Blockchain gambling machine placed in the land-based casino

In the network appeared news that one of the offline casinos has placed a test model of the world’s first slot machine, fully working on blockchain technology. The futuristic style terminal developed by SmartPlay.tech represents the hardware realization of classical European roulette table.

Many online casinos have already switched to cryptocurrencies and invest millions of euros in the rapidly developing bitcoin market. For example, the PlayAmo platform spent $ 2.5 million to expand its services to include bitcoin payments offering attractive promotions and bonuses to its customers.

According to the international analytical resource TheBitcoinStrip, about 60% of the current transactions in the Bitcoin network are occupied by gambling bets, and the number of transactions made by gamblers per second has exceeded the mark of 337.

Such popularity of the cryptocurrency in gambling is caused by the absence of additional commissions, security of funds and unlimited withdrawals. But can the appearance of bitcoin completely reverse the view of how we used to see the casino?

The SmartPlay.tech company answered this question, challenging the traditional gambling. “In order to completely revolutionize the gambling industry, it is necessary to integrate new generation technologies such as Blockchain and Lightning Network, which will make casino activities more profitable for the operator and attractive to the player. We have a technical solution based on the ready-made software, which we can offer to big players in the offline market in the form of full-fledged equipment. ”

The project team has already announced its intention to launch a full line of new SmartBox machines, to which other games can be connected, for example, online slots, blackjack, bingo or poker. Now the company is at the stage of negotiations with the game design studios and slot machines developers. For the purpose of expanding the presence in the market is undergoing the process of legal registration of project activities.

The basic configuration of SmartBox machine includes a touch screen gaming table, a terminal for depositing fiat money, and a QR scanner for connecting cryptocurrency wallets. The gambling software is developed on the technology of blockchain, which has been successfully tested in SmartPlay.tech products. In particular, a model of operational efficiency which ensures that casino profits are always higher than its costs by optimizing transaction commissions to a minimum market price of a few cents was proved in practice.

The first sample of the machine has already been put on closed testing in a land-based casino in order to measure the performance indicators of blockchain technology in the real economy of a gambling establishment. Within the testing it is planned to obtain actual data, including game time, average spending, turnover, number of players, and also make a portrait of the target consumer. In the case of a successful experiment, mass production of full-fledged SmartBox machine will be launched.

“SmartBox looks pretty reliable and I can see the technology is going forward, so I give my thumbs up and hope everybody can join as well,” says Philipe Comini, CEO of the Gimmer project, an algorithmic trading platform for Bitcoin and other cryptocurrencies, “it’s a very revolutionary technology introducing the blockchain on gambling, and I’m really watching for SmartBox.”

The preliminary success of the decision is conditioned, among other things, by the doubtless benefits for the casino. After all, the gambling establishment significantly reduces the cost of maintaining staff, automating the processes with the help of smart contracts. SmartBox does not need an accountant, a cashier, or a croupier, which saves large structures at least $ 200,000 a year. By saving money, the casino will be able to pay higher winnings, attracting a greater flow of visitors.

Now in the course of closed testing, players do not spend real money and do not receive real rewards. However, after the full-scale launch of SmartBox, bets and winnings will be available not only in cryptocurrencies, but also in shares of SmartPlay.tech in the form of RLT tokens.

By the way, RLT is automatically added as a bonus to each bet made regardless of the outcome of the game. Thus, each player becomes a partner and gains profit from the growth of the company’s capitalization and the cryptocurrency rate.  At the moment, SmartPlay.tech has already paid more than $ 300,000 to players, and the rate of the RLT token, which is traded on the LiveCoin exchange, just the day after the announcement of the SmartBox launch increased by 7 times.

As for the market share claimed by SmartPlay.tech, the game market volume is 88% in land-based casino versus 12% for online platforms. This means that the launch of the world’s first slot cryptomachine and RLT tokens have great prospects compared to analogues on the online casino market.

Betex Blockchain P2P Platform Brings Transparency to the Binary Options Market

The market of financial derivatives, including binary options, has always been an attractive one for many people willing to earn money. However, due to the shady schemes and scams, the binary options have lost their reputation and have even been banned in some countries. Now, as the blockchain technology is gaining momentum, many fields are experiencing a rebirth. And this is exactly how Betex is bringing a revolution to how the binary options work. 

