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Alive Casino Offers VR Online Gambling Experience on Blockchain, Launches Exclusive Private Sale

alive casino As an incentive to those contributing towards its mission, Alive Casino will have a profit distribution process in place, where 40% of the profits will be shared with token holders. To receive payouts, token holders must store ALs in Alive Hold Wallet. The platform will maintain the demand for AL in the market by burning 5% 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.

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Former US Senator Pens Op-Ed Calling for Halt to Online Gambling

Blanche Lincoln online gambling According to Blanche Lincoln, a former Democratic US Senator from Arkansas and counsel to Sheldon Adelson’s anti-online gambling group in Washington DC, easy access to online gambling is to blame.  Former US Sen. Blanche Lincoln (Arkansas) is doing Sheldon Adelson’s dirty work, penning an op-ed in the Financial Times on the dangers of online gambling. (Image: Lincoln, who served in Congress from 1999-2011, penned an op-ed in Sunday’s Financial Times asserting that current federal laws deprive “minors and addicts of protection from the industry’s predatory practices.” She wrote that she is “tremendously concerned about the rise of online gambling” in the US, particularly after the Supreme Court’s recent ruling to lift the federal ban on sports betting , and relied on arguments that accessibility for minors and problem gamblers is reason to revisit a 2011 Department of Justice opinion that effectively gave the green light to states to legalize intrastate online gaming.  “That decision not only defied decades of legal precedent and circumvented Congress,” Lincoln wrote in her op-ed, “it deprived minors and addicts of protection from the industry’s predatory practices.”  Her contention is that not only are online casinos bad for some people, but also that their advertising and marketing is predatory in nature, luring the most vulnerable children and gambling addicts into a lifetime of financial ruin and misery, or so she implies. Earlier this year, internet gambling sites in New Jersey, one of three states with active legal online poker games, were caught advertising on websites that target kids and addicts.  The former congresswoman used this as one of her examples for how the online gaming industry preys on children and degens, but doesn’t mention laws in place, such as a 21-year-old minimum gambling age, that already address predatory practices, the effectiveness of responsible gambling initiatives (1-800-BETS-OFF, anyone?), or how technology can help identify both problem and underage gamblers.  Minors can’t gamble on regulated sites without assistance from an adult, and self-exclusion bans that can’t legally be lifted until the exclusionary period concludes are available at every internet gambling site. These measures are in place to prevent minors and addicted gamblers from making irresponsible decisions.

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