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Alive Entertainment Company, a Cost Rica-based gaming developer, have launched a new casino platform that combines virtual reality and blockchain technologies. What is special on the platform is that users have an opportunity to play games on a land-based casino and experience the full features of virtual reality and a 360-degree view of games. The company has also started exclusive private sale its token. It plans to sell 15 per cent of its AL tokens to raise the funds for development of the platform. The AL tokens have their value set at $0.015 per unit, which can be purchased against payment in ETH.
While Alive Casino has not set a minimum limit for token purchase, there is a maximum cap of 75 ETH in place for each buyer. In addition, the token sale participants contributing 1 ETH or more also stand to receive a 15 per cent bonus along with a chance to win HTC VIVE VR headset.
The Project
The Alive Casino project is based on the principles of “keeping things alive.” It intends to create a living, thriving and secure gaming alternative for gambling enthusiasts. Having set a clear vision, the platform, empowered by a highly capable team is working on implementing them in a step-by-step process. Divided into short-term and long-term vision, Alive will be focusing on the following
In the short-term:
Creating strategic partnerships that can help implement a global gaming environment, complete with games, analytics, customer support, etc.
Community building by onboarding like-minded gamers, crypto-experts and enthusiasts.
Constant research and development to introduce new features and further improve existing offerings.
Creating its own VR game titles
Token
The AL token is based on ERC20 standards, and it acts as a utility token fuelling the platform’s economy as well as the blockchain functions. As more people join Alive Casino, the use of AL is set to rise, creating demand and increased liquidity. As an incentive to those contributing towards its mission, Alive Casino will have a profit distribution process in place, where 40 per cent of the profits will be shared with token holders. To receive pay-outs, token holders must store ALs in Alive Hold Wallet.
The platform will maintain the demand for AL in the market by burning 5 per cent of the token revenues every three months.
Those interested in possession of AL tokens can do so by participating the in the ongoing token sale process. In order to ensure global participation, the platform has made the whole process easier. Participants can directly send ETH from their wallets to the smart contract. The sale is also open for US residents, and the address used to send ETH will be considered for the selection of HTC VIVE VR headset winners during the private sale, which will be decided based on a random draw once 75 ETH is raised during the exclusive private sale.
Transferring funds to the platform has been made possible through Alive multi wallet system. The wallets will be personal, as per user’s preferences and more secure since everything will be done on the blockchain. The multi wallet system will also come in handy in helping users store both fiat and multiple cryptocurrencies. It will also protect the users from any untoward circumstances which might affect the platform itself as they will have their balances saved within their own wallet and not on the platform.
Source: NewsBTC
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