Blockchain
Parabolic Announces the Multichain Relaunch of its Token with a GameFi Twist
After a successful parabolic run when it first launched in October last year, Parabolic is now re-launching as a multi-chain platform. The new platform will initiate a launch on ETH, BSC, Fantom, Matic, and AVAX on the 21st April 2022! Along with an upcoming tier 2 exchange listing that is planned after launch, Parabolic plans to be a powerhouse in crypto-style casino games that will one day be available in its very own MetaVerse!
The debut game from Parabolic is a unique launch simulation crash game with mid-game cashouts and a chart that climbs and collapses. The game is finally going to be made public after 6 long months of development.
The platform has also just released a Gleam Giveaway Competition with a grand prize worth $1000. One lucky winner will receive $1000 worth of Parabolic Token after Game Launch, while 100 more lucky winners will receive $10 worth of Parabolic after Game Launch. In order to participate and stand a chance to win the grand prize users must complete actions on the gleam competition to get entries. The more entries you have, the higher your chance of winning!
The Parabolic team has also commissioned one of the most respected contract developers in space to build their new bridge. Utku Alpagut from dapprex.com is a renowned developer with an impeccable record to back it up. His involvement with the Parabolic ecosystem only signifies the potential that this GameFi project holds.
This new crash game will offer much more excitement than any other similar game on the market. The game is very engaging and immersive. At the beginning of each round, players will place their bets by depositing the amount of parabolic token they wish to gamble. As the round progresses the trading chart will become more and more parabolic increasing the bet multiplier. The aim of the game is to cash out before the chart rug pulls (crashes). The gameplay is based on crypto trading charts and is designed to look that way also. To place your bet, you ‘Buy’ tokens, and to cash out you ‘Sell’ Tokens. A portion of the house edge is then burned and removed from circulation, enhancing the token’s value for all holders.
There are several elements that distinguish this crash game from the rest. One of them is a one-of-a-kind feature that allows users to cash out a percentage of their wager while playing live. 50% of the house edge profit from the parabolic game will be burned to boost the coin’s value for its owners. The remaining 50% of profits will be put aside for game liquidity. With a large amount of game liquidity, winners will always be able to be paid out on schedule. The transaction taxes of the Parabolic Token include:
Transaction Taxes:
3% – Unique Buy Back
3% – Deflationary Burn
3% – Auto Liquidity
3% – Game Development
What makes the Parabolic ecosystem so Lucrative
When Parabolic burns tokens, it entirely eliminates them from the supply, unlike most coins that simply transfer burnt tokens to a dead address. As a result, the liquidity to market cap ratio is constantly decreasing, raising the value of users holdings in respect to the market cap. The project expects it’s tokenomics to wipe out a high percentage of the supply within the first 24 hours of its debut.
Holders of Parabolic Token will also not be hit by exorbitant taxes. Instead, every penny collected from transaction taxes will be invested back into the project. The Parabolic team have given their commitment to providing the best crypto experience to all their valued investors.
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Blockchain
DeGaming launches Web3 iGaming platform, names Ulle Skottling CEO
DeGaming has launched a Web3 iGaming platform and appointed Ulle Skottling as CEO, with the company positioning on-chain operations as a way to improve transparency across operators, affiliates and players.
The platform’s core product pitch is its proprietary “Glass Vault” technology, which DeGaming says provides real-time proof of funds and independently verifiable visibility of balances, transactions, and payouts.
DeGaming is also offering “Bankroll as a service,” routing transactions through its on-chain transaction engine to provide operators access to scalable liquidity for withdrawals and platform stability. The company said this is designed to reduce friction for operators trying to scale, while giving players visibility into the funds available on the platform.
The supplier said its unified platform combines game access, player account management (PAM) and reporting in a single blockchain-native operational engine. DeGaming added that operators can launch a customisable casino or sportsbook in “as little as two weeks,” including crypto and fiat deposits, automated payouts and a back-office.
Skottling joins as CEO to lead what DeGaming called its next phase. He has held senior roles at RAW iGaming, Videoslots and NetEnt. Skottling said: “The industry has evolved rapidly, but transparency and trust have not kept pace. It runs on what you can’t see, whereas we have built a platform that you can. We are challenging the model and defining the new standard for gaming infrastructure.
“Our Glass Vault technology gives operators, affiliates and players independently verifiable visibility into platform activity and funds in real time. The future of gaming will be built on openness, accountability and infrastructure that all participants genuinely trust.”
