BlockTalks x Casinoland AMA Transcript!

Hello! BlockTalkers & Blockchain Enthusiastic!

We recently hosted an AMA with Casinoland Network, on 1st August 2 PM UTC. Many of you might have participated or many of not. But we make sure no one missed out from the knowledge shared by Big Boss, COO at Casinoland Network. So here we are up with AMA transcript, for those who missed the live session, this blog post will be saver & feeder of knowledge for them.

Introduction

Big Boss — 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.

Introduction Questions Asked By BlockTalks

Q1. Could you please introduce Casinoland Network to our community in layman’s term?

Ans — 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.

Seeing the benefits of Blockchain, CasinoLand aims to bring innovation to Online Gambling which has been viewed as nontransparent or manipulative. At CasinoLand, players won’t have to worry if the games are rigged or the results have been tampered with. Due to the transparency of smart contract, all activities are recorded on blockchain and visible to everyone.

CasinoLand focuses on improving and developing products related to sports betting and gambling with many players: Poker, E-gaming, Live Casino, Soccer, Basketball, and the likes.

More particularly, CasinoLand will launch a product to feature DeFi on our Casino platform. Through DeFi, token holders can easily earn passive income.

Q2. What are the advantages of Casinoland Network to other alternatives in the Blockchain field?

Ans — Unlike traditional casinos, CasinoLand offer to build a complete decentralized platform. CasinoLand is a bridge between Traditional Casino platform and Blockchain, to be more specific: Defi. With the advantages of Defi, players will get more benefits than any platforms where they can only earn income through gambling.

Furthermore, 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 asset 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).

Q3. What are the major milestones Casinoland Network achieved so far & what are in future pipeline?

Ans — The most successful thing for CasinoLand was being able to bring together a group of experienced individuals in the industry. We understand what we are doing to achieve the goal — the vision in our roadmap.

For products we had built a 100% working Testnet (DICE), which proves the compatibility of blockchain in gambling. It also proves that a PVP mechanism is better than centralized system in terms of gameplay, asset security, and transparency.

As for future milestones, we are currently in development stage for a Staking App demo for players to participate in CLN staking to receive rewards. More information will be announced in Q4/2020.

For more future events, please read our roadmap at : casinoland.network

Questions Asked on Twitter For Casinoland Network!

Q1. What do you see casinoland in the future? Only as gamming platform currency? Or probably more program related with casinoland will comes out?
Because key of survive is changing the way crypto space changing right?

Ans — From the beginning, CasinoLand isn’t just a gaming platform on blockchain.
We offer an innovative gameplay while finding a way to bring more benefits to common users.

Not only that, CasinoLand is the only casino with Defi integration into its gambling platform. We have years of experience in the industry to recognize the real booming opportunity. Our users can expect more MVP to be released in Q4/2020.

Q2. Is it easy for a new user who doesnt have any experience with blockchain technology use Casinoland to create a betting platform & which advantages do these betting plaform have comparing to traditional ones or existing blockchain betting platforms?

Ans — Of course, we have thought about this issue. We plan to optimize the user interface to make it more familiar and easier to operate for common-users, who might have little knowledge about Blockchain. Some basic education is also needed, which the team will include a tutorial within the platform.

Some of the benefits include (For holders of CLN) —

• 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).

Q3. Security is one of the threats to DeFi’s continuous growth. As one of the first DeFi products to continuously deliver innovation, how have you overcome this? Do you have a bug bounty program to check vulnerability of your smart contracts?

Ans — No matter how good your code is, the system has vulnerabilities. We take this issue very seriously. All assets are stored on smart contracts, so hacker attacks can still occur. We have planned to avoid this situation by encouraging more bounty programs to look for security flaws before releasing the system.

Besides, if a bad situation occurs, we are planning to develop a hedge fund to help players safely deposit money into the system.

Q4. Casinoland is powered by Dao model please explain what will be the benefits of this collab to its users? Does it mean the funds will go to Dao too?

