KuCoin AMA With Casino Betting Coin — Bringing Together the Best of Gaming, NFTs and DeFi
Dear KuCoin Users,
Time: April 30, 2021, 11:00-12:30 (UTC)
Own a piece of the action with Casino Betting Coin. CBC is changing the game by bringing together the best of gaming, NFTs and DeFi with its recently announced CBC.network. CBC.network will include pioneering new games, including FullHouse.io, the world’s first NFT-based poker card game. CBC can already be used to play in no-loss lottery, and at the world’s leading social casino, GameTwist.com. Backed by a team of crypto and gaming industry experts, CBC’s biggest hodler is Greentube Novomatic, a multi-billion dollar casino group.
Official Website: https://casinobettingcoin.com
Ed Brennan — President of Casino Betting Coin
A proven executive and leader with more than 25 years of experience across online, software, hardware and financial services, Ed has worked with Fortune 500 companies and some of the biggest names in tech, including Microsoft and Adobe. He has participated in more than 200 corporate development deals and successfully raised over $400 million.
Q&A from KuCoin
Ed: Hi guys, Ed here. I’m the President of Casino Betting Coin, and it is great to be here today with all you KuCoiners.
A quick bit of background for you all. Casino Betting Coin started life as Cashbet Coin in 2018, before we rebranded last year. We let hodlers own a piece of the action in the lucrative, multi-billion dollar gaming industry.
Just yesterday, we announced CBC.network, a game-changing new ecosystem which brings together the best of NFTs, DeFi and gaming.
I’m excited to take your questions today!
Q: Could you tell us some more about CBC.network?
CBC.network is a new concept we’ve been working on for the past few months. It is a blockchain gaming ecosystem which combines some of the hottest trends in crypto right now: NFTs, DeFi and games. The whole ecosystem is powered by CBC, so holders of the coin enjoy exclusive access and benefits.
Our first major launch on CBC.network will be a first-of-its-kind NFT-based poker card game called FullHouse.io. We’ll be dropping some beautifully designed NFT cards shortly, and soon you will be able to use these cards to play against other collectors in the hands of NFT poker. Hit the winning hand, and you’ll be rewarded with big CBC jackpots.
Q: Why the switch of focus to CBC.network?
Ed: We see CBC.network as an ideal brand to bring together the worlds of gaming, DeFi and NFTs.
While Casino Betting Coin reflected our heritage as a gambling-focused cryptocurrency, we see a bigger opportunity to employ our team’s experience in the gaming and crypto spaces to create innovative new products at the intersection of cutting-edge technology.
FullHouse.io, our NFT-based poker game, is just the beginning of this, but we see the opportunity to create all sorts of innovative games, from DeFi casino concepts through to simple NFT card games aimed at the mass market. And all of this is powered by CBC.
Q: You recently bridged over to Binance Smart Chain. What was the thinking behind that?
Ed: CBC is originally an ERC-20 coin, but we see CBC.network as a multi-chain ecosystem, and interoperability across chains is an important part of this.
We picked Binance as the first of these new chains because it offers fast transactions and low fees which are essential to create great gaming experiences. We’ve partnered with Anyswap.exchange to provide a simple bridge from ERC-20 CBC to BEP-20 CBC and back.
So far, more than 300,000 CBC has already been bridged over, and we expect to see a lot more as we add utility on Binance Smart Chain.
Q: How do CBC’s famous ‘no-loss lotteries’ work?
Ed: We see a great opportunity at the intersection of gaming, DeFi and NFTs, and that’s really the origin of our no-loss lottery.
It sounds almost too good to be true: enter a lottery with the chance of winning a big jackpot, but you don’t even have to pay the price of a ticket. Instead, this is really a staking mechanism.
We’ve partnered with PoolTogether, who provide the platform. Simply stake your CBC and you will be automatically entered into a weekly lottery, where you have the chance of winning big CBC prizes.
Almost 1 million CBC has already been staked, and next week’s draw is giving away more than 15,000 CBC.
You can find out more about it here:
Q: One of CBC’s biggest hodlers is Greentube Novomatic. Could you tell us about them?
Greentube is the online division of Novomatic, one of the largest casino companies in the world.
To give you an idea of Novomatic’s scale, the company employs more than 21,000 people, has subsidiaries in 45 countries, and generated around 1.7 billion euros in revenue last year.
They are a huge, pioneering company that is taking blockchain seriously, and became the largest CBC hodler last year. We are privileged to have their support.
Q: Where can I use CBC today?
Ed: We are heavily focused on utility, and we currently have two great use cases for CBC which are already live and being used by large numbers of customers.
