Reading: DAO.Casino to Revolutionize the Gambling Industry with Its Blockchain Platform

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DAO.Casino to Revolutionize the Gambling Industry with Its Blockchain Platform

Bitcoinist

Bitcoinist | Mar 20, 2017 | 07:00

DAO.Casino Press releases

DAO.Casino to Revolutionize the Gambling Industry with Its Blockchain Platform

Bitcoinist

Bitcoinist | Mar 20, 2017 | 07:00


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DAO.Casino is one of the few “true” blockchain-based casino platforms that offers a complete end-to-end solution using distributed ledger and smart contracts.


Gambling with cryptocurrency is not unheard of. There are hundreds of Bitcoin casinos and gambling websites out there that offer a range of games for enthusiasts. These platforms just allow its users to fund their accounts, place wagers and withdraw winnings in Bitcoin or other cryptocurrencies. DAO.Casino is one of the few “true” blockchain-based casino platforms that offers a complete end-to-end solution using distributed ledger and smart contracts.

DAO.Casino, with its Ethereum blockchain based casino platform, democratizes online gambling. The platform makes use of the smart contracts to support the growth of a fair and sustainable gaming and gambling industry, where everyone gets rewarded for their contribution. DAO.Casino ensures that the autonomous economic structure incorporated in the platform doesn’t affect its usability by striking a delicate balance between both aspects.

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The decentralized business model adopted by DAO.Casino doesn’t pick favorites. The Ethereum smart contracts automatically disburse funds amongst participants which include developers, referrers and random number providers for their contribution to the platform.

In the latest press release, the CEO of DAO.Casino, Ilya Tarutov was quoted saying,

There are ways of providing a much better experience for the players and the game devs while creating a sustainable business model that scales. Ethereum provides a very useful technology to achieve this.

Creators of DAO.Casino are looking forward to revolutionizing the online gambling sector for good by rescuing unsuspecting gamers from rigged gaming infrastructure. The platform leverages upon the qualities of Ethereum blockchain to eliminate the involvement of “trusted” third parties in the gaming service. The transparency and automation offered by DAO.Casino makes it virtually impossible for the game platforms to cheat their users. Some of the benefits provided by DAO.Casino to players includes a Straightforward UX, lots of provably fair indie gambling games, choice of suitable UIs, higher payouts and potentially the largest lottery on Ethereum.

For game developers, DAO.Casino is the ideal place to monetize their work or raise funds to finish the development of their game titles or bankroll without hefty commissions. Developers get access to a scalable P2P marketplace, referral support system, required resources to build their own casino and access to a verifiably genuine RNG. In addition, the developers also get to retain the IP for all their creations. Similarly, even token holders get their own share of roles, benefits, and rewards.  They can be part of the game bankroll and earn a percentage of the game profits, refer players to different games and even provide random numbers for use in the games.

DAO.Casino’s features, as explained in the press release includes,

1.Resilience: Tokens are distributed amongst many contracts.

2.Fair distribution: Transparent and automated rewards system (not controlled by a central authority).

3.Open & Extensible: Anyone can add a game or run their own casino UI.

4.Sustainable: Maintained by many participants.

The team behind DAO.Casino has got some great things lined up for the month of March 2017. These include the introduction of a detailed system architecture, token distribution and functionality details, RNG details, initial Solidity contracts and security audit results.

With all the necessary infrastructure in place, DAO.Casino can in no time, change the future of online gambling, not just for the creators of games but also players and operators.


Images courtesy of DAO.Casino, Shutterstock


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