The Traditional gambling industry has grown in influence in the late 90s to a multi-billion dollars industry. The millennials have equally seen a gem in it because of its potential to enrich individuals while catching fun doing it and has grossly adopted it. However, there's a need for blockchain desired inclusive system with transparent, decentralized, peer-to-peer network features to facilitate global ease and access to the gambling industry.
The world has become a global village and with the blockchain technology, there is indeed need for unification of the gambling industry from Las Vegas to Kiev and to Capetown. Unification calls for transparency, security and obscurity which RAcoin aims to provide, while operating within the confines of the law. This unification will be done by RAcoin as it solves all the problems faced by the sector in the past few decades.
ABOUT RACOIN
RAcoin is a blockchain based project developed by RA Entertainment Inc to solve the major problem faced by the gambling industry which is Transparency. It will be used to facilitate ease of payment for both online and offline gambling games. The blockchain technology provides it with smart contracts to enable execution of deals, agreement and payments agreed within the system without a third party while it's distributed openly on the public ledger to easily track and confirm transactions. The gambling industry is a fast ecosystem where millions of dollars is exchanged for value in seconds and such requires obscurity and security. The RAcoin is developed with distinct cryptographic architecture embedded in the blockchain to provide additional layer of security. This feature has made RAcoin gain prominence as its fast adopted some online European gambling platforms who have already integrative RAcoin into their system for transactional purposes.
Recently, RAcoin concluded an agreement with a European gambling company that operates two online platforms which contains similar gaming sets – sports betting, life betting, a casino, and a life casino. The sites have existed for some time now and have a wide audience. The services will be available for RAcoin holders right after the blockchain technology is integrated into the system. After the token sale launches, it might take up to three months to upgrade the websites and the apps including User Interface modifications. RAcoin holders will be able to utilize tokens both in cyberspace and at offline locations to take full advantage of the token economy once the integration has been completed. This means that all discounts and loyalty programs provided for both online casino/betting services and the New World complex will be available for all token holders. In a bid to expand its horizon, RAcoin is continually seeking for opportunities to take on new partnerships to make the global gambling community even more cohesive and accessible.
WHY USE RACOIN
It's important to enumerate the several importance of the RAcoin to the gambling industry and how it's brings total revolution to the sector.
Apart from serving as an online exchange currency because of its cryptographic architecture, it can be used in other multiple ways like;
It can be used as a general payment unit in casinos, hotels and online gambling platforms within the RA Entertainment Inc ecosystem.
The jackpot lottery organized by RA Entertainment Inc is for RAcoin token holders to encourage blockchain and crypto economy
Online gambling platforms utilizing RAcoin for transactions will benefit from its zero cost withdrawal commission fees to eliminate the access hitches involved in traditional gambling.
Investors are not also left out because through the loyalty program of the New World complex as well as other affiliate casinos and hotels that will collaborate with RA Entertainment Inc. Investors can also expect benefits which online gambling platform affiliates will provide token holders.
In conclusion, the unification will not be achieved in a day, but RAcoin has started a positive step towards it. There will be increased adoption as more gambling companies see the transparent and secure effects of RAcoin on the gambling industry.
To Learn More About RAcoin, Kindly Visit The Links Below;
Website: https://racoin.io
Whitepaper: https://racoin.io/pdf/racoin_whitepaper_eng.pdf?ver=20180523
Twitter: https://twitter.com/RAcoinNews
Facebook: https://www.facebook.com/RAcoin-1348409231971565/
Telegram Group: https://t.me/racoinnews
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3177504.new#new
Authors Bitcointalk Profile Link:https://bitcointalk.org/index.php?action=profile;u=1811995