RACOIN: THE BLOCKCHAIN TECHNOLOGY SOLUTION FOR GAMBLING INDUSTRY

A BRIEF INTRODUCTION TO THE WORLD GAMBLING MARKET
The world gambling Market have contributed extensively toward the growth of the economy of the world and also have become a major factors driving the economy at large. Gambling industry plays an important role toward the economy. A good example is, the US alone accounted for approximately 0.91% of the US GDP in 2017. This Market alone has a considerable potential to create job opportunities and awareness. The Gambling Sector is more diverse and have the attention to attracts high foreign investments across the globe. Research have it that as at the year 2017, the Americans with a revenue share of more than 40% plus hugely dominate the global gambling market, in that same 2017, the Northern Americas contributed more than 91% of the total revenue generated by the Americas. It was followed by the APAC and EMEA regions. As a result, the global research technology; expects the North America to decline and South America to Increase because of the increased of gambling activities in the southern region of America.

BITCOIN GAMBLING AND THE MARKET TREND
Cryptocurrencies at large have also played a major role in determining the world economy. Bitcoin is a referred to as the father of all other cryptocurrencies and it allowed peer to peer transactions and payments to take through the blockchain technology. With the high popularity and increase in the price of bitcoins, most gamblers and vendors stake with bitcoin. This is because of the advantages that the cryptocurrency has over regular currency. Bitcoin have benefits of cross border transactions and most times the transaction fee involved with bitcoin is lower compared to regular and fiat currency. Gambling involving cryptocurrency require a nominal processing fee that is very low when compared with the fee most banks and other credit card companies across the globe charged. Bitcoin transactions are much more faster and secure than the regular currencies.

STATEMENT OF THE PROBLEM
Research have it that Gambling Industry across the globe have been faced with different challenges over the year. Some of then that the RACOIN Company i trying to provide solutions to are enumerated below;

1. CLIMATE INVESTMENT
   The Various financial entities have turned to casino investors, and after seeing the Return on Investment in numbers. The growth rate of the gambling industry have become a major concern, this rate is stimulated by the increment in investment. This increment also bring about a high level of interest from both foreign and local investors at large thereby creating enormous risks. In the chart below, it can be deduced that oversupply usually turn into deep recession and smart investors and traders diversify their strategy into a more promising platform.
   
2. MARKET AND STATISTICS
   The gaming industry is highly lucrative and stable growth rate performs exclusively. A quick review into the Casino Industry shows that it generates high profit margins and high revenue. Also in 2017, the gambling industry have a gross win of over 465 billion U.S dollars form gamblers alone, this shows that the gambling revenue have increase and double exponentially over the years with more gross margins and high yield income. Similarly, another review was taken in 2017 and it seen that Australians have the second gamblers in the world economy. This Survey records that every adult in Australians have spent over $1000 on gambling and about 39% gamble monthly.
   

A More recent publication shows that the University of Nevada, a casino land based in the US States bring in up to 3.4 billion US Dollars. Nevada have contributed immensely to the gambling industry via it research and works.

1. PATTERNS
   Casinos can be defined as a platform or an establishment where gambling enthusiasts and those that have interest in gambling are able to bet on table games and also bet on cards. They have so much to offer in the sense that they spice it up with so much excitement, players and participants are seen dancing, enjoying the luxurious settings and celebrating the moments.

INTRODUCING THE RACOIN
The RAcoin is built and developed to improved on the traditional gambling platform by deploying the blockchain technology as the new modern pattern for the gambling industry. The RAcoin is a tool presented by the RA Entertainment to counter this challenges accepted by the RA Company. The Coin is powered by the ethereum blockchain Smart Contract that fully satisfy the needs of both online and offline gambling technique. In the real world, the RAcoin can be accepted as a mode of payment and it creates a platform for a better world.

The RA Entertainment is emphasizing more on expanding the blockchain technology to the gambling industry and create an advanced user experience. It is a high tech company, its team focus more on developing an effective and affordable solutions for both online and offline gambling related activities.

MODIFICATION OF THE BLOCKCHAIN TECHNOLOGY
The blockchain technology is very secure and serve as a means of transactions of records where all detailed are made public and distributed in the public ledger. The blocks are connected and secured through a means called the cryptography. The blockchain technology is highly decentralized across the nodes in the peer to peer network. Therefore, the blockchain techology can be referred to as a transparent and secure way of storing records and track transactions. Ethereum on the other hand is a decentralized blockchain technology where a smart contracts run through the ledger. The Smart contract run an application to verify, enforce negotiations or digitally facilitate a contract.

DIFFERENCE BETWEEN TRADITIONAL GAMBLING AND BLOCKCHAIN GAMBLING
It has been seen that traditional gambling have so many setbacks and this results in the modernization of the gambling websites to a more decentralized blockchain technology where all the set backs are reviewed and corrected. The deployment of the blockchain technology will bring a change to the gambling industry. It referred to as the revolution in the gambling space be it the first of its kind. The traditional gambling have a front and back end which leave the platform at risk and might easily be compromise by hackers.

The Blockchain technology on the other hand does not in any way have a back end processing. There is a black box at the back end processing and it is replaced by the blockchain distributed ledger supported with the RAcoin platform thereby providing more security and making it extremely difficult for hackers

SOME ADVANTAGES OF USING THE RACOIN FOR REAL LIFE CASINO OVER THE TRADITIONAL PAYMENT METHODS

1. The RAcoin token can be used as a mode of payment.
2. It creates some token available for holders and they can also get an additional service for free.
3. It create more access and opportunity when operating for Jackpot Player.

BENEFITS OF USING RACOIN

1. It is more profitable
2. It is Convenient to use
3. It enabled customer to choose their preferred payment method
4. It create rooms for gamblers to learn more about the blockchain technology and techniques

THE TOKEN INFORMATION
Token Symbol: RAC
Token Standard: ERC 20 Compatible
Token Total Supply: 20, 000, 000, 000 RAC
Exchange Rate: 1 ETH = 100, 000 RAC
PRE-Sale Amount: 3, 000, 000, 000 RAC
Token Sale Amount: 5, 000, 000, 000 RAC

ROADMAP

THE TEAM

THE ADVISORY BOARD

PARTNERS

MEDIA

For More Information, Kindly Visit any of the following links below:
Website: https://racoin.io/
Whitepaper: https://racoin.io/pdf/racoin_whitepaper_eng.pdf?ver=20180523
Facebook: https://web.facebook.com/RAcoin-1348409231971565/?_rdc=1&_rdr
Twitter: https://twitter.com/RAcoinNews
Telegram: https://t.me/racoinnews
Youtube: https://www.youtube.com/channel/UCtyGrvHTO7LCa4IAJyjMUdw
Bitcointalk link: https://bitcointalk.org/index.php?topic=3503957.msg36186559#msg36186559

AUTHOR'S DETAILS:
BITCOINTALK USERNAME: capableuwa1
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2077672
EMAIL ADDRESS: [email protected]