Propy to Give 50,000 PRO Tokens at World Crypto Economic Forum Hackathon

Propy, which aims to become the world’s first international real-estate marketplace, will donate 50,000 PRO tokens as rewards at the upcoming World Crypto Economic Forum’s Blockchain Hackathon. The company’s CEO and founder Natalia Karayaneva is amongst the impressive line-up of experts to speak at the conference to be held at the South San Francisco Conference Center on January 13-16, 2018.

January 8, 2018

Propy is pleased to announce their participation in the upcoming World Crypto Economic Forum (WCEF), on January 13 through 16th at the South San Francisco Conference Center. A potential Gamechanger of the global real estate sector, Propy will give away 50,000 PRO tokens worth $230,000 as of January 8th 2018, listed on Huobi in rewards during the conference’s much anticipated Blockchain Hackathon. The tokens will be distributed from the donation pool that was set up prior Propy token sale in August 2017 in the white paper.

The World Crypto Economic Forum was founded in 2017 with a vision to support the growing blockchain community and exploring disruptive token economies in today’s rapidly evolving crypto industry. The upcoming event in San Francisco is the first in a series of events to be held around the world. The conference brings together eminent speakers and leaders like Vinny Lingham (Civic), Michael Arrington (XRP Capital, TechCrunch), Nick Szabo (smart contracts inventor), Bill Barhydt (Abra), Jeremy Gardner (Augur), Joey Krug (Pantera Capital, Augur), Spencer Bogart (Blockchain Capital) for industry changing discussions and presentations.

The Hackaton aims to gather over 300 blockchain developers and will include mentorship from the thought leaders and workshops. Propy’s engineers will supervise and help the participants. The team hopes to see creative solutions to the current real estate related issues as well as blockchains’ privacy and scalability issues.

Propy makes use of the Ethereum blockchain technology to deliver a reliable, cost-efficient, and automated platform for global real-estate transactions, all the way from search/filter properties, payment, sales, paperwork to transfers and records management. Since its launch, Propy has repeatedly been in the headlines for a landmark transaction for the Ethereum cryptocurrency by remotely transferring a Ukraine-based property on-chain and across borders. Just recently they launched a new transaction tool that has made it possible to buy and sell properties in California for BTC with a simple nine-step process.

More about Propy can be found at http://propy.com/

Natalia Karayaneva, CEO, and Founder of Propy, who will be attending WCEF 2018 said, “It is a great pleasure for Propy to be a part of the World Crypto Economic Forum 2018. We look forward to exchanging ideas with the leading blockchain engineers.”

To know more about the World Crypto Economic Forum 2018, please visit http://wcef.co/

You can register for the events here:

WCEF Hackathon – Sat, Jan 13, 2018, 9:00 AM – Sun, Jan 14, 2018, 6:30 AM PST

WCEF Conference – From Jan 15th, 2018 To Jan 16th, 2018

About Propy: Propy is the world’s first international real-estate marketplace. The team at Propy.com facilitates connections between international entities to enable the seamless purchase of international real-estate online for the first time. It aims to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real-estate industry.
Contact: Leo Kahn

Website: http://propy.com/

Email: leo@propy.com

 

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e-Chat Launches 3rd Round of Token Sale

e-Chat welcomes users and potential investors to try out and support the third and final round of e-Chat’s token sale. To date, the e-Chat ICO has exceeded early goals and continues with strong momentum.

e-Chat is designed as a convenient and secure platform for financial transactions across the global cyberspace and is based on the modern decentralized architecture. The application provides a high level of privacy and security to its users while preserving financial freedom.

Business and personal video group calls are available for groups of up to 10 people offering a genuinely unique communication pattern.

Major benefits:

– Protection from censorship worldwide

– Flexible user-centric payment features

– Integrations with major cryptocurrencies

– Sane financial models designed to promote global growth

– Wide national language support

3rd Round of Token Sale

The third round will include a bonus, and best deals are available in the first days of the round.

