Cryptocurrency
Announcing The Crypto Gaming United Public Token Sale
The Crypto Gaming United (CGU) token sale will open on TimeX at 2:00 PM UTC on 18 October 2021. (5:00PM Moscow MSW / 10:00PM China Standard Time CST / 1:00AM Sydney AEDT Oct 19)
The emergence of play-to-earn blockchain games has created many opportunities for gamers and crypto investors alike. Crypto Gaming United (CGU) seeks to both leverage and drive the growth of the sector over the coming years through a series of initiatives that will increase access and earnings for players.
CGU tokenomic model
The main source of revenues for CGU is rental of valuable DAO-owned NFTs (like Axies) in return for a proportion of daily income, enabling players to participate in the most lucrative gaming opportunities and NFT owners to monetise their assets. As CGU scales, the influx of new users into play-to-earn games will also have a meaningful impact on the market price of these NFTs.
The CGU token will be distributed to DAO members in return for undertaking a range of activities that promote the initiative and grow the community, including referring friends, creating educational resources, streaming gameplay, and exceeding earnings targets, as well as staking. Demand for CGU is driven by its utility as the native token of the DAO and the means of purchasing different services and upgrades, and by the flow of revenues from gamers into the currency.
Public token sale details
CGU has a total supply of 1 billion tokens, with 26% allocated to investors. A further 40% are allocated to the community, 18% to the project treasury, and 16% to CGU’s founders and advisors.
A $5 million seed round and $10 million pre-IDO round have already been completed, both with locking periods and 3-year vesting schedules.
The sale will take place on TimeX, starting at 2:00 PM (UTC) on 18 October 2021.
25% of the funds collected will be used for developing and bootstrapping the CGU community and DAO, with the remaining 75% being allocated to a Treasury of digital assets, collectively owned by the DAO.
BitLine
BitLine Enhances Onboarding Experience in Collaboration with Jumio: Simplified KYC for Casino Patrons
This collaboration emphasizes convenience, security and regulatory compliance
Through the BitLine app, users can seamlessly transact with up to US$10 million in casino chips 24/7
BitLine, a pioneering provider in the integration of digital assets for direct access to casino chips, proudly announces a strategic alliance with Jumio, an industry leader renowned for its comprehensive know-your-customer (KYC) solutions.
This partnership marks a significant milestone as BitLine streamlines its onboarding process for casino patrons, ensuring a seamless and secure journey into the realm of digital asset-based payments for gaming.
The collaboration between BitLine and Jumio signifies a commitment to delivering unparalleled convenience while upholding the highest standards of security and regulatory compliance. By leveraging Jumio’s advanced technology, BitLine reinforces its dedication to building trust among users and offering a frictionless experience for individuals seeking access to casino chips via digital assets.
Richard Jones, the Chief Executive Officer for BitLine by Ibanera, expressed enthusiasm about the partnership, stating: “Trust and compliance are the cornerstones of every successful casino venture. At BitLine, our vision to innovate this industry through digital assets hinges on maintaining trust and adherence to regulations. Our collaboration with Jumio represents a monumental stride towards achieving this vision, ensuring that casino patrons transact securely and confidently through our platform.”
Echoing this sentiment, Robert E Prigge, the Chief Executive Officer for Jumio, commented: “The evolving landscape of digital assets presents endless possibilities and BitLine’s innovative approach has reshaped the casino industry. By eliminating withdrawal limitations and expanding accessibility, BitLine has ushered in a new era of gaming. We are thrilled to contribute to BitLine’s journey by providing essential elements of security and compliance.”
BitLine by Ibanera grants cryptocurrency owners unprecedented access to up to US$10 million in casino chips, 24/7/365, serving as a conduit for liquidity on the casino floor. Through the intuitive BitLine app, casino enthusiasts worldwide can initiate transactions within minutes, leveraging their digital assets to unlock funds effortlessly.
Cryptocurrency
Payhound empowers LSports with a seamless solution to receive payments
The post Payhound empowers LSports with a seamless solution to receive payments appeared first on European Gaming Industry News.
Cryptocurrency
Crypto Casino Lucky Block Partners with MMA Legend Michael Bisping
Global MMA legend Michael Bisping has signed a sponsorship deal with the fast-growing top-tier crypto casino Lucky Block.
The tie-up between the Mixed Martial Arts and UFC superstar and the premium sportsbook and casino entertainment platform is a win-win for Bisping fans and Lucky Block’s swelling customer base of highly engaged players.
This deal secures opportunities for both parties by leveraging the valuable synergies present in the colliding worlds of sports and online gaming.
Through securing the sponsorship deal with Michael Bisping, Lucky Block is joining the big league of crypto casino industry leaders who understand the business impact of top-level sports sponsorship deals.
Aligning with the world of competitive sports, Lucky Block is not only endorsing a celebrated athlete but is also tapping into the fervent sports fan base that is growing by leaps and bounds. Together, Lucky Block and Michael Bisping are bridging the gap between traditional sports and the burgeoning world of crypto-based betting.
Damian Jacobs, Lucky Block community and growth manager commenting on the sponsorship deal, said: “We are pleased to announce our sponsorship of UFC icon Michael Bisping. We believe this deal will be a powerful catalyst as we embark on the next leg of our journey to lead crypto gaming’s conquest of the online sports entertainment and betting industry.
“This partnership shows that Lucky Block can mix it up with the other industry leaders. Our sponsorship of Michael Bisping shows we understand the importance of developing and exploiting the brand projection potential at the intersection between the sports domain and the disruptive power of crypto betting.”
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