CasinoCoin: State of the Token
Welcome back to this edition of the CasinoCoin blog. This will be our biggest blog to date and will contain new information for everyone.
As of this writing, nearly 90% of the swap has been completed. This is amazing and shows that CasinoCoin has a very active community. Within a week of the swap starting, the backlog for KYC was reduced to zero and typically swap times are now less than 24 hours.
Began: April 20, 2021
Ends: June 18, 2021
Note: If you swapped early in the process your account might have ‘Rippling’ enabled. This MUST be disabled as soon as possible. Please follow the link or scan the QR code on the infographic below from within your XUMM application to check and/or fix the flag.
If you have completed the swap with our tutorial and haven’t received your CSC(XRPL) within 48 hours, be sure to contact support (firstname.lastname@example.org). Please note: 90% of all support requests are users that did not tap ‘Continue’ on step 19 of the swap tutorial. Please scan the QR code below to verify that you have done this before contacting support.
If you have not swapped yet, please withdraw your old CSC from exchanges and follow our tutorial.
Out with the old, in with the new. CasinoCoin is the leading issued token (not serving as a bridge currency) on the XRP Ledger. The XRPL has many advantages that include XUMM Wallet integration, enhanced security, lower fees, team focus, exchange integrations, and reduced KYC costs. We’re just getting started on the XRP Ledger and we’re enthusiastic about the contributions that we can make to the ecosystem.
Allow us to take a moment to show our appreciation for some of the partners who supported us during the swap and will continue to do so in the future.
XUMM (Wallet/Swap Support)
XRPL Labs and the team behind the XUMM Wallet have brought a concept to the table that has set the standard for coin swaps. We expect many other tokens to utilize XUMM for both swapping to the XRPL and as a wallet. Thank you Wietse and XRPL Labs!
All XRPL explorers support CasinoCoin. However, one community member built an explorer that has nearly every imaginable metric. If you’re looking for a CasinoCoin explorer, casincoin.info has you covered. Thank you Chris (FlyingFox)!
LiveCoinWatch (DEX API)
As there was lack of proper reporting, we built an API that reports CSC DEX volumes properly, and LiveCoinWatch was the first aggregator to integrate it. We are currently expanding and fine tuning it for all CasinoCoin pairs. Once that is done and tested, we will expand this to every pair traded on the DEX. Thank you LiveCoinWatch!
Marketing and the CasinoCoin brand were fully revamped over the last month. Some of the highlights include a new website, reworking our social media presence, blog articles, sales deck, as well as ensuring that data aggregators are up to date.
The website and domain of CasinoCoin were updated for the swap. The look was modernized and we will continue making enhancements as we go forward.
Visit us: www.casinocoin.im
The presence of CasinoCoin on social media is growing at an incredible rate. Twitter continues to lead the charge in terms of followers, impressions and overall activity. LinkedIn, Facebook, Instagram, and Reddit have been rebooted and discussions have been ramping up on all of them. Each has updated branding and links. Make sure to follow us as we frequently post on a regular basis. You can find links to our social media at the bottom of this article.
CasinoCoin has had four blog articles in the last month. We intend to keep these on a regular schedule going forward, so be sure to follow us on Coil and be on the lookout for them.
We have a brand new sales deck and have begun sharing it with potential partners. This will be released very soon.
As is usual with a swap, we need to contact all data aggregators to be sure that they are displaying the correct information about CasinoCoin. This is an ongoing process and we will continue to do our due diligence.
We believe that CasinoCoin is a unique prospect and we want to make sure everyone knows even more about it. We’re going to focus on our reach and expand into new arenas. CasinoCoin has a large, loyal following that’s growing fast; the number of people willing to share our ideas is staggering. Go ahead and share your knowledge of the CSC token with people you know. If you have suggestions for marketing or you’re interested in a potential partnership with CasinoCoin, we would love to hear from you.
Eminence Ltd, is building an xApp that will act as a lobby in the XUMM Wallet on the XRPL.
The latest XUMM Wallet version includes a new functionality called xApps. An xApp is a web application embedded in the XUMM Wallet that fulfills a specific function or addition to the existing wallet. In the case of CasinoCoin, we have created a new application called the CasinoCoin Lobby. This new application will be made available in the XUMM Wallet once it is released.
The main function of the CasinoCoin Lobby is the ability to sign up, deposit and withdraw to and from casinos via your wallet. As the XUMM Wallet already has KYC verification built in, you will be asked to allow the CasinoCoin Lobby to access that information on start up. This will facilitate the registration with potential casinos as they can authorize users coming from the CasinoCoin Lobby.
Deposit and withdrawals will be as quick, easy and very cheap – as fast as 5 seconds with a cost as little as $0.00001 USD (based on current XRP prices). Other functionalities that will be included in the Lobby xApp are setting Gaming Limits, Self Exclusion and more.
Our staking program will be available soon and allow us to offer great rewards for simply holding your CSC and keeping them safe. Staking will initially take place on 3rd party services, and we are looking into creating a specific solution that is on chain. Initially up to 10 billion CSC can be locked.
Our current strategy with exchange listings is to get listed on tier two exchanges, build volume, attract new customers, then list with the bigger top exchanges. We are currently on track to get listed on additional exchanges very soon. Currently, if you are interested in purchasing CSC, it is available on both DEX and CEX.
STEX (pending relist)
ETA: June 10
CasinoCoin has signed an agreement with a Tier 2 exchange. We have a great relationship with them and the listing will be fast tracked so we can start trading sooner rather than later. This is a springboard to our goal of being listed on as many exchanges as possible. We want to be sure that anyone who wants to purchase CSC can do so easily.
We are in the process of entering an agreement with a top 15 exchange but we cannot disclose this yet. More to be revealed as soon as the deal is inked.
CasinoCoin was brought to fruition as a platform for operators and users to utilize as a payment solution that benefits both. CasinoCoin benefits the user by offering affiliate bonuses and rakeback. Operators benefit by an increase in user traffic and volume.
The result of our work is just around the corner. The first phase of the CasinoCoin agenda begins now. Phase one of our plan is to partner with Tier 2 casinos focused on provably fair games and regulated by Curaçao. With the xApp near completion and tests in progress, our two current partner casinos have begun integrating CSC natively on their platforms. Expect to be playing at your favorite casinos with near instant deposits and withdrawals soon!
CasinoCoin has experienced a major transformation over the past half year. We’re excited about our progress and what we stand to accomplish in the future. CasinoCoin is no longer just an idea on the drawing board, its use case is evident and defined.
As we move towards the second half of the year, CasinoCoin will advance our agenda on all projects and become the leading gambling cryptocurrency token. Our goals are clear: finish the swap, increase our reach and engagement, introduce staking, and continue to add more exchanges and casinos to our list of partners.