– January 8-15, 1 ECHT costs $1.05 (30% bonus)

– January 16-21, 1 ECHT costs $1.125 (25% bonus)

– January 22-31, 1 ECHT costs $1.20 (20% bonus)

– February 1-8, 1 ECHT costs $1.275 (15% bonus)

– February 8-15, 1 ECHT costs $1.35 (10% bonus)

e-Chat designers and developers are committed to delivering enhanced functionality and friendly interface. We would like to introduce the upcoming e-Chat face-lift for that reason. Feel free to give your comments at the Official Telegram chat: https://t.me/ico_eChat

Team of founders is looking forward to seeing you again.
Recognizing the importance of the composition of stakeholders, this new social media application is based on the ideas of some of the world’s finest minds in finance, entertainment, project management and blockchain technology. Advisors and team members include:

  • Johan Staël von Holstein is a Global Leader of tomorrow and 3 time Internet Guru of the Year and Entrepreneur of the year.
  • Alex Vincente is e-Chat’s Chief Business Development Manager and actively represents the startup at various conferences worldwide.
  • Sridhar a former Chairman and Managing Director of the Central Bank of India and of National Housing Bank prior to that.
  • Ryan Scott is an experienced entrepreneur and investor. He was formerly the CEO of Causecast and the current CEO of the ICO Advisory Group and investment strategist at BlockRx and Karma.
  • Jared Polites is a Fintech and Blockchain expert with over 20 ICOs of experience.
  • Robbie Hoyes-Cock offering a magical party experience with the racing community.
  • Michael MA is the inspirational leader and friend of political and business leaders, royalty and celebrities from around the world

For detailed information visit:     https://echat.io/
Email: investors@echat.io

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Decentralized Exchange DEEX to Start Token Sale on January 10, 2018

DEEX, a decentralized financial ecosystem based on the BitShares 2.0 platform, is all set to start its token sale campaign on January 10. This exchange offers functionalities comparable to the centralized exchanges without their typical shortcomings.

January 5, 2017

DEEX, a uniquely designed decentralized financial exchange, is pleased to announce that their token sale will start on January 10. DEEX has already successfully closed presale in the end of 2017 and raised 3410 ETH within a month.

This is a reliable and convenient platform where individuals can quickly trade, buy or sell cryptocurrencies using the fiat currencies available in their countries. To start with, DEEX is offering more than ten different cryptocurrencies including Bitcoin, Ethereum and many other altcoins.

With the rapid growth cryptocurrencies over the last few years, the number of people showing interest in cryptocurrencies has expanded rapidly. In the initial stages of the crypto economic development, centralized exchanges were the more preferred option because they are easy to use, easy to access, and provide advanced trading functions such as margin trading, stop-loss, lending and others.  However, these centralized systems are exposed to a number of risks such as security threats, unfair competition, danger of sanctions, political factors, and much more. Till date, the amount of stolen customer funds from centralized exchanges amounts to almost $500 million.

DEEX promises to solve this problem by building the world’s first decentralized exchange with functional benefits close to a centralized exchange, but without its permanent security threats and sanction risks. It also provides the clients complete control over their fund. The core of this decentralized ecosystem is the BitShares 2.0 (Graphene) blockchain, an extremely fast and reliable platform with not a single hacking record since its creation.

Technically speaking, BitShares 2.0 is a high-tech, decentralized, blockchain based platform which allows to create highly efficient financial smart contracts for all areas of economic activity that are used in the global internet space to provide services. Some of its key benefits include up to 100,000 transactions per second, cryptocurrencies trading with a stable price, dynamic account permissions, recurring and schedule payments, referral rewards programs, and much more.

Powered by its robust system architecture, DEEX users will enjoy several benefits including

  • A platform for safe ICO conduct in conjunction with the decentralized escrow toolkit from descrow.org.
  • A platform for creating a decentralized transparent blockchain system for cryptofund managed by DEEX professional traders
  • Cryptocurrency debit cards linked to users’ wallets on DEEX and integration into fiat gateways
  • API for the integration of third-party applications and services with the DEEX platform
  • Creation of the own agent network of crypto ATMs for the purchase and sale of cryptocurrency for fiat money

Discussing the immense potential of DEEX, a senior spokesperson from the company said, “More and more large market players are now willing to move to  decentralized trading platforms. At the moment, the portfolio of investors interested in the DEEX project exceeds $100 million. The potential interest of large market players is estimated at five times or even more.”

