Win Free Bitcoin Prizes in Bitcasino’s New Super September Tournament!

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If you have a bad case of the“September blues”, we might have just the right thing to cheer you up. Leaving a productive summer behind, Bitcasino is welcoming autumn this year with a new NetEnt slot tournament. Dubbed the Super September, this slot competition comes with a prize pot of μɃ 4,416,000 – a slice of which can be yours with the right amount of effort.

And if you don’t like to put all your eggs into one basket, you can also check out Gossip Slots’ own September tournament, which is explained in more details below. So say goodbye to the summer and get ready to win some free Bitcoin prizes!

Get Up to μɃ 460,000 all for Yourself

The Super Septembers tournament officially launched this Thursday, September 13th, and it will run for a full week until the following Thursday, September 20th. The competition is open for any registered players at Bitcasino and prizes will be given after the end date to more than 600 participants. Depending on how many tickets you’ve won during the competition, you can collect any of the available rewards which will be given as follows:

  • Player 1 – μɃ 460,000;
  • Player 2 – μɃ 276,000;
  • Player3 – μɃ 185,000;
  • Player4 – μɃ 129,000;
  • Players 5-10 – μɃ 55,000;
  • Player11-610 – 25 free spins (worth μɃ 185).

To qualify, you just have to wager μɃ 9,500 on the five selected slot games: Victorious, Koi Princess, Berryburst, Dazzle Me, and Blood Suckers. Each time you spend the specified amount of money, the casino will give you one ticket for the final prize draw. You have the right to earn up to 50 tickets per day to boost your chances of winning a prize.

The cash prizes aren’t attached to any wagering requirements, but if you want to have a chance to claim them, you will first have to activate the Super September bonus in your personal bonus menu. Of course, if NetEnt restricts its games in your country, you will not be able to qualify for the competition. But if no restrictions exist, however, feel free to head down to Bitcasino and get your ticket today!

Get a Piece of $5,000 in BTC at Gossip Slots

If you want to have more chances of winning prizes this month, you can also check out Gossip Slots Casino and join its $5,000 tournament. Held regularly, the $5K slot competition gives players a shot at some big cash prizes any month of the year but always on a different slot machine. For this particular event, the casino has chosen the 4th& Goal slot machine from Arrow’s Edge.

To participate, you will have to register at the tournaments page and play the 4th& Goal with real cash. If you climb to the top of the leaderboard, you can get a prize of $2,000 in BTC equivalent. Players number 2 and 3 will get prizes of $1,000 and $750, respectively, while the fourth-best punter will get to pocket a reward of $250. The casino also has consolation prizes for positions 5-14, each of which will get $100. If you want to try your luck at winning a share of the pot, just go to Gossip Slots and start playing.

September 14, 2018: • No Comments

Las Vegas Casino to Host First Blockchain Poker Tournament

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The Las Vegas Strip is mostly known as the center spot for all gambling activities in one of the most popular casino destinations in the world. But this fall, the Strip is about to enter the spotlight of the cryptocurrency industry as well with the launch of the first World Crypto Conference. However, what is more important to passionate gamblers than the launch of one of the biggest crypto events of the year is that the Conference will also be hosting the first ever cryptocurrency Poker tournament. And it will happen in a real Las Vegas Casino! Learn more about the event by checking our full update.

Play Blockchain Poker Against Professionals

From October 31st to November 2nd, the Aria Hotel and Casino in Las Vegas will be home to World Crypto Con – “the most immersive and interactive” of conferences that will deal exclusively with the blockchain and cryptocurrency industry. The conference is to be hosted across 200,000 square feet of space and has over 5,000 confirmed visitors, including experts, investors, developers, and regular cryptocurrency enthusiasts.

The three-day conference is packed with events that aim to increase the profile of cryptocurrency technology and show attendees how it is applied at present and how it can be applied in the future. But out of all the planned events, the one that stole the show is the scheduled Blockchain Poker tournament which will play out in the Aria Hotel and Casino.

Sponsored by Decentbet, the tournament will combine blockchain technology with live playing to create an opportunity for poker and crypto enthusiasts to enjoy a groundbreaking tournament format. No further details have been released for the event but the official description explains that there will be a chance for attendees to play with “the biggest stars in Poker”.

Pro Player Phil Hellmuth May Attend?

Despite there being no official details for the event, rumors are already spreading online about who will be attending the Blockchain Poker tournament. Some of the names most sources mention at this time are magician-turned-Poker-pro Antonio Esfandiari and Super High Roller Daniel Negreanu. However, the most logical choice is Phil Hellmuth, who already has a good relationship with Aria Casino.

