Astonishing where the term gambling first originated from. Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods. Gambling dates back to the Paleolithic period, before written history. In Mesopotamia the earliest six-sided dice date to about 3000 BC. However, they were based on astragali dating back thousands of years earlier. In China, gambling houses were widespread in the first millennium BC, and betting on fighting animals was common. Lotto games and dominoes (precursors of Pai Gow) appeared in China as early as the 10th century. Playing cards appeared in the ninth century in China. Records trace gambling in Japan back at least as far as the 14th century Poker, the most popular U.S. card game associated with gambling, derives from the Persian game As-Nas, dating back to the 17th century. The first known casino, the Ridotto, started operating in 1638 in Venice, Italy. Over the course of previous years gambling as steadyly gained it ground and its still gaming according to research; market was estimated at about 465 billion U.S. dollars. Since 2001 it has more than doubled and is forecast to grow even more. Incredible achievements and prospects have provoked a huge wave of investment. Below is a chart of cross gaming in billion us dollar from 2001 till 2017
Gambling remains an highly prospective segment of the world economy. Obviously we can't depend on the traditional way of gambling thanks to the unending advancement of technology which brought about the internet. This brought up the idea of online gambling and made gambling much more better for gamblers. Like the ability to play bets where ever you are and anytime. Still they are sets backs to this innovation which needs to be corrected asap. Online Gambling can relatively be classified as a minor breakthrough for the gambling sector. Online gambling is still yet to perfected of transparency and privacy. Also online gambling isn't immune to hacking.
What do you think of a unified currency for online and offline gambling payment and also accepted as regular payment in real world. Interesting a platform that is immune to hacking attacks or falsification of data, the very platform that gives you the ultimate privacy and transparency that you ever wished for. Cool right? Today I shall be bringing to your attention as amazing set of team called the RA Entertainment Inc.
What is RA Entertainment Inc.
RA Entertainment Inc. is a high-tech company focused on extending blockchain and a creating advanced user experience in the recreation and entertainment sector. The team concentrates on developing and delivering effective and affordable solutions both for online and offline levels of interaction. The mission of the company is to implement blockchain technology as well as big data, AI and other important innovations in the country, but the New World complex is only the starting point for the revolution.
What Does RA Entertainment Offers?
RA Entertainment Inc. presents RAcoin – the utility cryptocurrencypowered 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 the starting point to change the user experience for the better is New World.
BlockChain is the ultimate solution to download o online gambling. It is a permanently-growing distributed ledger of records, called blocks, which are connected and secured via cryptography. A typical block contains a cryptographic hash of the previous block, a timestamp and information about a transaction between two parties. It is almost impossible to falsify records, as they are distributed across nodes in the peer-to-peer network. The principle of decentralization makes a blockchain inherently resistant to modification of data. This is why a blockchain is a very secure and transparent way to store records.
RAcoin as an utility token will be based on Ethereum blockchain. Following the Ethereum token standard, called ERC20, makes tokens more coherent with the purpose they were created for.
The primary mission of RAcoin is to make the blockchain technology an essential part of the traditional gambling industry and reach maximum audience to distribute RAcoin as a properly featured gambling cryptocurrency.
The RA Entertainment Inc.'s Platform
RA Entertainment Inc. is integrating RAcoin into a number of top European gambling and betting services that have already confirmed an agreement to collaborate and utilize the token. Circulating along with fiat, RAcoin will allow customers to freely choose their preferred way to pay. However, due to low fees for withdrawing money – much lower than for fiat – RAcoin will turn out to be more profitable and more convenient to use.
The over features that RA Entertainment Inc's Platform has in stock such as: Jackpot Participation with smart contract which will serve as an incentive to participants, also RA wallet and RA exchange. Find out more about the by reading the [Whitepaper] (https://racoin.io/pdf/racoin_whitepaper_eng.pdf?ver=20180523) project.
The RAcoin Token
As said earlier RAcoin, is powered by Ethereum smart contracts, is a pure utility token that meets the ERC20 standard. Token holders can use RAcoin to pay for goods or services both in the hotel of New World as well as in other hotels and casinos that will collaborate with RA Entertainment Inc. and join the RAcoin ecosystem. In addition, RAcoin can be used as an alternative form of payment for online betting and gambling platforms.
Benefits of Using RAcoin both offline and online is stated below.
Summary of the token
Ticker: RAC
Total Supply: 20 000 000 000
Platform: Ethereum
Type: Utility.
Token Sale
A brief summary on the token sale terms is given below please refer to to the official website for more details.
Below is the analysis of the budgeted allocation to both the Token Distribution and Fund spending.
The Team
RAcoin team is comprised of experts and professionals in the field of this technology: software engineering, blockchain etc. hand picked for optimum efficiency. Here is an highlight of it members check this link to read up about the team and advisors.
The Advisors
The Roadmap
A well structured and planed anticipated events for the projects.
The Partners
My Conclusion
The primary mission of RAcoin is to make the blockchain technology an essential part of the traditional gambling industry and reach maximum audience to distribute RAcoin as a properly featured gambling cryptocurrency. I believe this is the future
For more information check the following links:
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
Writer's Bitcointalk Username: PLMovs
Writer's Bitcointalk Profile link:https://bitcointalk.org/index.php?action=profile;u=2035939