Blockchain technology has transformed the way finance works since the launch of bitcoin over a decade ago.
New concepts have emerged over time, and the blockchain industry has grown significantly.
Online gambling is an area where blockchain technology has potential, and an innovative project KoinSwap intends to be the frontrunner in this sector.
KoinSwap integrates online gambling with popular crypto concepts like yield farming to provide users a comprehensive blockchain gaming experience.
Transforming the online gambling industry
KoinSwap focuses on decentralizing the online gambling sector by introducing a transparent and fair ecosystem.
Most online casinos use unfair practices like limiting gamers’ accounts following successful betting streaks and placing limits on winnings that can be withdrawn.
KoinSwap is built on blockchain and utilizes smart contracts deployed to ensure that the entire gaming process goes on smoothly.
Therefore gamers can play games with the security that funds will not be frozen or accounts closed with no valid reasons.
The blockchain protocol also caters to game developers by providing an easy way to create gambling games without the current restrictions of the gaming industry.
For example, there is little information online on creating popular gambling games like slot games, getting them certified, and publishing them.
This is largely due to the monopoly of the online gambling scene by a few casino operators limiting innovations. KoinSwap changes this with its innovative proof of concept and documentation that details the entire process from creation, auditing, and publishing games.
Furthermore, KoinSwap has partnered with leading auditing company CertiK to create an innovative auditing engine that ensures games get audited automatically and at a lower fee than what is obtainable in the market.
This measure will ensure that new games are created within the gambling industry and position KoinSwap as a leading decentralized gaming platform.
Unique earning opportunities
KoinSwap also integrates different earning mechanisms to incentivize gamers, developers and ensure that its community grows exponentially.
For example, traditional casinos have what is called the casino edge. The casino edge is the percentage of profit assured to a casino operator for every game played.
The casino edge ranges depending on the game, and KoinSwap estimates that it would be between 4% to 6%.
KoinSwap shares the profit in a fair distribution way that has been deployed within its smart contract.
1% To Koin Developers
1% To Liquidity Providers (to allow ever-increasing bet sizes for the end-user)
1% To Dev of the game
1%+ To Marketing / Development / Tests / Giveaways
To put this in perspective, if 1000 people wager $2000 daily each and the casino edge is 4%.
The, $20,000 will be allocated to Koin developers, liquidity providers, game developers, and the marketing team, respectively each, daily making it an incredible return based on genuine growth for a developer’s time liquidity provider’s investment
Koin Token Presale
KoinSwap will be powered by its utility token KOIN. KOIN is designed to incentivize holders that participate in different activities within its ecosystem, such as providing liquidity.
The token is built as a BEP 20 token and leverages the scalability and low-cost characteristics of the Binance Smart Chain network.
KoinSwap recently created and alpha-tested the proof-of-concept flagship game and has released it for players. In addition, a $20,000 KOIN campaign has also been launched to provide users with Tokens they can use to Play and Trade.
KoinSwap plans to launch a pre-sale of KOIN in the coming weeks and allow users to purchase the tokens at the best possible price in the coming weeks.
KOIN is the initial currency issued, and following the successful launch of phase 2 on the roadmap, holders will be issued 100% of the Koin-T tokens based on their participation in the Koin Pre-Sale.
KOIN-T is the main token that has a finite cap and will be the utility token of the KoinSwap ecosystem in the future. It should be noted that only those that purchased KOIN tokens during the pre-sale will be eligible to receive KOIN-T tokens. KoinSwap is already building real-life use cases for Koin-T and has already purchased a market similar to e-bay powered by cryptocurrencies.
The KoinSwap team has also stated its intention to expand its ecosystem significantly after the pre-sale. This includes improving its existing infrastructure and launching more products in the coming weeks.
KoinSwap has shown vision and innovation with its intentions to transform the online gambling industry. It is a user-oriented platform, and its partnership with CertiK will help developers produce innovative games.
The upcoming pre-sale provides a unique opportunity to bag Koin tokens and become part of this trailblazing blockchain movement.
To learn more about KoinSwap, visit its social networks below.