Phil Hellmuth, a.k.a. “Poker Brat” Hellmuth, is one of the biggest names in Poker, having won a record number of 15 WSOP (World Series of Poker) bracelets. A regular at big events, Hellmuth’s tournament earnings thus far are estimated to be worth more than $21 million. Known for his fearless playing and his late arrival at tournaments, Hellmuth is a face most Poker fans will instantly recognize and a name that can stir great interest for the Blockchain Poker event.  And since June this year, Hellmuth also became an ambassador for Decenbet, which is why it is very likely that he will be attending the tournament.

For those interested in playing against Hellmuth or attending the Conference, regular tickets start at $899 per person and they can be purchased online via the World Crypto Con’s main website.

September 12, 2018: • No Comments

Win a Free Trip to Bahamas or up to €50K in BitStarz’ Expedition Atlantis

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If you’ve always wanted to make a splash on the Bitcoin gaming scene, BitStarz Casino is here to give you an opportunity to send shock-waves around the web with a big load of bonus prizes and a free trip to the Bahamas. After last-month’s Fantasy Adventure player competition ended, BitStarz opened a new leg of its island-themed tournament called Expedition Atlantis. And in it, you can explore five new islands to unlock cash rewards, free spins promotions, and a stunning travel voucher for two.

€50,000 in Individual Prizes for All Participants

Expedition Atlantis is not that different from BitStarz’ previous 40+ days tournaments, only it offers a new main prize to players. Like in the previous competitions, the object here is to play any game you want and progress through the full tournament map, triggering prizes with each new level and eventually winning the main reward.

The theme this month is the lost city of Atlantis. Some parts of the map represent the mythical ancient ruins of the city while the final destination shows the hotel you’ll be staying at should you claim the main prize. On your way there, you will have to fight off krakens and sharks and climb through “40 action-packed levels” to win custom prizes.

The tournament began this Monday, September 3rd and it will last until October 16th. To participate, just play any game at BitStarz Casino with real money wagers. Bonus money is not eligible for winning points. How close you are to reaching the next level can be seen from a progress bar which is always available to you at the top of the casino’s page. Once you trigger a prize, BitStarz will credit it to you immediately without asking for any bonus codes or additional deposits.

Reach Atlantis – the Hotel

At the end of your action-packed adventure at BitStarz lies a mouthwatering prize of a luxury stay at the breathtaking Atlantis Hotel on Bahamas’ Paradise Island. A place of unparalleled natural beauty, the Atlantis Resort is home to the largest open-air underwater habitat and a 141-acre water park with thematic rides like the Mayan Temple’s Leap of Faith. The habitat is particularly entrancing, featuring 50,000 aquatic creatures and more than 250 species you can see in person when you snorkel through the built replica of Atlantis.

There is only one travel prize given in the promotion, so if you want it you will need to get to the end of the map before others do. The main prize is actually a travel package for two that includes a stay at the Atlantis Hotel for the duration of 6 nights. As a special privilege, the stay will be all-inclusive and the casino will also pay for 2 airplane tickets for you and your friend or partner.

The only part you have to take care of personally if you win the main prize is to acquire a Visa to enter the Bahamas, if you need one. The package can also be exchanged for cash, the equivalent of which will be determined at BitStarz’ discretion. If you want to take part in the competition and take your shot at conquering Atlantis, make sure to pay BitStarz a visit today!

September 7, 2018: • No Comments

Industry-first Telegram Logins to Bitcoin Gambling Sites Now Possible

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If you’re an active user of the hugely popular cloud-based messaging service Telegram, we have some good news for you. In an industry-first development, the UK provider of self-destructing encrypted messages has recently integrated with a Bitcoin sportsbook and online casino to provide BTC gamblers with an easy and fast access to Bitcoin gambling.  And it’s all thanks to the Coingaming Group.

Coingaming Adopts Telegram Logins in an Instant

No later than a few days after Telegram announced that it has integrated a new function which would allow direct logins to online sites, the people from Coingaming Group adopted the feature in two of their brands: Sportsbet and Bitcasino. Now, Telegram users can log into Bitcasino and Sportsbet directly through their apps anytime they want to spend some of their BTC on top casino games and sports markets.  With over 200 million of active users on the messaging service, Sportsbet and Bitcasino’s doors are now open to the world.

