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$VEGAS is the native token of the platform and is currently in the presale phase. The token is designed to bring value to the platform and give governance powers to its community. In addition to it being the native asset of a desirable crypto casino project, $VEGAS also benefits from the team’s commitment to reserve 20% of the platform’s profits for buyback and burn. This ensures a constantly rising floor for $VEGAS. Holders will also be able to stake their $VEGAS tokens for a generous 33% APY. Crypto casino key west The growth of the online gambling industry accelerated during the COVID-19 pandemic. In 2020, a Statista report valued the industry at $58.9 billion worldwide (2019). By 2023, the report suggested the industry might be worth $92.9 billion.

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BetChain Casino World of Oz What Does “Provably Fair Games” Mean? Consensus verification is a concept that is inherent in decentralized cryptocurrencies such as Bitcoin. Consider this – if 100 witnesses to a transaction are present, those witnesses can verify the transaction even if no paperwork is current. The community independently verifies ownership. That is also why cryptosystems evolved to address the “51% attack problem,” in which a single holder can hijack a chain. Apart from that, verification is fully automated and error-proof.

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Casino games are not that different compared to those found at casinos. It is true that all casinos do not offer the same titles with good variety. Typically, most of the casinos offer the following crypto and live casino games as they are the most played provably fair games – online slots, video poker, jackpot slot, roulette, blackjack, live casino section, Sic bo, VR casino, dice games, and many other crypto games. Apart from the VR Games available from the initial launch of the platform, a whole set of new VR games will be progressively developed and released on our platform. While there have been occasional examples of cryptocurrency theft and hacking, none of this has occurred at a casino. Instead, crypto exchanges have been targeted. In reality, due to the multiple layers of encryption and authentication that occur along the process, Bitcoin transactions at an online casino are incredibly secure.
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