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300M in 24 hours: PSG and Juventus lead sports crypto charge

George Miller

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300M in 24 hours: PSG and Juventus lead sports crypto charge
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Yesterday marked a new dawn for crypto in sports as the leading forces in Italian and French football have listed digital assets on three of the world’s biggest cryptocurrency exchanges in partnership with the leading fintech blockchain company Chiliz driving 24 hour trading volumes of $300M.

The digital assets, known as Fan Tokens, for Paris Saint-Germain ($PSG) and Juventus ($JUV) listed on the world’s leading exchange Binance at 07:00 CET, before trading began on major Turkish exchange Paribu at 10:00 CET and top Korean exchange Upbit at 13:00 CET.

At the time of writing the 24 hour volume for $JUV stands at $150M USD, with $PSG at $121M.

The $PSG market cap now stands at $51M. $JUV is at $46M. $PSG price rose by 198% in 24 hours to €32.75, more than 16X the launch price of €2. $JUV rose by 113% to €28, a fourteen-fold increase on the launch price of €2.

$JUV and $PSG are now second and fourth in the list of top performing tokens globally as shown by the leading cryptocurrency data authority. Details on the evolution of $PSG and $JUV since launch can be found here: PSG CoinMarketCap and JUV CoinMarketCap.

The club listings are a result of strategic partnerships with Chiliz, a fintech blockchain company that provides some of the biggest sporting properties in the world with engagement and monetization opportunities through Fan Tokens on the fan influence and rewards app Socios.com.

Paris Saint-Germain and Juventus will be the first of many leading sporting organisations to have their digital assets listed on major exchanges. 18 more leading sporting organisations have partnered with Chiliz to date, including soccer clubs FC BarcelonaAtlético de MadridAS RomaGalatasarayTrabzonsporIstanbul Başakşehir and Esports organisations HereticsNAVI, Alliance and OG. Chiliz have also struck up agreements with the UFC and fellow MMA outfit the Professional Fighters League (PFL). Dozens more top-tier organisations and IPs from sports and entertainment are poised to join the roster of Chiliz partners in the near future. The combined total market cap for all Fan Tokens has now reached $151M. Total 24 hour volume for all Fan Tokens is $300M.

Powered by the utility token $CHZ, Socios.com is one of the most active non-financial, consumer-facing mainstream blockchain products in the world. In just over a year it has been downloaded by more than 370,000 people, over 14m Fan Tokens have been sold, and over 700,000 votes registered on the blockchain. FC Barcelona’s ($BAR) Fan Token Offering sold out in 20 minutes, generating $1.3m, whilst Turkish team Trabzonspor’s FTO generated 5 million TRY in less than 5 minutes.

Alexandre Dreyfus, CEO & Founder of Chiliz and Socios.com said: “We have just taken a major step forward in our vision to tokenize the sports and entertainment industry over the next 5–7 years.

“This is a seminal moment for us, the start of a new trend where the world’s leading sporting organisations will have their proprietary digital assets listed on the biggest global exchanges, generating visibility, liquidity and volume. This new trend will gather pace as more of the world’s biggest sporting properties have their Fan Tokens listed in the near future.

“We will be adding many more partners from sports and entertainment in the years to come who will become part of this digital transformation and our wider global fan engagement and monetization ecosystem.”

Asia

Chinese Police Arrest EOS Gambling dApp Team, Seize $3.8 Million in Crypto

Niji Narayan

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Chinese Police Arrest EOS Gambling dApp Team, Seize $3.8 Million in Crypto
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The Chinese police in the city of Yancheng in Jiangsu province have arrested a group of developers behind a decentralised gambling app on the EOS network.

The Jiangsu police announced that it arrested 15 people and subsequently confiscated 1.3 million units of EOS and BTC that are worth a combined 26 million yuan, or $3.8 million.

The police said this is the first criminal case that it cracked down on that used smart contracts to operate illegal online gambling businesses inside China.

The dApp, called Biggame, allowed players to use EOS smart contracts to place bets on various games such as Dice and Texas Hold’em. Between June 2018 and December 2020, the team behind Biggame allegedly profited from the operations with crypto assets worth 60 million yuan, or nearly $10 million, law enforcement officials said.

