We’re all too familiar with the recent GambleFi boom. Crypto is the perfect playground for casinos. Both users and the market have proved as such. Many protocols have come and few have remained as solidified leaders in the space. How can a new project set themselves apart? By being a fully licensed casino before even coming to market. Today we highlight Caacon, an upcoming casino with a twist.
$CC and Jackpots
As Caacon is leading up to their full product launch, they launched their token $CC. In anticipation of the full online casino with Telegram integrations, a Jackpot feature is integrated to the $CC token.
$CC has a 5% buy/sell tax attached to each transaction. 3% of every buy and sell transaction is automatically deposited into the Jackpot wallet, until a winning buy triggers the jackpot. When this happens, half of the Jackpot wallet is paid out to the lucky winner, while the remaining half continues to build up for the next round. This system ensures the game's sustainability and reliability.
To be eligible for the jackpot, a minimum buy of $100 worth of $CC is needed. The higher the buy, the more likely you are to win. For instance, a purchase worth $100 to $200 gives a player a one percent (1%) chance of winning, while a purchase worth $200 to $300 increases their chance to two percent (2%). The maximum chance of winning, which stands at ten percent (10%), is available to players who make a purchase of at least $1,000. Users are made aware instantly after their purchase if they won or not. Being that it’s randomly decided, it’s anyone's game.
To date Caacon Jackpot has paid out over 135 ETH in rewards to lucky winners.
Full Casino Launch
While the jackpot is a fun feature and has been great to users, it’s merely a bonus feature while we wait for their full casino launch.
Their license acquisition from the BVI signals their launch is getting closer. Their Slotegrator partnership is a great sign as they are working with some of the best in the industry to integrate top games to their platform.
As for some alpha on their release, Telegram casino and web casino backend functions are done. The casino will have both crypto AND fiat payment rails. Frontend devs are hard at work and here we can see a sneak peak, still a work in progress.
Conclusion
Caacon is certainly a project to keep a close eye on. Its early development is shaping out to be very similar to that of Rollbit. Rev share to the $CC token from casino earnings has been discussed. As GambleFi continues to attract users, Caacon may be positioned to launch at the perfect time. As always DYOR/NFA/Ape Responsibly!
Article posted @September 7, 2023
