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DAO.Casino to Launch Token Sale Today

· June 29, 2017 · 8:00 am

DAO.Casino, a project developing a universal blockchain-based protocol for online casinos, will be launching its token sale that seeks to raise funds for further development of its product.

The campaign, which launches at 01:00 PM GMT, will last until July 26th, 2017 or until its cap is reached, whichever occurs earlier. The project seeks to raise $25 million worth of ETH (83333,33). Thanks to the recent release of a minimum viable product for its protocol, the team decided against setting a minimum cap as the MVP would allow them to roll out the protocol in any case.

On the first day of the token sale, early contributors can buy 2,000 BET tokens for 1 ETH. For the next 13 days, token sale participants will be able to buy 1,800 tokens for 1 ETH. For the rest of the campaign, the number of BET tokens available for the same amount of ETH will decrease by 100 every three days.

Contributions will be accepted in Ether only.

Token Distribution and Funds Allocation

Seventy per cent of all issued tokens will be distributed among the contributors, while the remaining thirty percent will be distributed as follows:

  • 10% for legal purposes
  • 10% for bounty programs
  • 10% for early adopters and founders

All funds raised through the crowdsale will be allocated in the following manner:

  • 60% for R&D activities
  • 20% for day to day operations costs
  • 15% for marketing
  • 5% for legal issues

DAO.Casino token distribution and funds allocation

Founders and early investors will have vesting, which is required to ensure the work on the protocol continues after the token sale is over. Founders and early contributors will have 2 years vesting with 6 months cliff. This means we will mature 25% of our tokens each 6 months.

About the DAO.Casino Protocol

DAO.Casino’s blockchain-based protocol automates the value chain of the gambling industry. It will enable independent game developers to receive automatic rewards for their work when casinos take their games onboard. Even more importantly, unlike the current situation, the developers will retain the copyrights for their games.

The protocol of DAO.Casino also introduces the roles of a bankroll backer and randomness provider. As a result, game developers won’t have to depend on casino operators and finding a bankroll backer would be enough for them to roll out a successful product.

DAO.Casino protocol

Casino operators, for their part, will be able to guarantee that all games offered at their virtual premises are probably fair.

These and other aspects of DAO.Casino’s protocol will benefit all parties involved in online gambling business processes. All contributors – developers, bankroll backers, referrers, and casino operators acting as referrers – will be automatically rewarded for their contributions, eliminating the need for a third party to distribute said rewards. In other words, bankroll backers and referrers won’t have to rely on game providers in order to cooperate.

Further details regarding the protocol’s capabilities are described in the project’s whitepaper.

What do you think about the DAO.Casino protocol? How will it solve current problems plaguing the online gambling industry? Let us know in the comments below.

Images courtesy of DAO.Casino

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Čvc 09

Breakout Coin Closes Crowdsale, Successfully Raises 700 BTC

Source: bitcoin

Breakout Coin

Breakout Coin, branded as “the world’s first ‘multicurrency’ payment system,” has ended its crowdfunding campaign, successfully raising over 700 bitcoins, close to $450,000 as of press time.

Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services.

The crowdsale began on June 13, 2016 and ran until July 7, offering a 25 percent bonus for people who bought Breakout Coins (BRK) within the first hour of the sale. This offer was followed by another 15 percent bonus for the entire first week of the crowdsale.

The Breakout Coin team says that these two offers helped “skyrocket early coin sales.”

BRK is the token powering the Breakout Chain, a blockchain program dedicated to gaming. The project boasts a “diverse team consisting of gaming and cryptocurrency experts,” as well as people with experience in the professional gambling industry.

The project has launched a free-to-play poker website open to players from around the world, with winnings paid out in BRK. Breakout Gaming is also planning on launching an eSports site on July 15, and a “full digital game store” in August.

“We’re delighted by the community’s response acknowledging the bright future for a secure blockchain token for online gaming,” says Breakout Coin co-founder Paul Kim. “We’re eager to continue building momentum throughout the duration of the crowdsale.”

In addition to BRK, the Breakout team administers Breakout Stake and SisterCoin, which are associated with the BRK crowdsale and BRK miners.

The team is also working on a smart contract project, developing what they call a “permissive smart contract,” This type of contract is supposed to “mirror the workings of traditional contracts more closely” by refraining from executing contracts, and “instead act to mediate the transactions performed by users of Breakout Chain.”

Read more about permissive smart contracts in this white paper:

About Breakout Coin

Breakout Coin (BRK), Breakout Stake (BRX) and Sister Coin (SIS) are tokens that work together to power Breakout Chain, the industry’s first multicurrency blockchain for gaming industry payments and rewards. Breakout Coin is created and maintained by Breakout Services, Limitada, a Costa Rican LLC, and it operates independently of the regulated poker and casino gaming sites operating by Breakout Gaming, which accepts the tokens for gaming.

To learn more, please visit: www.breakoutcoin.com

For more information on the crowdsale, please visit: www.breakoutcoin.com/coinsale

About Bitcoin PR Buzz

Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin and digital currency Press Release. Click here for more information.

Images courtesy of Breakout Gaming.

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Breakout Coin Closes Crowdsale, Successfully Raises 700 BTC