Cryptocurrency exchange

CasinoCoin A Scam or the Future of Gambling

Since CSC underwent a second revamp and change in leadership, the information about its market cap hasn’t been transparent. The new leadership adopted a more focused approach aimed mainly at Tier 1 and 2 gambling markets. At the moment of writing this review, due diligence is underway, and the new team seeks to lick CSC into shape and make it available on many crypto exchanges. Casino Coin (also known as CasinoCoin or CSC) aims to improve the online casino sector further, aiming to become the golden key that opens doors to all casinos. Nowadays, dozens — if not hundreds — of casinos rely on Bitcoin and many altcoins for deposits and withdrawals. CasinoCoin is for use for online gaming, not for investment purposes or to be passively held with an expectation of profit.

The CasinoCoin project is led by a team dedicated and experienced in working within the regulated gambling sector and crypto e-gaming sectors. With this as a focal point, features and tools have been customized to meet both the needs of the users and the operators. We think that the coin is definitely not a scam, as it already has significant backers. It was designed specifically for the online gambling industry, so it’s currently the only crypto that has a chance of widespread use by casino operators and players. CasinoCoin (CSC) is a digital currency like Bitcoin and other cryptocurrencies. The main difference between CasinoCoin and other crypto coins is that CSC was designed for the regulated online gambling industry.

No, it’s not possible to issue additional CSC on the XRPL. Eminence’s role is to maintain the network, and to expand adoption and acceptance of CasinoCoin in the gambling market. CasinoCoin does not represent any economic or other interest in Eminence. CasinoCoin (CSC) should not be viewed or acquired what is casinocoin as an investment, should not be perceived as an investment opportunity or obtained with a view to resell or distribute. Disputes can be easily audited and resolved in a timely manner. As with deposits, operator savings on withdrawals are significant, and similar saving percentages can be expected.

It’s the 4,185th largest coin based on market cap, which isn’t that much of an accomplishment if we consider that it has been available in one way or another since 2013. For the sake of comparison, Bitcoin’s market cap is $376 billion, and Dogecoin’s (the current 10th-ranked crypto based on market cap) is $7 billion. Terra (LUNA), the 100th largest crypto, has a market cap of $325 million.

  1. The purpose of listings is not for investment or for expectation of profits.
  2. However, CasinoCoin is a new coin, and a lot of its features are an improvement over the existing coins in the market.
  3. As with deposits, operator savings on withdrawals are significant, and similar saving percentages can be expected.
  4. That is when I fell in love with XRP, but only for a short moment.

The purpose of onboarding is to assist online gaming platforms with regulatory compliance, including anti-money laundering (AML) and know your customer KYC rules. You should only purchase CasinoCoin for the use of online gaming. I am fairly new to the Crypto World, and I am sure my story is like many others. I was introduced through my Brother in-law, who invested 5 dollars, and turned it into 70. I had heard of people making a fortune on this kind of investment before, so I decided to learn and invest myself.

Best Online Casino Sites Recommended by Reddit

Players have already completed identity checks in the XUMM Wallet meaning the registration process at your site can be simplified. CasinoCoin is still relatively new, as its current Ripple-inspired form was designed in 2017, so it’s still not widely used. It was initially built on the Litecoin blockchain back in 2013, but it was completely changed when they opted for the technology Ripple uses. On top of that, as it’s built on the Ripple blockchain technology, we know that everything is transparent. According to CoinMarketCap, the current market cap for CSC is around $11 million. However, there’s an orange warning sign next to this and several other pieces of information related to CSC, claiming that the shown info isn’t publicly available.

End users

CasinoCoin does not represent any equity, debt, profit, vote or any other interest in Eminence or in any other entity or organization. Bitcoin and other coins have been around for several years now, and many of these cryptocurrencies have seen widespread use and continuously increasing popularity. Holders of CasinoCoin that are signed up via the xApp can enjoy the full utility, benefits and functionality of CasinoCoin.

A user may need a venue to transfer unused CasinoCoin or acquire CasinoCoin for use on the platform. The purpose of listings is not for investment or for expectation of profits. CasinoCoin does not represent any equity, debt, profit or any other interest in Eminence or any of its subsidiaries. Similar names to those of CasinoCoin Members, Mods, and/or staff are not allowed!

Where Can I Buy CasinoCoin?

Custom tokens allow gaming operators and suppliers the ability to maintain their token economy while enjoying the benefits of CasinoCoin. Token creators can determine the total supply, value, and distribution method. There are many reasons why I think this is one of the better investments you could make in blockchain. The tech is the best, the team and connections they have is the best in the industry (by far), and the CasinoCoin Foundation has taken a “No hype” approach. They will not share news or give updates until the partners have a signed contract.

How Do Online Casino Bonuses Work?

CasinoCoin (CSC) is a digital currency, like Bitcoin or Ethereum, and is made with the regulated gaming industry in mind. CasinoCoin uses Ripple’s revolutionary ledger technology which was designed for the financial sector. The XRPL offers fast and efficient currency transactions. CasinoCoin features a number of advantages over traditional cryptocurrencies. CasinoCoin (CSC) is a digital currency, developed specifically for the regulated gaming industry.

They are focusing on product and utility first, which is why I am all in with this project. They aren’t worried about speculation, pump and dumps, or anything in the market to fatten their wallets. Most of the team have been essentially working for free for the better part of 2 years. They are solely focused on bringing a revolutionary product to a huge market. Honestly, it has been really refreshing in this strange Cryptoverse we have all come to know.

The project was restored in 2017 when another team took over and revamped the crypto, switching to Ripple as the main power behind CSC. The coin is supported by the XRP ledger, known for its incredible speed, security, and low transaction costs. This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The purpose of the listing is solely to offer liquidity to onboarded users.

CasinoCoin Price Live Data

CasinoCoin (CSC) is a digital currency developed specifically for the regulated gaming industry. CasinoCoin aims to provide users and gaming regulators/operators with improved transaction speeds, security, financial transparency, and traceability. CasinoCoin features built-in KYC and AML capabilities, and is founded on an ethos of compliance and consumer protection. It’s still early to tell, but it has a lot more chance at widespread approval than any other crypto. Other crypto coins like Bitcoin, with its astronomical market cap, can’t measure with CSC, as they are neither regulated nor follow the rules of the gambling industry.

Until then, it’s much better to follow the news and see what changes are introduced. Of course, if you need crypto for an online casino, using Bitcoin, Ethereum, and other popular currencies is always recommended. CSC is a world apart from Bitcoin and Ethereum regarding the underlying technology. Ripple, the sixth largest coin based on market cap, is Casino Coin’s closest relative, given that it’s based on Ripple’s technology. CasinoCoin gives online casinos access to a new pool of potential members.

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