Host : Hello Everyone please welcome @acnuck , cryptoiz will have our AMA session with CasinoLand.Network Team today.
Your welcome we have wait you for AMA today. Before we start can you introduce yourself to our community 😇
A : Good day everyone, I’m Big Boss, COO from CasinoLand. I used to work as a Security Advisor for mid & large size betting projects. Our team consists of individuals who have experience in managing online casinos. Today I’ll do my best to answer all the questions from community.
Q1. Can you describe to our community in detail about CasinoLand ?
A : Basically, CasinoLand is a Tech Provider that offers to build a decentralized casino platform developed on a blockchain, which guarantees its perfect transparency. Games developed by CasinoLand follow the PVP mechanism, in which players compete against each other. Such technology removes any manipulations of the House and provides complete transparency in gambling.
Our mission consists of: Tackle down the old and outdated gambling methods, bringing in a fresh breeze to the industry, remove the advantages and of the House, get rid of any manipulations or rigged results, combining Defi with gambling to maximize the benefits of player. With CasinoLand, winning is not the only way to make an income anymore.
More particularly, CasinoLand is going to launch a product to feature DeFi on our Casino platform. Through DeFi, token holders can earn passive income.
Q2. Gambilng industry is the fastest grow industry, what CasinoLand Target until Q4 2020 ?
A : -Release Bet Sport: Soccer and Basketball
-Release Website V2.0
-Release Whitepaper V2.0
-Online marketing campaigns
Especially with the Bet Sport: Soccer and Basketball platform, we expect to attract a big number of players to join the platform. They are the two betting games that we’re trying to optimize the interface. Also when we roll out the MVP to feature DAOCasino, players can see the advantages of CasinoLand compared to other platforms.
Q3. CasinoLand will doing an token sale, can you give us detail about token sale like softcap,hardcap, and token metric ?
A : Token metric can be found on our website at casinoland.network. But for the convenience, I’ll post it here:
1/ Token metric:
10% Team: 100,000,000 CLN (Unlock after 2 years)
20% Staking rewards: 200,000,000 CLN
20% Gambling rewards: 200,000,000 CLN
20% Reserve funds: 200,000,000 (marketing, partners, game development, etc)
10% Token Sale (Unsold token will be burned): 100,000,000 CLN
10% Liquidity: 100,000,0000 CLN
10% Airdrop/Bounty/Community
2/ Private sale details:
Price: $0.0066
Supply: 75,000,000 CLN (7.5% of total supply)
Accepted payment: USDT (ERC20)
Soft cap: $100,000 / Hard cap: $500,000
Min: $500 / Max: $20,000
For more information regarding our Private sale, please visit: https://medium.com/@casinoland.network/announcement-casinoland-tutorial-official-schedule-for-private-sale-28e0530ddbac
Q4 . What an advantage for user that invest or buy CSL on token sale ?
A : CLN is the native token of the CasinoLand platform so we focus on how players and investors can benefit from it. Currently, CLN holders will have the following benefits:
-Use to play games on the platform
-Participate in Lending/Staking to share the 20% profit from CasinoLand
-Rewards to borrowers and lenders in each assets with new CLN tokens being distributed at every block of Ethereum. Approximately 68,492.5 CLN per day are released to users.
-Participate in voting system for DAOCasinoLand platform. In addition, we also use 20% of CasinoLand profits for buyback & token burn.
-Especially, holders of CLN can become a Banker or a recruiting agent of CasinoLand (We will announce how to join soon).
Q5. What event available for now on CasinoLand platform ?
A: Currently we have a demo for Dice and a MVP for Staking feature (will be released next month for everyone to participate in staking to receive bonuses and many more new functions). And we are completing the integration of Casino Games with DAOCasinoLand, enabling players to receive a lot of profits from the platform. This can be expected to roll out in Q1/2021.
SEGMENT 2 TWITTER QUESTION
Q1 : Addiction to gambling games could be a severe problem, how do you take part in ensuring the mental health of your user, is there a limit of hours played daily? And how can I deposit my crypto to start playing? What is the minimum deposit and withdrawal amount?
A : As for the gambling problem, we’ve taken that into account. Most of the Gambling platforms nowaday doesn’t have any limits on accounts or age restrictions. but for CasinoLand we will require users to perform KYC before they can take part in gambling, of course other Defi features such as staking, or lending won’t be required.
CasinoLand doesn’t keep users assets on site. So to participate in gambling, you can connect Metamask with the game, all transactions are managed by smart contract. 👍🏻
Q2 : What is Casinoland strategy in dealing with this large crypto market? I mean in handling investors to keep trading at CLN tokens, adding new communities, increasing market liquidity. Also, what are your own targets for 2020 and beyond ?
