A DECENTRALIZED CURRENCY FOR GAMBLING WHITE PAPER 2018

Transcription

1 A DECENTRALIZED CURRENCY FOR GAMBLING CASINOLIZE WHITE PAPER

2 CASINOLIZE GAMBLING IS NOT ABOUT HOW WELL YOU PLAY THE GAMES, IT S REALLY ABOUT HOW WELL YOU HANDLE YOUR MONEY. 2

3 Contents INTRODUCTION... 4 THE CRYPTO-ECONOMY... 6 IMPLEMENTATION STRATEGY... 7 CASINOLIZE CRYPTOCURRENCY - CLZ... 7 TRANSACTION SPEED... 8 FULL DECENTRALIZATION... 8 CROSS-PLATFORM ACCESSIBILITY... 8 WITHDRAWAL POLICY... 9 INSTANT LOYALTY... 9 SYSTEM SUPPORT... 9 INVESTING IN CASINOLIZE COIN SUPPLY AND DISTRIBUTION ROADMAP CONCLUSION TERMS AND CONDITIONS

4 INTRODUCTION Gambling is the wagering of money or something of value (referred to as "the stakes") on an event with an uncertain outcome with the primary intent of winning money or material goods. According to Rose and Loeb (1998), gambling thus involves three elements: consideration, chance and prize. The gambling industry is one of the oldest and most stable of all industries in the world. With the earliest six-sided dice dated to about 3000BC in Mesopotamia and the first known casino (Ridotto), established in Venice, Italy 1638, the industry now has so much markets and sub-markets that cannot be exactly numbered. At the dawn of digitalization, a lot of industries had to diversify their practices to suit/explore their user s new active environment (internet). For the gambling industry, this drift has paid off tremendously. Based on the analysis report presented by Statista in 2018, the online gaming market had a volume of Billion USD in 2015, and this figure Online gambling market from 2009 to 2020 (in Billion U.S. dollars) -- Statista

5 was forecasted to increase to Billion USD in The market projection of the gambling industry can be exceeded, if a careful attention is given to the newly introduced digital-based market that seems to best suit gamblers. This market is known as the cryptocurrency-based market or the crypto-market. While we are celebrating the market capitalization of the gambling industry at Billion USD in 2018, this market is comfortably boasting a market capitalization of 335 Billion USD with BTC alone owning about 149 Billion USD of the market cap (as of mid-march 2018). The level of transparency, anonymity, smart verification, absence of third party, availability and decentralized control of currencies are major features of the crypto-market that makes it the best spot for gambling. Unfortunately, so many currencies in the crypto-market are not making online gambling as seamless or compatible as it should be. This can be seen from the high process time, computing resources, transaction fees and the challenge of using different currencies for the few different gambling platforms on the crypto-market. Having considered these limitations, the online gambling platform on the crypto-market, CASINOLIZE therefore introduces a cryptocurrency-based solution that gives gamblers and other gambling platforms a better and more profitable place in this booming market or economy. The first focus is to provide a cryptocurrency that is solely for gambling with thorough consideration of the gambling industry s needs and demands. As an online gambling platform that started in Mid-2017, the experience and ground reality, understood and acquired respectively; have tremendously fueled the success of the developed architecture for this project and it s implementation. Another phase of this project, is to 5

6 develop and integrate multiple games on the CASINOLIZE gambling platform, so as to give gamblers diverse betting options and satisfy their dynamic interest levels. Generally, CASINOLIZE aims to develop a decentralized currency and online gambling platform that is focused on making optimal use of the blockchain technology for the benefit of gamblers and other related platforms within the crypto-market. THE CRYPTO-ECONOMY In 2009, a cryptography-based currency known as bitcoin was introduced, with its first miner known as Satoshi Nakamoto. This cryptographic currency (popularly called cryptocurrency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. This was introduced as an alternative to centralized currencies. State-defined or centralized currencies had been the only medium used for financial transactions. It s rigid nature, centralized system, enclosed controls, unavailability, exchange rates and lots more had always been a thing of concern for global investors. Smart investors gave bitcoin a good grasp by not just using this alternative currency but also by investing in the market itself. Just in few years, the system has experienced a sporadic growth such that it now has over 1500 decentralized currencies and it s free, transparent and distributed ledger system, makes it a comfortable marketplace for global investors of today. 6

