CoinGames has launched its decentralized gambling platform, which leverages blockchain and smart contract technology. The CoinGames web3 casino allows for instant withdrawals, access to daily promotions, 24/7 live support, and 10,000+ offered games.
CoinGames says it addresses “the largest challenge” in the online gambling industry: conversion rates. By operating as a Web3 casino, it eliminates the need for users to deposit funds upfront, says the platform.
Instead, all gaming transactions are facilitated through smart contracts, streamlining the process and enhancing accessibility. This approach has yielded notable results, notes CoinGames, with a reported 380% improvement in conversion rates and a 200% increase in customer Lifetime Value (LTV).
“Users enjoy shorter wait times for registration and deposit without the need for third parties that complicate and slow down processes at every turn,” the company stated. “Players maintain full autonomy over their funds with no restrictions on when or how much they can withdraw using their non-custodial wallets.”
All transactions are recorded on the CoinGames framework built upon the Binance Chain, Polygon Chain, and soon on Solana and Ethereum. The implementation of these decentralized technologies and frameworks contributes to a user experience that is “both fully secure and streamlined.”
Edoardo Narduzzi, President of CoinGames, said: “Launching CoinGames as the world’s first fully decentralized gambling platform marks a pivotal moment not just for us, but for the entire online gaming ecosystem. By integrating blockchain and smart contract technology, we are setting a new industry standard for transparency and user control.”
“This is the future of gaming, secure, user-focused, and boundlessly exciting. We’re proud to lead this charge and invite players to experience the difference at CoinGames, where innovation meets entertainment.”
CoinGames, boasting a user base of 20,000 individuals, harbors ambitions to expand its reach to one million users by the end of the year. The platform operates under a specialized gambling license, which it says ensures compliance with regulatory standards and bolsters user trust and security.
Additionally, CoinGames is set to introduce its native token, the CoinGames Token, through private investor rounds followed by pre-sale and public sale phases.