A : it’s a good question. For us, Casinoland is a bridge that connects the potential online gambling market with cryptocurrencies via Defi and Blockchain. We will do everything in our ability for traditional players to feel the advantages and benefits of Blockchain and Defi. Slowly, they will love and support CasinoLand.
To convince users to hold CLN for gaming, staking … on the CasinoLand platform. We are working to integrate a payment gateway similar to Bitpay to help players convert Crypto – Fiat more smoothly.
I was looking at your website and realized that the only game you have available is #dice, When will the other games be available?
Q3 : I was looking at your website and realized that the only game you have available is #dice, When will the other games be available?
A : Appreciate the question @molestika. Actually, we have a couple blockchain based games like Pokers, Slot machine, Blackjack, etc. But they are no different from centralized games. We are working on integrating the PVP mechanism into these games before releasing them. You can expect more selections in Q4/2020.
Our Dice game is a testnet to prove that PVP mechanism is actually possible in gambling with blockchain infrastructure, and can maximize the transparency. 👍🏻
Q4 : Most gamblers are now losing their trust in traditional betting game. So what role does blockchain play in the Casinoland Network platform? How do you solve liquidity issues and how to ensure user asset security?
A :Most gamblers lost their trusts in traditional betting game because the odds always favor the House, thus they are guaranteed to lose as time goes by.
CasinoLand does not aim to develop such generic gaming mechanism. By integrating the PVP mechanism into gambling, we remove any unnecessary manipulations from the House, now that the House doesn’t gain or lose from the outcomes of the bet.
Q5 : In some countries, gambling is illegal. So is the market of CasinoLand not potential? How has the technology of casinoLand been applied?
A :Of course not, the value of the market reached nearly $449.3 billion in 2018, that’s a compound annual growth rate (CAGR) of 4.1% since 2014. Now the expected growth of the market is going to reach 5.9% of a compound annual growth rate, and the size of the market will be at $565.4 billion by 2022.
Due to the Covid pandemic, we have seen more and more people switching to Online Casinos as the form of entertainment. So, the market of CasinoLand has a huge potential.
SEGMENT 3 LIVE QUESTION
Q1 : Is it only possible to play at CasinoLand with $CLN or is it possible to use other erc-20 tokens? By the way, do you accept the use of fiat currencies or just tokens? Thank you!
A : Hello Jhonathan, for gambling and Banker feature we only accept $CLN to maintain the value of tokens. But for DAOCasinoLand, a wide range of cryptocurrencies including $CLN will be accepted. Unfortunately, at the moment we do not accept Fiat, not until we’ve integrated a payment gateway. 👍🏻
Q2 : Gambling platform games are a big risk bet, what happens if the game is adopted by millions of people, will the Casinoland network be able to support it? about your focus on DeFi, how is it different and better than other projects?
A : It’s only risky when you play with the House at centralized Casinos. At CasinoLand, the House has no other functions beside providing a stage for players. Due to blockchain infrastructure, activities are manage by smart contract and occur on blockchain. This allows us to lower the burden on our server, so a high traffic won’t be a problem. About Defi, we have better way to make profit, since Online Casino is a profitable business.
Q3 : • Lately the competition between casinos on the blockchain is quite close. What features does CasinoLand have that other platforms do not offer? Why should we play at CasinoLand?
A : Thank you Alejandro. It’s safe to say all offline & online casinos are centralized and are using Player vs the House system. The odds always favor the House, they can ban you from the casino if you happen to make too much winnings. These issue won’t happen with Casinoland as we implement the PVP (player vs player) systems. In this system the House doesnt need big payout pools or high maintenance cost. Opposite to traditional casinos, we provide fair odds in our game. If you are an experience gamblers, you can make good income without being kicked out. 👍🏻
Q4 : how is the endurance of your funds if there are winners who get a big enough prize? is there a maximum prize you will give to the winner?
A : Thank you Menma, in PVP system, the rewards actually come from other participants. CasinoLand only provide the stage and charge 2% fee for each transaction. In traditional casinos, payout pools are limited, to maximize the profit they don’t want players to win. But in CasinoLand, rewards come from players so there is no limit. Though to stimulate the interest and mass adoption, we will hold Contest events with good prizes. 👍🏻
Q5 : Traditional Casinos are serving me and in my opinion more Trusted, why should I switch to Blockchain Casinos which can be manipulated and I have no direct power on the outcome
A : Thank you Aluta for your concerns. In blockchain based casinos, all activities are recorded on blockchain and are visible to everyone. CasinoLand is different from all other casinos, we implement PVP system to ensure the fairness for players, as we gain no profits with the outcomes. You can also earn passive income with our platform through Defi, or become a Banker, host your own game and invite people to play, or become a Agency and earn commission. In traditional casinos, there wont be any features like these. 👍🏻
