Existence of gambling has roots since the beginning of human history, and with the advent of the internet, online gambling has spread a lot and continues to extend as far as mobile connectivity escalates around the world. Blockchain technology has pushed this momentum through building gamling focused decentralized applications. Blockchain technology has transformed the world, it continues to remain one of the impressive innovations in the 21st century and many decades to come. Presently, the technology adds the greatest benefits in daily life of substantial industries such as the gaming industry.

What is Kinipot

KINIPOT aims to become a global cryptocurrency-based online gambling and lottery reference with a different peer-to-peer and social segment, resulting in better odds and higher winnings for contenders. By accepting the attachment of cryptocurrency wallets to gambling accounts, Kinipot platform allows users to stay anonymous, potentially only requiring an email address and a username. Users may be able to bypass disclosing personal information to the site for verification, as deposits from a cryptocurrency wallet are instantly verified by the public blockchain. Likewise, withdrawals from a gaming site can be instant, without the need for a third party to verify the transaction. A fully decentralized casino can offer increased odds to players offset by a reduction in costs by using cryptocurrencies with low fees to facilitate transactions. Some sites may also be able to fully eliminate the house edge in certain sports betting contexts by allowing true peer-to-peer transactions where users bet with one another.

Features

Increased Security

Many people who gamble online fear that they may be at risk of their banking information being stolen by fraudsters. Kinipot is using latest innovations of blockchain technology and its functionality can be defined as a database of information that records the provenance of a digital asset in a way that makes it very difficult to change. It is a digital ledger of transactions and provides an open database of every transaction involving value. This makes using this technology extremely secure. Cryptocurrency is easy to track as each transaction comes with its own unique identifier code. However, it is impossible to manipulate these transactions because all digital currencies are encrypted. This ensures that payments made using blockchain technology are safer than traditional currencies.

More Security and Scalability

More scalability is playing vital role to survive in this highly volatile market as the smart contracts of the and smart chain of the platform are able to process the data instantly and after matching the required condition the transaction is executed and the processed data is stored on blockchain by innovative nodes of the platform. This process of transaction execution is done in user’s account and all the data /information is available in a distributed ledger on blockchain where anyone can see and check the authenticity of the transaction. That will curb the manipulators and stop the hazard of data changing to provide best user experience and full security on the platform.

Anonymity

Kinipot platform is allowing users complete anonymity whilst they play. Because no identification is attached to a bitcoin wallet, players can feel secure knowing that nobody can obtain their personal information. Instead, they can focus solely on their games and not have to worry about other users seeing their progress. The users of the platform are able to use the application of this sound ecosystem of Kinipot platform that will help to connect the master and visa cards with the wallet of the platform. This will enable the wallet holder to use the card and create a virtual card that will help to pay and settle payments via crypto currency. You can easily swap your assets to any sort of currency you need. Integration with bank cards and bank accounts allows users to make payments from the wallet around the world, withdraw cash from ATMs, and instantly exchange crypto currencies to fiat.

Instantaneous and Cost-effective

When users of Kinipot platform deposit crypto online at gambling platforms, there is no requirement for a third-party approval for crypto-transactions. Simply, players have full authorization over their digital money- they make deposit and withdrawal, blockchain instantly verifies transactions in real-time and online casinos will get to know in a fraction of seconds whether transactions were successful or no. As crypto speeds the transaction, it also lowers the cost of transferring crypto. This makes the cryptocurrencies more cost-effective than other sources of payment like credit cards or bank transfers. This is the biggest benefit for both parties-online gamblers and the online casinos.

Kini Token

The symbol of native and governance token of the platform is Kini. The holders of this token are the stake holders of the platform and can earn various rewards and interest income by staking their Kini tokens. This is governance token so the community that is holding this token can vote to decide which newly growing project to be allowed to use Kini of this innovative platform. The holders of this token are helping the platform to consider and adopt best future development strategies for the consistent growth of the platform.

• Total Supply of Tokens: 300,000,000 Kini
• Token Type: Bep-20 (Binance Smart Chain)

Useful Links :

• Website: https://www.kinipot.com/
• Twitter: https://twitter.com/KiniPot
• Telegram: https://t.me/kinipot
• Facebook: https://www.facebook.com/kinipotofficial

Writer

• BTT Name: vrai40994
• BTT Link: https://bitcointalk.org/index.php?action=profile;u=2770155
• POA: https://bitcointalk.org/index.php?topic=5383416.msg59156141#msg59156141