This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.
Project name: CasinoCoin
Currency: CSC (CSC)
Issuing account: rCSCManTZ8ME9EoLrSHHYKW8PPwWMgkwr
Distribution accounts: rCSCopUsx5FXiY7HR45psvmUCa4xTB3pQ
This is revision number 1, signed March 14, 2022 by rCSCopUsx5FXiY7HR45psvmUCa4xTB3pQ
Description: CasinoCoin (CSC) is a digital currency, developed specifically for the regulated gaming industry.
It is utilizing XRPL Labs flagship product, the XUMM Wallet (https://xumm.app), which has over 500,000 users with features built-in like KYC, AML and xApps. It provides onboarded users with access to some of the world’s top regulated gaming sites, and the opportunity to deposit and withdraw in CSC.
CasinoCoin is founded on an ethos of compliance and consumer protection first and is developing a gaming environment worthy of the world’s regulated gaming jurisdictions. Eminence is in a strong position to leverage its highly active and engaged community to strike deals with operators that won’t be matched by other currencies. It’s crucial to the project’s success to have a strong and trusted partner as on and off-ramp.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
Built for Operators
- Partnering with a team with deep experience in blockchain, crypto and gambling
- New pool of potential players - Users holding CasinoCoin are primed to gamble!
- Pre-verified to industry regulatory standards
- Minimise data processing
- Eminence as a team can support you with your cryptocurrency strategy
- Access to data analytics on player behaviour across CasinoCoin lobby
- No chargebacks
- Low transaction costs compared to FIAT methods
Built for players
We have a deeply engaged active community of CasinoCoin holders built out of trust and belief in the utility that we deliver. Our partnership with XRPLabs XUMM wallet gives players security, control and a frictionless experience.
Benefits to players include:
- Submit KYC and registration details once
- Near instant deposits and withdrawals
- Proprietary ‘deposit anything’ functionality enables the transfer of any currency on XRPL to spend with - CasinoCoin integrated operators
- Access bonuses and offers not available elsewhere
Benefits of a full integration:
- Reduced KYC costs
- Gateway to the multi-billion-dollar crypto gambling market
- No chargebacks
- Access to a large player pool already on board, growing exponentially
Benefits for regulators:
The advantage for regulatory purposes may be obvious to most. However, it could also be seen as a double-edged sword. On the one side, it brings security and reassurance to players while the other side gives the increased financial and workforce requirements of implementation. With CasinoCoin, these conditions can be significantly reduced by leveraging the significant advantages of blockchain technology.
Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?
- We took over an existing active and engaged community of holders who wanted to use a specific token for gambling.
- The differentiation of the token through its name enables users to be very clear on what it has been created for.
- CSC delivers gaming utility plus because it provides pre-verified customers to regulated gambling operators and where necessary will apply regulation level checks to users on entry to the lobby environment.
- The differentiation provided by CSC is also appealing to gambling operators as they can use it for marketing purposes, creating specific promotions for users without fear of holders being underage.
Whitepaper/sales material: https://drive.google.com/open?id=14CJNK4cW-hr_hvwm6XM6DiL_1HrWVv7k
The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.
Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.
Bug bounty program: This is not applicable for this token.
The self-assessment is made on behalf of a legal entity (for example the issuer is a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).
Website: https://casinocoin.imWebsite information: The website should disclose the following information:
- Details of the legal entity: official name and registry code, company headquarters mailing address
- Contact information: e-mail and other contact information
- Core team members
- Whitepaper if available
The website contains relevant information.
Business plan: A business plan should entail:
- the amount of revenue and expenditure by area of activity
- obligations related to the issuing of the token
- the technical administration of the company
- operational strategy
- the intended activities related to the token
- general principles of risk management and strategy of risk management
- policy for the financing of activities.
The issuer has developed a business plan for the next 3 years.
Risk assessment: A risk assessment should include identification of, assessment of impact and likelihood and mitigation measures and status of implementation for applicable risk scenarios.
The issuer has conducted risk assessment and implemented risk management activities.
Internal policies: Critical internal policies are necessary to manage risks.
The issuer has adopted and implemented appropriate internal policies and procedures in the areas of information security, business continuity, risk management and accounting.
Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.
The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).
|Revision 1||March 14, 2022|