Ans — All types of assets that players deposit / withdraw via DAOCasinoLand with many options to choose —

Option1: Players convert cAsset to USDCasino to play games, as bankers. For this Option, the Assets are converted into a stable asset class such as USDT or USDC.

Option2: Players convert CAsset to USDCasino and conduct staking so that they can receive 20% of the platform and Reward CLN rewards. For this Option, players will be able to participate in voting, become a developer of CasinoLand.

Option 3: Players convert Asset to AssetCasino to play games, become a banker.

In addition, players can allocate many % of their assets to Option1, Option2 and Option3.

Rewards to borrowers and lenders in each assets with new CLN being distributed at every block of Ethereum. Approximately 68,492.5 CLN per day are released to users.

This is only a small description of the DaoCasino system that we will deploy soon.

Q5. Decentralized gaming platforms like Cryptokitties and Light Trail Rush operates an NFTs marketplace . What are your competitive advantages that make Casinoland unique?
Any plans of launching an NFTs marketplace?

Ans — We focus on what we are best at, generating revenue for the platform. As for niche markets, we focus less. For NFTs marketplace, we leave it to you, Game developers, through Hackathon marketing.

Also, our games are unique. We follow the PVP mechanism which no casinos have built before.

Questions Asked by our BlockTalks Community Members during live Session for Casinoland Network team!

Q1. Casinoland aim to bring a
significant shift from the traditional platform to the blockchain-based platform. Could you delve more into the strategies you’ve put in place to help you achieve this? Also, what are your main focus at the moment, are you planning to introduce your own game or improve on existing ones?

Ans — To be more precise, we offer innovative technology for gambling market. Traditional casinos follow the Player vs House system where the odds always favor the House. CasinoLand is opposite, we follow PVP system where player vs player to remove the manipulation from the House, providing a true fair-proof. We plan to integrate this mechanism into existing popular games such as: Poker, Blackjack, Slot Machines, etc.

Q2. Why online gambling needs Blockchain? How will Casinoland solve that problem?

Ans — 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. And with blockchain we this is even better, since all outcomes are recorded on blockchain and are visible to everyone.

Q3. What is your long-term vision about the casino industry which Casinoland working on? Are you afraid some day there will be another project with more innovative technology can replace Casinoland ? Because we can see many crypto projects related with this concept recently.

As we can see CLN token is still not listed on
CoinMarketCap, What are the plans to get listed CLN token on Coinmarketcap, Because listing on CMC will give a great potential to a project specially for new project entering to the crypto field?

Ans — As of right now, CasinoLand is the first Casino project to integrate Defi into gambling platform and development an innovative gameplay. All other projects while built on blockchain, they actually are centralized. For CLN , we are still in private sale phrase, but the team already had plans for IEO/ Listing which will be announced after private sale ends. Also getting listed on CoinMarketCap is one of our goals.

Q4. Most Crypto projects were built only for the purpose of accumulating wealth for themselves. So, What is the value of Casinoland want to add to the crypto industry that will bring greater abundance to the industry?

Ans — 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 a form of entertainment. So, the market of CasinoLand has a huge potential.

Q5. What are the uniqueness of CasinoLand offers other competitors of yours do not? give 3 reasons why I should choose Casino Land?

Ans — 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.

There are 3 reasons: 1/ The PVP mechanism which ensure you the complete fairness in gambling. 2/ The benefits of CLN token. 3/ The integration of Defi platform.

Q6. What audience is the CasinoLand project targeting? Are these people who want entertainment or want to make money?

Ans — We are targeting both professional gamblers who gamble for living and non-professional gamblers. We also integrate Defi platform for common-users, especially crypto practitioners.

Here are some important links of Casinoland Network 👇

Website : https://casinoland.network/

Telegram Discussion : https://t.me/casinoland_network

Telegram ANN : http://t.me/casinoland_channel

Twitter : https://twitter.com/casinoland_net