Betex Binary Options Platform: How It Works?

Betex is a blockchain peer-to-peer platform for transparent financial derivatives trading. Contrary to the shady traditional models, Betex uses the blockchain technology to keep all the information public and maintain the equal conditions for all the players. Within Betex, users bet against each other, which is recorded in the blockchain, where everyone can have access to. The rates are taken from several liquidity providers/exchanges. Thereby, the platform is not able to manipulate results. 

Thanks to the smart contracts, users do not need to make deposits or wait for the payouts. The bets are made directly to the smart contract, and the payouts are instant to the users’ ETH wallets. 

Finally, users will be forming one shared liquidity pool for each asset, instead of creating multiple ones. 95% of funds are distributed among traders who make correct assumptions, while Betex charges only 5% commission. 

To vividly show the advantages of the common liquidity pool, Betex has already launched 2 MVPs in the test net: https://Betex.io and https://GoBet.io.

How Betex Can Be Profitable? 

Being transparent and provably fair, Betex is creating a win-win solution for traders and brokers. Traders can constantly earn by correctly indicating the short- or medium-term trend in the price change of the asset. The size of the trader’s reward is limited only by the volume of the general pool of rates and the ratio of the number of bets to each of the outcomes. 

Brokers receive a 2% commission of the total amount of their users’ bets. The larger the turnover, the more earnings a broker gets. Thereby, the white label mechanism provided by Betex allows to quickly set up the platform under their own name, as well as get technical support. 

The last but not least, investors in Betex can also profit from the exchange through participation in its ICO.  

Betex Token Sale Details

To raise funds for the platform’s development and promotion, Betex is holding an ICO campaign and selling BETEX tokens. 2.5% of the platform’s turnover will be distributed among the BETEX tokens holders, according to their investments. 

Betex pre-sale is held in 2 rounds, one of which is already live. Tokens will be issued in accordance with SAFT agreement after the pre-sale, once they are generated and registered. The details of the pre-sale can be viewed below:

Start of pre-sale round 1:

04.12.17 at 14:00 GMT

End of pre-sale round 1:

08.01.18 at 14:00 GMT or 500,000 of BETEX tokens are sold out

Pre-sale round 1 BETEX token price:

$2.00 Max amount of tokens to be sold: 500,000 out of 10,000,000 (5%)

Pre-sale round 1 hard cap:

$ 1,000,000

Min purchase amount:

15,000 BETEX

Start of pre-sale round 2:

10.01.18 at 14:00 GMT

End of pre-sale round 2:

31.01.18 at 14:00 GMT or 1,500,000 of BETEX tokens are sold out

Pre-sale round 2 BETEX token price:

$2.50

Max amount of tokens to be sold:

1,500,000 out of 10,000,000 (15%)

Pre-sale round 2 hard cap:

$ 3,750,000

Min purchase amount:

5,000 BETEX

Only qualified investors who have completed the KYC/AML process will have access to the Betex Token pre-sale. The timeframes and conditions of the general token sale will be announced later. 

Audure – The biggest automate trading solution associates Ethereum

Audure is the biggest automate trading solution, introducing its tie-up with Ethereum platform. The platform is powering the system of trading through automatic trading bots.

What is auto trading bot?

An automated trading systems or auto trading bot simplifies your trading and monitor your trade throughout the process. It is an algorithmic trading which act as an alternative person performing in your absence, indicating you all the possible signals of crypto trading.

Built on programmed language, these automated trading bots may as simple as scrolling the page or as complicated as understanding the complex coding.

What is Audure?

Audure launched an automated trading platform to simplify crypto trading. Since several months Audure is around the industry assisting crowd of traders and crypto mavens throughout the trading. The trading bots of Audure is implemented with Zeta 4 Technology, Enhanced Fibre Disk currency passage system and AY-16 2016 Auto Boost Sysntax.

The platform has already created its benchmark all around Bitcoin community and now advancing their users with Ethereum trading bot.

Audure is upgrading its trading bot with Ethereum Technology

Beyond Bitcoin trading bot, Audure enable users experience Ethereum trading bot on its platform. This implementation is trailed by profound understanding and research in a meeting conducted in November 2017. The Ethereum community experts and cryptorrency professionals examined the Eth future volume and growth.

