VR Casino OKO – New VR Technology’s Project

March 26, 2018

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VR Technology, OKOIN’s founder, is launching a new project that is based on the same token and it is called VR Casino OKO.

This is the third blockchain project of tokenomics that is based on OKOIN tokens. The other two platforms developed are known as VR Platform OKO (a platform that distributes interactive VR adult movies), and OKO Pay (a payment system for VR Technology partners).

It is important to mark that the three projects are not interchangeable. Each of them is independent of the others and have their own exclusive features. They work side by side, allowing the company to reach a bigger audience and increase the value, stability, and liquidity of the OKOIN token.

VR Casino OKO Project

VR Casino OKO is a totally different project. It combines the atmosphere of the game in real casinos with the availability of online gambling and transparency for the blockchain, something that nowadays is present in many new developments.

The interesting feature of the project is that it is based on the VR OKO helmet. Its sales have exceeded 70,000 units, a number that is expected to grow in the future. At the same time, VR Technology is planning to make the system available for other VR-devices like Oculus Rift, HTC Vive, and many others.

As of today, more than 40 countries do not allow casinos to operate. That’s why the online casino industry is trying to take this free niche around the world. According to Newzoo, a recognized analytical company, the gross profit of online casinos stably increases by 8-10% per year and it was worth more than 43.7 billion euros in 2017.

Online casinos have their shortcomings. The main of these is that the win or loss is determined by a computer program algorithm which has a questionable transparency. Moreover, the monitor screen and software interface cannot convey the atmosphere and glow of the passions of the gambling establishment.

VR Casinos are a good solution to partially solve the problem of visualization. However, users still experience virtual reality computer rendering in the helmet and the winning of bets is still determined by a computer program.

Here it is the interesting part about VR Casino OKO. The main differences between VR Casino OKO and other projects using the VR helmet, is that users see a live broadcast from the VR cameras installed in the casino. Cameras have a 180 degrees viewing angle and show the table, the croupier and everything that happens in real time.

Additionally, the user of the VR Casino OKO can place bets in real time. OKOIN tokens are used as casino chips. Smart contracts make the game as transparent and as fair as possible. For more details about the OKO VR casino, you may check their whitepaper

The ICO project will be held in parallel with the ICO project OKOIN: starting on March 25 to April 25 (the tokens in both projects are the same). The affiliate program, the bounty program, and the played tickets for the private party OKO Stars are equally relevant.