What Is CasinoCoin (CSC)?
CasinoCoin (CSC) is a digital currency specifically designed for the regulated online gaming industry. It uses XRP Ledger to facilitate up to 1,000 peer-to-peer transfers per second with near-instant confirmation, and features built-in KYC capabilities, responsible gaming options, and proprietary anti-money laundering (AML) tracking tools. CasinoCoin was built with users, gaming operators, and regulators in mind, and aims to provide an unparalleled user experience in the online gambling space while reducing costs and time for both users and operators. The CasinoCoin Foundation provides marketing, promotion, technical innovation, governance, and educational resources to the gambling business to further knowledge of crypto in general. CasinoCoin operates as a token on the XRPL, Which means it is susceptible to governance rules from the XRP Ledger.
CasinoCoin Change In Leadership?
In November of 2020, CasinoCoin(CSC) underwent a change in leadership, with the former Technical Consultant, Daniel Keller, assuming the position of Chief Technical Officer to spearhead the business in a more focused direction. Matthew Cheetham has also been appointed as the Chief Operating Officer to support him in this endeavor.
The CasinoCoin Foundation, which was previously headquartered in Malta, has been replaced by Eminence Ltd. in the Isle of Man. Under this new rebranded identity, CSC will continue to exist as a subsidiary of Eminence Ltd.
Since the change in leadership, CasinoCoin has been able to establish fresh agreements with several parties and develop a clear strategy for future growth. Furthermore, we have secured significant additional investment funding, led by the Knox Group of Companies in the Isle of Man, which ensures that we can execute our strategy successfully.
Who Are The Founders of Eminence Ltd?
Daniel Keller, Chief Technical Officer at Eminence Ltd.
Daniel's career as a System Administrator started in 2003, working for various mid-sized firms across different industries. His pivotal role in 2015 involved steering a casino from an unregulated, grey market status to full compliance. Daniel's interest in cryptocurrency ignited in 2010 with Bitcoin, leading to his involvement with CasinoCoin in 2016 as a Technical Consultant. He took control of CasinoCoin at the end of 2020 after the previous management failed. Currently, he manages and coordinates all operations from daily business to long-term strategy, fueled by his interest in creating specialized payment solutions for the gambling sector.
Matthew Cheetham, Chief Operations Officer of Eminence Ltd.
Matthew's diverse background in the hospitality industry began in 2011, where he has held roles as a manager, owner, and licensee. His exploration into cryptocurrency commenced in 2017, driven by an interest in XRP and volatile markets. Soon after, he discovered CasinoCoin, a perfect blend of his passions for cryptocurrency and gambling. He integrated himself into the project and currently focuses on market research, partnership cultivation, and liaising with casinos.
Andre Jochems, Lead Developer of Eminence Ltd.
Andre's extensive career as a full-stack developer has spanned since 1998 with various companies. His interest in cryptocurrencies was sparked in 2012 by an article on Bitcoin, which led him to explore the field further. In 2013, Andre started mining CasinoCoin, and when the original developer departed, he began maintaining the blockchain codebase. His commitment to the project led to his appointment as lead developer, where he currently manages development, builds applications, and plans future projects.
On April 20, 2021, CasinoCoin initiated a token swap from the CSC Ledger (CSCL) to the XRP Ledger (XRPL)*. The token swap was conducted solely off-exchange in collaboration with XRPL Labs and leveraging the XUMM Wallet. The XUMM Wallet includes an integrated migration wizard that enables users to import their existing CSCL accounts and complete the swap via the app.
Casino Coin Team created 25 billion extra tokens for the purpose of raising additional funding about 2 years ago. "We will be adding 25 billion CSC to the total coin supply. This decision was not made lightly but was our only option to secure the funding and liquidity necessary to continue to work on the project." Currently no new tokens can be added to the supply of CSC as the account issuer account is black holed.
What Makes CasinoCoin Unique?
CasinoCoin is a distinctive token that has garnered considerable attention in the online casino sector due to its focus on delivering a secure, fast, and user-friendly payment platform for both players and operators. Since its inception, CasinoCoin has undergone continual development and growth, with the addition of new features such as the CasinoCoin Lobby to its suite of offerings.
The CasinoCoin Lobby xApp, developed on the XUMM platform, streamlines the signup process for numerous casinos and provides a convenient method of monitoring expenditures across multiple operators.
FLR Finance is preparing to introduce a bridge for CasinoCoin that will enable it to function as a Y-Asset on the FLR Finance platform, allowing it to be utilized in a diverse array of decentralized finance (DeFi) applications. This advancement is predicted to enhance the liquidity of CasinoCoin and expand its user base. The ability to bridge across different chains represents a significant step forward in promoting interoperability within the XRP Ledger ecosystem.
CasinoCoin is poised to transform the online gambling sector by leveraging NFTs in its Lobby. This forms part of our initiative to augment the gaming experience for our users, fostering greater engagement. With NFTs, players will have the opportunity to use them as avatars that are linked to their accounts, adding a personalized dimension that was hitherto absent. Players will also benefit from exclusive incentives from our partners, such as rakeback, complimentary spins, and privileged admission to events and discounts.