According to online reports, the Telegram integration came out of the necessity to provide Bitcoin bettors with ease of use and speed during premium sport events. And once the opportunity to integrate Telegram into the sportsbook appeared, the operator decided it could be of great value to Bitcasino as well.

Another industry-first innovation introduced by the Coingaming Group is the use of a Telegram betting bot which is now available at Sportsbet. The betting bot offers users a fast and data-saving access to Bitcoin betting on the move but also deposits and withdrawals, all of which are available in English as well as other languages like Russian, Portuguese, and Chinese.

Not one to stop here, Coingaming also decided to introduce SOC coins – the cryptocurrency of the widely popular All Football app – to both its casino and sportsbook.  According to Head of Bitcasino, Tauri Tiitsaar, the “double integration” is a win-win for the casino as it not only shows players Bitcasino is committed to them but it also allows millions of new users to gain access to the site’s games and services.

Innovation Breeds Success

Sportsbet and Bitcasino are one of the most innovative BTC gambling brands online, continuously working hard to stay modern, efficient, and attractive to players. And, according to recent numbers, all that innovation seems to be paying off.

Namely, as indicated by Sportsbet’s figures during the World Cup this summer, the operator was able to reach a turnover of €200 million. For comparison, the biggest gaming operator in France – where the industry generated over €1 billion during the cup – earned approximately €300 million. Sportsbet’s turnover reached nearly 20% of the entire turnover of France, despite the site being Bitcoin-focused and active in the industry for only two years.

A great part of that money flowed into the platform by new users who flocked to Sportsbet after the operator introduced new and innovative options. The adoption of SOC Coins, for instance, opened both Sportsbet and Bitcasino to 50 million of new users, while the option to exchange fiat money for Bitcoin directly at the platforms also allowed Coingaming to attract players who never bought BTC at all.

September 5, 2018: • No Comments

Betcoin Player Hits a 55 BTC Jackpot on Bonus Money; Buys House and Car

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Some Bitcoin casino players consider themselves lucky even when they manage to clear their BTC reload bonus and not alone earn twice or three times that amount. But one Betcoin player has just defied all odds and earned more than 10x the amount of his casino bonus, hitting a payout of 55 BTC! If you want to learn how he did it, check out the full scoop.

Get a Bonus – Buy a House

Betcoin Casino is no stranger to players winning money nor is it a stranger to its members using bonuses to make a profit. But none of the casino’s past stories can compare to the lucky tale of Betcoin user nickelj87 who, even though he was quite new to the platform, managed to scoop a payout of 55 Bitcoins (approximately $383,429 in current USD value) with a casino bonus.

To mark the special milestone, Betcoin published an interview with the player where he answered a number of questions that were on everyone’s mind. It turns out that the lucky prize was won after registering and making a deposit at the casino and then playing BetSoft’s the True Sheriff slot game. This slot machine is one of the many popular 3D slots Betsoft designed and it offers players a 5-reels screen with 30 paylines and a whole array of bonuses, including a free spins game.

It was the free spins that helped nickelj87 bank that huge prize, according to the interview. Namely, in the player’s own words, the jackpot was hit after betting the max bet in the game, triggering a payout on it, and then winning a free spins bonus. Immediately after collecting the money in his balance, the lucky punter then proceeded to alternate between lower and bigger bets carefully to clear his wagering requirements.

When asked what he would do with the winnings, the user said that he already spent some of it on a new car as well as a new house in an undisclosed location. Reportedly, his plans are to also treat himself to other things he couldn’t afford before, including some items from the casino’s clothing store.

Up to 3 BTC in First Deposit Bonuses Available

If you haven’t played at Betcoin before, this Bitcoin casino operator is an all-in-one gambling hub where you can enjoy virtual casino games, live dealer tables, sportsbetting, poker, virtual sports, and even provably fair dice. The site’s casino section is equipped with hundreds of choices, including slots from BetSoft and Pragmatic Play as well as virtual and live table games from other software providers like Ezugi and Evolution Gaming.

If you’re new to Betcoin, the casino will offer you a welcome bonus package with a maximum value of 3 BTC, which is given as follows:

  • 1st deposit bonus – 100% match up to 1 BTC;
  • 2nd deposit bonus – 50% match up to 1 BTC;
  • 3rd deposit bonus – 25% match up to 1 BTC.

If you think you’re just as lucky as nickelj87 to grab a bonus and turn it into the prize of your life, fell free to visit Betcoin Casino and get your bonuses today!