7 7 This technology has also grown so large that it is looking forward to substitute the traditional state currencies. As of 24 March 2018, the total market capitalization of cryptocurrencies was 335,673,844,564 (over 330 billion) USD with 1582 cryptocurrencies and 9654 markets. In comparison to a market cap of about 100 billion in June 2017, it is obvious that the market is experiencing a positive and exponential growth. IMPLEMENTATION STRATEGY CASINOLIZE is a system that is designed to handle gambling requirements and more. To this end, our team have carefully developed the system based on results of thorough analysis, designs, exploration of paradigms, concepts, architectures and principles. Some of the major outcomes are presented in this section. CASINOLIZE CRYPTOCURRENCY - CLZ CLZ is designed to par-take in this fast-growing and efficient crypto-market but in a sustainable manner as the CASINOLIZE cryptocurrency. It is also designed to be used by other gambling platforms on the crypto-market. Hence with just CLZ, our investors can safely and steadily par-take in multiple opportunities that exist in different gambling platforms across the market. Architecturally, CLZ is created from the Ethereum development framework. The coin is based on the ERC20 Standard which places the coin on the Ethereum network, thereby having access to the available features provided by Ethereum and

8 satisfying the new ICO requirements. Ethereum is the largest and most well-established, open-ended decentralized software platform that enables smart contracts and Distributed Applications (DApps) to be built and run without significant downtime, control or interference from third party. Another interesting reason why CLZ is developed from/on the ethereum framework, is the fast process speed, which is about 24 seconds per transaction as against other high resource-consuming coins. This will enable the huge expectations of transactions to be more efficient and instant for our users. TRANSACTION SPEED Fast deposits and withdrawal, instant play and other activities are some of the achieved features of our currency and platform. With these features, our users can simply log on to the CASINOLIZE gaming platform from any end on the network and play games instantly without having to download a fraction of the game. This means, the platform can be used anytime and anywhere without pressure on the user s device memory or processor. FULL DECENTRALIZATION CASINOLIZE uses its decentralized platform with an open source technology that enables games to be fair and transparent. The ability to monitor the gaming transactions and rules from all nodes on the blockchain network, makes cheating impossible. The use of a decentralized system is further developed by the team to support our ZERO transfer fees of CLZ within the platform. 8

9 CROSS-PLATFORM ACCESSIBILITY Since we want gamblers to have the advantage of playing whenever and wherever, the games that we have/recommend always have an exceptional mobile play interface that suits any device. This is also extended to our wallet and other future apps or tools provided by CASINOLIZE. This is done to make our system user-friendly. WITHDRAWAL POLICY CASINOLIZE will offer high payouts across all games. After all, apart from having some thrilling fun, we are in this for the money. But to also control CASINOLIZE the currency value and efficiently handle any attacks, there will be moderate limits to instant withdrawals or payout (in terms of amount) as a way of implementing security checks and avoiding bankruptcy. INSTANT LOYALTY There will be instant welcome rewards/bonuses for early members of our platform and investors as well. Referral and promotion of our Ads banners and text also attracts handsome rewards not just at the early stage of business but all through the business cycle. To start with, 20% of CLZ token is to be reserved for Bounties and Airdrops. SYSTEM SUPPORT A good digital-currency casino must have good customer support. In case of any queries, you can visit the FAQ section or contact an agent via or live chat. This is one of the exceptional features of CASINOLIZE. CASINOLIZE 9 CASINOLIZE CASINOLIZE

10 INVESTING IN CASINOLIZE The widespread of cryptocurrency has been significantly fueled by start-up funds raised via ICO (Initial Coin Offering). ICO is a means by which initial funds are raised for a new cryptocurrency venture, it is also used by startups to bypass the rigorous and regulated capital-raising process required by venture capitalists or banks. CASINOLIZE therefore seeks to build a platform that will follow the price movements of top digital currencies based on its relevance in the crypto-economy through the fund received from its ICO investors. Additionally, it seeks to provide a moderately valued currency for investors, while at the same time providing information that will help all investors, those with adept knowledge of the cryptocurrency market and others, to make smart investment decisions. COIN SUPPLY AND DISTRIBUTION To effectively implement this project, as well as have a good control of the system and currency value, we settled on supplying a total of 21,000,000 CLZ (21 Million). The Pre-sale & ICO is set to start on June 27, 2018 and ends on August 31, To this end, all undistributed tokens/coins will be burnt after the ICO which means CLZ will not be mineable but will still be maintained and run on the blockchain/decentralized network for transparency, security and anonymity just like other similar currencies in the crypto-economy. 10

11 Pre-Sale & ICO Sales 50% Bounty Campaign & Airdrop 20% DISTRIBUTION PLAN FOR TOKENS Reserve Funds / Bank Roll for the Gambling Team Member's Allocation 10% Founder's Allocation 10% c 10% c Distribution Plan of Funds Raised 50% - Development Cost for New Games & Casinolize Expansion 30% - Marketing & Promotions 20% - Bank Roll for the Upcoming Games 11