The primary DEEX.CORE tokens share will be as follows

  • 75% reserved for pre-ICO and ICO participants
  • 15% reserved for the development team
  • 7% reserved for the advisors
  • 3% reserved for Bounty and PR

More about the DEEX Exchange and their upcoming token presale can be found at https://www.deex.exchange/

DEEX offers generous bounty campaign for posting information in various social media, such as facebook, instagramm, twitter, steemit.

DEEX core token will be used for:

  • Setting commissions for trade deals
  • Participating in ICOs launched on DEEX platform
  • Paying for digital assets and coins listings within DEEX
  • Purchasing masternodes for DEEX ecosystem development and support

About DEEX Exchange: DEEX is the first ever decentralized financial exchange that provides individuals a reliable and convenient platform to quickly trade, buy or sell cryptocurrencies with the most popular payment methods for the fiat currencies available in the country of his/her residence. Built around the fast and reliable BitShares 2.0 (Graphene) blockchain platform, it will protect the users from the common shortcomings of centralized exchanges such as such as security threats, unfair competition, danger of sanctions, political factors, and much more.

Contacts:
Contact: Peter Grubber

Contact email: pr@deex.exchange

Website: https://www.deex.exchange/

Email: info@deex.exchange

Facebook: https://www.facebook.com/groups/deex.exchange/

Telegram channel: https://t.me/deex_exchange_ru

Telegram chat: https://t.me/deexexchange

Instagramm: https://www.instagram.com/the_deex/

Twitter: https://twitter.com/deex_exchange

Steemit: https://steemit.com/@deex

Medium: https://medium.com/@the_deex

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Patriot Mall: when real estate meets cryptocurrency investments.

Learn how a Russian crypto developer is heralding a pioneering local project.

Many exciting new blockchain projects are surfacing throughout the world, due to this market gaining momentum on a global scale.

Russian developer Crypto Patriot, for instance, is collecting funds to build “Patriot Mall,” a trade and entertainment mall in Tyumen.

This endeavour is especially unique because it is not purely digital, but it relates to developments in the physical work, spanning different industries such as real estate, commerce and more.

The Crypto Patriot team plans to construct the aforementioned mall with the help of investors, who would fund the project by acquiring PPMT tokens and touch dividends from the lease of shopping space or by selling their tokens on crypto exchanges.

Patriot Mall will become the first project of its kind in the Eastern Administrative District of Tyumen, which has never had a trading facility hosting shops of different sectors. For this reason, the team is confident that the project will draw a notable fraction of buyers, as well as leaseholders.

The physical space the mall will occupy amounts to 35,194.3 square meters. The project creators concluded partnerships with most potential leaseholders. The ground floor of the mall building will host a farmers’ market, and the organizers have signed an agreement with local agricultural companies. The company sponsoring the project has already invested $5 million, but to finish the construction works, it plans to issue internal tokens and use the ICO to collect 9,450 ETH tokens. The founders of the project aim for the mall to become functional a year after raising the necessary funds. As for the first dividends, investors will be able to receive them as early as three months following the inauguration of the shopping mall.

The most vital component of the Crypto Patriot initiative is the introduction of the Patriot Project Mall Tokens (PPMT). These tokens will be linked to the total leasable area of the mall: every PPMT will amount to 0.01 square meters. Token holders will retain the rights to their allotted part of the leasable area and will receive dividends from the lease.

The originators of the project assert that the investment model is hybrid, being a blend of stock investment and real estate financing).

The tokens will be dispensed one time only, through the Ethereum cryptocurrency platform, with a total of 1,5 mln tokens.

99.5% of such tokens will be distributed during the crowdfunding process, while 0.5% will serve bounty programs. A single Ethereum token will be exchangeable for 140 PPMT, with a system of bonuses related to the acquisition of tokens in place since the pre-sale, which started on December 15th, 2017.

