Blockchain
Fairspin, the First Blockchain-supported Casino, Takes Online Gaming World by Storm
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
Blockchain
Metalottery Launches Blockchain Lottery Revolution: Zero Fees, Instant Wins and Life-Changing Jackpots in Crypto
A brand-new online lottery portal built on blockchain technology is shaking things up in the world of chance. Metalottery, the first-ever decentralised blockchain lottery platform, officially launched, introducing a new era of transparent, thrilling and rewarding lottery gaming. By combining cutting-edge blockchain technology with the excitement of lotteries, Metalottery offers players unprecedented fairness, security and the potential to win life-changing prizes.
“Metalottery is not just another lottery; it’s a paradigm shift. We’re giving power back to the players by offering a transparent, secure, and exciting lottery experience that’s built for the web3 age,” Dioni Bouropoulos, COO of Poollotto Finance, said.
Unlike traditional lotteries, Metalottery uses Chainlink’s Verifiable Random Function (VRF) to ensure provably fair and unbiased results for every draw. And with new lottery rounds starting every 8 hours, players can enjoy the thrill of winning more often than ever before.
At the heart of Metalottery is the PLT token, the fuel of the platform’s ecosystem that players can use to purchase tickets. Metalottery makes purchasing Pool Lottery Token (PLT) available and straightforward on their website. Players can also spin the “Wheel of Fortune” for additional rewards as well as participate in a growing community of lottery enthusiasts on Telegram and Discord.
Bouropoulos added: “Our platform is designed to be inclusive and accessible to a global audience. By combining innovative technology with a user-friendly interface, we empower players to take control of their lottery journey. We are charging no fees for participation and all proceeds from tickets go towards the jackpot. Our goal is to build the biggest lottery community in the world.”
The post Metalottery Launches Blockchain Lottery Revolution: Zero Fees, Instant Wins and Life-Changing Jackpots in Crypto appeared first on European Gaming Industry News.
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.
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.
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