RAcoin

The gambling industry is a highly prospective segment of the world economy and continues to maintain a stable growth rate. In 2017 the gross win of the global gambling market was estimated at about 465 billion U.S. dollars. Since 2001 it has more than doubled and is forecast to grow even more. Incredible achievements and prospects have provoked a huge wave of investment. The industry does not avoid innovations but there has always been a missing piece that kept it conservative. Even online gambling was only a minor breakthrough, and still lacks transparency and privacy. Blockchain technology provides everything needed to establish today’s increased level of security and fair gaming across the industry. The first step towards the new gambling era should be a unified functional cryptocurrency. RA Entertainment Inc. accepts the challenge and presents RAcoin — the utility cryptocurrency powered by Ethereum smart contracts that can fully meet all the needs of both online and offline gambling. Revolutionizing the industry starts with Palau World. Palau World is a luxurious resort complex with a wonderful casino venue set in one of the most picturesque places of the world — on a tropical island in the Pacific Ocean. Secluded beaches, mind-blowing scuba diving, exciting yachting, delicious regional cuisine, private plane rentals and more await casino guests. The commissioning of the 4 grand construction works is scheduled for late 2018 or early 2019. RA Entertainment Inc. has already been approved for the license by the local government of the Republic of Palau. So far it is the only company in the county that is legally licensed for any form of commercial gambling. This sets the Palau World complex far ahead of any competitors in this jurisdiction. In nine months, RAcoin will launch as an alternative and extremely profitable method of payment for all goods and services Palau World will provide. An advanced system of rewards and bonuses will encourage people to discover a new token and make it an essential part of the global gambling culture. Before the grand opening of the complex, RA Entertainment Inc. has already accepted a number of top European gambling and betting services for integrating RAcoin . These companies are excited about the potential of utilizing cryptocurrency within their gambling systems. Circulating along with fiat, RAcoin will allow customers to freely choose their preferred way to pay. However, due to low fees for withdrawing money — much lower than for fiat — RAcoin will be more profitable and more convenient to use. Another great privilege and opportunity of RAcoin is a jackpot participation. RA Entertainment Inc. believes that gamification techniques will motivate people to learn more about blockchain and crypto economy. Each token holder that uses RAcoin for online or offline purchasing of services and goods in Palau World Casino and Hotel can participate in the “operating” jackpot powered by smart contracts. This jackpot will be played out each time the special standalone account accumulates 100,000 RAC. Along with the iterative “operating” jackpot there will be a one-time “crowdsale prize from the “token sale” jackpot, exclusively designed for token purchasers, and will launch at the end of the public token sale