Cryptocurrencies today are firmly integrated into the online gambling industry. The rampant introduction of electronic peer-to-peer payment systems in this area began a couple of years ago, and before that there was only a small number of gambling services. This is due to the fact how much work is burdened by such services using the traditional banking system. Cryptocurrencies as a digital means of payment do not require the provision of personal data, allow payments to be made much faster, do not limit the amount of the transaction, significantly reduce the lower threshold of payments.
Many professionals in this field, including the owners of large gambling services, predict that in the near future cryptocurrencies will completely absorb the online gambling industry. This is due to the fact that, in addition to the above features, cryptocurrencies and blockchain technology weaken the influence of regulators. They make their role less and less relevant for gambling services, freeing them from the impact of various government decrees, including those that block payment systems.
The advantages of cryptocurrencies for the gambling industry are obvious, and more and more major players in this market are beginning to consider the use of this digital means of payment within their services on a permanent and mandatory rather than optional basis. Such a trend could not but lead to the emergence of various projects in this area. For the most part, these were ICO projects entering the market with another idea that requires financing through the sale of tokens, most of which did not even reach the placement on the exchanges. And the projects themselves had nothing, including no working product. But all this does not apply to the AzartPay project, the creators of which really implemented something new for this industry.
The first thing that is important to note is that this is not an ICO project. The creators did not hold any crowdsale or the main stage of the sale. Moreover, their cryptocurrency Azart is not a token, but a coin with the possibility of mining and masternodes, which is already actively traded on several exchanges. Thus, the founders fully carry out independent financing of the project, are engaged in its development and constantly update the product, posting all the latest news on their pages in social networks. The official website of AzartPay presents a road map, after studying which it becomes clear that the developers carry out all work on the project in strict accordance with the declared action plan.
If we talk about what the creators of the AzartPay project are implementing, it is a decentralized platform on an independent blockchain with its own cryptocurrency Azart, with an open API for the integration of gambling services. It is worth noting that there are few projects in this area that use blockchain technology. But it will make the gambling process more open and honest. The AzartPay platform provides an opportunity to apply the features of blockchain technology in the field of gambling.
AzartPay will attract the attention of many existing services and players in the industry. For partner services that will be connected to the platform, there is a condition to reduce or cancel the Commission charged to players at each bet — “House Edge”. The creators seek to reduce the advantage of gambling services over gamblers within the AzartPay platform. In this way, they plan to attract a large number of players to the gambling services of their partners. Favorable terms of cooperation, in turn, will interest gambling services to connect to the platform. For these purposes, a special “system of motivation of partners and users” has been developed, the work of which will be implemented with the help of a network of masternodes. This system will serve as an additional incentive for the use of the AzartPay platform by both users and partner services.
Azart cryptocurrency: Features and capabilities
As noted above, fees and rates within the platform AzartPay will use cryptocurrency Azart. What is important is that Azart is not a token, but a coin on the X11 algorithm, which can be purchased on one of the exchanges where It is traded (CryptoBridge, Stocks Exchange, CREX24), or mined. In addition, anyone with 10,000 coins can install a masternode and receive income from its work. Azart masternode statistics is available on the MNO service website. Thus, by purchasing the Azart cryptocurrency, it will be possible not only to use the platform’s partner services, but also to earn on mining and masternodes.
Over the past few weeks, the exchange rate and trading volumes of the Azart cryptocurrency have increased several times. The number of miners and holders Of Azart masternodes is increasing every day. In October this year, the project team plans to connect the first crypto-casinos, as well as continue to develop its own gambling service, which will be launched in early 2019. All the details about the plans and current news of the project you can learn from the Discord and telegram communities, or by subscribing to the official Twitter of the AzartPay project.
Separately, we note that recently the creators of the project launched a very conservative, but interesting bounty campaign. Yes, they have not allocated for these purposes a huge number of coins. At the same time, the Azart coin has long been traded on exchanges and has its value, which increases every day due to the popularization of the project. This is the difference from many ICO projects that allocate a lot of tokens for these purposes, which subsequently have no value or do not get to the exchanges at all. Join the AzartPay community now, and for the support of the project from your active pages in social networks, you can get Azart coins by taking part in the bounty campaign.
Whitepaper: https://github.com/azartpay/azart/blob/master/azart-docs/whitepaper_v2.pdf
Website: https://azartpay.com/
Discord: https://discord.gg/CMfKaNb
My BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=1857893
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://coinsiq.com/blockchain-technology-in-gambling-new-azartpay-platform-with-its-own-cryptocurrency-on-x11-algorithm-is-launched/
Congratulations @leon1211! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @leon1211! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Congratulations @leon1211! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!