The arrest is the latest example of Chinese law enforcement’s wider “Internet Cleansing Movement” that aims to crack down on any illegal online activities, from gambling and Ponzi schemes to telecommunication fraud and money laundering.

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Affiliate Industry

Affilka enters into partnership with ProperSix Casino

George Miller

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Affilka enters into partnership with ProperSix Casino
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Affilka, an Affiliate Marketing Platform developed by SoftSwiss inked a deal with a third-party brand ProperSix Casino. Now SoftSwiss will be providing its state-of-art services to the newly-launched online crypto casino brand.

An affiliate program of ProperSix Casino will be powered by Affilka, providing its users with a unique combination of transparency and functionality including an extremely flexible commissions constructor aimed at optimising marketing expenses.

A new crypto casino ProperSix is entering the market, giving players the chance to play various games online by using their cryptocurrencies. Customers will be able to play with ProperSix tokens or other most known cryptocurrencies, including BTC, ETH and USDT. With the casino having just been launched, 30 new and original games are ready for players from around the world. With many different bonus systems that help achieve the highest payouts, the luckiest players are sure to win big.

Furthermore, after an increasingly effective integration process with Affilka, the client decided to expand the area of cooperation between SoftSwiss and ProperSix by also signing a deal with SoftSwiss Game Aggregator. The project is bound to be fully integrated later in Q2 and will provide ProperSix Casino with a cost-effective, yet very efficient one-stop-shop solution with a wide portfolio of game providers that are constantly replenishing.

Anastasia Borovaya, Product Owner of Affilka commented on this event: “Affilka may be a newcomer among affiliate marketing software providers in the iGaming industry. Yet it keeps on proving itself as a reliable, secure and very strong and cost-effective tool for iGaming operators. We’re super excited to launch this project alongside ProperSix and are looking forward to very productive cooperation!”.

Richard Haverinen, CEO of PROPERSIX OU noted: “ProperSix is proud to announce that it will be collaborating with SoftSwiss Game Aggregator to ensure the best user experience and many more games to get jackpots in. Furthermore, Affilka by SoftSwiss will ensure reliable, safe and trustworthy operation along with high load resistance. The Online Casino is already live, so people are already purchasing ProperSix tokens and getting ready to see if they will be the ones to get the biggest payouts”.

 

 

About SoftSwiss

SoftSwiss is an international tech company supplying widely acclaimed, certified software solutions for managing iGaming operations. SoftSwiss holds a number of gaming licenses, providing a “one-stop-shop” white label casino solution by taking care of all technical, legal, and financial processes on behalf of its customers. The company has a vast product portfolio, which includes an Online Casino Platform, Game Aggregator with thousands of casino games, an Affiliate Platform, and a recently launched sportsbook platform. In 2013 SoftSwiss was the first in the world to introduce a bitcoin-optimized online casino solution. The company has thus been regarded as the leading technical expert when it comes to the use of cryptocurrencies in online gaming.

About ProperSix Casino

New crypto casino ProperSix is entering the market, giving players the chance to play various games online by using their cryptocurrencies. Customers will be able to play with ProperSix tokens or other most known cryptocurrencies, including BTC, ETH and USDT.

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Cryptocurrency

Bitcasino teams up with OneTouch for pioneering Tesla promotion

George Miller

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Bitcasino teams up with OneTouch for pioneering Tesla promotion
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Crypto-led casino operator Bitcasino is launching a headline-grabbing promotion, giving away three Tesla Model 3s to its players as part of a tournament centred around a new title from innovative content studio OneTouch.

The promotion runs between April 19 and July 11, and will reward three lucky players with a pioneering EV worth €58,560. It will feature OneTouch title Live Crash, with weekly qualifiers ahead of three monthly final tournaments.

Live Crash challenges players to cash out of a wager as it gradually multiplies. The longer the player waits, the higher the potential prize, but also the greater the chance of a ‘crash’ that will leave the player with nothing. The game mechanic has already proved popular with crypto-focused audiences.

Tauri Tiitsaar, Director of Casino at the Coingaming Group, said: We’ve worked closely with OneTouch to deliver a creative promotional concept focused on a new game, Live Crash, which features an innovative mechanic which resonates well with our users. A car as innovative as the Tesla Model 3 is a perfect prize around which to centre the promotion.

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