March 29th, 2018 at 11:49 am UTC · 3 min read
The inline casino industry needs a real VR Casino project that would be able to tackle the main deficiencies that it faces. Online casinos use a specific algorithm that determines the win or loss while betting, and the transparency of these systems is totally questionable.
Another important issue that online casinos face is the lack of a software interface that would create a great atmosphere for the players. The passion that casino players feel when they bet, sometimes cannot be imitated by online casinos.
VR Casino OKO is one of the most interesting projects that aims to challenge these two deficiencies. VR Technology is the company that is behind this project and the founder of the OKOIN.
The other two projects conducted by VR Technology are VR Platform OKO and OKO Pay. The first is a platform that distributes interactive VR adult movies, while the second one is the payment system for VR Technology partners that accept OKOIN tokens.
VR Casino OKO is a project that combines two of the most important things that casino players want. It creates an atmosphere similar to the game in real casinos, with the possibility of online gambling but with the transparency of blockchain technology.
The project has been designed for the VR OKO helmet which have been incredibly successful selling over 70,000 unites. At the same time, VR Technology is going to make the system available for other VR devices like Oculus Rift or HTC Vive.
As Casinos are forbidden in many countries all over the world, there is an important niche that online casinos are trying to take. According to Newzoo, the gross profit of online casinos is increasing between 8% and 10% per year! In 2017, the industry moved more than $43 billion Euros and the numbers keep growing.
While some VR Casinos are able to offer a better user experience, they do not completely solve the visualization problem. The user still experiences virtual reality computer rendering in the helmet. Furthermore, the winning of bets is still determined by a computer program.
Here is where VR Casino OKO distinguishes itself from other VR Casinos. With VR Casino OKO, users will be using the VR helmet which will display a live broadcast from the VR cameras that are installed at the casino. As the cameras have 180 degrees viewing angle, they are able to show the table, the croupier and everything inside. More details about the technology can be found in their whitepaper
Finally, in addition of the effect of presence, the customers of VR Casino OKO have the possibility to place bets in real time. The OKOIN will place an important role because it will be used as casino chips. Smart Contracts will complete the experience by adding transparency to the game.
The ICO will be held in parallel with the ICO project OKOIN between March the 25th to April the 25th. Accordingly, the affiliate program, the bounty program and the played tickets for the private party OKO Stars are equally relevant.
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