The discussion of crypto specialists predicted that Audure implementation of Ethereum on its platform would affluence its community member and will supplement profitable opportunities.

The team excites with its new launch and encourage traders to move into the era of next biggest cryptocurrency with biggest automated trading solutions.

Stay updated with Audure’s new feature: https://audure.com/

Follow Audure on Twitter: https://twitter.com/audureworld

Join Audure on Telegram: https://t.me/audure

The New Blockchain Venture That Rewards you for HODLING Your Tokens…

If you’re heavily invested in crypto and you’ve been following the industry closely, you’ve probably heard of the famous bitcointalk post where the concept of ‘HODLING’ was first created.

Since then, the phrase has caught on worldwide. Some ‘experts’ are questioning whether or not the method is successful, while others have been quick to show their support.

But one thing’s for sure…it’s getting a lot of publicity.

Introducing HODLING to ICOs…

We’ve seen people using this method when investing in cryptocurrencies – primarily Bitcoin – but what if we brought it to ICOs too?

Well, that’s exactly what CanYa has created. It’s called The CanYa HODL Club.

In less than a year, ICOs have raised more than $3,000,000,000 – more than 30 times the amount that was raised last year in 2016.

Considering that ICOs were almost unheard of as recently as five years ago, this statistic is staggering.

However, along with the increasing popularity of ICOs, we are seeing a rapid increase in ‘pump-and-dump’ scams that companies are using to get rich fast. Unfortunately, this dissuades honest users, and drives them away from making investments in the future.

This new initiative is designed to convince their users they are here for the long-haul, and that they want their community to join them in their journey.

The premise is simple: members of the HODL club will be rewarded for the length of time they keep their tokens.

After the ICO has ended, users will be rewarded with tokens once per month for the next three months. After this, members will be rewarded with tokens every year.

There is only one catch – once you withdraw any of your tokens from the exchange, you will lose membership to the HODL club, and will no longer be able to take advantage of the rewards.

As the years progress, the number of members in the HODL club will slowly decline as people withdraw their tokens. As a result, each member will receive a higher proportion of tokens with each airdrop. Ultimately, members who stay for a longer will reap most of the rewards.

This is a brand new idea, and CanYa are the first to implement anything like it. However, reception has been overwhelmingly positive.

It might just be the call-to-arms we’ve been waiting for to convince crypto startups to put their money where their mouth is and up their game for future ICOs!

A Brief Insight into a Brand New Global Marketplace…

CanYa is the global peer-to-peer marketplace of blockchain-powered services. The platform is designed to give users the freedom to hire local experts and skilled professionals from anywhere in the world.

It is based on a trustless payment system. The marketplace is a true metoricacy – the best providers get the best work. Meanwhile, lower quality providers are left behind.

The platform was initially founded in November 2015, when the team got together and laid out a plan for a new global marketplace of services – with an emphasis on quality.

CEO and co-founder, John-Paul Thorbjornsen has stated:

“The whole point of CanYa is that it’s quite easy and you can use it as a currency in your daily life; it brings a meaningful reason for users to spend and retail their services with cryptocurrencies.”

By December 2016, the team had released their MVP. By March 2017, they had soft launched in a major Australian city.

The platform now hosts more than 4,000 service providers, including electricians, gardeners, and even crocodile wrestlers, and has over 8,000 users Australia-wide.

The Current State of CanYa’s ICO

CanYa’s ICO is currently underway. It began on the 26th November and will run through until the 26th December. This means there is only 12 days left to get involved.

The funds raised throughout the ICO will be put towards the development of their decentralized platform, and to allow the release of CanYa to the rest of the world beyond Australia.

The ICO is currently going well. So far, sales have exceeded 8,100 ETH – almost half of the 19,333 ETH hard cap. For every ETH you invest in tier 1, users will receive 1,200 CAN.

There is currently under 1000 ETH worth of CAN up for grabs before tier 1 sales end.

Their pre-sale ICO raised more than $1.5 million in less than 24 hours.

There will be an overall total supply of 100 million CAN tokens in circulation.

