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Cryptocurrency

Guide to gambling with Ethereum in 2020

George Miller

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Guide to gambling with Ethereum in 2020
Reading Time: 4 minutes

 

Cryptocurrencies have become mainstream enough for gambling venues to considering offering options for players to pay via cryptocurrencies and we’ve been seeing this trend mostly in online casinos even though some of the traditional casinos are starting to catch up, offering classic casino table games where players can utilize cryptocurrencies. But with this new trend, there are new challenges, a couple of changes in the way casinos accept payment or offer the wins so it’s important to have a clear understanding of what’s different when gambling with cryptocurrencies, specifically with Ethereum.

The first steps

The step by step process is largely the same as with any regular casinos where you pay with cash, or in case of the online casino, you open up an account, make a deposit and wait for a win. When playing with Ethereum and we will largely cover the online casinos in this article the process is the same and you need to take the same steps, but there are differences in details because we are dealing with a different sort of currency. The process of opening the account will be the same in all online casinos.

One of the perks of online casinos is the easy registration process, but when you are planning to play via cryptocurrencies the anonymity of the payer is guaranteed so you will be playing Anonymous, only needing to write down your address and come up with a strong password in order to start looking for the what sort of deposit you want to make. Now, before you decide to transfer your assets, it is important to make sure that you are dealing with a license, legit online provider because the cryptocurrency industry is still new and in a lot of ways harder to control. It’s more difficult to prevent crime and in case of the wrongful transfer, your assets will be lost forever so it does require way more caution when gambling with cryptocurrencies because the stakes are higher and a lot more things should be considered besides selecting an appropriate amount to gamble on. Before you make the transaction the casino asks that you write down your unique Ethereum wallet address, and then making sure that you transfer the money to the correct casino wallet. According to the ethereum gambling guide on InsideBitcoins the transactions should take no longer than 10 minutes for the deposit to appear on the website and you should be able to start playing right away. Just remember to treat the transaction process with much more attention as to not mess up the wallet number and make sure that your transaction reaches its destination. After that, you should head over to the bonuses section to make sure you claim your rewards. The best option would be to read up about the bonuses even before you registered with the specific casino to be able to choose the one that sounds most appropriate to you.

What’s the difference

In general, when dealing with online casinos do your research read review, whether you will be playing with debit cards or cryptocurrencies. Many of the casinos have outstanding bonuses while others are quite basic and you will probably have to fight a lot to actually get them. Read about the available bonuses beforehand to make sure that you’re getting the best version out there, based on what games you actually want to play in the online casino.

While you might think that since you are paying in Ethereum the games will also go on referencing your assets through Ethereum that would make things rather difficult.

During the games, you will have your assets displayed in USD making it easier to control how much you want to spend and how much you can afford to lose.

When it comes to withdrawals the process is similar. You would usually go to your account info and look for the withdrawal button. The website will ask for your Ethereum wallet information again and just like during the deposits you need to be careful to make sure the information is corrected because if the information is invalid or if it goes to someone else’s wallet there is no getting that money back or tracing where it went. You can select how much you want to withdraw in Ethereum and get your wins in minutes.

When it comes to the game you can play for Ethereum the choices are not limitless but they do cover all the bases. You can play almost any classic card game like blackjack, a variety of poker games, roulette and other more conventional casino games on a lot of websites and make deposits in Ethereum. You also have many options when it comes to video slots which, considering they are one of the easiest casino games to get into no surprise that there are a lot of options here. You can choose from different themes, bonuses and difficulty levels but if you are a fan of video slots you will have no problem finding the right one for you to play using Ethereum. The types of games that Ethereum casinos will offer are largely the same but they might differ in variety considering the crypto casinos aren’t as popular as a regular online casino they also have fewer options but as mentioned above they provide all the basic categories of games. The bonuses in Ethereum casinos work similarly to regular ones as well. For example, the most popular way that casinos grant bonuses is that they match your deposit with a bonus. For example, if you start gambling by depositing 1 ETH, upon the first time the casino will grant you an additional 1 ETH to match the one you’ve invested in the casino. Make sure to check the percentage to which the casino will match your deposit to make sure you’re getting a good deal out of it.

