True Flip Enters The Slot Market With Chain’s Code

True Flip, the blockchain fair games operator, has developed and launched its first slot game
05 April 2018   3932

Lotteries give a chance to dramatically change one’s life for the better. This chance has always drawn the attention of millions of people around the world for the past 500 years, giving them hope to improve their financial condition. True Flip’s goal is to become the most popular and transparent international blockchain platform of fair games that offers the biggest Jackpots and prize funds in the world.

True Flip, the blockchain fair games operator, has developed and launched its first slot game!

Chain’s Code is available now at cc.trueflip.io with bets starting at 0.000020 BTC and up to 5 BTC as the Superprize. Chain’s Code features a single-line slot machine with a centralized play button for speed, ease of use and substantial replayability. Draws take place every 10-15 seconds, making Chain’s Code the fastest game from True Flip so far.

With their fast and captivating gameplay, so-called 'slot games’ are among the most widely-adopted iGaming products across the globe. Our decision to develop a slot machine game follows our long-term strategy of acquiring additional markets through the reinterpretation of admired, classic games. We expect Chain’s Code to become the strongest competitor to similar top-tier products and to bring new players to Trueflip.io.
 

Konstantin Katsev

CMO, True Flip

Based on a provably fair blockchain solution, Chain’s Code has a built-in multiplier which exponentially increases the possible win. Six major cryptocurrencies are accepted. All payouts are in Bitcoin.

True Flip started as a popular single game with daily draws and a huge jackpot. Based on our comprehensive analyses, we’ve been developing new games to provide a different experience to our players. Chain’s Code is perfect both in terms of appearance and gameplay: it’s smart and simple, but endearingly cute. This product meets the highest standards our users and partners could ever imagine.
 

Nikita Parkhomenko

COO, True Flip

About True Flip

True Flip is a blockchain fair games platform, drawing from the advantages of distributed ledger technology. These include overall transparency of processes such as random number generation, ticket purchases, prize distribution, and our innovative approach to the financial aspects of iGaming.

True Flip has released three games, with more in development, and has presently attracted more than 170,000 registered players. As a result of its successful crowdsale in July 2017, the current Jackpot is a massive 400 BTC which keeps growing with every ticket sold. The platform offers self-developed customer products available on trueflip.io and a range of B2B solutions for iGaming operators, affiliates and integrators.

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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   109

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.