Hello my crypto friends!!!
Today I will show you an impressive platform called Racoin that as I said the blockchain technology will do its part.
What is Racoin?
RAcoin is a universal utility token that successfully meets the needs of modern online and offline gaming levels, and is also acceptable as a regular payment method. As a result, several European Internet gaming platforms integrate RAcoin on an equal footing with fiat.
There are traditional games of chance and none of them are traditional. Examples of traditional betting games include, but are not limited to casino games (Blackjack, Craps, Roulette, Slot machines, Video Poker), sports betting. While examples of non-traditional gambling games include board games, bar games, etc.
Mision
RAcoin's primary mission is to make blockchain technology an essential part of the traditional gaming industry and reach out to the general public to distribute RAcoin as a functionally appropriate cryptomoney game. Where RAcoin will later become a universal payment tool, allowing existing platforms to integrate cryptomoney along with traditional payment methods. First, RAcoin will be integrated as a payment method into online and offline casinos operated by RA Entertainment Inc. in June 2018. RAcoin will also integrate with two leading European gaming and betting platforms, RA Entertainment Inc. has secured agreements with these partners. The first place you can pay for everything with RAcoin is Palau World, a luxury casino and hotel that RA Entertainment Inc.
Launch
RAcoin will be launched as an alternative and extremely professional payment method for all products and services in New World within 9 months. But before that, RAcoin will be integrated into a number of important European gaming and betting services that have already confirmed an agreement to collaborate and use the token. RAcoin would be more convenient to use due to its low extraction fees, much lower than fiat's.
Function
RAcoin will be implemented for both online and offline applications. It is a good idea that the gaming industry has witnessed a gradual crescendo from its offline platform to get online. However, the online betting process has challenges whose transparency remains a difficult problem to solve. There is no reliance on the algorithm of online and offline gaming systems, which positions blockchain technology as the best choice for the gaming industry.
RAcoin did a great job of integrating blockchain technology into its platform and will soon be the leading source of online gaming. While the blockchain approach is commendable, it still creates a division among its users, dividing them into those who understand its technicalities and those who do not.
Benefits
New World guests can choose a suitable payment method for all services provided at the hotel. Even a bottle of water can be purchased through the usual means of payment: cash, cheques, credit cards or RAC. The main reason for using tokens is cost-effective, convenient and private.
When paying for token services, a user can receive additional VIP services free of charge. For example, if you buy a luxury suite with tokens as a bonus, you get a free yacht trip. Or if you book a common room with tokens, you will receive free spa treatments. Access to some VIP lounges is available to tokenholders only.
The "operational" jackpot is another opportunity for RAcoin's worldwide offline use. If the customer chooses to participate in the jackpot, he pays for the service or provided by New World plus 1% of the total purchase amount. The extra money paid will accumulate in a separate account driven by smart contracts. Each time the sum in the account reaches 100,000 RACs, the jackpot is played. Customers who used the "pay and participate in the jackpot" option will have the opportunity to obtain a share of these funds through smart contracts that ultimately provide a transparent winner determination algorithm. Anyone can verify that each round of the well is fair and that the final results are absolutely random.
Characteristics
Payments for all goods, services and accommodations provided in the New World complex, which will be built and opened regardless of the amount of money raised by the RAcoin crowdsale.
Payments at other casinos and hotels that will collaborate with RA Entertainment Inc. and will join the RAcoin ecosystem in the future.
Winning deposits and withdrawals for online betting platforms. So far, RA Entertainment Inc. has an agreement with a European casino company for the integration of RAcoin into its affiliated sites. Sites will implement RAcoin as an alternative payment method no later than three months after the crowdsale is completed. The company is open to negotiations with other potential partners.
Iterative "operative" jackpot together with the crowdsale jackpot in one go. The first will be played each time the independent special account accumulates 100,000 RACs. The second will be launched only once, at the end of the main token sale.
Route Map
Token
THE RAcoin DEMONSTRANTS (RAC) is an ERC20 token and will be used for online betting, gambling payments and also in the New World as a payment method.
Token price: 1 ETH = 100,000 RAC
Minimum investment: 0.1 ETH
Soft Cap: 2,000,000,000,000 RAC
Hard Cap: 8,000,000,000,000 RAC
Total Supply: 20,000,000,000,000 RAC
Important Links
Website
Whitepaper
ANN
Telegram