Find out more: https://crypto-patriot.io

Instagram: https://www.instagram.com/

Twitter: https://twitter.com/MallPatriot

Telegram: https://t.me/patriotmallofficial

For more information (editorial inquires), please contact WeRaise team at info@weraise.pro

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TravelFlex ICO Round Continue Until 12th Jan 2018

Today, the founders of TravelFlex cryptocurrency announced, that the ICO of the project will continue until 12th January 2018 23:59 GMT. TravelFlex is a product for global travelers, based in blockchain technologies, developed by a Hong Kong based company.

During this round, the company is offering to sell 95M TravelFlex coins $0.28 each for funding the project. Funds raised by the ICO offering will be used to develop the blockchain further and to establish additional traveller-specific services to facilitate the growth of traveling industry.

TravelFlex is a working coin and not a token. It’s a coin that can be actively mined and it runs on its own decentralized network, it will be listed on exchanges straight after the ICO.

Don’t be confused by the name Travelflex since the coins can be used for almost anything payment related, not just traveling.

According to estimations used by the founders, the amount of global nomads and travelers will be counted in billions by 2020. TravelFlex ICO round is now open for investors to claim their share on essential financial tools and services for global travelers, based on decentralized blockchain technologies.

TravelFlex offers:

  • ATM Card for global low-cost cash withdrawals
  • Social networking and payment features for fellow travelers
  • Escrow services for advance booking of travel services, like hotels
  • 24/7 live support
  • Printable traveler-check alike TravelFlex checks
  • Mobile application for financial transactions and social networking

This investment round is a unique opportunity to claim your share on the next generation cryptocurrency. Most of the TravelFlex services are scheduled to be deployed and in full use by the end of the year 2018.

Contact for more information:

https://travelflex.org/

https://t.me/travelflexchat

Media Contact: Tukta Sangkham
Email: info@travelflex.org

 

WPT Limited / TravelFlex

Room 2405, Progress Commercial Building

9 Irving Street,

Causeway Bay,

Hong Kong

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Propy’s new launch: It is now possible to Buy properties in the US for Bitcoin

Propy, the world’s first international real-estate marketplace, has just launched the alpha open version of its blockchain-based transaction tool. This new transaction tool will allow individuals to buy and sell properties in California using Bitcoin (BTC).

December 23, 2017

Propy is delighted to announce that the alpha open version of its real estate transaction tool is now up and running. Propy, which believes that it is the first international real-estate marketplace in the world, leverages groundbreaking blockchain technology to solve many of the problems relating to purchasing property across borders. It allows users to purchase property online, and is an excellent outlet for quickly transferring bitcoin wealth into hard assets.

The advent of Propy is great news for the crypto millionaires, crypto traders, and blockchain application enthusiasts looking for a platform that will provides real benefits to them by making it easier to diversify investment through real estate purchase. In addition to increasing real estate turnover by reducing the execution time, it will also minimize the risk of dishonest recordkeeping in mortgage processing significantly. No wonder Propy has already been touted by various advocates as the Amazon of real estate.

Propy initially includes blockchain hashes of the deals into title deeds for recording in official land registries and then offers land registries to replace their databases with the decentralized Propy blockchain registry. The Propy team envisions that, ultimately, the Propy Registry will be adopted by many jurisdictions as an official ledger of record. The execution of each purchase on Propy will involve the use of PRO tokens to unlock smart contracts.

Some key attributes of Propy include:

  • Facilitates cross-border payments for users and assists with their documentation
  • Allows users to search for properties and brokers in global cities in their native language. Also, provides broad information about neighborhoods, such as walkability, air- and noise-pollution and green building certifications.
  • Integrates a blockchain ledger for governments to enable title deed issuance for properties instantly online, in a secure and cost-effective manner.

Propy recently entered into a Memorandum of Understanding with the government of Ukraine and completed a transaction in which a property in Ukraine’s capital Kiev was remotely transferred on-chain and across borders, which Propy believes is historic for the entire Ethereum community. With the launch of its new transaction tool, Propy will now make it possible to buy and sell properties in California for BTC by following a simple nine-step process. Payment in dollars will be available next year.

Within its brief lifespan, Propy has already garnered the attention of top real estate experts. Expressing high expectations about the future of Propy, Andrew Baum, Chairman of the investment committee for CBRE stated, “It would be an enormous step forward if global real estate transactions were to be facilitated by a reliable, automated land registration and transfer system. Propy’s proposed use of blockchain might just offer the key that opens this door.”

