Breathtaking ICO: China's first BTC casino,
www.ricohouse.cnTwitter：
https://twitter.com/jtlcrypto ICO
We are introducing RicoHouse tokens which are caller RBC and they will be the offical currency for the platform . We’re going to release a total of 500,000,000 CHP to the market.
The ICO will distribute 75% of the total token supply - 375,000,000 - to the community in three rounds.
Pre-ICO Start: December 18th, 1:00 p.m. GMT
Expected ICO Start February 24 th
Background
Online Casino enjoyed a meteoric rise in popularity in the early to mid-2000s but has since plateaued somewhat over the last decade or so, mainly due to regulation. However, our professional research shows strong growth going forward. In 2016, China 'undergroud' online casion industry had generated USD $43 Billion revenue with over USD $218 worth of transactions. That figure does not account for the spending in legitimate lottery games as well as virtual money gambing apps on Wetchat and other social media platforms.
It’s expected that, Chinese online gaming will grow to USD $60 billion market depite the regulationatory issue. This Asian multi-billion-dollar market has been growing at 8-13% percent each year.
The evolution of blockchain technologies is set to be a “game changer” for online gambling too as the technology has the potential to solve many key historical problems prohibiting the expansion. That’s where RicoHouse comes in - our blockchain applications solves these issues!
The launch of the RicoHouse will create a revolution in gaming industry
Why choose RicoHouse?
Our company FunPalm, is a developer, publisher and distributor of moblie game, was founded in 2015, and listed in China National Equities Exchange and Quotations（NEEQ, CODE:83405）at the following year. After the completion of required legal procedure and research online gaming market, we now have been able to integrate the blockchain technology into real mobile game.
RicoHouse-the first national gaming platform built on blockchain technology in China, will offer fantastic value for both players and cryptocurrency community members alike. We are also introducing RBC – a brand new cryptocurrency that will be used to play games safely and comfortably.
LEGAL GAMING ENVIRONMENT
What differentiates RicoHouse from other tranditional online gaming platforms is legal safety. No legal tender currency is accepted in our game, the only currency circulating in the platform is RBC, which can be exchanged to Bitcoin and Ethereum. Our company FunPalm (ACN:B2-20140124) is under the supervision of China national law and regulations, any content developed and published will be approved. RicoHouse has finalised necessary legal work and has been permitted to run legally on computer and mobile platforms. Our first gaming demo (Chinese version) is also aviliable at apple store. Thus, a safe and stable gaming environment is guranteed for all players and investors.
SECURE FUNDS
Transffering funds& cashing out winning can be frustrating. Sometimes, banks even block transfers and accounts. This is where RicoHouse, a new crypto-currency based platform, comes in. With the unique currency (RBC), and semi-decentralised data placed on blockchains, your deposits & withdrawals will reach your e-wallet within seconds.
EXCITING RETURNS
RicoHouse will release 500 million RBC tokens into the market and this amount will be fixed. This structure of fixed supply and increasing demand will cause the price of RBC to rise facilitating a significant return-on-investment for early adopters. In addition,15% of the total ICO funding will be returned to the community, via promotions and bonuses. Every month no less than 25% of the revenue raised will be returned to the community through various promotions including rake races, daily tournaments, jackpots etc.
TRUSTWORTHY TECHNOLOGY
Transffering funds& cashing out winning can be frustrating. Sometimes, banks even block transfers and accounts. This is where RicoHouse, a new crypto-currency based platform, comes in. With the unique currency (RBC), and semi-decentralised data placed on blockchains, your deposits & withdrawals will reach your e-wallet within seconds
SAFE AND CONFORTABLE EXPERIENCE
Smart contracts will guarantee the token holders’ anonymity and safety. Backed by solid legal opinions worldwide, the gaming room will operate with maximally simplified registration process, avoiding redundant user personal data collection.
FAIR PLAY
Our platform's Fairplay security and fraud system will monitor user actions, as well as the user input. With it, we’ll be able to identify and eliminate unfair play in all forms – by players, and by programs!
How to ensure investors' interests?
We highly value and appreciate investors' confidence and trust in our project, nothing is more important than protecting investors interests by generating profits for them.
According to our research, an online casino generally can attract and retain 10,000 to 200,000 customers, generating 49,000,000 RMB (= 8,000,000 USD) to 980,000,000 RMB (= 130,000,000 USD) worth of betting daily. That is, an average spending on placing bets is around 5000 RMB per customer (= 600 USD). Despite the profit ratio, RicoHouse casino's priority is to expand the market share of Crypto currency based gaming platform. With the edge of being the very first in China, we are confident in the prospects of our project as China has become the largest bitcoin market in the world, for the first time since November of 2016 and China's exchanges report 98% of global volume. This will gives us a local advantage to redefine how the game is played. Once we attract and retain 10,000 players, with 8,000,000 USD ( 20,000 ETH) bets placed on daily, this will account for nearly a quarter of our current market cap (85,500 ETH). Assuming the house takes a 10% profit, this means 2000 ETH, at least 12,000,000 RBC based on the different stage bonus of ICO, will flow back and be reserved by RicoHouse. However, the demand of the RBC Token is constantly strong as it is the only token circulating on the gaming platform, while the supply will remain decreasing because RicoHous can retain a certain amount of RBC Token to appreciate its value and keep generating profit for our ICO investors.
The current value of 1 RBC (1 ETH= 7602 RBC) is around 0.052 USD, when it increases to the equivalent value of 1 USD, which is more likely to happen within a rather short period of time, this will make at least a 2000% investment return for early adopters, and 1400% for those join at a relatively late stage.
Therefore, with the fixed amount of RBC Token supplied and an increasing demand from growing number of players and purchasing, the investors will be heavily rewarded for holding RBC on both short and long trem