IOTA PARTNERSHIPS & ASSOCIATIONS SO FAR

Handy list of IOTA partnerships so far.

iota partnerships

Volkswagen source: 

https://in.reuters.com/article/us-blockchain-iota-cisco/blockchain-network-iota-teams-up-with-microsoft-others-on-data-marketplace-idINKBN1DS2EE

Cisco Source: ( please note this is unconfirmed)

https://in.reuters.com/article/us-blockchain-iota-cisco/blockchain-network-iota-teams-up-with-microsoft-others-on-data-marketplace-idINKBN1DS2EE

Samsung Artik:

Microsoft:

https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

Fujitsu:

https://thenextweb.com/hardfork/2017/11/28/iota-microsoft-data-marketplace-cryptocurrency/

BOSCH:

http://www.prweb.com/releases/2017/10/prweb14822551.htm

LATTICE80:

LATTICE80, World’s Largest Fintech Hub, Partners with Germany’s IOTA on New Innovation Lab

Sopra Steria:

https://www.soprasteria.com/en/media/press-release/blockchain-and-the-iot-sopra-steria-partners-with-iota

RuuviLab:

https://lab.ruuvi.com/iota/

Innogy:

https://innovationhub.innogy.com/news-event/3lj6DX6LS0C4SyKmgEOiQq/meet-our-future-customers–machines-with-wallets

ElaadNL:

https://www.elaad.nl/news/how-elaadnl-built-a-poc-charge-station-running-fully-on-iota-and-iota-only/

Ubuntu,Canonical:

IOTA: IoT revolutionised with a ledger


Microsoft Azure BaaS https://azure.microsoft.com/en-gb/blog/azure-blockchain-update-5/
DIF:

http://identity.foundation/

Trusted IoT Alliance:

https://www.trusted-iot.org/

F6S:

https://www.f6s.com/iot/p/iota-team-up-with-f6s-on-a-10-million-dollar-iota-ecosystem-fund-
Outlier Ventures:

Why We’re Investing in…IOTA

Refunite:

https://www.cryptocoinsnews.com/iota-foundation-enters-historic-partnership-with-refugee-nonprofit/

Sirin Labs:

https://www.engadget.com/2017/09/26/blockchain-smartphone-sirin-finney-solarin/

Netobjex:

https://www.prnewswire.com/news-releases/netobjex-demonstrates-dynamic-electric-vehicle-wireless-charging-prototype-using-distributed-ledgers-and-cryptocurrency-300548157.html
Nakamo.to:

Brickblock And nakamo.to Announce Partnership To Fuse Real-World Asset Trading With The Potential Of IOTA’s Tangle Network

Blockchain Bundesverband e.V.:


RSKsmart:

Ecologie:

Home


Evernym, inc.:

Steam drops Bitcoin support

Washington-base game developer and distribution company Valve will cease to accept Bitcoin as a valid payment method on Steam due to high transaction fees but. The outfit may re-evaluate in the future.

In a blog post today, Valve said “Steam will no longer support Bitcoin as a payment method on our platform due to high fees and volatility in the value of Bitcoin.”

When the firm started accepting Bitcoin sometime ago the network transaction fees was roughly $0.20, in recent days this has reached around $20 making the purchase of games extremely expensive.

Back in April 2016 Valve partnered with BitPay to utilise their payment gateway enabling customers to pay in Bitcoin. They hoped it would provide a fast, cheap and alternative solution for emerging markets such as China, India and Brazil with no risk of chargeback fraud that comes with card payments. Fast forward today it has become the complete opposite in terms of the currency becoming an overly expensive method of payment.

Valve are stating they have no control over transaction fees due to BitPay automatically presetting them when generating invoices, which are automatically adjusted depending on network congestion.

“When checking out on Steam, a customer will transfer x amount of Bitcoin for the cost of the game, plus y amount of Bitcoin to cover the transaction fee charged by the Bitcoin network,” the company said. “The value of Bitcoin is only guaranteed for a certain period of time so if the transaction doesn’t complete within that window of time, then the amount of Bitcoin needed to cover the transaction can fluctuate considerably. This value has been increasing significantly.”

“At this point, it has become untenable to support Bitcoin as a payment option,” Valve said. “We may re-evaluate whether Bitcoin makes sense for us and for the Steam community at a later date.”

