Vital Coin Ltd
Revolutionizing the Gaming and Casino IndustryVital Coin Ltd is a London based Financial Technology firm focused on providing a cutting edge gaming experience for worldwide audience. Harnessing the power of blockchain technology, we aim to transform the online gaming market to be an enticing ground for fun, exhilarating and profitable gaming.
The Gaming and Casino IndustryThe financial opportunity of the gaming industry is staggering. In 2015, international revenue generated from gaming approached $400 billion USD in 2015. Online gaming makes up a substantial portion of that market. Roughly 10% and $40 billion USD is from online gaming. What’s more impressive is the growth of online gaming since 2010, which was 50%. Experts predict the total gaming industry will be close to $60 billion by the year 2020. In terms of participation, that is nearly 6 million adults participating in gaming. (H2 Global Summary, 2017). Not surprisingly, the online segment of the gambling market is expected to accelerate faster than the traditional casino market.
Size of the online gambling market from 2009 to 2020 (in billion US dollars)
The advantages of blockchain applicationThrough blockchain technology, we can revolutionise the online gaming industry by introducing a provable, fair and immutable records of deposits, withdrawals and winnings that has near instantaneous transaction speeds. These points will be essential to promote mass adoption of VitalCoin in the market.
Comparison chart | Traditional Gaming Platform | Vital Coin Gaming Platform |
| Location | Restricted by nationality and local laws | No Restrictions |
| Players | Limitations by individual’s country laws | Only technical limitations |
| Expansions | Costly and time consuming | Fast and low cost |
| International fund transfer | Borders limitation, fees and time consuming | Fast and free |
| Transaction fees | Up to 5% | Less than 0.5% |
| Transaction time | Up to Days | Immediate or within a short period |
| Withdrawal time | Days to weeks | Within a few hours |
| Control | Centralised | Decentralised |
| Budget limit authority | Banks | Players |
| Security | Reliance on bank | Transparent, controlled by a distributed network. |
| New updates and partner integration | Tedious, time consuming and costly. | Fast and low cost |
| Currency exchange | Up to 5% | Almost free |
AudiencesPremium PlayersPremium players are gamers that consistently spend large amount of money on gaming platforms. These premium players are essential to the operations of gaming platforms. In traditional gaming platforms, premium players can fund in through credit or bank wire transfers, which most often than not have a comparatively low transfer limit. In such instances, premium players are forced to accept less than favourable terms with their gaming platforms in order to attain sufficient gaming funding. With VIT, premium players can sidestep such scenarios by funding in through major cryptocurrency exchanges, where the upper trading limits are considerably more acceptable to them.
Casual PlayersCasual players are small time players that spend small amounts of money infrequently just for some quick fun. These casual players value convenience and confidentiality over other aspects of online gaming. With VIT, casual players can instantaneously obtain VIT via cryptocurrency exchanges that is available round the clock, as compared to waiting for banks and intermediaries to validate their funding in. VIT would also no leave any transactional paper trails that links them with any gaming platforms. This would definitely be more ideal than the current funding process in place today.
OperatorsRisk of default will be entirely eliminated as gamers can only fund in and buy VIT with major cryptocurrencies. These digital assets will then be held as collaterals with the operators while gamers enjoy their gaming experience on their respective platforms. Losses from gamers will be covered by a portion of the digital assets collaterals while winnings will be paid out in the form of digital assets. The absence of transfer of traditional fiat currencies also creates potential operational savings for operators as compared to traditional transactions of online gaming.
Coin Specifications- Coin Name: Vital Coin (VIT)
- Mining Mechanism: Proof of Stake (POS)
- QT wallet: Windows, Linux
Inflation01/03/2018 – 31/08/2018： 60％
01/09/2018 – 28/02/2019: 40％
01/03/2019 – 31/08/2019： 30％
01/09/2019 and thereafter： 20％
WalletWindows：
https://vitalcoin.info/wp-content/uploads/2018/01/VitalCoin.zipLinux：
https://vitalcoin.info/wp-content/uploads/2018/01/Linux-VitalCoind.zipGithub Linkhttps://github.com/argyll-tech/VitalCoin/Explorer Linkexplorer.vitalcoin.info
Follow us on:Website:
http://vitalcoin.info/Twitter: @VitalCoinVIT
VitalCoin (VIT) is now avaliable on:C-CEXhttps://c-cex.com/NovaTraderEXhttps://novatraderex.com/VitalCoin APP is now available on:
Google Play Store
https://play.google.com/store/apps/details?id=app.vitalcoin.infoAPP STORE
https://itunes.apple.com/sg/app/vit/id1353340284?mt=8*Use of VitalCoin to exchange for casino chips will be available soon, please stick around!
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