True Flip into a partnership with DAO.Casino

True Flip announces a strategic partnership with DAO.Casino to improve user experience
27 July 2017   1634

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

True Flip, the provably fair international blockchain lottery, enters into a strategic partnership with DAO.Casino, the decentralized gambling protocol. 

As TrueFlip is rather centralized yet, we are considering an integration with an innovative platform for gambling projects called DAO.Casino. This brand-new platform can give to TrueFlip total decentralization through use of smart contracts.

True Flip’s White Paper

As reported, True Flip will undertake the development of a decentralized lottery game on their platform utilizing DAO.Casino’s gambling protocol.project. 

The two partners have a mutual interest. Thus, Nikita Parhomenko, True Flip COO, claims that True Flip is committed to provide the ultimate user experience and the general idea of extending their product line was stated to be among the first major improvements following the crowdsale. The platform is therefore, moving on with the Roadmap goals by rapidly implementing DAO.Casino’s ‘excellently crafted solution’. As for the DAO.Casino team, it is believed that this implementation will be a great illustration of the ways their innovative protocol can benefit all sorts of online gambling services and the entire online gambling community.

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   78

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.