Wild Rich and DeClub to Establish the Pioneering Blockchain Casino in Macau via ICO
The project will be overseen by DeClub, a Macau casino management firm, in partnership with the Maltese Wide Rich Global Company. In this case, Wide Rich will use the money from the token sale to acquire DeClub. The projected revenue from the ICO is $1 billion.
After purchasing DeClub, Wide Rich will shift its attention to other casinos that rake in massive revenues. This is in line with the company’s objective of becoming a global leader in the management of casinos. Wide Rich intends to acquire both physical and online casinos. All casinos will integrate blockchain technology into their operations.
By adopting blockchain technology, the casinos intend to establish a consumer-centered betting platform. As per the project whitepaper, the tokenization of chips and casinos will create a gambling ecosystem that provides easy and affordable access to personalized services of the users’ mobile phones. In this regard, Wide Rich will issue a utility token called DEC. The token will facilitate transactions on the network.
The DEC token is an ERC20 standard token built on the Ethereum blockchain. Notably, DeClub is willing to launch the coin on alternative blockchains if the Ethereum network is faced with scaling challenges. The token will be convertible into various fiat currencies. Moreover, the whitepaper states that the coin will become available at the beginning of next year. The presale, however, is expected to start on November 15.
Lastly, DeClub is working on a mobile app for hosting online casino games. These games will be playable by members of the DeClub online casino. Also, the company will launch a DEC crowdfunding app that is powered by smart contracts.