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VELIC Secures Investment from Japanese Venture Capital, B Dash Ventures

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VELIC Secures Investment from Japanese Venture Capital, B Dash Ventures
Source: Block 72

Hiroyuki Watanabe, CEO of B Dash Ventures, joins as an advisor for VELIC

VELIC, a digital asset platform based in Singapore, announced an investment from a fund managed by B Dash Ventures, prominent venture capital in Japan. The investment will jumpstart VELIC’s blockchain financial ecosystem, and Hiroyuki Watanabe, CEO of B Dash Ventures, will serve as an advisor to provide further insight and network in the blockchain space.

Last January, VELIC secured a suite of successful strategic partnerships with Deblock, a blockchain accelerator, and ICON, South Korea’s leading blockchain project. Thanks to further investment from B Dash Ventures, VELIC will expand its blockchain financial ecosystem to overseas markets.

VELIC is a blockchain-based financial project that combines blockchain technology and financial services in order to create a new platform for both institutional and retail investors. By providing a transparent transaction process alongside a contribution-based reward system, VELIC aims to build a healthy crypto-financial ecosystem. The VELIC platform will launch a plethora of crypto-related services such as a proprietary custody solution, an exchange, crypto loans, and investment packages.

B Dash Ventures, one of Japan’s most prominent venture capitals, primarily invests in high-growth sector startups which will serve as the backbone of next-generation technology. From early-stage seed investments and late-stage seed rounds, B Dash Ventures strategically invests in a wide range of startups. B Dash Ventures manages various funds created through investments from major telecom networks, internet companies, financial institutions, and others.

Hiroyuki Watanabe, the CEO of B Dash Ventures said,

“I personally believe in the vast potential of blockchain and highly respect VELIC team’s ambitious vision. I am pleased to join as an advisor and look forward to further pushing the boundaries of crypto-finance with the VELIC team.”

VELIC, which is composed of financial experts, has been developing its financial platform since its incorporation in Singapore in 2018. VELIC has taken its first step towards the global stage, officially having launched its exchange service on March 25.

On April 6, VELIC will offer its base platform tokens [VELT] through an Initial Auction Offering [IAO], which is an innovative token offering process and involves a differentiated pricing model from the common IEO and ICO methods. The IAO is an auction process, generally applied in traditional stock markets before or after trading hours, which determines the opening price and the closing price by matching multiple orders for the simultaneous execution of a trade. VELIC is the first project to introduce this methodology in the blockchain space. This approach will allow it to address an increased trading volume, which is typical for initial offerings. VELIC transposed the call auction model to its IAO. VELIC wants to transform the way digital assets are distributed among adopters, and this IAO model seems to be the ideal approach. The largest stake goes to those who want it more. Users can register and whitelist their accounts through KYC verification to partake in the IAO.

[About VELIC]

VELIC is a comprehensive digital asset platform that provides a wide array of crypto-finance products to both retail and institutional investors. VELIC aims to provide crypto-enabled: asset management, proprietary crypto-storage, and cryptocurrency-based loans, all within a single platform.

VELIC is also part of ICON’s Finance DApp Partnership

VELIC has a presence across, Facebook, Twitter, Reddit, Medium, Telegram [ENG], and Telegram [Announcement]

[Introduction of B Dash Ventures]

B Dash Ventures was established in June 2011 to invest in internet/mobile-related startups. The VC focuses especially in ad-tech, gaming, and online media sectors. B Dash Ventures also hosts Japan’s largest tech event “B Dash Camp” twice a year which consists of presentations, panel discussions, and startup pitch competitions.

Contact VELIC:

Jen Jeong, Marketing Manager

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Press Release

Are Blockchain Casinos on the rise?

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Are Blockchain Casinos on the rise?
Source: Pixabay

Over the years, the online casino industry has gone through many changes with new technology allowing for better payment methods and software on the sites. One of the newer additions to online casino sites is blockchain and sites that use this.

Here, we are going to discuss whether we think that blockchain casinos are on the rise or not. Keep reading if you’d like to find out more about these casino sites.

What Is A Blockchain Casino?

Blockchain technology is essentially a system that allows digital information not to be copied when it is being distributed. This technology originally started out as a method for Bitcoin which is a cryptocurrency and now is present in many online casinos. Blockchain was first invented in 1992 and since then it has come a long way.

A blockchain casino is a safe and secure casino that uses this special technology to pass the information on. There are many new casino sites that are already using blockchain technology but is the number of these still rising?

Why A Blockchain Casino?

You might be wondering about the advantages of blockchain casinos and why many casino operators are making the switch to this technology. The main reason for this is that there are many advantages to using this technology. Firstly, there is more transparency and trust and there is also a reduced risk of fraud.

This is something which is very important to many players at online casinos as they want to make sure that they are not passing their details onto a company that is going to sell it on.

When a casino uses blockchain technology, they can also allow players to make payments with cryptocurrencies like Bitcoin which are becoming even more popular in recent years. Of course, there are many other advantages of using a blockchain casino both for the player and the operator. For this reason, we have seen a rise in the number of blockchain casinos online right now.

Issues With Blockchain

There are some minor issues with blockchain casinos that operators are working hard to resolve as soon as possible. The fact that it is new means that there are some general infrastructure issues and the transactions can go through a lot slower than some players would like. Of course, these issues are set to be resolved sooner rather than later.

The Rise Of Blockchain Casinos

From the research done by companies interested in blockchain casinos, it is clear that these casinos are on the rise. In the first quarter of 2019 alone, there was $1 billion of TRON cryptocurrency gambled online. This is a lot of cash and it shows that players are not afraid to try out this new type of casino when it comes to spending their own cash.

Research also suggests that this income came from over 432,000 users which are a lot more people than it would have been in the past when this technology was first invented.

Of course, it is also important to note that the online casino industry is growing at the same time as the popularity of blockchain casinos. It is expected that the online casino industry will earn more than $50 billion this year which is a lot of cash.

With more people playing online in general and the technology improving so much – it is expected that blockchain casinos will become even more popular as time goes on.

Final Verdict

It is clear that blockchain casinos have been on the rise for a while now and they don’t plan on stopping any time soon. As the technology gets more advanced and players can be sure that their details are going to be kept safe, these casinos are set to become even more popular.

On top of this, online casino regulators can rely on technology when it comes to ensuring casino operators are sticking to the regulations. Look out for the rise of blockchain casinos as time goes on and more casino operators start to make the switch to this technology.

We expect more payments being allowed in Bitcoin form as well as the other cryptocurrencies that are gaining a bit of momentum right now.

Source: Buzz Engine

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