CSC – XRP Fork - The future of gambling powered by (modified) Ripple code


#5

seeming as its not mineable, who has the bulk of the tokens now?


#6

8% of the total coins are held by the Foundation

The rest are held by private wallets. Some of those wallets are foundation members but those are personal coins, not the Foundation.


#7

#8

Ripple’s XRP vs Casinocoin’s CSC… which of these winners will have higher ROI


#9

#10

https://casinocoin.org/consensus-the-core-of-blockchain-technology/

Latest blog update from CSC


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#13

CasinoCoin - Why I went (mostly) all in [OPINION]

Credit to TheKeiron from the CSC Discord chat who posted this on Reddit and is an excellent piece so posting here to spread the word in a project i am hugely bullish on.

I first heard about CasinoCoin through a guy I work with back in January, who got wind of the rebranding/coin swap happening. He told me he bought over a million coins which piqued my interest as I figured he must have a lot of faith in this coin! I was following reddits cryptocurrency subreddit closely and there was never any mention of it (at the time I was following all the big news altcoins like TRX, REQ, IOTA etc) so I asked him to send me some links around it so I could do more research. After reading some articles and googling around for information I was more than comfortable to make CSC my main investment as it really is getting in on the ground floor on something truly amazing. I know a lot of people hype about various coins but here’s the facts that drove me to go mostly all in on CSC:

  1. Huge wealth of experience on the board of trustees/advisors
    If you take a look at the board of trustees and the board of advisors you will see there are many people who held or still hold high positions in hugely successful companies in the gambling world. John Caldwell (Director of Advocacy) is a veteran of the online gaming industry who was instrumental to the success of PokerStars.com , Ashish Tawakley (CCO) worked at Betfair for almost 8 years, and on the board of advisors there are people like Lydia Barbara, Head of innovation strategy at Microgaming, the largest software gaming company in the world, and Lee Fenton, CEO of Gamesys. In short, there is an absolute goldmine of experience in the gambling world at the helm of CasinoCoin. Which leads me to my next point…

  2. Huge connections on the board of trustees/advisors
    Along with experience comes connections, especially seeing as the board members hold very high positions in their fields. I’ve already mentioned a small fraction of the huge companies involved with CasinoCoin, and with this network they are at a huge advantage of getting adoption of CasinoCoin quickly, widespread and with big name casinos/operators.

  3. Regulation at the forefront
    CasinoCoin is, by their description, “a digital currency, like Bitcoin, or Ethereum, that is designed specifically for the regulated online gaming industry”. Their features and tools have been customised to meet the needs of users, operators and regulators. Back at the ICE 2018 expo in the Isle of Man, CasinoCoin was a featured partner of the Isle of Man Government and now CasinoCoin is running in the Malta Gaming Authority sandbox with an undisclosed live operator and processor on the live CSC blockchain with real gamblers. The fact that they are doing things “by-the-book” is a great comfort in the crytpo world where a lot of companies are getting into trouble because of government regulations etc. They also did not hold an ICO, which means they won’t face what other companies are facing due to recent regulations on holding ICO’s.

  4. Genuinely good use case
    The use case is well explained in their video from their website. CasinoCoin’s codebase is forked from Ripple, with tweaks geared towards the regulated gambling industry (meaning it is its own coin/blockchain). The codebase and setup mean the transactions take only seconds to complete, and the fees are tiny (0.01 CSC). But CasinoCoins killer product is the Bankroll Manager (BRM). At present, each casino platform has a know-your-customer (KYC) onboarding process of submitting official documentation etc to prove who you are as a person, they also need to deal with anti money laundering (AML) and provide responsible gaming options. As gamblers, having to go through the KYC process alone for each platform you visit is a headache, and the process of cashing out can take days. The BRM will solve all of these issues. The CSC foundation has partnered with Jumio (a KYC service provider) to provide KYC as a built-in feature of the BRM. So gamblers will go through the KYC process only once and the BRM then shares that information with each Operator as the gambler interacts with them. The BRM also has AML measures rolled in with all transactions written to the blockchain, and features responsible gaming options. Sending CSC to/from the casinos will take seconds instead of days, and gamblers will be able to buy CSC with fiat and sell back to fiat (i.e. cash out) through the BRM. Which leads me to my next point…

