Gaming cryptocurrency meets online betting: Loot.bet pledges support to SkinCoin

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Newly formed cryptocurrency SkinCoin for online gaming has recently made an announcement about an alliance with online betting company Loot.bet.

Created using Ethereum blockchain, SkinCoin is an ERC20 compatible token designed exclusively for online gaming. The SkinCoin tokens (SKIN) can be used to trade game skins, which change the appearance of heroes, objects, weapons and other objects in online games such as Counter-Strike: Global Offensive (CS: GO), Dota 2 and Team Fortress 2. According to Bloomberg the turnover of game items trade at different platforms amounted to more than $7 billion last year. While, some rare skins can reach a price of $15,000 per piece.

The company plans the development of a full ecosystem for SkinCoin, represented by wallets, marketplace, exchange and its own range of product offerings. In the meantime, ICO (Initial Coin Offering) campaign which started on June 21 is almost done and attracted till this point more than 12.000 ETH, or around 3 million dollars.

Clearly, eSports betting is on the rise now. Online platform Loot.bet, which offers to its players a wide range of choice for sports and eSports betting, will accept special gaming cryptocurrency SkinCoin. As a betting platform, Loot.bet received Curacao e-gaming licence in 2016 and instantly went through a sharp growth of customers.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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