1 / 2

A Macau-Based Firm is Looking to Construct World’s First Blockchain-Based Casino

A Macau-based company headed by Kennis Wong, a former Jimei International CEO is a part of the project to increase $1 billion by means of Initial Coin Offering, in order to fund a blockchain-powered casino gaming club.

xnews
Télécharger la présentation

A Macau-Based Firm is Looking to Construct World’s First Blockchain-Based Casino

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. A Macau-Based Firm is looking to Construct World’s First Blockchain-Based Casino A Macau-based company headed by Kennis Wong, a former Jimei International CEO is a part of the project to increase $1 billion by means of Initial Coin Offering, in order to fund a blockchain-powered casino gaming club. De Club International Firm of Macau, in a whitepaper, wrote in its site said it hoped to make “costly and lengthy payment processing between fiat currency and chips, and also the general lack of trust in the casino gaming industry… a former thing.” As per the De Club’s plan, a Malta-based firm known as Wide Rich Global Company Limited will issue 20 billion ‘DEC’ tokens that will fund the acquisition of De Club, which will then “procure a Macau junket promoter license and different land-based casinos, “not restricted to the ones in Macau. 35.5% of the funds raised might be for such casino acquisitions and licensing. The firm stated that DEC will be a cash-backed token and be convertible to different fiat currencies. The white paper read, “DEC and its related stablecoins

  2. will fuel the first ever online casino which has seamless integration to land-based casinos. The prototype of the tokenized online casino is projected to roll out in 2019 beginning.” The pre-sale for the tokens initiate on 15 November. Though, DEC is said to be “based on Ethereum and conforming to ERC-20 standard, “De Club said that it will look at the options in case Ethereum network congestion drags the transaction speed to an intolerable degree. Bitcoin Cash is one of the virtual currency on which tokenization is being discovered by blockchain research and development organization nChain. The DEC App is projected enable for token holders for hosting their own games online. The whitepaper read, “We will design a committed mechanism so that DEC holders can crowdfund by means of smart contracts and earn money from such licensed and regulated table games as hosts.” Before the ending of the year 2020, De Club hopes to attain an offshore bank “so that we can have a more rationalized fiat currencies payment network within the DEC environment.” Source: https://xnews.io/a-macau-based-firm-is-looking-to-construct-worlds-first- blockchain-based-casino/

More Related