The gambling industry is a multi-billion dollar industry with millions of people employed within the sector. It's has grown in leaps and bounds with high prospects and have attracted investors from every corner of the world.
The gambling industry has continued to maintain a stable growth rate. In 2017 the gross win of the global gambling market was estimated at about 465 billion U.S. dollars and this figure has doubled since 2001 with a forecast to grow even more.
Las Vegas Sands is the largest casino company worldwide. Founded in Nevada in 1988, the company has generated around 9.7 billion U.S dollars in revenue from it's casino business segments in the U.S. and Asia in 2016.
This Incredible financial achievement and prospect have provoked a huge surge of investment but with a persistent problem associated with transparency. RA Entertainment Inc believes that if a structure is provided to offer transparency and security to the gambling industry, there will be increased success. The RAcoin is developed to this virtue to offer transparency and security using blockchain technology.
About RAcoin
RAcoin is a cryptocurrency project developed by RA Entertainment Inc to serve as the global payment gateway for gambling industry. It's is built on the Blockchain with smart contracts enable me to to ensure safety and transparency in transactions online. The aim is to have it adopted by most gambling companies in the world as its utility token for transactions for all gambling activities online and offline.
RAcoin will be integrated as a payment method in online casinos and offline casinos operated by RA Entertainment Inc. by June 2018. RAcoin will also be integrated with two leading European gambling and betting platforms which RA Entertainment Inc. has secured agreements to partner with.
“Palau World” — a luxury casino and hotel that will be built on Palau Island by RA Entertainment Inc. will commence towards the end of 2018 and it's the proposed place where bet and gambling enthusiasts will pay for every gambling activity with RAcoin. Furthermore, the RAcoin team is working on increasing its partnerships network in order to have at least 10 casino and hotels accepting RAcoin by the end of 2019.
What Does RAcoin Offer To Investors & Holders
- Transparency is a core feature of the RAcoin. Members can easily monitor and conclude transactions safely.
- Holders have the advantage of paying for any service or good including casino chips in tokens with excellent discounts.
- Holders can participate in the RA Entertainment Inc Jackpot program.
- Free and exclusive services available only for token holders.
- Low withdrawal and commission fees for holders transacting within the RAcoin ecosystem.
RAcoin Token
RAcoin is a 100 percent ERC 20 standard utility token backed by Ethereum Smart Contracts and is the primary unit of transaction on the RAcoin ecosystem. It's designed to become the primary transaction tool for online betting and gambling within the industry.
Token Ticker: RAC
Token Price: 1 ETH = 100,000 RAC
Token Type: ERC20
Accepting: BTC, ETH
Minimum investment: 0.1 ETH
Soft Cap: 2,000,000,000 RAC
Hard Cap: 8,000,000,000 RAC
In Summary, the mission of RAcoin is to plug the transparency problem in the Gambling industry and it is poised to salvage the industry by providing a technology that can be globally accepted because of its security and trust system.
For more information on RAcoin, visit the links:
Website: https://racoin.io/
Whitepaper: https://racoin.io/pdf/racoin_whitepaper_eng.pdf?ver=20180329
ANN thread: https://bitcointalk.org/index.php?topic=3177504.0
Telegram: https://t.me/racoinnews
Facebook: https://www.facebook.com/RAcoin-1348409231971565/
Twitter: https://twitter.com/RAcoinNews
Writers name: Prodon
Bitcointalk Profile:https://bitcointalk.org/index.php?action=profile;u=2084730
Fascinating write up. Projects like this will drive mass adoption of crypto
Interesting article... I myself place bets on my favorite teams now and then.... This should be huge.