The KingCasino online gaming platform is blockchain-based. It also incorporated a native token protocol that drives participation, allows voting rights and rewards shareholders. This is quite unique and distinguishes the project from regular online gaming platforms.
The KCT token is a security token. This is a standout piece in an era where blockchain casinos are on the rise. The article focuses on the distribution, exchange offer and flow of the KCT security token.
How are the Funds Distributed
At the early stages, an ICO, IEO and private sale is set up. This is used to invite willing investors and crypto enthusiasts into the KingCasino project. The proceeds of these ICO, IEO and private sale events are used for marketing, development, and capital boost in a percentage ratio of 30%, 20% and 50% respectively.
The ICO and IEO event records
The events are aimed at raising the necessary funds to kick start the token flow. The investors purchase the KCT security token from their exchange wallet funds. A deal was brokered for an IEO listing in cooperation with two of the top-tier exchanges, Latoken and P2PB2B. This boosted the IEO performance of the KCT security token as investors could easily buy and sell token from these exchanges.
The KCT token ICO was conducted via the KingCasino official website and all funds were channelled into various business activities. Below is a listing of the token flow.
Total token: 69,500,000
Price: $0.5 ~ $1.0 (hinges on the round)
Soft cap: $10,000,000
Hard cap: $50,000,000
The KCT Token Exchanges
Latoken Exchange: The latoken exchange came on board via the private sale event of the KCT token. It is a great exchange platform that is focusing on liquidity for new tokens with over a billion dollars in daily proceeds. They have an impressive track record of IEO support for various startup tokens.
P2PB2B Exchange: For many crypto enthusiast, the P2PB2B exchange is a conversant name. They have been in the scenes for some time and have recorded a lot of success. The exchange is an advanced crypto exchange that focuses on benefiting its user community. With a daily trading volume of about 2billion USD, the P2PB2B will prove pivotal in the exchange performance of the KCT token.
Projected Exchanges
Coinmarketcap: Coinmarketcap is a well recognized exchange in the crypto space. It is one of the projected exchanges of the KCT security token. The potentials in the exchange will trigger for the KingCasino is limitless. Some of which include; an instantaneous monitoring of the cumulative amount of tokens in circulation, the statistics of trade within the last 24 hrs. It is also an exchange with several investors. Therefore, the listing of the KCT token on coinmarketcap will boost awareness and global participation.
The Turnover Analysis
The KingCasino project is expected to generate a revenue of $350 million within it first year of operation, with an expected net profit of $28 million. This is expected to be doubled in the second year. The overall business target stands at $5 billion in 5 years.
Conclusion
The KCT token is the awareness and participation driver of the KingCasino project. After the IEO and ICO success of the token, the project kick started. With the valuable exchange listings, it is expected to see KingCasino take over the online gaming industry. However, this hinges largely on the KCT token performance.
USEFUL LINKS
Website: http://kct.kingcasino.io/
Whitepaper: https://kct.kingcasino.io/assets/img/doc/whitepaper-send.pdf
Telegram: https://t.me/KingCasinogroup
Reddit: https://www.reddit.com/user/Kingcasino888
Twitter: https://twitter.com/kingcasino888
Linkedin: https://www.linkedin.com/company/kingcasino/
Youtube: https://www.youtube.com/channel/UC4zxzDe8J_QvF745cZvDq8Q
Facebook: https://www.facebook.com/kingcasino8/
AUTHOR'S DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2652432