will be worth €54 billion in arrant gain by 2020* .
additionally, the modern CasinoCoin blockchain infrastructure is more advanced, and features add functionality including faster transaction times, with capability of up to 1,000 processed per second.
The mint barter will start at noon GMT on November 25, 2017 and will be candid for 80 days. Holders of CasinoCoin will be able to initiate the mint barter within the fresh CasinoCoin wallet .
current CasinoCoin holders will receive 1,000 coins on the new blockchain for every one mint send from the previous blockchain. The work will be managed manually to ensure optimum security checks on all transactions, and the coin trade will close at noon GMT on February 14, 2018 .
The coin swap process will be executed with wide transparency. All CasinoCoin that are swapped will have their transaction IDs displayed on a web page to prove those coins were swapped during the process .
The mint ’ second Foundation, which advocates for the growth of CasinoCoin and cryptocurrency in the regulated gamble diligence, will use any proportion of coins not swapped onto the new blockchain, by noon GMT on February 14, 2018, to support continue operations, market, and development .
The newly CasinoCoin blockchain will continue with the watch CSC and retain the current CasinoCoin diagnose and brand. The original blockchain will be rebranded CasinoCoin Classic ( CCC ), with no new development or support from the Foundation after February 14, 2018 .
For broad details on how to proceed with the mint trade, please visit : hypertext transfer protocol : //casinocoin.org/coinswap/. The CasinoCoin team will besides be answering questions on Reddit and Discord.
Read more: 2009 P John Tyler Dollar
John Caldwell, Director of Advocacy for the Foundation, said : “ This coin swap will move CasinoCoin to a new blockchain that will better position us to push forward with our goal of becoming the cryptocurrency of choice for the baffle gamble industry, and is more in agate line with stream technology .
The past few months have been spent putting a modern team in home, raising awareness in the gamble industry and now transferring CasinoCoin to a modern, more robust blockchain .
“ We are convinced that CasinoCoin has the team and technology in place to have a rightfully transformative impact on the regulated gamble diligence. ”
concluding month, the non-profit Foundation of CasinoCoin announced the appointment of several senior industry professionals to its newly-established advisory board, including Lee Fenton, CEO of Gamesys, Britt Boeskov, CPO of Kindred Group and Sam Hobcraft, CEO of OPL Gaming Group
For Further information on this press release or to arrange an interview, please contact Square in the Air on [email protected] or 0044 203 586 8266
Read more: 2009 P John Tyler Dollar
CasinoCoin ( Ticker : CSC ) is a cryptocurrency that is being continually developed, specifically with the legal, regulated on-line gambling business in take care. In addition to world class accelerate and scalability, CasinoCoin developers are presently working on features that put operators and gambling customers beginning. KYC ( Know your customer ), AML ( Anti-money launder ), responsible Gambling and early regulative first considerations have been built in to CSC at the engineering level from the startle .