Introduction
Casino Coin (CSC) is a utility token built on the XRP Ledger (Further referred to as XRPL). The purpose of CasinoCoin is to connect Users to Casinos in the E-Gaming industry with the benefits of XRPL.
The benefits of pairing CSC on the XRPL work in a mutualistic way for both Users and Operators, allowing ample growth opportunity for CasinoCoin to be the bridge between the E-Gambling industry and blockchain, an investor's Hidden Gem of opportunity.
The Market Share of Online Gambling is expected to reach 92.9 billion U.S. dollars in 2023 Source. If CSC can capture 20% of this market by 2023 that would put the Market Cap for CasinoCoin at $18,580,000,000, respectively putting the price of one CasinoCoin at $0.47. The current price is a steal, sitting at just under half a penny or $.0047 for visual sake. This is all factored at the current Circulating Supply of 39 Billion.
Benefits include:
- Facilitating up to 1,500 peer-to-peer transfers per second
- A readied pool of players that have undergone Know-Your-Client (KYC) Verification
- Instant transaction speeds and increased security
- Low transaction costs
- Built with regulatory compliance in mind for scalability and partnership potential
- Anti-Money Laundering features built into the native wallet
This can further be summarized in this image:
CasinoCoin has recently undergone a token swap, from the previous token (CSC) to the current token of (CSCXRPL). Although the community continues to reference the token as $CSC on Twitter, as will I in this article for clarity's sake.
The community for CasinoCoin has been an emerging one, rapidly growing after their transition to the new token with accounts growing upwards of 12,400 holders. The official community name is #CSCNation on social media.
CSC has also recently become a Flare Finance Asset which allows smart contract capabilities to the CasinoCoin token. Smart Contracts are a transaction protocol that can be built into the code of CSC which is intended to automatically execute, control or document legally relevant events in the environment.
Philosophy
CasinoCoin is founded on an ethos of compliance and consumer protection first and is developing a gaming environment worthy of the world’s top regulated gaming jurisdictions.
Data
All Data Is At Time Of Writing
Max Supply: 65,000,000,000 CSC
Total Supply: 65,000,000,000 CSC
Circulating Supply: 39,000,000,000 CSC
Website
White Paper
CasinoCoin Info Site
CoinMarketCap
Eminence LTD
How To Obtain Casino Coin
At the time of writing, CSC can be obtained in a few ways, they are in the midst of rapid expansion and so this article will likely need updates rather soon and frequently.
XUMM Wallet
XUMM is one of the premier non-custodial clients (wallets) for the XRP Ledger. With a host of advanced features, XUMM is a platform that allows developers such as CasinoCoin to create custom hooks and applications (xApps).
This wallet requires you to send XRP to it in order to swap over to CSC, it is also where the swap was conducted from the native CSC token to CSCXRPL.
Once XRP is on the wallet, merely press the add button and you will see exchanges and tokens you can bring to the wallet. CasinoCoin should be on the left under exchanges. This will require you to add the CasinoCoin Trustline and likely KYC.
Once that is complete, you can tap the CasinoCoin button under "Other Tokens" and you will see an "Exchange" button. You will then be taken to a screen to swap XRP to CSC.
As other tokens are built on the XRP Ledger, we will likely see other swap capabilities to different tokens over time.
Bitrue
Bitrue is an XRP focused exchange and a long-time partner of CasinoCoin. It was the first exchange to list the new CSC Token on the XRP Ledger and offers staking rewards and trade capability for CSCXRPL. Staking is currently 4% without locking up, 6% for 30-day lock-up.
The Blockchain
XRPL
The XRP Ledger is a decentralized public blockchain that allows peer-to-peer transactions across the ledger and near-instantaneous speeds with high security and low transaction costs. Digital assets can be created on this blockchain that immediately implements the features listed above into the token at a baseline, while still allowing scalability and improvement features of the digital asset being used.
The native asset of XRPL is XRP, the car that moves value along the highway of XRPL.
Exchange and Casino Listings
We are expected to see a Top 15 exchange and 10 Casino listings here soon according to an article by JC Collins, which can be found here Source. We should know more about this on July 6th, 2021 as the team is expected to announce these listings shortly.
This section of the article will be updated accordingly then to reflect exchanges and casino listings
The Team
Daniel_wwf / Chief Technical Officer
Twitter
CTO at Eminence Ltd & FUD Limited. Daniel has been a leader in this project handling many difficult conversations pre-swap and steering the project to what it has become now with the help of his team.
Matthew Cheetham / Chief Operations Officer
Jack / Self Proclaimed Marketing General
Twitter
Jack has been a community leader for some time, managing discussions on Twitter and promoting Community engagement.
Conclusion
Personal thoughts here are speculative and NFA Casino Coin has undergone huge trials, I believe in the power of rebranding and have seen personally what the project has accomplished under the new leadership team. They have been over communicative from pre-swap to post-swap and never failed to help those who had trouble, that being said the process was brilliantly done to where people of all ages and technical savviness were able to easily swap successfully.
I believe in the power of blockchain, we live in a world surrounded by outdated technology, we have code that can move the value of money in seconds across the globe. The XRPL was built for just that, and by moving to the ledger, CasinoCoin has catapulted itself forward with a serious competitive advantage against other tokens in the niche of E-Gambling.
With instantaneous transaction speeds, low costs, and security measures in place...CSC is primed to build around this niche market in ways not seen before, which is why I believe a 20% capture of the market is rather low. With most of the world recovering from the shutdowns related to Covid, the Online Gambling industry has been flourishing as a result, having a compound annual growth rate (CAGR) expected to be at 11.5% Source.
As of right now, we are lead to believe that CSC will only be tailored to the online industry, but the idea of walking into a physical location and immediately sitting down at a table is not a farfetched one. With most casinos doubling their efforts of preventative measures, we are seeing images like this pop up more and more.
One day I would like to sit down and utilize CSCXRPL to immediately begin playing, where instead of having a player card and chips to lug around, I have a mobile wallet that belongs to me, that I can use at anytime online or physically. Cashing out would be instantaneous and there wouldn't be a need to exchange chips that hundreds of others have had their hands on for me to obtain physical cash, something else people have touched all over.
My overall sentiment is bullish on this project, I am a long-term advocate and holder of CasinoCoin, as I see this being a utility project that will push mass adoption. If we can see mainstream casinos integrating CSC into their operations, CSC will have both the E-Gambling industry ($93B by 2023) and Global Gambling industry to tap into, currently at $516.03 billion Source.
What are your thoughts on CasinoCoin and where do you want to see this project in the future?
#CSCNation #GetCasinoCoin
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