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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

Encrypgen’s New HODLING Incentive Program May Send DNA Token Soaring

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Encrypgen
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Cryptocurrency traders have enjoyed a Bitcoin moon shot during the past few months.  Those gains have created a much more enjoyable environment for crypto bulls.  Whether it’s a temporary or permanent increase remains to be seen but hitting the 10,000 level has put everyone in a better mood.  Unfortunately, altcoins have not had experienced the same type of gains and are lagging significantly behind Bitcoin.

I’ve written articles in the past year that there is at least a decent chance that many altcoins won’t survive the current environment.  The ones that do will do so because they created a platform that has real world usage.  After spending countless hours researching many of the existing altcoins, I’ve yet to see a company that is more promising than Encrypgen (DNA).

Encrypgen Background Information

Encrypgen is a genomic blockchain network that provides customers and partners with best-in-class, next generation, blockchain security for protecting, sharing and re-marketing genomic data. This creates a fair marketplace for a person’s DNA that can be stored privately and sold (if a person wishes to do that). A person’s DNA can also be shared privately and securely with their physician for their personalized care.

Typically, people can send their DNA off to a lab to find out who they are and where they come from. As fun as that might sound, there is a significant security problem…

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Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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