Last updated: October 10, 2023
Since the Coronavirus pandemic, the online activity of the population has changed drastically. As more of us continued to work from home, the flexibility and choice to enjoy gaming increased. Add the boom of cryptocurrencies, and the door is open for online casinos to attract a new wave of players. This article will give you everything you need to know about CasinoCoin, the recently rebranded XRP Ledger token, considered the way forward.
CasinoCoin, also referred to as CSC, is a digital currency like Bitcoin, Etherium, and the myriad of others that you’ve heard all about. However, this currency is different, and it’s developed specifically for the regulated online gaming industry.
Using the blockchain technology of the XRP Ledger, this coin offers casinos and players unrivaled quality and convenience.
Some of the features behind using CasinoCoin include:
Low Transaction Fees
The power of the blockchain allows deposits and withdrawals to feature fees that are fractions of a cent, therefore considered virtually free and almost instantaneous.
Simplified Registration for Players
One of the most frustrating aspects of playing online casino games is creating your player account. Using CasinoCoin reduces the downtown and helps create a smoother experience overall.
Trustless Storage
Thanks to the XUMM wallet, you can rest easy knowing that your funds are safely sitting, waiting for your next session. Not at the control of a third party.
Making Casino Gaming Easier
CSC provides multiple casinos under one banner, with exclusive bonuses and rewards tailored to its community.
You can find the latest CasinoCoin price by visiting one of the live market cap exchanges. The two most popular websites would be CoinGecko or CoinMarketCap. These two sites will provide all the latest information on CasinoCoin price, including market details and the latest news.
The most confusing component for many new players is the initial part of buying CasinoCoin. It is a valid point; it is listed on a few different exchanges, but not the hugely popular or ‘mainstream’ exchanges you’ve likely heard of.
That’s not all, though, as it is also not possible to purchase CSC directly from fiat currencies. Instead, you’ll need to buy one of the main guys – Bitcoin, Ethereum, Tether and then transfer.
We recommend using the Binance Exchange to purchase one of the main crypto’s above. The next step is to send your cryptocurrency to an Altcoin exchange, i.e., an exchange built for the little guys.
Bitrue or Stex is the most commonly used Altcoin exchange. Once you’ve transferred over and exchanged for your CasinoCoin, send the tokens over to your XUMM wallet, and you are just about ready to play!
If you enjoy playing popular online gambling games and want to ensure you are always safe while playing – we recommend checking out the CasinoCoin product and the suite of websites that allow you to access and play.
Thanks to the smooth registration process for members and the unmatched transaction savings, more sites are coming on board.
Using the token as your currency allows proper decentralization instead of using Bitcoin casinos.
The team behind the coin promotes compliance and consumer protection. This approach has helped boost the acceptance of players. Currently, there are over 35,000 players who have activated a XUMM wallet and begun enjoying the CasinoCoin ecosystem.
One of the most significant benefits of CasinoCoin and its use in online gaming is its ongoing development. The team is backed by Eminence Ltd, a fast-growing tech company with ambitious growth strategies for the token.
The team recently added two very experienced executives to the CasinoCoin project. Lisa Karran was appointed the Chief Operating Officer, and Mark Robson joined as Chief Executive Officer.
Soon the CasinoCoin Lobby xApp will be released, allowing players to sign up for multiple online casinos and manage their gameplay and spending across the various platforms.
The group will also unveil Tangem CasinoCoin cards, allowing players to interact better with their bankroll through digital wallets on mobile devices.
Which wallets are available for CSC?
You will need to use XUMM as your wallet for CSC on the XRP Ledger.
Can the total coin supply of CasinoCoin be increased?
No, the total coin supply is fixed and, therefore, cannot be increased on the XRPL.
What exchanges can I use to purchase CSC?
It is possible to purchase CSC through either of the following exchanges Whitebit, Bitexbook, Stex, Bitrue.
Who is Eminence Ltd?
Eminence is the organization tasked with maintaining the CasinoCoin network and promoting the token in the online gambling industry.
Is CasinoCoin an investment?
CSC is not to be viewed as an investment opportunity. You should not purchase the coin to resell at a profit. Its use is entirely for online gambling games as a decentralized replacement from fiat currencies.
Why is CSC listed on exchanges if it is not an investment token?
CSC is listed purely for liquidity purposes. Users may require an avenue to purchase further or transfer unused CasinoCoin.
Marilyn Chavez is an associate researcher at the Missouri University of Science and Technology, where she studied the mathematical probabilities and aspects of casino games like slot machines. She’s written several case studies which have been published by multiple problem-gaming institutions to help spread awareness about the dangers of online gambling and gambling addiction. She also presented a 2019 Ted talk on the topic of gambling among minors.
