888 Tron - Play and Earn

Learn about 88 TRON - new blockchain based gambling platform with 100% transparency
31 December 2018   8484

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.

Court to Ban TON Tokens Release

U.S. District Judge P. Kevin Castel, of the Southern District of New York issued a temporary restiction, therefore supporing the SEC
25 March 2020   185

The American court issued an order to the developer of the Telegram messenger, according to which he should refrain from the distribution of tokens of the TON blockchain project planned for next month.

According to CoinDesk, on March 24, the District Judge of the Southern District of New York, Kevin Castel, issued a temporary injunction, recognizing the SEC's arguments regarding the sale of unregistered securities by the company as reasonable.

The Court finds that the SEC has shown a substantial likelihood of success in proving that the contracts and understandings at issue, including the sale of 2.9 billion Grams to 175 purchasers in exchange for $1.7 billion, are part of a larger scheme to distribute those Grams into a secondary public market, which would be supported by Telegram’s ongoing efforts.

 

Kevin Castel

U.S. District Judge

According to the judge, this feature does not allow considering the Telegram offer as subject to exceptional conditions. He also noted that Telegram structured its project in such a way as to attract “the maximum number of primary buyers” against the background of the expectation of maximum profit at the time of launch.

Considering the economic realities under the Howey test, the Court finds that, in the context of that scheme, the resale of Grams into the secondary public market would be an integral part of the sale of securities without a required registration statement. 

 

Kevin Castel

U.S. District Judge

Conducting an analysis from the standpoint of the Howey test, the judge stated that buyers expected to profit from participating in the campaign. Moreover, although Telegram may argue that it will not become a guiding force in the further development of TON, “in fact,” it will be precisely this.

The judge agreed to distinguish between non-existent Gram tokens and securities purchased by TON investors, but refused to support Telegram's argument that Gram would be a commodity.

The Court rejects Telegram’s characterization of the purported security in this case. While helpful as a shorthand reference, the security in this case is not simply the Gram, which is little more than [an] alphanumeric cryptographic sequence.

 

Kevin Castel

U.S. District Judge

This is not the final decision, but it can serve as a powerful indicator of what position the court will adhere to further.