KamaGames, the largest European social mobile poker operator, has announced its entry into the Blockchain and Cryptocurrency landscape with the launch of its own KamaGames Token (KGT).
Working in a similar method to other tokens, the KamaGames Token will use existing Blockchain technology and the Ethereum cryptocurrency platform. KamaGames Tokens will be available as a collection of in-game chips sold in a bulk block at the best price possible. Over time, players will be able to exchange KamaGames Tokens for higher and higher numbers of chips.
Players will be rewarded with a maximum 11-fold growth for leaving their tokens untouched.
Andrey Kuznetsov, CEO of KamaGames, said: “We always try to offer something new and exciting to our players, and the launch of the KamaGames Token is a perfect example of this. It’s a fantastic opportunity to not only thank our players but to also show how KamaGames is passionate about embracing new technologies, in fact we are the first social casino developer ever to offer a bespoke cryptocurrency to our players.”
“The launch of the KamaGames Token will help us to attract a new, additional audience as well as rewarding our existing players. We are confident that this launch will continue to raise our profile and help maintain the tremendous momentum that we’ve had this year. 2018 is shaping up to be our strongest year to date for growth, revenue and new game releases.” The KamaGames Token has the functionality of a standard utility token and can be exchanged for in-game virtual currency (chips) only at any time using an official KamaGames player account. Players will then use their account to redeem the free chips awarded daily along with any other discounts, bonuses or services that we will make available exclusively to token holders in the future.
The KamaGames Token will deliver 11 times its original purchase value in virtual chips. This number is guaranteed, and can be purchased for either local, conventional currency or via Ethereum coin. The total value of the tokens planned for sale is estimated at $25m.