Native Gaming seeks to break the mould with a decentralized private island resort & online casino
Native Gaming has just launched an innovative new site on nativegaming.io that combines Casino, Live Casino, eSports, Sports Betting, Idle Games, with a complete financial ecosystem, gamification and community of “Natives” in a way that has never been seen before in the iGaming industry. Not only this but there are also plans to create a land-based casino and resort on a private island in the Caribbean which will seamlessly be integrated with the online platform to give their customers a complete gaming experience.
The financial ecosystem atNative Gaming is the first-of-its-kindand leverages the gaming business models with a Smart-Society of “Natives” (Stakeholders) that earn passive income from Gross Gaming Revenue.
The product itself combines predominantly proprietary systems with the BetConstruct platform to deliver a new, unique offering to players with 5,000+ casino games and real-time betting lines on over 40,000 sporting events per month.
Native Gaming CEO, Justin McCool, had this to say about the product and the launch: “Native Gaming was designed to be more than just another online casino. Whether you’re staying at the private island resort, gambling in the casino, or investing in the bankroll, the Native Gaming platform quickly sets itself apart.
We believe that by decentralizing the ownership in the casino and thereby transferring the gross revenue directly to our community, we can begin to reshape the passive income investment landscape. A token that is generating passive income from gross gaming revenue has the potential to be far more lucrative than other popular passive income investments like rental properties, dividend stocks, and masternode coins. Our platform leverages the security and transparency of blockchain technology to provide an equal opportunity to everyone. The value proposition is the same whether you’re a struggling student staking $10 or a billionaire staking $10M.”
Interestingly, the Native Gaming platform also provides an investment opportunity not only to the users, or “Natives”, through passive income, but also to business investors. However, this is not your typical investment where you would have a company selling their stock in funding rounds to raise capital or as a means of realizing profits for existing shareholders.
Native Gaming “Investors” would more accurately be called stakeholders since they are not buying equity from the company (as there is NO equity owned by the company). As a new stakeholder deposits $10 or $10M their funds go into the Smart-Contract Bankroll and new Bankroll tokens are minted by the Smart-Contract. As Casino revenue is generated it is used to purchase bankroll tokens from the smart-contract bankrolls and then distributed to the stakeholders. The intuitive smart-contract bankrolls provide a dynamic price offering by scaling token price for every bankroll token bought and sold. This means that as new funds come into the bankroll, either from casino revenue or outside investment, the global price per token is steadily increasing.Bankroll tokens are directly redeemable for the funds sitting in the bankroll at all times making it a very liquid form of investment and as gross revenue is distributed in real time to the stakeholders in the casino, it means that all business overhead costs have absolutely no impact on stakeholders.