Browser Extension Porting
Expanding the range of play options available to our userbase is one of our primary objectives at CasinoCoin. We aim to achieve this by leveraging browser extension porting, a technology that operates similarly to MetaMask. This technology will empower CasinoCoin users to access the full range of Lobby features from desktop systems.
Through browser extension porting, CasinoCoin users will have the freedom to utilize the CasinoCoin Lobby from any device that supports a compatible web browser. This will significantly enrich the user experience by providing greater flexibility on desktop and comparable systems.
CasinoCoin, which was established in 2014, initially began as an open-source digital currency designed for online casino gaming, serving as a universal casino chip. It operated on a proof-of-work blockchain, featuring fast block times and a fair launch policy with no premine. In 2017, it underwent a significant transformation, switching to the Ripple XRP Ledger consensus mechanism and establishing the CasinoCoin Foundation. Subsequent years saw the introduction of various features, including KYC and AML functionality, custom tokens, and a brand overhaul. In 2021, CasinoCoin became an XRP Ledger token and expanded its presence in the gaming industry. 2022 brought partnerships, listings, and continued development of the CasinoCoin Lobby. Looking ahead to 2023, NFT integration, gift cards, and a CasinoCoin Metaverse are on the horizon, along with plans for a fiat on/off ramp in the CasinoCoin Lobby. Throughout its journey, CasinoCoin has aimed to make online gaming more accessible and secure while adapting to industry trends and regulations.
CasinoCoin Roadmap Through Time
Description in 2014: CasinoCoin was introduced as an open-source, peer-to-peer digital currency designed for online casino gaming. It aimed to serve as a universal casino chip that could be easily transferred between gaming applications, exchanges, and peers.
Technical Specifications: It operated on the scrypt proof-of-work algorithm with a 30-second block time, approximately 336 million total coins, and a fair launch policy with no premine.
In Q3 2017, CasinoCoin made a significant transition by switching from its own blockchain and proof-of-work system to Ripple's XRP Ledger consensus mechanism.
The CasinoCoin Foundation was established.
The CasinoCoin Blockchain became active, and a new desktop wallet was released.
Coin swap commenced, and a new block explorer went online.
The project continued with various updates and features, including the rebranding, Bankroll Manager back office, and the launch of a new brand and website.
KYC and AML (Know Your Customer and Anti-Money Laundering) features were tested, and community relay node testing began.
Custom Token server daemon implementation and multi-signature functionality were introduced.
Mobile and desktop versions of the Bankroll Manager featuring KYC and AML functionality were developed.
On April 20, 2021, CasinoCoin switched to become an XRP Ledger token, abandoning its own ledger.
The project continued with participation in events like SiGMA 2021 iGaming Expo in Malta, and the CasinoCoin Lobby was launched.
In Q1 2022, partnerships and integrations with companies like Eminence and CoinsPaid were announced.
CasinoCoin got listed on Bittress Global.
Various developments and additions to the CasinoCoin Lobby were made throughout 2022.
In Q1 2023, plans for NFT integration, gift cards, and the CasinoCoin Metaverse were announced.
A fiat on/off ramp for the CasinoCoin Lobby was planned for Q4 2023.
Throughout its history, CasinoCoin evolved from a digital currency for online gaming to a project integrated with the XRP Ledger, focusing on providing solutions for the regulated gaming industry and developing features like KYC, AML, and NFT integration. The project aimed to enhance the gaming experience while addressing regulatory and security concerns.
What purpose does CasinoCoin (CSC) serve?
CasinoCoin (CSC) is a digital currency designed for the regulated online gambling industry. It utilizes blockchain technology to facilitate peer-to-peer transfers with near-instant confirmation, and offers built-in KYC (Know Your Customer) capabilities, responsible gaming options, and unprecedented user experience.
For users, CasinoCoin simplifies the registration process and offers a secure and trustless online gambling experience. It also offers unprecedented speed, security, and control over their gambling habits, with transaction costs that are a fraction of typical costs today.
For operators, CasinoCoin offers a simplified user onboarding process, a new incremental revenue stream, and reduced fees associated with cross-border transactions. It also provides access to a largely untapped source of players, who have been fully vetted with clear KYC the instant they arrive.
For regulators, CasinoCoin provides the most secure and transparent funding system available today, with a near-perfect anti-money laundering (AML) environment that utilizes the latest KYC technology coupled with a new, proprietary AML tracking tool.
Overall, CasinoCoin aims to revolutionize the online gambling industry by offering a digital currency that is specifically designed for the needs of operators, users, and regulators alike.
Read more about. CasinoCoin
Learn more about CasinoCoin Ecosystem.
Visit CasinoCoin website.
How Many CSC Are There in Circulation?
There is an initial maximum supply of 64,980,752,339 CSC tokens, of which an estimated 59,190,613,609 are currently in circulation as of March 2023. Check out Casinocoin.im to learn more.
Where Can You Buy CSC?
CSC is a token trading on the XRP ledger DEX, the most straight forward way to acquire CSC tokens would be to purchase them through XRPL DEX.
If you are looking for alternative exchanges where you can purchase CSC, Bitrue is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset.
How to stay tuned for further updates?
If you wish to receive more updates about the CasinoCoin ecosystem and any upcoming updates, we suggest you follow @CasinoCoin on Twitter.