RAcoin Cryptocurrency For The Traditional Gambling Industry

Cryptocurrency For The Real World Gambling Industry

The primary mission of RAcoin is to make the blockchain technology an essential part of the traditional gambling industry and reach maximum audience to distribute RAcoin as a properly featured gambling cryptocurrency. The first place where you can pay for everything with RAcoin will be “Palau World” — a luxury casino and hotel that will be built on Palau Island by RA Entertainment Inc. Building will commence towards the end of 2018. At the same time our team is working on increasing our partnerships network in order to have at least 10 casino and hotels accepting RAcoin by the end of 2019.

RAcoin’s technology and mission

RAcoin is a world-class cryptographic token based on blockchain, developed specifically for the global gambling industry.

Circulating along with fiat on gambling and betting online platforms RAcoin allows customers to feel free choosing the method of payment. However, due to low fees for withdrawing money – much lower than for fiat – RAcoin turns out to be more profitable in utilization. Also RAcoin uses gamification techniques that will motivate gamers to learn more about blockchain and cryptoeconomy. In particular, due to the “operating” jackpot token holders will have an opportunity to participate and win a portion of RAcoin funds raised inside the Palau World eco-system. The system will choose winners via smart contacts.
The goal of the RAcoin project is to change the traditional approach to online gambling creating a platform for the next decisive step towards a legitimate online casino, entirely based on blockchain technology. RAcoin aims to become a single and commonly used token that fully meets all the needs of the global online gambling industry. The mission of RAcoin is some day to become a unified and commonly used token that fully meets all the needs of the global online gambling industry. It will be the first decisive step towards a legal online casino entirely based on blockchain. Also RAcoin will be connected with offline gambling via Palau World and the partners.

Economics of RAcoin

Owners of RAcoin receive a more economical and safer solution than existing on the market today.

RAcoin allows you to purchase any goods, services and housing, it makes it possible to make deposits and withdraw the winnings from online gambling sites conveniently, economically and safely.

RAcoin represents a smart business model that takes into account the interests of all sides and actors of the industry. Being optional along with other methods of payment RAcoin does not cut off the audience that is not ready for blockchain innovation. Vice versa, powered by Ethereum smart contract RAcoin enhances the interest and confidence to online and offline casinos and diverse betting services as it provides an unlimited level of transaction transparency and security. Due to that local and global gambling enterprises can attract more players and consequently be more profitable. RAcoin is a chance to upgrade your vision of gambling opportunities.

Ra Entertainment Inc. guarantees that guests will be able to pay for any Palau World services including casino access and casino chips via RAcoin and besides, the prices for services will be from 2 to 50 times less comparing with traditional methods of payment. Therefore, the loyalty program that gives obvious financial benefits will stimulate guests to use an alternative form of payment more and more often.

So far Ra Entertainment Inc. guarantees that RAC will run as a form of payment in Palau World casino and hotel complex as well as on affiliated European gambling and betting online platforms. However, it is just the beginning for the project. Our purpose is to extend the partner network plus reach and engage maximum gamblers. The company focuses both on offline gambling environment and online casino and betting services. Ra Entertainment Inc. does its best to achieve the most daring goals.