Emil Ahmed, co-founder of DeGaming, added: “Appointing Ulle as CEO is an important step in DeGaming’s next phase. We have built the platform around a clear belief that gaming needs more transparency, stronger infrastructure, and greater operational trust. Ulle brings the industry experience, commercial understanding, and leadership needed to take that vision to market and help operators launch with confidence.”
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Blockchain
Blockchain.com Opens Malta Office to Anchor European Operations
Blockchain.com announced the official opening of its Malta office, marking the next step in the company’s European expansion and its long-term commitment to building regulated digital asset infrastructure across the region.
The new office will serve as a strategic hub for Blockchain.com’s operations across Europe following the company securing its Markets in Crypto Assets (MiCA) license from the Malta Financial Services Authority (MFSA). The license enables Blockchain.com to passport regulated crypto brokerage services across the European Economic Area under the EU’s first comprehensive digital asset regulatory framework.
“We didn’t pick Malta by accident. Malta has taken a thoughtful and forward-looking approach to digital asset regulation. At Blockchain.com, we’ve spent over a decade building a brand of trust and integrity, and we’re bringing that same professional-grade standard to users across Europe. This office represents our commitment to building trusted, compliant infrastructure for the crypto market,” said Nic Cary, Co-founder and Vice Chairman at Blockchain.com.
Blockchain.com’s Malta office will support a range of functions including regulatory engagement, operational development and retail client services across the European market. The company will soon launch its institutional business, partnering with some of the region’s leading licensed firms.
Blockchain.com operates in more than 70 jurisdictions worldwide. Since 2011, Blockchain.com has processed over $1.2 trillion in crypto transactions, created more than 90 million wallets and verified over 40 million users. As a global crypto brokerage, Blockchain.com provides individuals and institutions with secure access to digital assets while maintaining a strong commitment to compliance, transparency and security.
The post Blockchain.com Opens Malta Office to Anchor European Operations appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Blockchain
SCCG Management Partners with Coinspaid to Support the Expansion of Blockchain Payment Infrastructure for Gaming Businesses
SCCG Management, a global advisory firm serving the gaming industry, has entered into a strategic partnership with Coinspaid Solutions, a blockchain payments infrastructure provider, to support go-to-market efforts for crypto-enabled payment solutions across selected gaming markets.
Under the partnership, SCCG will support Coinspaid’s business development, strategic introductions and commercial expansion across gaming operators, platforms and technology providers. SCCG states that it works across iGaming, sports betting, tribal gaming and broader gaming technology, drawing on more than 30 years of industry experience.
Coinspaid’s infrastructure enables businesses to accept more than 20 stablecoins & other cryptocurrencies, automate conversion into 40+ fiat currencies, and manage payouts and treasury operations through a single infrastructure layer with API and plugin-based integrations. The company also states that it builds compliance into onboarding and payment flows, including AML/KYC/KYB controls, on-chain monitoring, MLRO oversight, ISO/IEC 27001 certification and independent audits.
The partnership will focus on helping licensed gaming businesses evaluate where crypto payments can improve settlement speed, expand payment optionality for cross-border audiences, and streamline payout workflows, subject to jurisdictional review, onboarding and applicable regulatory requirements in each market. Coinspaid also highlights rate lock at checkout, automatic fiat conversion and final settlement on eligible crypto payment flows.
“As gaming businesses continue to expand across markets, the demand for payment infrastructure that is both commercially effective and operationally resilient is only increasing,” said Stephen Crystal, Founder and CEO of SCCG Management. “Coinspaid Solutions brings together payments, payouts and compliance in a way that aligns with how many operators are thinking about growth today. We are pleased to support their expansion through our network across gaming and gaming technology.”
“At Coinspaid, we see sustainable growth in gaming as a combination of product capability, operational reliability and a compliance-first approach,” said Max Krupyshev, Co-founder of Coinspaid. “Our partnership with SCCG is designed to help businesses assess where stablecoin payments can add real value from player deposits and payouts to treasury operations, while keeping regulatory and risk considerations central to implementation.”
The partnership will also include coordinated business development and educational initiatives, including executive introductions, and educational content for operators and technology partners exploring blockchain payment infrastructure.
The post SCCG Management Partners with Coinspaid to Support the Expansion of Blockchain Payment Infrastructure for Gaming Businesses appeared first on Americas iGaming & Sports Betting News.
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