Sports and sporting activities have been a unifying factor all over the globe. From football to basketball and traversing the gambling industry, you can not undermine the euphoria that comes with sports.
You might have had cause to place bets on certain sports such as football and casino. You might have won some of the games. How does it feel to win big by just placing bets on your favorite sports? The joy that comes with it is quite unprecedented and that authenticates the fact that sports betting are such a huge investment and have a high financial stake in the world.
While many are staking on football games, the gambling industry seems left behind in the stake. Over the years, the perception of sports lovers and game bettors is that the gambling industry is not as lucrative as other sports betting. While this might have some truism, it is not entirely the fact. The gambling industry has high marketability and as at the year 2017, its revenue was estimated to be about $465 billion.
Many have been enriched through this industry and those with an eye for detail will bear testimonies of its positive potentialities. Now to the issue, how will it sound to you to realize that liquid assets and cryptocurrencies can be utilized in the gambling industry? At the moment, betting on games in the industry is through the traditional cash payments but we now have a brand new payment method with us – cryptocurrency.
Intrdoucing the First Cryptocurrency for the Gambling Industry
We now have a new payment method for the gambling industry. We can place bets and gamble on our favorite sports by making payments not in cash but using the liquid currency – cryptocurrency.
I’m pleased to introduce RAcoin to you. RAcoin is a subsidiary of the high-tech company known as RA Entertainment Inc. RA Entertainment has interest in improving users’ experience in the recreation and entertainment sector just as they are in support of the extension of the blockchain technology for wider use.
Coming to the issue of payments, most gambling outfits still utilize cash payments and that is what RAcoin is set to change. RAcoin is a utility token specifically initiated for the gambling industry. Backed by the Ethereum Smart Contracts platform, RAcoin will effectively meet users’ needs for their online and offline gambling.
RAcoin is not limited to the gambling industry; it can also be utilized in the real world in top casinos and hotels that have partnership with RA Entertainment or are willing to accept the RAcoin as a means of exchange. RAcoin is already making headway with its acceptance and integration into many European gambling platforms.
Why Should RAcoin be trusted?
As lucrative as the gambling industry is, it still has its challenges. The potentiality of scam programs cannot be ruled out either. So RAcoin might be considered as scam but that’s not what it is.
RAcoin is intent on integrating the blockchain technology into the most gambling platforms and the gambling industry in general. It is set to revolutionize the current gambling process by integrating cryptocurrencies and the the RAcoin token as its payment gateways.
To fast-track its mission, RA Entertainment, developers of the RAcoin are embarking on the construction of a luxury outfit that will function as both a casino and hotel. The outfit is to be called New World Complex and is to be cited in the South East Asian region. Its construction is expected to commence towards the fall of 2018 just as another construction of 10 casinos and hotels that will utilize the RAcoin will commence by the end of the year 2019. These are the missions of the RAcoin through its parent body – RA Entertainment Inc.
RAcoin should be trusted as it does not having any scamming potentiality but seeks for ways to improve the gambling industry and the high point is the integration of the RAcoin token and other cryptocurrencies as payment and exchange methods in the gambling industry.
What is out of place in the gambling industry?
Though highly productive and efficient to some extent, the traditional gambling industry does not have quality initiatives that will place it in the radar of future developments. What gambling platform in this technologically-advanced century should be accepting cash as exchange? The traditional gambling industry lack initiatives and this has kept it conservative for a long time.
As part of its improvements, the industry devised online channels to further advance their operations but not much was gotten out of the supposed jinx-breaker as it lacked transparency and is prone to database hacking as a result of cyber crimes.
What should be done?
What should be done is what is been conceptualized and developed by RA Entertainment. That is the integration of the blockchain approach to the gambling industry to increase its efficiency, aid its transparency and decentralize its database.
RA Entertainment took a step further to actualize this by introducing its utility token RAcoin that will be the primary payment and exchange gateway on the RAcoin ecosystem.
Traditional Gambling and Blockchain Gambling: Which is better?
While we hail the traditional gambling approach for its many prospects, we shouldn’t fail to be open to further adaptations. Technology has simplified many platforms and we shouldn’t fail to embrace and welcome it into the gambling industry.
Haven being implemented in many platforms with relative success, the blockchain technology will no doubt, do better if utilized in the gambling industry. It is therefore a welcome development for RA Entertainment’s planned integration of the blockchain technology to function alongside the traditional gambling system.
It promises to offer maximum security as opposed to the loopholes experienced in te current gambling system. The blockchain approach will offer users a friendly interface just as it will allow for easy computations thereby eradicating the feelings non-transparency observed in the traditional gambling computations.
RAcoin promises to carry everybody along including those who understand the technicalities of the blockchain technology and those who don’t. With this in place, users can have a befitting experience with customer service that was not actually in place in the traditional gambling system where users are to learn by themselves.
Unlike its predecessor – the traditional gambling, RAcoin charges fewer fees for withdrawals and avails a variety of payment channels for its users top of which is the RAcoin utility token and other cryptocurrencies.
Token
RAcoin itself is the token to be used. It is a utility token backed by the Ethereum Smart Contracts platform for a simplified experience on the blockchain channel. RAcoin is an Ethereum ERC20 compliant token and is available for use in many platforms such as online and offline betting.
The token is also poised for gambling payments and as acceptable currency and exchange system in RA Entertainment partnering outfits.
Token Distribution
The following format shows how the RAcoin will be allocated:
25% token for main token sales
20% token for Foundation
15% token for pre-sales
10% token allocated to Angel Investment
10% token will be allotted to RA Entertainment Inc. Lab.
10 token is set aside for the team members of the RAcoin project
5% token for advisors of the RAcoin project
4% token meant for Bounty and marketing of the RAcoin project
1% token for crowdsale jackpot
Token & Token Details
Rac token is an a utility token , that can be used to unlock the premium features of racoin platform. It is aajor form of exchange 8n racoin platform
Token Name: RAC
Token Standard: Ethereum ERC20
Token Price: 1 ETH equals 100, 000 RAC
Platform: Ethereum (ETH)
Accepted Currency: ETH and BTC
Bounty: Available
Soft Cap: 2, 000, 000, 000 RAC
Hard Cap: 8, 000, 000, 000 RAC
Minimum Investment: 0.1ETH
Country: Ukraine
Useful links
Website: https://racoin.io
Whitepaper:https://racoin.io/pdf/racoin_whitepaper_eng.pdf?ver=20180523
Twitter: https://twitter.com/RAcoinNews
Facebook: https://www.facebook.com/RAcoin-1348409231971565/
Telegram Group: https://t.me/racoinnews
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3177504.new#new
Team Members
Advisors
Autor: sweedy
Bitcointalk profile link: http://bitcointalk.org/index.php?action=profile;u=1821234;sa=account