August 31, 2018: • No Comments

Bitcoin Gambling in Russia Could Turn Harder With New Legislative Proposals

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For years now, the Russian Federation has been toying with a number of ideas when it comes to regulating digital currencies in the country. Nevertheless, all the while local punters have been using cryptocurrencies to play online and even win big jackpot prizes at Bitcoin casinos. But according to the latest reports coming from local news sources, using Bitcoin may become more difficult in Russia than it ever was.

Unregistered Crypto Trading to Become Criminalized

According to reports from local news agency Izvestia, Russia’s Ministry of Interior Affairs is working on a new amendment to the country’s upcoming cryptocurrency legislation. This new amendment will reportedly aim to legalize only operations dealing with open source cryptocurrencies like Bitcoin but also ones that are registered with the local authorities.

According to the newspaper, in order for a transaction to be considered legal, any person or business should obtain a “mandatory registration” with authorities of the state that regulate the financial and taxation sector. Reportedly, the idea stemmed from the Ministry’s GUKON department (Main Directorate for Drugs Control), the head of which, Andrey Khrapov, has already requested that the Finance Ministry express its views on the newly proposed amendment.

As reported, the MED (Ministry of Economic Development) has voiced its skepticism on the amendment, saying it is early to start working on criminalizing cryptocurrency operations since there is technically no law that addresses the regulation of cryptocurrency transactions in effect. Still, MED’s deputy chief, Savva Shipov, stressed that locals could nevertheless be prosecuted if caught using cryptocurrencies for activities that were officially proclaimed illegal, like weapons trading, drug purchases, or online gambling.

New KYC Regulations to Set Tighter Limits

Another change proposed by Khrapov is to introduce tighter Know Your Customer (KYC) rules for cryptocurrency businesses. According to reports, the GUKON head is asking for any transactions surpassing 600,000 rubles (approximately $8,800 ) to be reported to the Russian authorities with included data about both the transfer as well as the individual conducting the transfer. This proposal is also supported by the Finance Ministry but not all state officials are convinced about it.

Thus far, the use of cryptocurrencies in Russia has been a grey area. For years, casino players in the country that wanted to escape local online gambling restrictions have resorted to using Bitcoin to play online, although not all Bitcoin transactions with online operators were used for gambling. But should things go in the way currently imagined by GUKON, trading and using cryptocurrencies could end up being criminalized, which will subsequently affect both the local gaming scene as well as the crypto industry.

If such a goal was realized, it is very likely that cryptocurrency-related startups and businesses will start looking for other jurisdictions to set up shop in while a high number of punters may forego using cryptocurrencies altogether.  Nevertheless, even only with the upcoming legislation, which was approved in 1 out of 3 readings in the Duma (parliament), Bitcoin is still considered an illegal “money substitute”, i.e. payment method in the country.

 

August 29, 2018: • No Comments

Mark Women’s Equality Day With a BTC Casino Bonus or Earn some NetEnt Prizes

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Every August 26th, gender equality supporters gather in the United States and other parts of the globe to celebrate Women’s Equality Day. If you have a taste for Bitcoin casino games and likewise celebrate the passing of the 19th Amendment, Fortune Jack will add another reason to rejoice this August 26th with a unique Women’s Equality Day bonus. And if you’re not marking the occasion, you can instead go to Bitcasino to sign up for a prize in its latest NetEnt competition.

Get 500 mBTC for a Special Occasion

One of a few casinos that fight for causes they believe in, Fortune Jack Casino frequently tries to give support to global and local communities. This year, the casino is running a new special promotion that’s open for any registered punter who wants to mark Women’s Equality Day. The promotion will run until August 27th on Monday, or one day after the special date.

Up for claiming this time is a 100% match deposit bonus with a max value of 500 mBTC. To be eligible for the offer, you have to deposit a minimum of 0.002 BTC or any altcoin equivalent no later than 7 days after activating the bonus. This special offer will be valid for 10 days after activation and it also comes with a package of 50 free spins that can be used on Fortune Jack’s slot games.

The 50 free spins are given 25 a day for 2 days. To receive the free spins, you will need to wager your deposit amount a total of 1x at the casino. To learn more about other terms and conditions of this offer, just go to Fortune Jack Casino and find the special bonus at the “Promotions” page.

Win a Portion of μɃ 3,450,000 in NetEnt Prizes at Bitcasino

Another special offer you can enjoy this week is Bitcasino’s latest NetEnt promotion. Starting today, the casino will be running a special prize draw for any of its members who play NetEnt slot games. There is a total of μɃ 3,450,000 (3.45 BTC) in payouts to be claimed and they will be given by the end of the competition, as follows:

  • 1st player – μɃ 382,680;
  • 2nd player – μɃ 230,230;
  • 3rd player – μɃ 153,535;
  • 4th player – μɃ 107,480;
  • Players 5-10 – μɃ 46,070 each;
  • Players 11-610 – 25 free spins with a worth of μɃ 154.