12 ROADMAP In order to create evaluation points in the development and implementation of this project, we developed milestones for every significant phase of our project. These milestones or project roadmap is presented below. March - June 2017 June - July 2017 August 2017 November 2017 Dec 17 - Feb 18 First Game Dice Development Testing the Product Launched the Dice Website (Casinolize.com) Upgraded Casinolize.com Promotions and more Research March 2018 April-May 2018 June-Aug 2018 Sept -Nov 2018 Dec 2018 CLZ token Creation Further research about tokens & crypto-markets Pre-Sale and ICO Start the devolopment of next game & promotions Listing CLZ on Exchanges Jan 2019 New game testing Feb 2019 Launch of the New game March - Jun 2019 Exclusive promotions for the new game July - Dec 2019 Development of more games From Jan 2020 Launch of more games & expansion 12

13 CONCLUSION CASINOLIZE is an online gambling platform that started in Mid-2017 with which is still an operative online gambling platform. As of the time of deployment, Dice was the only implemented game. Experiencing the market growth and considering the untapped opportunities in the digital market, it gave rise to further research on the gambling industry and the most promising digital spot for our business. The crypto-market of course, caught the team s attention. Triple-digit growth, amazing riskreward ratios and promising global perspectives are only a few reasons why cryptocurrencies shouldn t be overlooked by any investor who s willing to diversify his/her portfolio and profit from opportunities offered by a booming market or economy. CASINOLIZE is not just set to explore the business opportunities of the crypto-economy but to also give all it players/supporters, a suiting technological solution which is fully based on the blockchain technology. A fair game, free transaction cost and genuine contract verification on the network is just an indication of how much trust we seek to establish and have our players enjoy the gambling experience. This is targeted at increasing transparency, anonymity and security in the gambling industry. The crypto-economy is not just going to benefit from our single contribution to the market capitalization but from all other online gambling platforms that will adopt our currency as a means of payment on their platform. More to gain from, are those platforms that will join the crypto-market through the introduction of CLZ as they don t have to go through the rigorous process of creating another currency but just focus on deploying their online gambling 13

14 systems. This will further boost the adoption rate of our currency, as well as the cryptoeconomy itself. Gaming and betting, are the core aspects of the service we provide. As this project grows, more games with high standards and profits will be developed and added to our platform while other needed security, transaction and transparency features will be upgraded, maintained and run on real-time basis without any significant downtime or loss. Investing in CASINOLIZE is one that should not be overlooked by both players and nonplayers, as the market is by far progressive and sustainable. 14

15 TERMS AND CONDITIONS WARNING: DO NOT PURCHASE CLZ WITHOUT A GUIDE, IF YOU ARE NOT EXPERIENCED IN DEALING WITH CRYPTOGRAPHIC TOKENS AND BLOCKCHAIN-BASED SOFTWARE SYSTEMS. WARNING: CRYPTOGRAPHIC TOKENS MAY EXPERIENCE EXTREME PRICE VOLATILITY. ALL PURCHASES OF CLZ ARE NON-REFUNDABLE ALL PURCHASES OF CLZ ARE FINAL. PURCHASES OF CLZ ARE NON-REFUNDABLE. BY PURCHASING CLZ, THE PURCHASER ACKNOWLEDGES THAT NEITHER OUR VENTURE NOR ANY OTHER OF THE OUR PARTIES ARE REQUIRED TO PROVIDE A REFUND FOR ANY REASON, AND THAT THE PURCHASER WILL NOT RECEIVE MONEY OR OTHER COMPENSATION FOR ANY CLZ THAT IS NOT USED OR REMAINS UNUSED. REFERRAL COMMISIONS THOUGH UNLIKELY, CASINOLIZE RESERVES THE RIGHT TO DISABLE THE AFFILIATE PROGRAM AND/OR ANY GIVEN AFFILIATE USER AT ANY GIVEN TIME. CASINOLIZE RESERVES THE RIGHT TO ADJUST THE COMMISSION RATE AS NECESSARY TO ENSURE THE CONTINUED OPERATIONS OF THE CASINOLIZE SERVICE. PRIVACY ALTHOUGH WE WILL REQUIRE THAT PURCHASERS PROVIDE AN ADDRESS, WE PROMISE NOT TO PUBLISH ANY IDENTIFYING INFORMATION RELATED TO CLZ PURCHASES, WITHOUT THE PRIOR WRITTEN CONSENT OF THE PURCHASER. PURCHASERS MAY BE CONTACTED BY REGARDING A PURCHASE. SUCH S WILL BE INFORMATIONAL ONLY. WE WILL NOT REQUEST ANY INFORMATION FROM PURCHASERS IN AN . 15