The trendsetting media BuzzFeed also mentioned Propy recently, describing it as one of emerging businesses capable of “bringing transparency and security” to real estate markets.

Following the launch of its transaction tool, Propy is planning to start within the next week an education program for local brokers in California via demos and meet-ups.  The company is also looking to start a comprehensive marketing campaign aimed at attracting actual home buyers. The team is currently working on a marketing plan that will be made public in January 2018. A substantial scaling of transactions is expected to take place in the first quarter of 2018.

Propy is inviting all buyers or sellers of homes (in cryptocurrencies) to contact them via Telegram & Reddit. To find out more about the world’s first international real-estate marketplace, please visit http://propy.com/

About Propy: Propy is the world’s first international real-estate marketplace. The team at Propy.com facilitates connections between international entities to enable the seamless purchase of international real estate online for the first time. It aims to solve the problems facing international real estate transactions by creating a novel unified property store and asset transfer platform for the global real estate industry.

Contact: Leo Kahn

Contact email: leo@propy.com

Website: http://propy.com/

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Open Trading Network Leverages Cross-chain Technology to become the First Ever Platform to Unite all Blockchain Networks

Open Trading Network, the first 100% collateralized decentralized exchange, is breaking new grounds in the industry by making exchanges between the blockchain networks fast and secure like never before. The company’s vision is to build a set of applications aimed at making the crypto world open to the common man and all market participants.

November 28, 2017

Open Trading Network Foundation, a non-profit organization based out of Zug, Switzerland, is all set to revolutionize the rapidly expanding global crypto economy by developing a secure system combining numerous isolated blockchain networks into a unified open network. World’s first 100% collateralized decentralized exchange, OTN will allow instant transactions between a wide myriad of blockchain networks. Open Trading Network Foundation claims that this innovation will make lives easier for businesses, individuals, traders, and regulator, while addressing the need for speed and liquidity.

The global market for cryptocurrency has developed at a breakneck speed in the recent years with an exponential growth in the number of cryptocurrencies. The objective of OTN is to make the benefits of this growing crypto economy available to common users and all market participants. They want to accomplish this by creating a set of mass market applications for efficient management of crypto assets, performing cross-market transactions, secure storage of savings, accessing the global marketplace, working with tokenized loyalty systems, and making purchases from a crypto wallet.

The maiden product from the network, OTN.Wallet is in the final stages of development, and expected to be launched very soon.  This multi-currency wallet will serve as a universal tool to store and exchange all types of cryptocurrencies or digital assets.  Users will also enjoy several other important features such as fast and safe transactions, a balanced portfolio, direct exchange, P2P transfers, analytical tools, profitability reports, asset tokenization and detokenization, and much more.

Following the launch of OTN.Wallet, the network’s next two products OTN.Business and OTN.Exchange are expected to arrive shortly. OTN Business is a business application supporting several widely-used operations, including issuing tokens and listing them on exchanges, issuing tokenized loyalty cards, crowdfunding, tokenization of services, integrating payment schemes that use a large number of tokens and cryptocurrencies, integrating custom centralized matching engines, etc.  Whereas, the OTN Exchange will enable superfast placement or orders, maintaining complete transparency of all orders.

Instead of following the common path of collecting funds via an ICO, Open Trading Network has been created in partnership with the distinguished trading business IQ Option. In addition to financing the creation of the network, IQ Option is also providing the platform for its first commercial use.

Staring from October 7, 2017, Open Trading Network Foundation has initiated the process of issuing a total of 100 million OTN tokens every Monday and over the following 104 weeks. The exact distribution plan for the tokens is as follows.

  • 42 million to the holders, traders and wallet users on the OTN platform
  • 28 million to the shareholders and IQ Option team members
  • 30 million will remain with the OTN foundation for the purpose of future distribution and attract strategic partners.

To find out more about Open Trading Network and their unique venture, please visit https://otn.org/

About Open Trading Network: Open Trading Network is the first 100% collateralized decentralized exchange which will allow fully secure exchange between the blockchain networks. OTN foundation is committing itself to develop the network described in the white paper and also several applications to help the different stakeholders to benefit from the network.