Bonuses

Not much is different between playing with crypto VS playing with regular currency, But considering the importance of those small differences, it still crucial that you know what to treat differently in this particular online casino. The basics of gambling like wagering requirements and time limits to meet those wagering requirements are there. The most important thing you can do to ensure the best experience is to search the information about the provider and to make sure that you are  that has a good reputation.

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Cryptocurrency

COVID-19: Health Workers Battle Amidst Shortage, Crypto-Community Steps Up to Help

George Miller

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COVID-19: Health Workers Battle Amidst Shortage, Crypto-Community Steps Up to Help
Reading Time: 2 minutes

 

The numbers keep rising.

In the 3 months since it was first detected, the novel coronavirus (COVID-19) has infected upwards of 725,000 people all around the world, claiming over 34,000 lives, and counting.

Amidst this global pandemic, healthcare workers are selflessly working around the clock to treat the infected and to contain and prevent the spread of COVID-19. They are our first line of defense in the battle against the virus.

However, this fight is slowly and steadily turning into a “war with no ammo”.

A Critical Shortage of Equipment

Doctors, nurses, and medical workers are reporting a lack of protective gear, including proper masks, medical gowns, and eye gear that serve to protect them from contracting the infection and in turn, spreading it to their families and others.

The situation is dire: hundreds of healthcare workers have been forced into quarantine in the US as the virus gains in strength every single day. Nearly 10% of Italy’s COVID-19 cases are healthcare workers themselves.

However, they still keep fighting the pandemic so that we can stay safe at home. And while at home, some of us are coming up with “novel” ways to support them:

The Crypto-Community Steps Up

FreeBitco.in, a leading bitcoin gaming website and free bitcoin faucet, is spearheading an initiative called the “#ThankYouHealthWorkers” campaign.

On Tuesday, 31st March, between 13:00 – 16:00 UTC, the campaign goes live on their website. FreeBitco.in will donate 20% of the House Edge Revenue earned during the 3-hour donation window to the coronavirus relief fund.

If you’d like to support the masked heroes on the frontlines too, follow the steps given below:

  1. Head over to FreeBitco.in
  2. Create an account in seconds
  3. Click on Multiply BTC
  4. Play the Bitcoin Dice game between 13:00 – 16:00 UTC on 31st March
  5. FreeBitco.in will donate 20% of the house edge revenue earned

The proceeds from this fundraiser will be donated to Direct Relief, an organization that is “coordinating with public health authorities, nonprofit organizations and businesses in the U.S. to provide personal protective equipment and other items to health workers responding to Corona (COVID-19).”

“Anything we do is negligible compared to the sacrifice made by the healthcare workers during this pandemic,” said “wetsuit”, the founder of FreeBitco.in. “We urge the crypto-community to come together and support the #thankyouhealthworkers campaign.”

The threat is real, but so is the sacrifice. Stay home, stay safe, and join the cause by contributing to COVID-19 relief for healthcare workers. Share this article with as many people as you can with the hashtag #ThankYouHealthWorkers. If all of us band together, we could turn the tide against the coronavirus in no time.

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Blockchain

Investor Procedures On Swap, Consolidation And Staking Options

George Miller

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Investor Procedures On Swap, Consolidation And Staking Options
Reading Time: 2 minutes

 

 As announced on March 8th, 2020, Quanta is now ready to release the set of procedures to investors.

Swap into QNTX and Choose Staking Option
If you hold QNTU tokens and wish to either swap and/or stake them, do not sell your QNTU tokens thru your Crypto Exchange by May 1st, 2020. Use these steps to swap into new QNTX tokens prior to May 1st, 2020 at the ratio of 20,000 QNTU for 1 QNTX but note that these tokens cannot be redeemed until September 2020 or thereafter. Staking bonus and maturity will be 100% for 2Y, 50% for 1Y, 25% for 6M, 15% for 3M and 10% for 1M. Know Your Customer (KYC) will be performed before new QNTX tokens will be released for trading on or after September 1st, 2020.

