Casinocoin is an open source, peer-to-peer, platform independent digital currency specifically designed for online casino gaming. ^[1]

Casinocoin can simply be summed up as universal casino chips. ^[1]

It was launched on July 18, 2013.

How Does CasinoCoin Work?

The idea for CasinoCoin first emerged after the online gambling industry’s infamous “Black Friday”, which took place on April 15, 2011. After this date, online casinos were effectively shut down across the United States. Online gambling platforms were forced to register with small island nations or Central American countries, and gamblers were forced to play on unregulated gambling platforms with limited transparency.

CasinoCoin was designed to solve that problem. Originally released in 2013, the currency is designed to be easily transferable between games, exchanges, and gamblers. The tokens were originally described as “universal casino chips.”

The original casino coin was an ambitious project that never really got off the ground. In spring of 2017, a group of developers and gambling industry professionals acquired Casino Coin (CSC). That group was called the Double C Foundation. ^[2]

CasinoCoin is based on XRPL blockchain technology, i.e Ripple’s revolutionary ledger technology which was intended for the financial industry. The XRPL enables fast and efficient currency transactions. The recommended wallet to store CasinoCoin is Xumm Wallet^[1][4]

Features

All the Casinos

Users have facility to earn rewards by accessing Casino multiple platforms Many offers bonuses for the CSC community.

Low Fees

Since CasionCoin uses XRPL, the deposit and withdrawal transactions cost very low network fees.

Simple Registration

Simple and easy registration process helps to improve overall experience, which helps to grow relationships over the longer course of time.

Trustless Storage

CasioCoin doesn't rely on third parties for the storage. Users can use non-custodial XUMM wallet to store and have full control over their Casinocoins.^[7]

Tokenomics

CasinoCoin has a ticker symbol of ticker symbol of CSC and has a total supply of 65,000,000,000 CSC. It is available for trade on Bitrue and Stex exchanges currently.^[5][6]

On April 20, 2021 CasinoCoin team initiated a token swap from the CSC Ledger (CSCL) to the XRP Ledger (XRPL). The token swap was available only in Xumm wallet and not on the exchange. The Xumm Wallet enabled an embedded migration wizard which allowed users to import CSCL and then swap to XRPL tokens. The KYC was mandatory for the process because of regulations. The Token Swap process ended on June 20, 2021. ^[8]

The Team

CasinoCoin was acquired by the Double C Foundation in spring 2017. The Foundation’s team consists of former PokerStars Marketing Executive John Caldwell and ex-Senior Project Manager of Research & Development for Rational Group, Duncan Cameron. ^[3]