Website: https://otn.org/
Contact: Dmitrii Kutuzov, Head of Development
Email: marketing@otn.org

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ShipChain Using Blockchain to Change the Shipping & Logistics Market

January 1 will be the start of the Public Sale for ShipChain, the project that will use blockchain to change the shipping & logistics market.

ShipChain encompass all methods of freight, and will include an open API architecture that can integrate with existing freight management software.

Simply put, it’s a fully integrated system across the entire supply chain, from the moment a shipment leaves the factory, to the final delivery on the customer’s doorstep; trustless architecture, and transparent blockchain smart contracts.The movement of goods has a significant and growing influence on the daily lives of people around the world.

According to a market report published by Transparency Market Research, “The market’s global value was $8.1 trillion in 2015, and is expected to grow to $15.5 trillion by 2023 , making it one of the largest industries on the planet. The industry is currently 10% of the United States GDP.

Today, the supply chain has serious bottlenecks. The lack of a unified platform prevents the various players from interacting efficiently. Most of the participants in the supply chain use outdated ways to track their shipments. Given that upwards of 65% of the value of a company’s products or services is derived from its suppliers and its supply chain, utilizing older highly ineffective systems results in tremendous amounts of wasted time, resources, and money.

ShipChain was established to address the most significant problems facing the logistics industry today.   The fully integrated system will track across the entire supply chain–from the moment it leaves the factory, field, or farm–to delivering the finished product to the customer’s doorstep; a  trustless system, and transparent blockchain contracts.

The ShipChain system  uses an Ethereum smart contract that can be used by anyone to orchestrate a shipping escrow on the distributed ledger. The overall shipment completion will be stored on the main Ethereum blockchain, and to keep costs low, individual tracking waypoints and load data can be stored and verified in an associated side-chain operating on the ShipChain Protocol, such as the one ShipChain Foundation.” Large partners will be able to operate their own ShipChain side-chains, with aid from ShipChain Foundation.

Public sale will be held in January 2018. 29.17 million SHIP tokens will be sold.It is planned to raise approximately $10 million in ETH. $0.342 per token is the ICO price.

Company website:https://shipchain.io/index.html

White Paper (EN/CN/RU/ES/KR/JP): https://shipchain.io/shipchain-whitepaper.pdf

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Trucking startup Doft is reportedly working on a mining protocol

Silicon Valley truck-sharing startup, DOFT (Do Freight Transportation), is working on the mining protocol pursuing the goal of obtaining the critical mass of movement needed for the collaborative transportation web to become operational, as well as to create and fairly distribute Doftcoin tokens among the trucking community.

There are two basic ways to increase number of active truck drivers in the system: A) Collect geo-location big data which is shared by drivers who run the Doft app while driving a truck.  B) Growing the drivers’ community so that more people send their location data. Both actions are being rewarded with Doftcoins through the Doft Driver application. In this way, early adopters of Doft network are gaining value and thus being incentivized to take part in the establishment of the network before its technological benefit takes effect and the transport service is available.

Once the critical mass of movement is reached in a certain geographical region the truck-sharing and other smart transportation services will become instantly enabled in the region. The rate of distribution of Doftcoin via movement-based mining is designed to encourage the growth of local Doft communities. Thus, it is proportional not only to the distance you are driving, but also to the growth of the community in your area motivating users to promote the Doft network in their own region.

Doft is also running an ICO campaign offering its tokens with a 75% bonus during New Year holidays. Bonus will be available starting from December 27, 4:00PM UTC.  Anyone can become an owner of Doftcoins (DFC) and enjoy the benefits of being a part of the transportation community.

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.

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, they are now taking it further with a Doft ICO crowdfunding campaign which will be live until January 1, 2018 0:00 AM UTC. Doft naturally adapted this concept to funding, allowing Doft’s users to be part of the project by contributing and receiving Doftcoins (DFC), which can later be used within Doft to pay for services and goods in Doft App for shippers and truckers, Load Board and Doft Store where Doft, being an authorized Garmin reseller, sells trucking related goods.

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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.

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