888 Tron - Play and Earn

Learn about 88 TRON - new blockchain based gambling platform with 100% transparency
31 December 2018   5934

According to the experts, global gambling market is going to reach the $500 000 000 000 revenue in year 2023. But only 1\3 of people believe that gambling can be trusted and isn't fooling them. Casinos are often described in media as unfair business. 

But everything can be changed with blockchain

Tron is a blockchain-based decentralized platform that aims to build a free, global digital content entertainment system with distributed storage technology, and allows easy and cost-effective sharing of digital content. 

Tron was founded in September 2017 by a Singapore based non-profit organization called the Tron Foundation. It is headed by CEO Justin Sun, and has a dedicated in-house development team that includes renowned technology stalwarts. This article explores the Tron network, its workings, and its cryptocurrency Tronix (TRX).

A lot of investors believes that TRON's potencial is great and there's reasons for it. In the future, the price of 1 token can grow up to USD or more due to blockchain implementation is every area of human life. 

888 TRON is decentralized gambling network, based on the TRON blockchain network. The project is 100% transparent and is willing to change traditional business is gambling sector. Early players will have opportunity to become co-owners of highly profitable business.

The project itself is aimed at crypto users and enthuisiast, which understand pros of distributed ledger technology. Owners of 888TRON tokens will become the owners of the platform. Tokens can be received by playing games at the platform. This will make situation where tokens are concetrated in the hands of small group impossible. 888TRON tokens will be used for a progit distribution among holders. Moder technology is used, including open-source smart contracts. 

As reported, the 888TRON Team sees the need to legalize the project and wants to obtain the maximum number of gambling licenses worldwide. All legal ways to promote the project will be used by the team to make it more and more popular. Team is also working to make it safe and easy to use.

Dividents system is already launched. It is paid in TRX, which is traded on the major exchanges worldwide. Platform's games are unique and, according to developers, will provide stable income for tokenholders. TRON network is focused on the entertaiment and gaming products. It is high performance network with low transaction cost. The foundation itself supports DApp developers actively.

Сonsidering all of the above, we can make the conclusion that 888 TRON is a future of gambling industry.

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   2033

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.