Steps

  1. Go to http://swap.quantapay.io/
  2. Choose language by clicking country flag for ENG/JP
  3. Register for new account or login as existing account holders
  4. Complete registration details
  5. Login with your email address and password
  6. Transfer your QNTU tokens to your new wallet address no later than May 1st, 2020
  7. Choose to only swap or to swap & stake for different maturity to receive token bonus
  8. Receive new QNTX tokens after KYC and token issuance
  9. Trade QNTX on or after listing date of September 1st, 2020

If you’re encountering problems or have any queries, you may contact Quanta token support group at [email protected]

No Swap or Staking
If you do not wish to swap and/or stake, please sell your QNTU tokens thru your Crypto Exchange no later than final trading date of May 1st, 2020. If you sell your QNTU tokens, you will not receive any QNTX tokens and no staking benefits.

Royalties
Wallet addresses are being compiled for eligible token holders who will receive their ETH royalty payments in June 2020.

 

About Quanta:
Quanta is a pioneer in the development of blockchain solutions for gaming. In 2017, the company launched the first licensed blockchain lottery, fully utilising blockchain together with its NMI-certified random number generator, Randao, which is entirely built and operated on blockchain. Quanta’s utility token, QNTU trades on six renowned cryptocurrency exchanges including HitBTC and Bit-Z.

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Cryptocurrency

Kronoverse to Forge New Paths in the esports Industry Through Partnership with ESL

George Miller

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on

Kronoverse to Forge New Paths in the esports Industry Through Partnership with ESL
Reading Time: 2 minutes

 

Kronoverse Inc., today announced a partnership with the world’s largest esports company, ESL, to develop and scale Kronoverse’s upcoming CryptoFights game and the entire Kronoverse gaming platform.

“ESL knows what it takes to succeed in the ever-growing esports industry as the oldest and most successful esports company in the world,” says Adam Kling, CEO and founder of Kronoverse. “We’re confident our partnership with ESL will enable us to fully develop the Kronoverse platform. This includes everything from attracting more indie game developers to solving problems in competitive gaming such as cheating.”

ESL will serve as a strategic partner and facilitator in Kronoverse’s growth. Kronoverse was created by Kling when he recognized the power of the blockchain and how it can be used in gaming to solve problems in the gaming industry. Kronoverse seeks to elevate the esports industry through native cash tournaments, better game integrity, true item ownership, more game choices, and transparent network analytics.

As a gaming platform, Kronoverse will benefit greatly from ESL’s history of providing the best experiences for competitive players. ESL understands what it takes to put on the greatest competitions for esports athletes like hosting ESL One Cologne, the most successful CS:GO tournament in the world.

Kronoverse’s partnership with ESL opens up a new world of possibilities to forge new frontiers in the wild west of esports. This is possible thanks to ESL’s experience and dedication to competitive gaming for nearly two decades. As exemplified by building VR esports from the ground up, ESL has proven its ability to evolve with new technologies while consistently providing the best esports stages and competitions for gamers.

“We’re excited to move forward with ESL because we share the vision of creating opportunities for progression and participation in the esports industry,” said Kling of Kronoverse’s development partnership with ESL.

 

About Kronoverse

Founded in 2018, the Kronoverse platform is creating a new world of competitive gaming by combining blockchain technology with online gaming. Built on Bitcoin SV, Kronoverse is a monetization & technology platform that helps game developers thrive in the fast-growing esports industry. Kronoverse is developing unique solutions for the esports industry related to game integrity, permanent match playback, player audit trails, and player screening to create a new form of competition that makes esports more accessible for gamers around the world. In January 2020, Kronoverse completed its second round of beta testing for its first game CryptoFights, a skill-based strategy fighting game.

About ESL

ESL is the world’s largest esports company. Founded in 2000, ESL has been shaping the industry across the most popular video games with numerous online and offline esports competitions. The company operates high profile, branded international leagues and tournaments under the ESL Pro Tour including ESL One, Intel® Extreme Masters, ESL Pro League, and other premier stadium-size tournaments, to more clearly define the path from zero to hero. ESL also produces the ESL National Championships, grassroots amateur cups, and matchmaking systems, creating a world where everybody can be somebody. With offices all over the world, ESL is leading esports innovation on a global scale through the combination of global ESL competitions, amateur leagues, publisher activations, and more. ESL is a part of MTG, the leading international digital entertainment group. about.eslgaming.com

 

SOURCE Kronoverse

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