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Archive for December, 2017

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    admin | Friday, December 1, 2017 Comments Off on DeClub Macau wants to build the world’s Original blockchain casino

    DeClub Macau wants to build the world’s Original blockchain casino

    DeClub Macau Would like to build the world’s Earliest blockchain casino

    A new venture was formed that may observe the introduction of the next generation of all casinos. DeClub, a casino management firm out of Macau, has joined with Malta-based investment firm Wide Rich worldwide Company to bring blockchain and gambling closer together.

    According to a company press release, DeClub suggests that Wide Rich wants to buy the gaming business to construct the”world’s first blockchain-based casino gaming hub with completely integrated online and land-based casinos.” To fund the purchase, Wide Rich is offering an initial coin offering (ICO), that it expects will allow it to attract up to $1 billion.

    At a white paper about the project, Wide Rich states,”The tokenization of processors, casinos and their encircling entertainment service providers are going to be able to build a pan-gambling business ecosystem collectively, to ensure individuals with varying business requirements — in tourism, to business meetings, to purchasing — can all gain easy and cost -effective access to personalized and prestigious services in their mobile devices.”

    Throughout the ICO, Broad Rich will issue the”DEC” token, providing buyers rights to sponsor and invest in cash lending pools. At exactly the same time, DeClub will offer its token, the”NNC,” which are stablecoins that may be redeemed as a way to cover goods or services at casinos.

    Macau has a rather rigorous anti-ICO policy. The Monetary Authority of Macau prohibits banks and other financial institutions from providing services to any entity in the crypto industrynonetheless, private-sector ICOs aren’t included in the ban.

    This isn’t the first time that someone attempted to combine crypto with casinos. Dragon Corp introduced an ICO at 2017 that sought to raise $500 million to its Dragon Coin, a part of which was to be used to build a floating casino. Those plans, however, never made it off the dock following the main contractor backed out.

    There is no reason to expect this latest project to progress, either. Earlier this year, Macau’s gambling regulator said that cryptocurrency wouldn’t be accepted as a means of money in Macau. If Broad Rich wants to find out their project achieve success, they’ll need to discover a different place, or risk the fury of more than several investors once the project stalls.

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