Valve added support for Steam purchases with bitcoin in 2016 as part of a partnership with company Bitpay.

In the last few months alone Blockchain technology has rapidly advanced with newer technologies, Valve may look into Ethereum which would offer a faster checkout process.

UK Government plans to develop digital fund for Blockchain

In a press release today the UK government has outlined a long term approach for enhancing the country’s future generation of investment management with one of the key areas focusing on blockchain technology.

The proposal named ‘Investment Management Strategy II’, includes six areas of growth including the development of Asset Management Centre’s of Excellence at various Universities across the UK. The core aim is to strengthen the UK’s investment management pipeline in order to make the country a world leader in Fintech. It would like to achieve this through a digital fund based around blockchain technology.

The UK is often seen as very attractive base for overseas firms who wish to make use of competitive corporation tax rates. The government hopes to further entice new firms and encourage relocation of core business through regulatory incentives which facilitate growth in the blockchain industry.

Employing just shy of 40,000 people and contributing to 1% of the UK’s gross domestic product, the Asset Management industry plays a big role in Britain’s economy.

The Economic Secretary to the Treasury, Stephen Barclay, said:

The UK is a world leader in asset management, and it is vital that we keep it that way. The new Strategy for the sector outlines how we will do this, and I look forward to working closely with the industry to fully realise it’s potential.

Chris Cummings, Chief Executive Officer of the Investment Association said:

We are delighted to welcome the government’s new, ambitious Investment Management Strategy. This strategy will give asset management firms, who collectively manage the pensions of millions of British households and hold the UK’s biggest listed companies to account, a roadmap to success through Brexit and beyond.

Together with the Asset Management Taskforce, this comprehensive strategy provides the opportunity for partnership between Government, industry and regulators to ensure the UK remains the leading European asset management centre. The forward-looking agenda brings a welcome focus on the critical success factors of tomorrow, including harnessing the fintech revolution, encouraging sustainable investment and ensuring a diverse and world-leading workforce.

Domestic excellence will help to boost the industry’s export and trade contribution as the UK looks to a new place in the world. This strategy means our industry will continue to deliver the best possible outcomes for savers and for the UK economy in the years to come.

Cryptocurrency rush comes to the US trucking industry: Doft launched Pre-ICO 2.0

Silicon Valley truck-sharing startup, DOFT (Do Freight Transportation), rescheduled its ICO and launched the Pre-ICO 2.0 offering its tokens with a 40% bonus. Doft is giving out 100% of the company’s total coin supply, meaning that anyone can become an owner of Doftcoins (DFC) and enjoy the benefits of being a part of the transportation community.

The token sale is live now and will end on December 15, 2017, 00:00 a.m. UTC. Doft Bounty Campaign is also available for everyone during the whole crowdsale.

The Doftcoin token will be used to access all the services and products provided by the platform. Today Doft accepts only USD when a customer pays for the services. In the nearest future Doftcoins will become a number one payment method within the network.

Another important value of the token is scaling to other countries. Doftcoins will make the expansion process outside the US market much easier.

The total hard cap for the sale is 200,000 ETH (roughly $90 million) for a total supply of 50 million tokens. 90% of the 50 million tokens will be distributed in the Doft ICO except for 10% (5% reserved for Bounties and 5% more reserved for future mining). None of the tokens have been kept in reserve for further raises or distributed to the Doft team.

The current Pre-ICO 2.0 crowdsale will be live until December, 15, 2017 with a hard cap of 5,000,000 DFC. The second and final ICO round will be held in the early 2018.

The funds raised during the whole crowdsale period will be used for the technological improvement, business development and market expansion in the world’s 10 major countries.

When we imagine a new logistics’ era, we think of a free to use, simple, user-friendly solution suitable for every type of business which is involved in the logistics chain. No doubt, the solution should make business processes much easier and quicker, yet without breaking the habits of industry professionals who do the job every day. Doft’s solution is equally suitable for all the parties involved into the transportation chain. Whether you are a carrier, a broker, a trucker or a dispatcher, you’ll find potency as Doft covers all necessary vertical services in transportation.

