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  • Writer's pictureSarah Dixon

CoinGames is Ready to Launch Their Decentralized Casino, Here’s What That Means

CoinGame is about to launch, come join the crypto casino today for an innovative gaming experience!

The innovative and exciting crypto casino is about to launch its decentralized version on February 20th! This is a key event in the casino’s journey, as it will effectively revolutionize the way registered users interact with the platform, and will give them some ulterior benefits, including a more secure and transparent framework, and also allowing users to play with a single digital currency.

Following a period of action where the casino was operating as a centralized entity, allowing users to choose which currency they wanted to use in order to playBitcoin, Bitcoin Cash, Ethereum, Dogecoin, Litecoin or Tether – it will now introduce its very own digital currency, DEGA, that will be used for all gaming aspects.

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Gamers in control of their own funds

Among the tangible effects of the CoinGames platform completing its migration into a Web 3 framework are the fact that users will effectively be in control of their own funds at all times, whether they are still in their wallet or in a game session. This is because the platform and the user’s funds are not in contact at all until the user connects their wallet to CoinGames, at which point they can then deposit funds directly into their account. The transparent and reassuring part, for users, is effectively that no third party enters in contact with the users funds at any moment, with the exception of our smart contract – called the Vault – which watches over a user’s deposited funds, and is programmed to release them at the occurrence of certain gaming criteria, such as a user’s win or completion of wagering requirements.

The exciting aspect about a user being in control of their funds at all times is that it is virtually impossible to be cheated out of a win or a withdrawal, as well as the fact that the latter essentially becomes an almost instantaneous transaction, with no hidden fees, waiting periods or obscure processes to go through in order to collect a user’s winnings back into their wallet. The same narrative can be applied, of course, to a user’s deposits, which occur almost instantaneously, once they have connected their wallet to the platform on the BSC network and chosen the amount they wish to play with.

Use DEGA and play at the Crypto Casino

This amount will, as indicated above, be in DEGA, the single currency that will be used on Coingames following their much-anticipated migration. DEGA is the unique currency of the CoinGames framework, a token that is backed to Bitcoin, and minted by the crypto casino’s own Vault smart contract, therefore making it a safe and transparent coin to play with, as no third parties or outside entities are ever involved around users’ funds, which are stored safely by the Vault at all times, until they are released following a win or wagering completion in a promotion.

What else? Join CoinGames

By joining CoinGames, you will have the opportunity to take advantage of all of the above and more, as the platform has ulterior innovative plans in the future, placing it on the cutting edge of the crypto gaming spectrum: one such plan is to export DEGA to other casinos, therefore creating a single currency that games can play with on several platforms – and cutting out the swapping mechanism that can be confusing or too intricate to explore for many. This is just one of the reasons why CoinGames will lead the sector into the new dimension of crypto casinos. The only question is, will you join them?

Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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