Blockchain

Fairspin, the First Blockchain-supported Casino, Takes Online Gaming World by Storm

Published

4 years ago

February 24, 2020

An online casino that lets players make buy-ins with cryptocurrency, Fairspin has already generated 53,000 Etherium – currently worth almost $14 million – in winnings

The world’s first-ever blockchain-supported online casino, Fairspin is revolutionizing the world of digital gaming by providing players with much greater transparency and security. Through its use of the TruePlay blockchain platform, Fairspin also lets players make buy-ins in their preferred cryptocurrency, including Ethereum, Bitcoin, Tether, Cardano and Dash. Since first coming online in late 2018, Fairspin has generated a whopping 53,000 Ethereum – almost $14 million by today’s exchange rate – worth of payouts.

Unprecedented transparency

All transactions and statistics (including bets, payouts, bonuses, balances and probabilities) can be easily monitored on Fairspin’s website and verified on a blockchain explorer. Using this publicly available data, Fairspin highlights its most lucrative games in terms of total payouts. Within the past month, these have included ‘Steam Tower Touch’ ($2,058) and ‘7 Sins’ ($1,283).

Available in eight languages, Fairspin offers a range of classic casino games, including slots, roulette, lotto, and card games, among others. Fairspin players see frequent jackpots. One player recently won $4,355 playing the ‘Book of Gold’ slots game, while another made $3,799 (off a single $10 bet) in ‘Shaolin Spin’. With a view to rewarding its most loyal players, Fairspin recently introduced a ‘VIP Club’, members of which receive special bonuses with every new deposit they make.

TruePlay tokens: Digital gambling chips

Players can make their deposits in cryptocurrency, which are then automatically converted into TruePlay (TPLAY) tokens, with 1 Etherium (or its equivalent) buying 1,000 tokens. These unique tokens were specially designed and developed by the TruePlay blockchain platform, which meticulously records and tracks all token activity. Players can use these TPLAY tokens to place their bets in the game of their choice. When players are ready to cash out, their tokens are reconverted into the currency in which the initial deposit was made. Because TPLAY tokens were developed exclusively for gaming on Fairspin, they are not subject to price volatility.

About Fairspin:

Fairspin is a blockchain-based online casino that operates under the Curacao gaming license. The online casino partners with the leading online gaming providers including NetEnt, Microgaming, Spinomenal and more. Fairspin’s platform is available in English, Russian, Polish, Turkish, German, Spanish, Portuguese, and Japanese.

SOURCE Fairspin

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Blockchain

JuicyBet Launches Its Innovative GambleFi Platform

Published

14 hours ago

May 2, 2024

GamingAmericas.com

juicybet-launches-its-innovative-gamblefi-platform

JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.

What is GambleFi?

GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.

How JuicyBet works

JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.

All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.

However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.

First, the tokens provide access to betting.
Second, token holders get their share of the platform’s profit.
Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
And finally, DAO participants can also perform the role of oracles for bets and earn rewards.

In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.

In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.

JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.

Blockchain

Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

Published

1 week ago

April 25, 2024

Wladimir P.

kore-digital-mining-ltd-announces-additional-14-ph/s-bitcoin-mining-capacity

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Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.

Blockchain

HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader

Published

4 months ago

January 9, 2024

George Miller

hipther-announces-major-expansion-into-fintech,-blockchain,-and-ai,-reinforcing-its-position-as-a-diverse-industry-news-leader

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Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.

Focused Expansion for a Diverse Audience

The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.

Enhanced Digital Presence and Accessibility

Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.

Unwavering Commitment to Quality and Insight

HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.

Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”

For more information, please visit HIPTHER.com