RATE Group | KamaGames will sell cryptocurrency tokens for social casino games
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KamaGames will sell cryptocurrency tokens for social casino games

13 Aug KamaGames will sell cryptocurrency tokens for social casino games

Posted at 15:22h in Cryptocurrency News by

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KamaGames, a big European operator of social casino games, said it is moving into blockchain and cryptocurrency with the launch of its own KamaGames Token.

The whole idea is to make it easier for the company’s more than 100 million players to purchase in-game currency for the social casino games, said Andrey Kuznetsov, CEO of KamaGames, in an interview with GamesBeat.

The KamaGames Token will use existing blockchain technology and the Ethereum cryptocurrency platform. KamaGames plans to sell $25 million worth of tokens.

KamaGames Tokens will be available as a collection of in-game chips sold in a bulk block at the best price possible. These chips will then grow in value every day. Players will be rewarded for leaving their tokens untouched, with an expected 11-fold growth if they do so.

However, Kuznetsov made it clear this is not an investment cryptocurrency. KamaGames Tokens cannot be cashed out for anything except in-game currency. Hence, the launch can be classified…

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