REVOLUTION IN THE CASINO and GAMING INDUSTRY
The rapid rise in the number of crypto currencies has attracted a growing interest in the community. For just two years, the value of Bitcoin has increased by more than 1,000% - and predictions suggest that this increase hardly stops early with a market capitalization of over $819 billion in January, 2018. With more than 1000 different crypto currencies available and more being developed each day, the crypto currency market is really booming. Figure 1. Gross gaming yield in billion US dollars Besides, as a huge number of people gamble daily sports, casino games, online poker, market capitalization is expected to reach $ 495 billion by 2019. The popularity of these markets accompanying the enormous growth of the crypto currency will be a revolution if there is a combination of these two potential industries. There are some unique elements of crypto currency that make them the perfect choice for sports betting, gaming and poker. Firstly, because the crypto currencies has a much smaller transfer and conversion fee than other traditional currencies, traditional betting channels tend to have more engaging exchange volume than online casinos. Furthermore, because crypto currency adopts Blockchain technology, crypto currency has a much faster transaction speed than traditional currency. Withdrawing money from a traditional casino can take some days depending on the working time of the involved bank, while withdrawals from the crypto casino usually take no more than an hour. Another factor demonstrating the superiority of the crypto casino is that many nations will tax the poker player on their win as it is seen as a game of skill. However, tax laws with crypto currency are a bit different, and it means that you will not be taxed so high on your winnings.
For example, Bitcoin is held as a capital asset, resulting in a lower tax rate. Therefore, the combination between betting, online gaming and crypto currency markets offers a huge advantage to both casinos and participants advantage, which promises a revolution in the online casino industry.
Abstract:The gaming sector has been involved in the development and monetization of all kinds of video games. Thousands of people have been employed in this industry worldwide. Technologies like virtual reality and augmented reality are major advancement in the game development. The incorporation of the blockchain in gaming will help its technology to work on a stronger platform and hardware. In recent years however, the emergence of social media, smart-phones have introduced new categories such as mobile and social games. The PC and Console gaming industry has grown into themainstream market in millennium.The industry has grown from about US$9.5 billion in 2007. The video game industry profits still drive technological advancement which is then used by other sectors. A new generation of gamers now has independent spending power; therefore, video games can no longer be considered solely for children. The Gaming industry growing faster every hour to $116 billion 2017Mobile gaming revenue for 2017.
The Blockchain incorporation is one major technological advancement introduced into gaming the gaming sector. The first games emerged in the 1970’s Video games today offer realistic graphics and simulate reality. Video games are a multibillion-dollar business. In 2016, the video game market in the United States was valued at 17.68 billion U.S. dollars.
Introduction:Currency has changed the world for god and bad ever since its introduction. Now the time has come for the future in currency in the form of cryptocurrency. Convention currency has become obsolete in today’s time as all of us have turned to plastic or digital money. Cryptocurrency is the future of money and business cause of its greater benefits to the customers and the users. MYASTRO coin is that it designed specifically for the gaming industry. Further a strong blockchain makes MY ASTRO coin one of the most stable coins in the market making it a digital asset. The aim of MY ASTRO Coin is to spread the benefits of cryptocurrency in all the gaming platforms, providing gamers with a way efficient way of transactions in the gaming universe. Further in this white paper we will study the technology and mechanism used in our work structure.
What is MyAstro ?MyAstro is a cryptocurrency or a digital asset that can specifically be used for every in-game transaction. We started this venture in 2017 to provide gamers with optimum usage of resources and returns. MyAstro will provide you the blockchain technology to maintain all data in your games with no data loss or corruption. My Astro is that gaming platform that will provide you payment options, services and games on all platforms. MyAstro has a stable blockchain platform for gamers to play and trade seamlessly at the same time. MyAstro coin is a venture to provide gamers across the world a worry-free environment for in-game transactions. With us gamers do not have to be worried of getting scamed, wait times and Transaction fees. MyAstro will provide you the blockchain technology to maintain all in-game data with complete access from anywhere in the world.
MyAstro is a cryptocurrency for every in-game on every platform. We aim to create a cryptocurrency community of gamers globally and create balance in the ever evolving crypto and gaming market. My Astro is a gaming platform that provides you digital asset management, services and all type of games on all platforms be it mobile, online, pc, console etc. My Astro will provide fast, safe and transparent transactions to all of gaming in the years to come. Potentially, the launch of MYASTRO offers a total solution that allows online casinos to accept payments in crypto currency. In addition, MYASTRO also provides a platform and APIs for game developers, and traditional casinos even can easily integrate their systems and approach the millions of gamers using math algorithm and building a complete ecosystem according to their needs. For investors, the investment in the token MYASTRO promises to bring many benefits, from the increasing value of MYASTRO to the distribution of profits gained from the system.
HOW MYASTRO TOKENS WORK ??The MYASTRO ecosystem is designed specifically for MYASTRO token holders. You cannot make a transaction if you do not own MYASTRO tokens. When a transaction is made, the system automatically charges a transaction fee equal to 0.5% of the total transaction value. Thanks to Blockchain technology and MYASTRO smart platform, this 0.5% will be implemented immediately and guaranteed 100% transparency. We design the optimal system to handle millions of transactions per hour to serve the tens of millions of people involved in the ecosystem every day. The MYASTRO platform is also flexible and intelligent enough to expand to meet the rapidly growing demand for trading.
