Pegasus Coin: Kazakhstan Horseracing Firm To Build Park, Use Blockchain For Betting
Kazakhstan, formerly of the Soviet Union is looking to change the world of horseracing with the new Pegasus token. KHA, the company behind the platform, was started in 2012 as the country’s first equine management organization for racing purposes. Since they’ve started they’ve been able to form legalized gambling in the horse racing industry.
Pegasus company is now looking to make the biggest horse racing token in the world. Not only are they forming a new horse racing cryptocurrency company, they are also going to build a massive horseracing facility in the country. The new park will be 113-hectares of land in size, operating fully by the Pegasus token. The new decentralized coin built on the companies open sourced platform. The company already has already claimed the needed licenses, and land rights, as well support from the proper committees.
Other countries are getting involved in the new move as well, namely those already big in the horseracing industry like the Japan Racing Association and the China National Compete Plant Import Export Corporation. The purpose of bringing in outside parties is to develop a renowned horse track, facility and blockchain network.
Kazakhstan’s horse track’s construction is scheduled to start in 2019. The land it’s being built on is worth an estimated fifty-three million USD, that’s not including the worth of the facility once its been completed. The facility is said to be large enough to hold as many as 700 horses, with other amenities adequate for racing.
Wallets for the token will hold the main currency used for the track, being the only needed to run all operations. With the use of the Pegasus wallet, bettors will no longer have issues with carrying large amounts of currency into the facility, something that has been an issue in the past when it comes to travelers carrying fiat currency.
The wallet will make it easy for paying for everything at the track, from food, to products to services, including gambling on the races. The park will reward patrons with kickbacks from profits made, to help reimburse them for attending the park and using its services.
Token sales begin on the 27th of August, with hopes of it being used on a global scale for mainstream use. There is still no token to have achieved this landmark milestone, but Pegasus is looking to change that setback. The horse track will no doubt attract some major investors from around the world, likely bringing big money to token sales.
With the launch of the token and racetrack, a new fresh start is about to hit the cryptocurrency sphere. There is still no whitepaper or roadmap for the currency, but hopefully one will soon be released.
What will happen with the launch of the Pegasus token and the new racetrack? Leave your ideas in the comment section below.