The first is our no-loss lottery we’ve already discussed.
The second is our integration with GameTwist.com, one of the world’s biggest social casinos.
GameTwist has millions of active monthly users, and these users can buy the GameTwist currency (Twists) using CBC. We’ve worked hard to create a really seamless flow which includes a fiat on-ramp, so even customers who are not familiar with crypto can easily enjoy the benefits of CBC.
Q: Can you tell us more about FullHouse.io?
Ed: FullHouse.io will be a first-of-its-kind NFT-based poker game.
Players collect NFT playing cards, and then use them to play against each other to form the best poker hand. The winning hand will be rewarded with big CBC prizes.
It is a modern take on a classic game, and we are really excited to launch it this summer. The game will take place on Binance Smart Chain, so transactions will be fast and cheap.
Q: How can I get my hands on CBC.network NFTs?
Ed: Keep posted on our social channels for information on how to grab our beautifully designed playing card NFTs — we will have news very shortly on this.
We will be airdropping the first edition of these cards soon.
We can’t give too much away at this stage, but let’s just say that we will be putting our community first, and CBC hodlers will be rewarded for their loyalty to the project.
And as a special treat for KuCoiners, I’m going to share a sneak peak of one of our beautifully designed playing cards.
Join us on Telegram to see more, and find out how you can be a part of the drop in the coming weeks: https://t.me/casinobettingcoin
Q: Why should we hodl CBC and where can we buy it?
Ed: You can of course buy CBC right here on KuCoin.
CBC is available in the KuCoin Spot market with the following trading pairs:
We are also on a few other exchanges, including Uniswap. Here’s our ERC-20 contract: https://etherscan.io/token/0x26db5439f651caf491a87d48799da81f191bdb6b
Now we are interoperable, you can also trade CBC on Binance Smart Chain. Here’s our BEP-20 contract: https://bscscan.com/token/0x818ec0a7fe18ff94269904fced6ae3dae6d6dc0b, so you can find us on PancakeSwap.
You can also seamlessly bridge between ERC-20 CBC and BEP-20 CBC using Anyswap: https://anyswap.exchange/bridge
We already have and will continue to build out genuine utility for the token. We have a history of delivering upon this commitment, as with GameTwist.com and our no-loss lottery.
We are backed by a multi-billion dollar casino giant in the form of Novomatic.
Now that we are live on Binance Smart Chain, we can move faster than ever before and really deliver upon our vision to bring blockchain gaming to millions.
Q: What’s next for CBC and CBC.network?
Ed: Now that we have bridged over to Binance Smart Chain, we have the possibility to create utility in a way that simply isn’t possible on Ethereum at the moment with gas fees.
We are interoperable with USDT, tradable on Uniswap, and this opens a lot of doors for us.
In the immediate future, look out for NFT drops, airdrops, more from our no-loss lottery, and of course the launch of FullHouse.io this summer.
In the meantime, keep up with the latest from our team over on our Telegram group: https://t.me/casinobettingcoin
Free-Ask from KuCoin Community
Q: What do you think of other projects with NFT concepts, such as Enjin, Decentraland, and Cocos? Does CBC.network currently have plans to cooperate with other NFT projects?
Ed: We have been watching the NFT boom closely. We see interesting opportunities where truly collectible NFTs combine with genuine utility. That's the thinking behind FullHouse.io. Our beautifully designed playing card NFTs will have high collectible value, but the fact we are creating a game they can also be used in is what will set these apart from many other NFTs. Beyond FullHouse.io, we envisage a full ecosystem of games where our NFTs can be used. We do have the ability to interact with other NFT platforms. There can also be future partnerships with off-chain brands that we will help move on-chain. CBC is perfect for gaming. It is financially advantaged over other options.
The NFT market is hot right now and there are lots of opportunities for future partnerships, but we firmly believe after all the excitement, the market will grow and continue to be a new viable way to publish and track digital assets.
Q: Do you have any plans to attract non-crypto investors to your project? Because it is the success of a project to get more investors who are still not in the crypto world. What are the plans to increase awareness around your non-crypto space?
Ed: Our biggest hodler is a company called Greentube Novomatic. Novomatic is one of the biggest casino companies in the world; it generated around 1.7 billion euros in revenue last year alone. This puts us at a huge advantage compared with other coins, as it means we have access to a mainstream audience. At the end of the day, crypto will only continue to grow if we can achieve mass adoption, and that's our focus.
Q: How many entries will we get in the lottery by depositing CBC with PoolTogether? Will the amount invested increase our chances of joining the lottery?
