Distributed database that is used to maintain a continuously growing list of records, called blocks
An open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements
Gambling is one of the most popular profitable entertainment industries in whole world. Nowadays, there are a lot of casinos and other gambling solutions online. But the main disadvantage of these projects always became security.
Blockchain technology draw the attention of gambling industry fast. It can provide necessary security level for this industry by transparency and decentralization.
In last year a lot of gambling blockchain-projects appeared, some of them gained big funding. These projects' success bring more popularity for blockchain usage in gambling and new platforms appear regularly.
On the June 29th at 01:00 PM GMT new gambling blockchain project starts a token sale - Dao Casino. ICO will last for 28 days or until maximal goal reached. Project is designed to create new ecosystem for blockchain gambling industry.
How it works DAO.Casino
The main feature of Dao Casino is that this solution will allow to "built-in" a blockchain technology in any gambling product. This will provide the transparency and fairness to the games. Also, developers will create new roles - "bankroll sponsor" and "random provider".
Creators assure that this protocol will help all industry members, such as game developers, casino operators, referrals and players cooperate without the need of 100% trust. Game developers will become independent from the casino operators.
Developers plan to gain 25 000 000 $ in ETH, without minimal crowdfunding target. Project development will continue regardless of the amount of funds collected.
On the first day of the campaign, participants will be able to purchase 2000 BET tokens for 1 ETH. In 13 days, participants will be able to buy only 1800 tokens for 1 ETH. Further, the amount of BET tokens purchased will decrease by 100 every three days until the end of the campaign, which is scheduled for July 26, 2017.
On 20th of June, the prototype of this platform was presented. In had 3 games - a beta version of blackjack, dice and "Hack DAO".