About – Doft

Doft – a Silicon Valley based startup – developed a mobile app for the trucking industry that provides freight matching services. The on-demand instant freight and truck matching application has been labelled the “Uber of trucking.” Doft aims to improve the lives of truckers and provide ever-increasing value to shippers and carriers through its peer-to-peer service. Doft is changing the way American truckers and shippers work together, and now taking it further with a Doft ICO crowdfunding campaign, allowing Doft’s users to be part of the project by contributing and receiving Doftcoins, which can later be used within Doft to pay for services and goods in Doft App and Doft Store where Doft sells trucking related products.

Old money meets new: Revolut merges mobile banking with crypto trading

London-based mobile banking outfit Revolut is merging traditional day-to-day fiat spending with digital currencies, enabling customers to buy, sell, trade and hold cryptocurrencies including Ethereum, Litecoin and Bitcoin in 130 currencies in what the firm claims to be a world first.

Aiming to fill the void between digital currencies and old money, customers who have an debit card attached to their Revolut account can purchase goods in real time and have the funds deducted from their accounts in fiat or crypto. More importantly small transactions such as paying for groceries at the supermarket, parking etc are encouraged and work seamlessly at very reasonable rates.

Now, spending Bitcoin with a debit card is nothing new, firms such as Xapo, CEX and CryptoPay have been providing this for some time. The key difference with Revolut is that customers are now be able to tap into extremely low exchange rates resulting in ‘fee-free’ transactions with real exchange rates in over 130 currencies.

Revolut also removes the inconsistencies associated with Bitcoin/ fiat conversions which can be time consuming and expensive, particularly when the exchange is operating in other jurisdictions. These exchanges charge anywhere from 5 percent to 10 percent per transaction whilst Revolut offers a fixed fee of just 1.5 percent.

Revolut’s platform launch comes as Bitcoin continues to blow past ATH’s like $10,000, fight for its legitimacy in the eyes of mainstream users and governments and prepares for futures trading this month. With the Commodity Futures Trading Commission (CFTC) approving Bitcoin futures, cryptocurrencies has grown up considerably since their less stellar dark web days and with services like Revolut now available are ready for mass adoption.

“Despite being one of the hottest trends in the world right now, getting exposure to cryptocurrency has notoriously been time-consuming and expensive,” Storonsky writes.

Nikolay Storonsky, the CEO of Revolut said at this years Techcrunch Disrupt conference in Berlin that users will be able to access the new cryptocurrency trading features on the app from this Thursday.

The company has an excellent track record when it comes to saving customers millions on foreign exchange fees, citing more than $160 million in customer savings since launch. The app is currently servicing over 1,000,000 users in Europe and is growing exponentially and now the company ready to roll out its mobile banking to the masses.

trade.io Announces Historic Partnerships & Introduces Tiered Structure Further To Community Demand

01 December 2017, Zug Switzerland. Highly anticipated upcoming ICO trade.io has made three major announcements this week, which have strengthened its positioning as one of the leading ICOs to invest in, for 2017.

The company has launched an historic partnership with The University Of Nicosia.

Two post-doctoral seats, funded by trade.io will focus on advanced research in Distributed Ledger Technology (DLT).  The research will have a specific focus on side-chains and cross-chain interoperability, as well as smart token corporate governance best practices and implementation.

trade.io has partnered with HitBTC.

HitBTC is one of the largest cryptocurrency exchanges, exceeding upwards of half a billion in daily volume, and operating since 2014. Once listed on the HitBTC exchange, the Trade Token (listed as TIO) will trade against the counters Bitcoin (BCT) and Ethereum (ETH).

The company has introduced a four-part tiered pricing structure

Further to overwhelming demand from the community a tiered pricing structure is now in place:

7-14 December: 1 ETH = 900 Trade Tokens

14-21 December: 1 ETH = 800 Trade Tokens

21-28 December: 1 ETH = 700 Trade Tokens

28 December – 4 January: 1 ETH = 600 Trade Tokens

On this, CEO Jim Preissler commented: “Our community has spoken. You have been asking us to extend the low Trade Token price for the ICO.  The strength of trade.io lies in our community, your voice acts as a directing force for strategic decisions.  With this in mind, our board has agreed to extend the low pricing by adding a tiered structure, giving early movers a bigger incentive to contribute and also to allow more time for such contributions”