  5. The volume/price of CasinoCoin will be mostly driven by gamblers/platforms rather than traders
    At present, the prices and volume of most coins on the market are driven by traders buying/selling them on exchanges. When the BRM is released, while CSC will still be tradeable, gamblers will use the BRM to buy CSC which they will send to the platforms to play, and the platforms will buy large quantities of CSC to have on their platforms for prizes etc for gamblers to win. The means that the price and volume of CSC will be mostly driven by both gamblers and platforms rather than traders buying/selling it.

  6. Team with more focus on the product rather than hype
    The entire team at the CasinoCoin foundation have been putting most their effort into creating their product and getting the ball rolling on partners for the BRM rather than creating hype and speculation about possibilities to drive the price up. Community Relay Nodes (CRNs) are being actively developed to help add some decentralization to the network. Plus, their BRM is due to be tested in the MGA sandbox along with a “yet-to-be-named” operator and processor who have officially submitted their intent to partner with CasinoCoin when the test concludes. This means they already have a real-world use in the pipeline, it is only a matter of time when it is all officially announced and released, and at that point the foundation will shift into full promotion mode with a fully working product with a real-world partner, which is when CasinoCoin will rocket.

  7. Incredibly cheap to buy right now
    Right now, we are effectively on the floor. I bought in January when it was at 5 sats and it’s had a few waves over the months but its back way down to 6/7 sats (if you’re lucky maybe a 5 sat!) and what’s more BTC is way down so you can get more BTC for your buck these days, so even for a token $10 can get you about 0.0016 BTC, and at a 5 sat buy that’s 32000 CSC! I have been filling my bags with spare cash over the months and it really does add up. I don’t expect these prices to stay this low forever as the main reasons it is low is due to being off many peoples radars due to a lack of promotion, and the exchanges being generally unknown and thus low volume. The foundation is actively working on higher volume exchange listings as part of their BRM so I’ve taken it as an opportunity to get in before things really take off.

  8. No other gambling related coin is doing what CasinoCoin is doing
    I’ve looked around and to be honest I haven’t found any other gambling related coin doing what CasinoCoin is doing. For one thing, most other coins like Funfair, Edgeless, Decent.bet etc are in fact entire casino platforms with their own games etc running on the blockchain, which itself is a good idea but they all have their own tokens on their own platforms. CasinoCoin isn’t a platform, its simply a payment solution that can be slotted into existing platforms (in fact it can even be used on the other crypto platforms casinos!) which is why it has a major advantage over the others. It is keeping things simple and solving real-world problems with existing gambling sites, it won’t be reinventing or taking over existing casinos, it will be enhancing them.
    In summary, all these points combine to make a really compelling argument in favour of CasinoCoin. It has a bright future ahead of itself, with a great product, a real-world use and all the right connections to make it go far.
    TL;DR: I guess just read the numbered title points for that :stuck_out_tongue:

Credit to TheKeiron from the CSC Discord chat who posted this on Reddit and is an excellent piece so posting here to spread the word in a project i am hugely bullish on.


#14

Great article here on the pressure building around CSC

https://50centcscblog.wordpress.com


#15

Digging into price expectations…

https://50centcscblog.wordpress.com


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#22

Article on the upcoming "sandbox’ in Malta where CSC is being tested

https://www.ccmalta.com/news/malta-and-cryptocurrency?feed=e933e1af-41f6-426c-8d3e-a8b1eff439c8&lang=it-CH


#23

#24

https://casinocoin.org/q3-summary-and-a-look-forward-to-the-rest-of-q4-and-beyond/


#25

I keep posting but no-one is commenting.

This has so much potential and is so cheap right now it is unreal.

If just one other person buys in off this thread, and sees the gains, I will consider it job done.