MECA Casino To Leverage Blockchain Tech To Boost Credibility In Online Gambling
In 2017, the cumulative market size of the casinos touched $450 billion USD, of that $47 billion was generated by online casinos. To put this in perspective, this is larger than the PC and game market. While online gambling generates huge profits players have serious concerns over transparency and fairness.
There is always the chance that casino winnings are manipulated through the non-random generation of game-utilized numbers by casino operators or hackers. As casino engineers also have direct access to the assets of their users, the possibility exists for other deceitful activities, outside of the game administration, to take place. MECA Casino believes it has the resolution.
What Is MECA Casino?
MECA Casino is a new blockchain-based platform is poised to entirely transform the landscape of online gaming and raffle. Many players are currently enjoying the convenience and anonymity that crypto-based casinos provide, but these casinos are still not taking advantage of the full technological abilities of the blockchain in order to foster trust and transparency.
he MECA Casino platform is a decentralized application built on top of the ICON blockchain. The developers picked ICON over its competitors like Ethereum because it was the best fit in terms of transactional speed, reliability, and transparency. This enables the developers to “generate random, confirmable results and smart contracts to ensure accurate payouts.”
What Problems Does The MECA Casino Solve?
One of the first problems that MECA Casino identified early on was credibility. As online gambling websites are relatively obscure and backed by anonymous individuals, there is no way for players to know whether or not the games they are playing are free of bias. With blockchain technology, however, the company can introduce transparency and trust to online games. The decentralized nature of the platform means that players can easily verify and audit results themselves at any time.
The platform is capable of supporting individually-owned casinos and related assets. Those looking to provide games as a service can purchase the rights to such a casino and then earn revenue whenever users play games there. Users will also be able to control the decor and interior layout, that will potentially lure more players to their specific casino.
The company is also offering a radical decrease in service fees charged to the end user. It plans to do this by introducing a cryptocurrency named MECA Coin (MCA) and charging a house edge that is a mere one-tenth of the industry average.
Guaranteed Fairness Is Not The Only Advantage
A key portion is making the games and environment high-quality and fun, not just speculation. These games are being produced with HTML5 and can potentially run on any device with a modern web browser. Development is well underway, with several seven complete titles at the time of writing. Furthermore, in 2019 MECA Casino will also offer a sports betting platform.
Their classic table games include Blackjack, Texas Holdem; and Baccarat. The casino also has several slot machine games with cutting-edge graphics and a variety of themes, such as outer space and Greek mythology. These games are an enhanced version of the real casino experience.
Scheduled Launch And Token Sale
It plans to do this by proposing a cryptocurrency named MECA Coin (MCA) and charging a house edge that is a mere one-tenth of the industry average. These MCA tokens are scheduled to be sold in two fundraising rounds, public and private. While the latter is expected to run sometime this month (August 2018), there has been no set date for the public sale yet. A total of 2 billion MCA tokens will be offered across both fundraising events.
The MECA Casino team is aiming for a platform release in the third quarter of 2019 with a variety of games available immediately at launch. Development will continue on the project and within three to five years, many more ‘high-quality games’ will also be made available.