The thrill of playing casino games comes with some pitfalls. Most of the players, especially new ones, are concerned about the integrity of their banking information, quick deposit, and withdrawal. Although authentic casinos do take all precautions to prevent leaking of player’s banking and transaction information, players do suffer from a distrust on the system.
This can be done away with if the casino offers a blockchain enabled system. A Blockchain network is the ultimate network that enables every entity involved in a transaction to record and transact in a transparent way. There is no threat of loss of money or leakage of confidential information such as bank account number and other relevant info. This is what is being implemented by propesix.com, through its upcoming IEO.
The Concept
Propersix is trying to come up with the first ever Blockchain-based Casino in the world. A Blockchain-based casino will not just be more trustworthy, but also more efficient thereby helping players concentrate on the game. The company has envisioned that in this platform clients can use PRO6, a token developed by the casino itself. The casino also has a wonderful collection of games that makes gaming in this casino a wonderful pastime.
What is more intriguing about Propersix is that it is coming up with an elite group named as Prestige Club. You can become a member of ProperSix prestige network club for an annual fee and get access to all the benefits. You can have access to different types of membership cards which are linked to VISA or MasterCard. The club also has a Crypto"2"FIATTM service, which means you can exchange crypto for fiat.
However, to do all these the company needs investment and that is why it has come up with its IEO or initial exchange offering.
Initial Exchange Offering
Propersix has come up with its first IEO or initial exchange offering. You need to know what is IEO and how does it differ from ICO, before investing in the IEO.
Comparison between ICO and IEO
IEO is a new type of Blockchain-based fundraising. Technically an IEO is a kind of ICO. The difference is in issue of coins or tokens. In an IEO, tokens are offered through partnering exchanges, rather than directly like in ICO. Anybody can participate in an ICO, but to participate in an IEO, one has to be a member of a given exchange. However, there is no bar in joining an exchange.
In fact, investing in an IEO may be easier compared to investing in an ICO. You just need to follow the standard procedure to buy and store tokens from a given exchange.
Since an IEO is offered through exchanges, investments in IEOs might be little less risky compared to ICOs. This is mainly because the investor has an opportunity to sell the tokens later. In fact, in case of an ICO, coins are sold with a promise to make the tokens available in exchanges later. In some cases, tokens are never listed in exchanges. This causes value erosion for investors.
However, in case of an IEO, you trust the exchange and believe that it has done the due diligence to list the token. After all, an exchange will list a token only when it believes that the token has a future.
Benefits And Roadmap
So there are benefits in investing in an IEO, but the realisation of the benefit and its quantum depends on the roadmap of the company. In case of Propersix the roadmap seems to be quite clear and achievable. In fact, they want to launch the first ever blockchain based casino soon after the IEO is over. That will result in worlds first blockchain based casino where you can invest in crypto as well as fiat currency. That certainly is going to accrue lots of benefits to investors.
