CoinDirect Decentralized Platform for Casino Industry [Update 2020]

Last Updated on August 18, 2020 by CryptoCreed

Update 2020: The project is closed and domain is on sale.

CoinDirect is a Hong Kong-based company. Cryptocurrency Gambling is getting more and more famous. In the last some years online casinos are getting very popular, and the reason why it’s become popular is because of blockchain technology, instant transaction, anonymity. But still, there are some problems with gambling which need to solve out. The problem of transparency of house and high fees. Almost all casinos are saying they are transparent by using “provably fair game” but as per coindirect, casinos are not transparent as they have “power to hide” hide of important information with players.

Also, there was one big problem to get solved, the transaction fees either it was deposit fee or withdrawal fee. With the recent transaction fee and time of the transaction was increased, this is one more problem for small investors. There is a need to be solved decentralizing casino management of all deposits and withdrawals.

 Nico Ami Lee says,

“The application platform of the upcoming projects presents the customer with the opportunity to manage, run and develop blockchain layer application. They can do this without the complication of building and maintaining infrastructure associated with developing an app,”.

Blockchain developer Nico Ami introduced the Coindirect-an open-source platform for online gambling where major crypto assets and Bitcoins will be sent directly from players to players by eliminating the third party. the mission behind the project is to decentralized gambling experience further by moving casinos away from managing player’s funds with help of well-established blockchain networks such as Bitcoin, Ethereum & BitShares.

Existing and the new casinos can save millions of money by using new platform CoinDirect and new players can join the casino’s world with less effort and low costs.

Some Main Advantages:

1. Complete transparency, therefore no need for additional auditing
2. Very low gambling fees
3. Full control of funds
4. Instant transactions
5. Direct money transfers from player to player & much more.

Till the 2015 Coindirect team planned to build a Blockchain PaaS company and in early 2017 the legal entity of company name Coin Direct LTD. was built. The headquarter of this company was located in Hong Kong and operated by a team of 5 people and some supporting members.

The further development of the platform will happen with the help of the crowdfunding campaign. The company may launch its beta version for the platform on 15th OCT  and will start marketing campaigns for the platform from the 1st JAN 2018.

Coindirect has already started its Initial Coin Offering or ICO  1st April 2017 which was going to end on 31st Aug 2017, 55 days are left from now. A total number of shares or tokens are 6500 on the Bitcoin network and the price per share is 100 $. The minimum share to sold is 3900 shares, if CoinDirect fails to sell a minimum share of 3900 till the ICO finish, all funds will be returned to participants.

The fifty-four percent of the money from ICO will be distributed to operations which included, development, project management, and salaries. 10 percent will go to registration costs, lawyers ( Lawyers which deal with companies cases). For marketing 27 %  will available it includes bounty campaigns. Four percent will go to online traffic generation expenses. and the rest of the five percent will be available for safe use or unpredicted expenses.

Coindirect has a team of experts or professionals with the aim of changing the face of online gambling. The founder of this platform is Nico Ami Lee was blockchain developer, Viktor Bekturganov Cryptocurrency investor, speaker, blockchain analyst, and adviser. Samuel Haidifi a Professional poker player and bitcoin enthusiast. Ronan Saeyong, IT security specialist with 10 years of experience in network engineering and network security.

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