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

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TokenRoll

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

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My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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3 Reasons Why Liquidity Dividends Protocol (LID) Will Be a Huge Winner

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Liquidity Dividends Protocol

Since 2017, cryptocurrency has experienced both the crazy highs and the crazy lows with fortunes being made and lost overnight.  That volatility is one of the main reasons why cryptocurrency has been relatively slow to gain mass adoption.  In addition to volatility, another concern for many is the lack of security and regulation in the market.  This can be seen through the countless exchange hacks and rug pulls that seem to occur on a weekly basis.  In order for cryptocurrency to move into the next stage of maturity and bring on mass adoption, investors and users will need to feel secure knowing that their funds are safe.  One promising organization that may have the perfect solution is Liquidity Dividends Protocol (LID).

What is Liquidity Dividends Protocol?

Liquidity Dividends Protocol is an up and coming organization that provides locked liquidity services to cryptocurrency projects that launch their offerings through ERC-20 tokens.  It lets non-custodial pre-sales lock liquidity of a token in a trustless manner through Uniswap.  This locking process will prevent every investor’s worst nightmare of seeing their hard-earned money disappear through “rug pull” scams that are designed to remove liquidity out of DeFi projects.

This year has seen an explosion of interest in Uniswap and DeFi projects.  Many investors have generated enormous returns on investments, but many have experienced the pain of being duped.  Below are three reasons why LID Protocol is poised to be a massive winner in…

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