Connect with us
SIS

Cryptocurrency

CashBet obtains license in Isle of Man

Niji Ng

Published

on

Reading Time: 1 minute

CashBet has obtained a full-fledged license from the Gambling Supervision Commission (GSC) in Isle of Man, allowing it to operate as a fully licensed cryptocurrency-enabled iGaming business.

From the start, CashBet has taken gambling regulation and compliance very seriously. Since 2013, CashBet has been licensed by the world’s most reputable online gaming jurisdictions: the Alderney Gambling Control Commission (AGCC license numbers 116c1 & 116c2) and the UK Gambling Commission (UKGC license number 39620).

We are committed to upholding the principles set forth by these esteemed bodies to provide a fun, safe, and responsible gaming experience for all who use our gaming products.

The securement of our Isle of Man license is a key milestone in realising our vision to become the world’s best crypto-enabled iGaming platform and content provider. Look for more great news to come soon, including an official announcement about the status of our new license.

Source: medium.com

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

Continue Reading
Advertisement
Comments

Cryptocurrency

The KamaGames Token Sale

George Miller

Published

on

The KamaGames Token Sale
Sam Forrest, Director of Global Communications & Content at KamaGames.
Reading Time: 3 minutes

 

The observations and the learnings of testing cryptocurrency in gaming

 

On the back of a year consumed by blockchain, in 2018 DMR Business Statistics predicted that by 2020 the industry will be worth a projected value of $60 billion. Within gaming alone, cryptocurrency has been hailed as the answer to making in-game transactions easier and safer, with the potential to bolster engagement and attract new users.

In recent years, brands such as PayPal, Red Bull and Swarovski have opted to utilize tokens to gain marketing insights from audiences or as a tool to reward employees for their innovation. Payments giant, PayPal, has yet to embrace blockchain technology on its commercial platform, however, online tech site Cheddar recently reported that the company has launched a program which will now reward employees for their innovation with crypto-tokens.

In gaming, a number of small companies have tried to implement real money online gambling with cryptocurrencies to avoid licensing and working with banks, which is of course illegal. Some companies have also been trying to build their own games stores with the goal of reselling the games and in-game assets, as well as offering their own loyalty, rewards and advertising schemes. All of which would be based on their own internal cryptocurrency/token.

Social messaging company, Kik, has previously used cryptocurrencies as a rewards-based system to encourage interaction within its community. However, recently the company turned its attention to mobile gaming, announcing a partnership with Unity Technologies that will see the cryptocurrency, Kin SDK for Unity, available on the Unity Asset Store. As a result of the collaboration, Unity developers can easily integrate Kin into their mobile games, enabling them to create user experiences that reward social interaction and create ‘stickier’ social networks, while keeping users playing through peer-to-peer experiences.

KamaGames, carried out a token sale in the latter half of 2018 but unlike other companies who participate in token sales, the move into crypto/blockchain had little to do with money. We didn’t attempt to attract the interest of investors or their financial backing. Nor did we look for speculations related to our token and never intended to list it on any of the crypto exchanges.

Instead, the sale was our opportunity to ‘test the waters’ of the blockchain industry and discover if the demand for purchasing tokens is as widespread as we were being led to believe. Also, it would answer the question of who a token sale would satisfy should we choose to repeat the practice – would it be the players across our flagship app Pokerist or simply a small but decidedly vocal minority?

Other area of focus for the company was that we also wanted to increase player retention and loyalty, as well as revenue. The aim was to offer an interesting promotional event, while attracting a new type of audience and re-engaging our lapsed players. The token was built so that the players would stay with the app, hold tokens and receive bonus chips on a daily basis. The token to in-game virtual chip rate would grow by 25% every month and holders would also receive additional daily bonuses for the first 6 months.

Unfortunately, similar to many other tokens tracked throughout 2018, we found our token sale results to be less than our most pessimistic projections. We also discovered that there would be little sense in developing a social casino product on the blockchain considering the priority for most social casino players is simplicity and speed. Blockchain doesn’t add to any of those.

Aside from this, a further hindrance to the technology’s success in the gaming sector is caused by the lack of a blockchain capable of handling the volume of transactions which occur on apps similar to Pokerist on a daily – a volume that is somewhere in the region of 1.5 million transactions per minute.

Finally, we are very proud of our certified RNG (random number generator) and at this point there are a lot of unanswered questions associated with its use on the blockchain. The main concern being that it could make the RNG more predictable which of course defeats the object.

It’s apparent from the recent innovations of PayPal that tokens do have the potential to be effective as a rewards-based system, however, following our own KGT sale, the question still stands when it comes to their value on social gaming platforms.

While the conversations around blockchain and cryptocurrencies won’t disappear anytime soon, our own experience tells us that they may not be widely adopted by the gaming industry in the near future.

KamaGames is the largest European social mobile poker operator and one of the fastest growing independent operators in the world.