Trading activities will arise from the following activities:
• Casino Betting
• Game Competition
• Purchase MYASTRO
• Use MYASTRO for other commercial activities in the future
MYASTRO is one of the first cryptocurrencies to have an innovative approach towards the cryptocurrency and gaming market. MY ASTRO uses the hash algorithm (proof of work) which helps both the miners and the customer in mining and buying MYASTRO, Further increasing our market to both the aspects of this business.
Proof of work:We need understand that anyone can create a block; while we only want a unique chain, so we want a way to decide which block we should trust. Proof of work has the nice property that you can use. Users can simply pick the longest valid chain with the highest amount of work and the correct chain.
MYASTRO coin is one of the coins in the industry that has uses the Proof of work principle to the most adaptable use for the travel sector, Making the coin which can be mined by miners all around the world. The hash algorithm incorporated is an ever evolving code that gets harder once a block has been mined making the algorithm even stronger and placing the power in the hands of the users than the miners. The miners also have the inclination towards mining the coin. This is because of the rewards that the mining will get to the miners. This technology advancement will make the MY ASTRO coin a stable entity and have acceptance all around the world as one of the leading cryptocurrency in the world.
Powerful blockchain system:The blockchain is a digital online ledger for keeping track of the transactions made online through cryptocurrency. As cryptocurrency is decentralized and has no regulatory body to control the transaction the blockchian keeps the ledger encrypted for security and transparency. These ledgers are updated by the users and volunteers called miners.
A blockchain is basically an encrypted code which keeps your transactions secure by keeping the data information in different blocks in the blockchain and miners have to find the code of the blocks to crack them and receiving the token as rewards. MYASTRO does not have a central regulatory authority and hence does not have any body to dictate when to create more currency. Miners can gain rewards from mining for the coins. But mining is not an easy process that is why the blocks are consolidated into shares which a miner can crack depending on the server setting. Each block has a different difficulty and once you crack a block the difficulty keeps increasing. Each share has a different block once cracked fewer total shares are required to find a complete block. This can simply be compared to actual bonds, where the more you accumulate the more chances of breaking a block. The other method is to request work from the server directly by the miners.
Once requested the server side coin daemon will verify the block and check is the solution apt then has the potential to become a block solution to be rewarded.
Accessibility:The user has all the control over the account as there is no regulatory authority over them controlling and watching over their transactions and account information. No federal agency, bank or government cannot freeze or shut down your account as the currency is decentralized and these organizations do not have jurisdiction over MYASTRO making your account accessible to you whenever and wherever you require.
Transparency:The blockchain keeps the ledger public for everyone to view and update, keeping the transaction transparent. To further understand the ledger is updated by everyone and there are volunteers who keep updating the ledger for public view creating an open and conceivable work structure. The customer is provided with a public key to view and update all the transaction details but none of the personal information of the user is ever seen by the people in the blockchain or on the network.
Coin specifications:- Coin Name: MYASTRO Coin
- Algorithm:: Scrypt
- Total Coin supply - 249876500
- Total pre mine - 49,975,300.
- Emission rate: No new coins will be created
- Accepted Currency: BTC, Dollar.
- Block time: 2 MINS.
- Block rewards: 5 COINS.
- Category: POW (Proof of work).
- Exchanges: BITTREX, YOBIT, CRYPTOPIA, MERCATOX.
Features:Cross platform gaming:Cross platform gaming is a universal transaction medium provided by MyAstro coin which will enable payments across all gaming platforms for making in game purchases. My Astro has collaborated with game developers to attain acceptability on all gaming platforms. Cross platform gaming will ease of all your in game purchases, providing the gamer a wholesome space to make all game transactions.
Winning Circle:Our games will give you an opportunity to win My Astro tokens. The winning circle is has the My Astro in-house games where a player can play using the My Astro coin and get an opportunity to win more My Astro tokens as rewards while playing. My Astro is not just about gaming anymore as cryptocurrency and Gaming have the capability to grow as an industry by 3% quarterly.
Cloud Gaming:Cloud gaming is a feature of gaming that’s here to stay and change the gaming industry. Save and keep your games on the universal blockchain and access all the games where and when you like. Just use you’re my Astro token to make cloud account had experience hassle free gaming.
Transparent transactions:Make transactions on our powerful blockchain to make all your in-game transactions. The transactions on the My Astro Blockchain are fast, safe and transparent. No hidden fee for the transaction when you transact with MyAstro.
Why use My Astro coin?Exchange: The blockchain is updated by the users themselves making it a transparent mode of transfer. This method completely eliminates fraud and theft abrication or deletion on the blockchain is impossible once the transaction has be recorded on. All the transaction are authorized by the gamers private key without which making a transfer is impossible.
User empowerment: The user using the My Astro coin has complete access and control over every transfer. The Gamer has all the control from making an in game purchase to trading with cryptocurrency and gaining benefits of the crypto community.
Access: The decentralized structure of cryptocurrencies and the blockchain technology makes your game account secure. No government has the authority or the technical efficiency to shut your account making it accessible at all times.
Transparency: The blockchain is a user interface and is updated by the users themselves. The blockchain is a public ledger creating a transparent structure. No changes can be made to the Blockchain. Any data once entered on the blockchain cannot be altered.
Social Links:Twitter:
https://twitter.com/myastrocoinYoutube:
https://www.youtube.com/channel/UCdfLAeMreO5SY02qDcOWdnAReddit:
https://www.reddit.com/user/myastrocoinWebsite:https://www.myastrocoin.net/
