CasinoCoin, which was launched as a Litecoin fork, has come a long way from its initial ICO days. Operational from 2013, this rising altcoin is set to revolutionize the gaming industry. As a peer-to-peer gambling blockchain, it strives to regulate the gambling industry for a rewarding gaming experience. This promising cryptocurrency, which is available to traders at $0.000834 at the time of writing, ranks among the best-performing currencies of 2018.
CasinoCoin (CSC): A Gambling Blockchain for Gaming Enthusiasts
CasinoCoin, the open source blockchain, offers its users peer-to-peer currencies for a one-of-its-kind gaming experience. As a fork of Litecoin, this digital coin provides its users with a digital wallet, a translucent blockchain, and top-notch security services. Although issued back in 2013, it was invisible for most of the time and was taken over by a new development team in 2017. However, it has witnessed a steady rise in popularity in the recent time. Equipped with new updates and striking features like KYC/AML, it offers a more secure mode of gambling for game lovers.
Key Features of CasinoCoin (CSC)
As a non-profit entity, CasinoCoin (CSC) was launched with the vision of a number of important goals. Apart from educating the regulated gaming industry on the advantages of blockchain technology, it was designed as an exclusive currency for online gaming. CasinoCoin (CSC), which owes its origin to “Black Friday”, one of the most notorious projects in the crypto-sphere, was developed to solve the gap created by the infamous cryptocurrency. In its bid to offer a regulated gaming experience, it has updated itself with a number of interesting features. Some of its notable features are discussed in the following segment:
- Updated Algorithm: The new developers, who have joined this crypto project back in mid-2017, have updated the algorithm of the blockchain for a more regulated gambling experience.
- Lightning Fast Transaction Speed: As per the reports, the updated CSC features offer a lightning fast transaction speed. With a transaction speed of 3-5 seconds, CSC features among the fastest currencies in the industry.
- Lower Fees: Trading at $0.000834 at the time of writing, CSC offers an affordable gambling experience to its users.
- Coin Swap: All unclaimed and disused currencies can be used as a fund.
CasinoCoin’s (CSC) Market Response
With a market capitalization of $30,014,899 as of April 10, 2018, CasinoCoin is listed in cfinex and BitFlip, two of the most renowned crypto exchanges, has evolved to become the preferred digital currency for online gambling. As per the recent records, the cryptocurrency has moved -12.67% over the last 7 days. CSC, which has reached $0.0008, hasn’t been in the spotlight for the greater part of 2017. However, after the joining of the new developers in the team, it has witnessed a steep rise in popularity. Apart from the improved features, CasinoCoin comes with all the advantages of a standard blockchain, such as high transparency, advanced security, and faster transactions.
Ever since the introduction of the blockchain technology, it has created a lot of noise in the market. With more than 800 currencies on offer, the cryptocurrency market is rapidly growing to become one of the largest financial ecosystems. The peer-to-peer blockchain technology, which allows processing of transactions without a third-party involvement, has been successfully deployed for a number of applications. When it comes to gaming applications, CasinoCoin is not the first one to integrate blockchain technology into the gaming industry.
Today, a number of big names of the gaming world are associated with the open source blockchain ledger, and CasinoCoin is recognized among them. This rising altcoin, which ranks #221 at the time of writing, has traversed a long way from its ICO days. Considering the impressive performance in the present market, its potentials cannot be entirely dismissed. As a formidable contender to the crypto giants, CasinoCoin can be accounted as a game changer in the crypto-space.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Nick Ares via Flickr
Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors
When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat. These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor. But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.
Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace. The real benefit to trading in these offices is to participate in the free flow of trading ideas and information. Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed. Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?
While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.
Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors. The goal of the platform is to help newcomers shorten their learning curve,…
CoinFlip Scores Big with BRD Wallet Partnership
As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible. While many crypto users are extremely tech oriented, a lot of those on the sidelines are not. The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above. In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country. Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.
In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map. Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells. BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit. The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.
Cryptocurrencies are already making a huge difference around the world. Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…
Cryptocurrency Collateralized Debt Positions Are Growing in Popularity
While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle. Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance. One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess. That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS. These projects have managed to find a foothold in the market and have a better chance than most of staying there. While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.
What is a Cryptocurrency CDP?
In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount. There are several examples of this in our day to day lives. Auto title loans from large companies like TitleMax are extremely popular with consumers. Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has. The consumer can continue using their car as long as debt payments are made.
The same concept applies to cryptocurrency CDPs. Consumers are able to put up crypto tokens, such as…
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