To enter the prize draw, you just need to play one of the four selected games: Jungle Spirit: Call of the Wild™, Butterfly Staxx™, Asgardian Stones™, and Elements: the Awakening™. For each €50 in BTC equivalent you spend on these slots, the casino will give you one ticket for the prize draw. You can get up to 50 tickets per day to climb far up the leaderboard.

The competition will last until August 30th, after which the casino will announce the winners and contact them.  If you want to get yourself a ticket, you can head over to Bitcasino and start playing!

August 24, 2018: • No Comments

$35m Bitcoin Casino Scam Helped by Thailand Banks

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In a story that could be described as one of the biggest warnings not to fall easily for cryptocurrency investment proposals, Thai local authorities uncover a group of local banks, scammers, and a stock exchange investor who worked together to steal around $35 million worth of Bitcoin from a Finnish investor.

The story made big headlines a week ago when reports surfaced online of a young millionaire who was duped into investing Bitcoins in a variety of businesses, including tokens that were supposed to be used for a cryptocurrency casino in Macau.  And now, new findings show that the scam was not just a lucky coincidence.

$5,564 Bitcoins Gone to a Fake Casino Investment

If you haven’t heard the story yet, a 22-year-old investor from Finland named Aarni Otava Saarima was revealed last week as a victim to a $35 million scam that involved a group of Thai individuals and fake cryptocurrency investment opportunities. Reportedly, Saarima sought new investment ideas for his cryptocurrency fund and found through a Thai partner a group of “businessmen” from Thailand that proposed him with a fake investment opportunity.

As the story goes, Saarima was duped into giving away 5,564.4 Bitcoins to the Thai group, or around $35 million in USD value. Not one to hand over the money lightly, the Finnish millionaire was reportedly taken to a trip to a Macau casino by the group where he could assess the profitability of his investment.

Among the opportunities presented to Saarima were several cryptocurrency businesses, including an ICO for a cryptocurrency casino and Dragon Coin tokens which were (allegedly) to be accepted by Macau casinos in the future. If the name sounds familiar, it’s because the tokens were launched by the Dragon Corp company which was very talked about in online media and even warned against by Macau regulatory authorities.

However, instead of investing the money received by Saarima, the group actually converted it back to Thai currency and dispersed it over several members, including a Thai soap actor. And recent findings show that there were more parties involved in the $35m theft.

Three Banks and Stock Investor Caught Up in the Investigation

The ensuing investigation by local authorities uncovered a wide network of participants in the scam. The name all reports heavily focused on is Soap opera actor Jiratpisit “Boom” Jaravijit who received around $631,000 of the money in his bank account. His mother, father, older sister, and older brother also received large portions of the money in their respective accounts, but so did Prasit Srisuwan – a local investor in the Stock Exchange of Thailand who took $1.9 million from Saarima and his partner to invest in stocks.

But what’s even more surprising was the involvement of three local banks (Siam Commercial Bank, Bangkok Bank, and Kasikornbank) which processed the money. By law, bank employees are obligated to report any money transfers that exceed 2,000,000 Thai Bahts (approximately $61,000). But in this case, no employees from all of the three banks have reported anything to the authorities, raising suspicion about whether more individuals were involved in the matter.

August 22, 2018: • No Comments

Get Some Holiday Money & Bitcoin Prizes in Bitcasino’s New August Promo

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If you still haven’t booked a holiday because you’re not quite sure you have the money to spare, Bitcasino will give you a chance to win a free one with its latest August Giveaway promo. Until the end of next week, the casino is hosting a new competition that will see one lucky player win a holiday package, while 20 other competitive punters will get to reap some nice cash rewards. Learn more about this latest Bitcoin casino promotion by reading our full scoop.

A Holiday for 2 and More!

The August Giveaway promo was launched this week on August 13th and it will run until Sunday next week – August 26th. During this time, members at the casino will have to play any casino game they like and accrue points by wagering their Bitcoins in order to get some free prizes.