Continue Reading

Cryptocurrency

Bitcoin Sportsbook – a different kind of betting

Zoltan Tundik

Published

on

Photo by David McBee from Pexels
Reading Time: 2 minutes

 

With the recent launch of Sportsbook, the online cryptocurrency casino FortuneJack has introduced a new betting experience like nowhere else. The widest selection of sports, top world leagues and international competitions, numerous positions, and unique features, all available through a user-friendly interface that allows you to multiply your btc base seamlessly.

What makes Sportsbook the best choice for online btc betting?

The quality of any service depends on the options that particular service has to provide to its users. Bitcoin Sportsbook, that has it all, Soccer, Basketball, Football, Tennis, Volleyball, offers more than any other betting platform online. Loads of pre-match and Live bets are waiting for you to make your pick and draft your winning bet slip. The Live tracker feature allows you to monitor the progress of an event and make an informed decision that will scale your chances of winning.

Unique features like Partial cashout, Auto cashout, and Save draft bet slip allow you to stop your bet slip while you’re winning, cashout a preset amount of btc, or even save a draft of your bet slip until the odds are fully in your favor and place your bet when ready. There is no better way to raise your chances of winning than using some of these amazing features.

User-friendly interface allows smooth navigation through Sportsbook

Not everyone can find their way through an online environment, especially one with so many options. Nevertheless, FortuneJack’s btc betting platform features a slick and user-friendly environment, designed to allow seamless navigation even to a novice player. Each player can customize the display of odds which could be set to Decimal, American, or Fractional.

The History tab allows you to keep track of your betting history, including active bets, wins, and losses. Moreover, you can also keep track of your overall cashout sum, as well as individual cashout history with an option to filter daily, weekly, and monthly progress. It’s an easy way to analyze your success and use that information to increase your chances for future bets.

My Drafts tab allows you to manage your drafted bet slips and analyze them until you decide to place your bet. This is also a place where you can delete a draft bet slip in case you change your mind or the events get canceled or otherwise unavailable.

A quick overview of Sportsbook betting rules

No game is fun without some rules, the same goes with Sportsbook btc betting. The minimum bet amount is 0.1 mBTC for all events both pre-match and Live. When it comes to maximum cashout amount, the most you can win on a single bet slip is 10000 mBTC.

Conclusion

Sportsbook provides more fun and more events than any other platform and aims to keep the players as happy as possible. There are so many excitements waiting for you with FortuneJack’s latest attraction, so don’t hesitate to take your chance with Fortuna right now.

Continue Reading

Cryptocurrency

Tapinator Launches Crypto Themed Mobile Game Exclusively on iOS

Zoltan Tundik

Published

on

Reading Time: 2 minutes

 

Tapinator, Inc., a publisher of category leading apps for mobile platforms, announced the global release of Crypto Trillionaire exclusively on Apple’s iOS platform. In order to bring this unique, best-in-class idle tapper game to mobile players worldwide, Tapinator has joined forces with the game’s developer, Robot Cake Games of Hannover, Germany.

Following its initial global launch on iOS, Crypto Trillionaire was featured by Apple as a “New Game We Love,” in 152 countries, including the United States. To-date, Crypto Trillionaire has achieved the following iOS metrics:

  • Nearly 250,000 player downloads
  • Excellent rating of 4.7 (out of 5.0) stars, based on over 4,000 player reviews
  • Reached #3 Top Strategy Games in the United States
  • Reached #89 Top Grossing for Strategy Games in the United States
  • Achieved #1 organic search result for the term “Crypto” within the App Store

Tapinator’s CEO, Ilya Nikolayev, commented on the games release, “We achieved a very successful initial global launch with Crypto Trillionaire on iOS and we plan to invest significantly in future product updates and marketing with the intention of making Crypto Trillionaire a true category leader within the idle tapper genre across all major mobile platforms. The player response to the game has been fantastic and we are seeing solid metrics for both retention and ABPDAU (average bookings per daily active user). The idle tapper category has shown to support top grossing games with multi-year lifespans. We look forward to game enhancements that we expect will continue to improve player engagement and lifetime value, thereby allowing us to scale up our user acquisition budget. While it is still extremely early in the game’s lifecycle, based on what we have seen thus far, we believe Crypto Trillionaire will have a material positive impact on our 2019 bookings results.”

Crypto Trillionaire is the first of several planned major releases for Tapinator’s Category-Leading Games & Apps business for 2019. Future releases will be announced in the coming months.

About Tapinator

Tapinator Inc. (OTCQB: TAPM) develops and publishes category leading apps for mobile platforms. Tapinator’s library includes over 300 titles that, collectively, have achieved over 450 million mobile downloads, including notable properties such as Video Poker ClassicDice Mage and Solitaire Dash. Tapinator generates revenues through the sale of branded advertising and via consumer transactions, including in-app purchases and subscriptions. Founded in 2013, Tapinator is headquartered in New York, with product development and marketing teams located in North AmericaEurope and Asia. Consumers can find high-quality mobile entertainment wherever they see the ‘T’ character logo, or at http://tapinator.com.

Crypto Trillionaire is a mobile app game developed solely for entertainment purposes.  It does not allow players to purchase, accumulate, trade, or otherwise transact in actual cryptocurrency or crypto-assets of any kind.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.