In November 2020, CasinoCoin wasn’t in a great place. Our former Technical Consultant to the original CasinoCoin Foundation Daniel Keller stepped up to take the role as the new Chief Executive Officer and lead the business forward in a new, more-focused direction, supported by Matthew Cheetham as Chief Operating Officer.
Previously, the CasinoCoin Foundation was based in Malta. Now we are established as Eminence Ltd in the Isle of Man. We wanted to highlight some of the achievements CasinoCoin has made following fresh investment from the Knox Group of Companies based on the island.
Here are some of our achievements over the past six months:
Market Cap: When the new management team stepped in, CasinoCoin had a total market value of $6,000,000. On 9th April 2021, we hit an all-time high of $147,500,000 (closing), representing a 2,358% increase in value.
Trading Volume: Not only has the overall market cap increased, the volume of daily trading activity has also increased from a peak of $520,700 in a single day under the old management, to over $3,250,000 at the time of writing.
Community Following: The number of people actively following the progress of CasinoCoin has also grown. We’ve seen a 400% increase in the number of active users in our Community Discord, our Twitter following has almost doubled and we’ve seen a rapid increase in the number of people engaged in our Telegram channel. Furthermore, there are now over 10,000 people with CasinoCoin on their active watch lists on the CoinMarketCap website.
Active Wallets: Over 5,000 new CSC wallets have been created. More people than ever are actively are holding or involved with CasinoCoin.
New Technology: We are now in the process of moving away from the old CasinoCoin Ledger (CSCL) to the world-class technology of the XRP Ledger (XRPL), supported by XUMM, the leading XRP wallet which will also handle the swap.
Casinos: In the past, CSC was positioned as being the future of gambling-related payments without any actual use case. Now, we have secured multiple casinos that will support the deposit and withdrawal of CSC and negotiations with several more are ongoing.
Exchanges: We know how difficult it has been in the past to access CSC. Recognizing this, we have entered into new agreements with several exchanges that will support the buying and selling of CSC. Our mid-term goal remains to have CSC listed on a Top 15 Exchange, with a listing on a Top 25 Exchange in the near future. Never has CSC been more accessible.
Head Office: The new CasinoCoin operations will be based out of the Hubb and we are in the process of establishing our new head office. The Hubb was a natural fit for us moving forward, being the home of blockchain and crypto-related businesses on the Isle of Man.
We know that we are still making up for problems of the past and it hasn’t been without challenges to fix some of them. We wanted to share this update to let you know: we’ve changed, we’re on a journey and we’re better than ever.
We’ll also have a number of exciting updates and milestones to share in the coming months ahead. If you are looking for information regarding the swap, you should give this a read https://casinocoin.org/swap/