Gambling is the act of making a bet with money or something value in form of stakes in an event for the sole purpose of winning. as old as humanity is, gambling has always followed side by side because there are always people gathering together to make bets. In today's world, the gambling industry is one of the top profitable pieces in the world's economy making steady growth.
As the years run by, it has become a very lucrative business, giving casinos high revenues with hefty profit margins. From 2001 up till date, the yield from gambling has doubled tremendously but online gambling has not consumed the "traditional brick and mortar casino revenue."
Rich and powerful financial investors have come to a conclusion that gambling can secure a steady financial growth especially with the results in the Return of Investment (ROI) figures. In an attempt to avoid 'oversupply' which often ends in recession, some folks dive into different gambling strategies that are hidden to avoid the law.
For free and convenient participation, online gambling is seen to be the most suitable although it lacks transparency and that is where RAcoin comes to play with blockchain technology. We rarely see blockchain technology being applied in the gambling industry but casinos that adopt this technology are steadily increasing. RAcoin offers something even better to help satisfy the needs in the gambling industry.
What is Blockchain?
Blockchain is a digital ledger where transactions carried out from Bitcoin or other Altcoins are safely recorded in a sequential order according to time and a distributed across nodes in a decentralized pattern in the peer to peer network. With decentralization, blockchain can be accounted for transparency and security.
RAcoin adopts the blockchain technology by infusing a decentralized blockchain based platform known as Ethereum, this platform runs on a smart contract application which verifies the integrity of a contract. its is flexible and completely transparent.
Traditional Gambling vs Blockchain Gambling
In the traditional gambling using onling gambling as an instance, the users or players are blind to what actually happens at the back end. There is no transparency and the system is defenseless because the game runs how the third party server wishes it to go leading to users doubting if the game was indeed fair.
With blockchain, internet gambling is very transparent and decentralized allowing for free and fair gambling.
This is why you should team up with RAcoin to help extend the blockchain technology and give users a better understanding. Here are some benefits for using RAcoin;
- Users will be able to gamble freely expecting with lower fees for withdrawal and also chose their choice of payments.
- Users will have a better understanding of the crypto economy and blockchain technology.
- There will be no frauds with the use of smart contracts.
- Holders of the RA token will have the right to gamble with it.
- Holders can pay for any service at a discounted rate.
- Players have the actual opportunity to participate and win jackpots.
- Each time RAcoin is used as a mode of payment, a reward would be issued.
The advantages of investing in RAcoin are endless.
THE RA WALLET
Using the RA wallet, customers can trade with fiat money and win free RAcoins and even participate in lottery games. The wallet supports coin to coin trading, cryptocurrency withdrawal and most of all users can even bet at sporting events. This is the first of its kind.
TOKEN SALE
RAcoin sale is in two stages; the pre-sale has already being conducted and the public sale end on May 28th, 2018. RAcoin is issued on the Ethereum platform.
Token name: RAcoin (RAC)
Total supply: 20,000,000,000 RAC
Price: 100,000 = 1 ETH
KYC/WHITELIST: YES
Useful links
Website: https://racoin.io
Whitepaper: https://racoin.io/pdf/racoin_whitepaper_eng.pdf?ver=20180523
Reddit: https://www.reddit.com/user/RAcoinNews
Twitter: https://www.twitter.com/RAcoinNews
Facebook: https://facebook.com/RAcoin-13484092319715651
Telegram: https://t.me/racoinnews
Ann thread: https://bitcointalk.org/index.php?topic=3177504
Author: FumBerry
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1820253