RAcoin: THE CRYPTOCURRENCY OF TRADITIONAL GAMBLING.

INTRODUCTION
Gambling has been practiced before written history in different forms and has evolved to the various forms we have today. As far as you can play a game then you can most likely gamble on the outcome, you even don't need to play the game as you can also bet on those playing the game.

There exist traditional gambling games and none traditional gambling games. Examples of traditional gambling games include but are not restricted to casino games (Blackjack, Craps, Roulette, Slot Machines, Video Poker), Sports Betting. While examples of none traditional gambling games include Boards games, bar games, etc.

For the purpose of this article, I would focus on the traditional gambling Games. Betting is a major contributor to the economy of nations where it's dominant as can be see in it's revenue running into billions of dollars each year. Casino games and sports betting have enriched a lot of people and still keeps doing that while advancing in different forms from playing rules/techniques to methods of financing. Over time the gambling industry keeps adapting to the changes that are required and necessary to move the industry to the next level. But still on still the gambling industry is still lacking in some areas, no doubt there are doing the best they can.

Due to the advancement of the industry especially the innovation of the online betting platform, they have been both security and privacy concerns raised. These issues concerns have been critically analyzed and a solution has been created, not only to solve these issues but also to create a more transparent gambling industry and a fair gaming experience to all.

THE BLOCKCHAIN AND GAMBLING COMBINATION
RA Entertainment is the group behind this and aims to make it happen by introducing blockchain technology into the gambling industry. Blockchain technology provides everything needed to establish today’s increased level of security and fair gaming across the industry. They first plan to create a unifed functional cryptocurrency that would be accessible by all which Is RAcoin – the utility cryptocurrency powered by Ethereum smart contracts that can fully meet all the needs of both online and offline gambling. Besides, RAcoin can be accepted as regular payment in real word, and they believe the starting point to change the user experience for the better is New World.

According to RA Entertainment Inc, New World would be a luxurious resort complex located on a subtropical island in Southeast region. Secluded beaches, mind-blowing scuba diving, exciting yachting, delicious regional cuisine, private plane rentals and more await the guests. The commissioning of the grand construction works is scheduled for late 2018 or early 2019 to be built by RA Entertainment Inc.’s parent company.

ABOUT RAcoin
RAcoin will be launched as an alternative and extremely pro table method of payment for all goods and services at New World in 9 months time. But before the that, RAcoin would be integrated into a number of top European gambling and betting services that have already confirmed an agreement to collaborate and utilize the token. RAcoin would certainly be more convenient to use due to its low withdrawal fees, much lower than that for fiat.

Another great privilege and opportunity of RAcoin is a jackpot participation. RA Entertainment Inc. believes that gamification techniques will motivate people to learn more about blockchain and crypto economy. Each token holder that uses RAcoin for online or online purchasing of services and goods in New World Hotel and Casino can participate in the “operating” jackpot powered by smart contracts. This jackpot will be played out each time the special standalone account accumulates 100,000 RAC. Along with the iterative “operating” jackpot there will be a one-time “crowdsale” jackpot exclusively designed for token purchasers, which will be launched at the end of the main token sale.

RA wallet and RA exchange are two important accompanying products that will definitely attract many users. Both of them are scheduled to be launched pretty soon and comes with plenty of exiting features. Details of its features and more can be seen in the white paper.

TOKEN DETAILS
RAcoin (RAC) is an ERC20 token and it's to be used for online betting, gambling payments and also in the New World as a mode of payments.
Token Price: 1 ETH = 100,000 RAC
Minimum investment: 0.1 ETH
Soft Cap: 2,000,000,000 RAC
Hard Cap: 8,000,000,000 RAC
Total Supply: 20,000,000,000 RAC
Token distribution and use of the funds from the token sale can be seen below.