888 Tron - Play and Earn

Learn about 88 TRON - new blockchain based gambling platform with 100% transparency
31 December 2018   7665

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.

Malaysia to Regulate ICO and IEO

Rules says tokens can be distributed via venture capitalists and financial institutions without selling shares and without debt instruments
16 January 2020   162

In Malaysia, the procedure for initial coin offerings (ICO) and initial exchange offerings (IEO) has been established. The Malaysia Securities and Exchange Commission (SC) provided relevant guidance for participants in the digital asset industry.

According to the regulator, projects can distribute their tokens through venture capitalists and financial institutions without selling shares and without using debt instruments. It was also established the maximum limit on the amount of funds raised through ICO, which will be 100 million Malaysian ringgit or about $ 24.5 million. No special requirements for investors are provided, that is, both institutional and retail investors will be able to participate in such campaigns.

After the completion of sales, the regulator will monitor the spending of collected funds.

Digital tokens offering can provide another alternative fundraising avenue for early-stage entrepreneurs. This initiative supports Malaysia’s Shared Prosperity Vision 2030 (SPV2030) by supporting the growth of SMEs and micro businesses which are targeted to contribute 50% to Malaysia’s GDP. It also aligned with SPV2030’s aspiration to create 30% high technology Malaysian companies.

 

Datuk Syed Zaid Albar

Chairman of the SC

In addition, the rules for the functioning of IEO platforms were established. Such platforms, if they operate in the country, must independently register with the agency. In addition, they must carry out the necessary checks to verify the integrity of the issuer, as well as understand the capabilities and characteristics of the token they offer.

New regulations are expected to be established in Malaysia in the second half of this year. At the first stage, SC intends to cooperate with IEO platforms on the issue of identifying satisfactory issuers.