What are the long-term advantages we will gain by holding CBC? Can we stake with CBC? What are your staking rates?
Ed: When you stake CBC in our PoolTogether no-loss lottery, you get a virtual lottery ticket for each CBC you stake. This means the more you stake, the bigger chance you have to win. This week, our jackpot is split between eight winners, so there's never been a better chance to grab some extra CBC. At the moment, around 15,000 CBC is given away each week, but we expect this number to grow over time. You can find more details here:
Q: What do you think is the biggest challenge when it comes to competing against Ethereum? Is the technology of CBC still world-class?
Ed: We don't see ourselves competing against Ethereum. We are focused on making CBC interoperable. You can already use CBC on Ethereum and Binance Smart Chain. Each has their advantages and passionate communities, but we don't want to limit CBC. Right now, high gas fees do limit the types of gaming products we can operate on Ethereum. But by bridging CBC over to Binance Smart Chain, we will be able to deliver great games — such as FullHouse.io - which run quickly and are not prohibited by fees.
Q: What might demand for Casino Betting Coin look like in the future under the model you’ve just described?
Ed: We have a vision for an interoperable ecosystem under the CBC.network brand, which is unlimited by choice of blockchain and brings together the very best from gaming, DeFi and NFTs. Our no-loss lottery, GameTwist.com, playing card NFTs and FullHouse.io are really only the start of this. We are combining three multi-billion dollar industries here, and so you don't need me to spell out the upside. We are proud of the work we've done so far, but we are only just getting started!
BTC is digital gold, ETH is digital oil, and CBC is a digital poker chip. They all have very different intended uses.
Demand for CBC will continue to grow as the use cases increase. The math is very simple.
Q: Why should we select CBC for gaming purpose?
Ed: BTC is digital gold. ETH is digital oil. CBC is a digital gaming and poker chip. As we roll out new games and concepts, demand for CBC continues to grow. On top of this, we are also in discussions to bring well-known consumer brands onto the blockchain for the first time. This is what we mean we talk about mass adoption.
Q: What is the long-term view of the project and is it trading with intrinsic value?
Ed: We see intrinsic value in the utility we are bringing to CBC. As I mentioned before, CBC is quickly becoming a global, interoperable gaming chip. In the same way you can use the same chip in several casinos on the Las Vegas Strip, you can use CBC to play different types of games on different blockchains. We've already started with our no-loss lottery and GameTwist.com. But the launch of CBC.network is going to supercharge this over the coming weeks.
Q: What is your motto in Casino Betting Coin?
Ed: Our motto is: "Own a piece of the action". Everyone knows that the house always wins. It is the reason Las Vegas grew from a small town in the desert to what it is today. By hodling CBC, you get a unique opportunity to 'be the house', and own a piece of this action.
Q: You have become a partner with the world’s leading social casino Greentube. Do you have another partner? What attracted Greentube to use the coins of your project because many coins were created for this industry? What special conditions do you offer for the casino?
Ed: Greentube sees the future the same way we do: CBC is going to become a major currency in gaming and beyond. We are really just getting started.
We are building a whole new ecosystem, and we are in partnership with many on- and off-chain companies. We will provide more details in the coming weeks on this.
Q: Do you think CBC is a good one for us? Who is interested in long-term investment?
Ed: I would rather own CBC than USD right now. CBC has a fixed supply and no-one can ever create any more of it. When you look at the US dollar, that's just not the case, and inflation is a genuine concern for many people at the moment. On top of this, we are adding utility to the coin with a growing list of on-chain and off-chain partners, and creating one of the most exciting ecosystems on the blockchain.
Q: Is there anything else you would like to share or you want us to know?
Ed: Stay tuned for more updates! We have a lot of new opportunities in the works.
Thanks everyone. It has been a real pleasure speaking to you today about CBC and CBC.network.
All of Team CBC is working hard to create a game-changing cryptocurrency. We are so excited about the possibilities for the future of this project. We live and breathe gaming, DeFi, and NFTs and we're the only team building cutting-edge products which combine all three. We look forward to welcoming more KuCoiners into our community!
If you have more questions, please join us over on our Telegram group: https://t.me/casinobettingcoin
You can find out more about our project at: www.casinobettingcoin.com
KuCoin and Casino Betting Coin have prepared a total of 34,000 CBC to give away to AMA participants.
1. Red envelope giveaways: 14,500 CBC
2. Free-ask section: 750 CBC
3. Post-AMA activity: 18,750 CBC
Activity 1 — Quiz: 12,500 CBC
Activity 2 — Price Guess: 6,250 CBC
. . .
If you haven’t got a KuCoin account yet, you can sign up here!