HomeBlockchain Platforms & EcosystemsSolCasino Takes Advantage of Fast & Cheap Transactions on Solana - A...

SolCasino Takes Advantage of Fast & Cheap Transactions on Solana – A Turning Point in Web3 Casinos?

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SolCasino is an online gambling platform built on the Solana blockchain, which leverages the advantages of this network to provide a secure, transparent, and efficient gaming experience.

While I am not a big fan of gambling, it does feel like there is a huge potential for market disruption in this industry. This has already been possible on games once you deposit your BTC.

The question is – can we make it fair, useable, and accessible to people in countries where usage is legal? Can we ensure that the odds are correct and working as intended?

SOL Blockchain Integration

SolCasino is integrated with the Solana blockchain, known for its high speed and low transaction costs. This makes it ideal for real-time transactions and minimizes the cost overhead for users.

Due to memecoin mania, the number of active users seem to be growing rapidly.

The platform uses smart contracts to automate and secure various casino operations, including game outcomes, payouts, and bonuses.

However, due to ongoing legal battles around the world, many countries such as the USA are not eligible to gamble on this platform. This probably stifles user growth, but potentially helps save people from getting hacked or exploited!

User Accounts and Wallets

Users connect their cryptocurrency (such as Phantom or Sollet) to the SolCasino platform. This allows for seamless deposits and withdrawals in Solana (SOL) and other Solana-based tokens.

Users manage their accounts and funds through the connected wallet, ensuring security and user control over their assets.

Gaming Experience

SolCasino offers a range of casino games including slots, poker, blackjack, roulette, and more. Each game is designed to be fair and transparent, with outcomes determined by smart contracts.

Provably Fair Games

Since game outcomes are determined by blockchain-based algorithms, they are verifiable and transparent. Players can independently verify the fairness of game results.

Real-time Interaction

Thanks to Solana's high throughput, players experience minimal latency, which is crucial for a smooth gaming experience, especially in live casino games.

Transactions

Users can quickly deposit and withdraw funds using SOL or other supported cryptocurrencies. The transactions are processed almost instantly due to Solana's fast block times.

Transaction fees are very low on Solana, making it economical for players to move their funds in and out of the casino.

Security and Fairness

Utilizing blockchain technology ensures that the casino's operations are decentralized and secure. The risk of centralized fraud or manipulation is significantly reduced.

All transactions and game outcomes are recorded on the blockchain, providing full transparency. Players can audit the transactions and game results at any time.

Rewards and Incentives

Bonuses and Promotions

SolCasino offers various bonuses and promotions to attract and retain players. These can include deposit bonuses, free spins, and loyalty rewards.

Solcasino Tokenomics (SCS Token)

Solcasino Token ($SCS)

Total Supply: 10,000,000,000

40% – Rewards for Holders

30% – Season 2 (Locked)

10% – Liquidity Pools ($125k+ USDC Liquidity)

10% – Community Rewards

5% – Team (Vested)

5% – Marketing

Season 2 rewards will be locked for 12 months.

Source.

SolCasino Staking and Yield

Some platforms may offer staking options where users can stake their SOL or other tokens to earn rewards, adding another layer of engagement and earning potential.

NFT Staking

To earn a share of the profits from the Solcasino.io, you first need to lock up your NFTs for a period of time and you will earn shares/rewards and other casino privileges(rakeback, bonuses and etc).

Also when you stake your NFTs, it will boost your rakeback rates an extra 5% – 30% (depending on how many NFTs you stake) bonuses. Staked NFT Bonus = Rakeback Rate * Staked Nft Rate

Staking your NFTs also increases the EXP you gain for VIP/Levelling system.

Supported Token List

Current Supported Token List: (01/04/23)

Token NameSymbolNetworkUSDB EligibleCommunity Token*
Solana$SOLSolanaYesNo
Solcasino Token$SCSSolanaNoYes
USD Coin$USDCSolana; ; Near; Aptos; ; YesNo
Tether$USDTSolana; Ethereum; TRC20; BSC; PolygonYesNo
Bitcoin$BTCBitcoinYesNo
Ethereum$ETHEthereumYesNo
BNB$BNBBSCYesNo
Dogecoin$DOGEDogecoinYesNo
Ripple$XRPRippleYesYes
$AVAXAvalancheYesNo
Fantom$FTMFantomYesNo
Litecoin$LTCLitecoinYesYes
Polygon$MATICPolygonYesNo
Samoyedcoin$SAMOSolanaNoYes
Bonk$BONKSolanaNoYes
dogwifhat$WIFSolanaNoYes
Jito$JTOSolanaNoYes
Jito Staked SOL$JITOSOLSolanaNoYes
Pyth Network$PYTHSolanaNoYes
UXD Protocol$UXDSolanaNoYes
UXD Stablecoin$UXPSolanaNoYes
Slerf$SLERFSolanaNoYes
Toncoin$TONTonNoYes
EURC$EURCSolana; EthereumNoYes
$ADACardanoNoYes
Aptos$APTAptosNoYes
Sui$SUISuiNoYes
Canto$CANTOCantoNoYes
freeUSD$freeUSDNoNo

Community and Support

Being part of the Solana ecosystem, SolCasino likely engages with its community through forums, social media, and events. This helps in building trust and a loyal user base.

Reliable customer support is available to help users with any issues related to their gaming experience, account management, or transactions.

SolCasino leverages the strengths of the Solana blockchain to provide a secure, transparent, and efficient online gambling platform.

By integrating smart contracts and offering provably fair games, it ensures a trustworthy environment for players.

The use of crypto wallets enhances security and user control, while the low transaction fees and fast processing times improve the overall user experience.

Just be careful when you are gambling online, and especially with crypto since this is a very new industry. It will be cool to see how this plays out over time.

TheRiz
TheRiz
Lives a life of heavy metal, crypto, and gaming. Comment on these and you will get a response.

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