The first round of prizes is given at the end of this week, when the top 20 players in the competition will get a reward of μɃ 500 each.  The main prizes, on the other hand, will be given only to 10 players at the end of the second week and they are distributed as follows:

  • 1st place – Travel voucher for 2 worth μɃ 700,000.
  • 2nd place – μɃ 30,000
  • 3rd place μɃ 20,000
  • 4th place – 10,000
  • Places 5-6 – μɃ 5,000
  • Places 7 -8 – μɃ 3,000
  • Places 9-10 – μɃ 1,000

To officially enter the competition, you will need to log into your account, visit the bonus page, and then click “claim” next to the August Giveaway bonus label. Once you do, you can start playing any game you want to win some points and climb up the leaderboard.

The casino will give you 1 point for every μɃ 5,000 wagered on a table game or a live dealer game and 2 points for the same amount wagered on any slot. The max of 5 points is given to anyone that makes a deposit during the promotion period. Bitcasino players have already begun climbing up the leaderboard, so if you want to secure your spot for a prize, you’d want to check out Bitcasino today!

Video Poker Tournaments Also Live at Gossip Slots

If you prefer playing Video Poker machines instead of slots, Gossip Slots Casino has a different tournament for you that offers a prize pool of $2,000 in BTC equivalent. The tournament is restricted to a single game of All American Poker Single Hand from Arrow’s Edge, which comes with a double-up feature and a jackpot prize apart from standard Video Poker features.

To enter the tournament, you need to be a member of Gossip Slots Casino and opt-in for the competition at the casino’s tournaments page. The buy-in fee is $25 and the points are collected by wagering on the selected game. The best player gets to win a prize of $1,000 while the second- and third- best players will receive prizes of $750 and $250, respectively. The competition began yesterday, August 16th, and it will last until the end of month, August 31st. To sign up, just go to Gossip Slots Casino and find the competitions menu.

August 17, 2018: • No Comments

Gambling Apps Become Second Most Distributed Cryptocurrency Apps

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One of the most popular blockchain-based apps thus far was CryptoKitties. If you still haven’t seen the app, CryptoKitties is one of the most popular blockchain apps around that allows users to buy, breed, collect, and sell virtual cats. The app is based on the Ethereum network, which it congested back in 2017 due to the app’s massive popularity. But according to recent findings, cryptocurrency gambling apps have far surpassed the popularity of CryptoKitties and become the second most popular type of blockchain apps.

New Blockchain Gambling App Accrues Over $40 Million

The rapid success of Crypto Kitties is nothing when compared to a new app called FOMO3D, which reportedly generated over $40 million in investments to its platform since it was launched a month ago. Labeled as “your exit scam” this new web app doesn’t inspire too much confidence but it does show how new blockchain-based products can skyrocket in popularity. It also got five times more users than CryptoKitties in only 24 hours since its appearance.

According to the official website of the app, FOMO3D is a “psychological social experiment in greed” that simulates the feeling of investing in shady ICO campaigns. The objective of FOMO 3D is to buy Ethereum-based tokens for each round of the ICO and hope that you are the last person to invest before the timer runs out.

Each purchase of tokens extends the ICO round timer by 30 seconds, with the maximum run time being 24 hours. If you are the last person to buy a token, you get to pull an “exit scam” and collect the daily money pot which other players invested in. There’s also a main ICO pot worth millions that no one knows when it will be won as well as small “airdrop” pots that can be won regularly.

The fast popularity of the app shouldn’t be that surprising, considering recent trends in the industry. As reported by Calvin Ayre and based on data from DappRadar, gambling apps are second by distribution out of all blockchain-based apps. The number one spot, naturally, is reserved for cryptocurrency exchanges. Sales of tokens related to gambling businesses have continued to grow, with the official numbers saying that over $300 million was invested via ICO campaigns thus far in more than 20 different blockchain-related gambling ventures.

Even Social Casinos Explore Blockchains

The blockchain gambling space isn’t only reserved for cryptocurrency casino operators and token-based online games. Even social casinos which are often seen as “fun casinos” that don’t offer gambling are now entering the blockchain casino space. Just this week, a European social casino game maker, KamaGames, announced that it will be launching its own KamaGames token which will likewise be based on the Ethereum platform.

According to a press release from the company, they are planning to create a token that will make it easier for the 100 million + users of the social casino to buy in-game currency for its games. The company is planning to sell approximately $25 million in tokens, which will be earned by selling in-game chips collections and bulk blocks of tokens for the best price. Players who don’t spend their tokens will get to reap rewards which are expected to grow over time. However, since the tokens can’t be exchanged for anything else but chips, the sale isn’t labeled as an ICO campaign nor is the company technically stepping into “gambling” territory.

August 15, 2018: • No Comments