DAO.Casino ICO starts on the 29th of June

Perspective blockchain platform is designed to bring transparency and decentralization to the gambling industry
29 June 2017   1226
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks
 

Ethereum

 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.

dao casino token saleHow 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".

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.