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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to be fully transparent, fair, offer instant payouts, and eliminate the sharing of personal data.  The last point is especially important as we’ve seen privacy issues plague some of the world’s leading corporations such as Facebook and 23andMe.  The hope is that by decentralizing casinos, the aforementioned problems of centralized casinos will be eliminated.  The TokenRoll platform aims to be one of the first to offer to a better solution.

Lack of Decentralized Options

Although decentralization is a step in the right direction, the advanced features and potential are not yet fully understood.  And, businesses are hesitant to rush implementation as that may result in less than desirable outcomes.  The cautious approach to implementation has to do with the lack of technical knowledge, the scarcity of engineers working on system decentralization, and a crypto market still at the very beginning of the technology life cycle adoption curve.

A second issue with decentralization is that all information regarding wagers, cash flow, and data will be permanently stored within the blocks.  Customers that sign up and gamble through decentralized casinos need to be made aware of that and agree to the terms.

Lastly, another potential stumbling block has to do with global government attitudes toward decentralization.  As we all know, governments like to be fully in control of everything, even if it’s against the interest of their citizens.  Blockchain technology, cryptocurrency, and decentralization are commonly seen as a tool for the black market.  Therefore, protocols that are introduced should always adhere to the highest forms of ethical behavior.

TokenRoll Protocol has the Solution

TokenRoll Protocol will be a decentralized gambling protocol that runs on Tron (TRX).  The protocol will enable gamblers to bet on smart contracts using the USD Stable Token and Tron coin.  A great piece of news for users is that they won’t have to interact with the blockchain.  Instead, the TokenRoll platform will serve as the interface for the protocol.  In this way, users can focus on gambling, having fun, and (hopefully) winning money.

The company’s current projection (according to the roadmap) is for the beta release to take place in June 2019 with one game.  After that, the company will be working on a beta for Android and iOS, additional games, and making the platform fully-functional.

In the meantime, the company is attempting to raise funds in order to help fund business operations.  In the current market, the most typical ways to raise funds are through an ICO or IEO.  TokenRoll has chosen the traditional route of an ICO, and, in fact, that sale has already begun.  The budget distribution will be approximately as follows:

  • 40% for Bankroll
  • 30% for Platform Development
  • 20% for Marketing
  • 10% as a reserve to fund black swan events

Conclusion

The online gambling market is growing at an unprecedented level and decentralization will be needed to help deal with the new customers and all the problems that come with rapid growth.  Although decentralization hasn’t yet been perfected, it’s nice to see TokenRoll lead the way toward implementing revolutionary technology in an efficient, honest, and thoughtful manner.

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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.

Photo by Longxiang Qian from Pexels

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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