Midas Lists GoldenFever (GFR) - Casino Powered By Smart Contracts

By HM - MN.Investments content producer, Midas.Investments


Midas announces the listing of GoldenFever (GFR) to the Midas platform as an Instant Share. Invest today to receive instant rewards.

What is GoldenFever and what does it offer?

You have been familiar with blockchain technology in the implementation of Bitcoin as a currency, and then blockchain as a platform with Ethereum and its associated smart contracts. All of them is built around the idea of decentralization - meaning a system with minimal number of points of failure and least likely to be affected by third parties with malicious intent. The smart contract that you might have heard around is basically just another software application, sometimes called a distributed apps or “dapps” in some other places.

Think of Windows or Linux operating systems. They are the platform on which to run various applications. For blockchain, the Ethereum network of nodes serves as the backbone which smart contracts or dapps depend on to function properly. Same concept but different implementation and different benefits as well as disadvantages. Ethereum is not the only player these days as there are other competing projects such as Waves, EOS or Tron networks.

GoldenFever project attempts to run an online casino for all of these smart contracts on the market with a focus on gaming/lottery applications. It will develop its own games on the platform and welcome dapps from other developers. Why not just build a website/webapp on a Windows or Linux server? Because, by taking advantage of existing smart contract features from projects like Ethereum or Waves, GoldenFever also benefits from the decentralization nature of blockchain technology and not limited by any geographic or technical reasons.

The project will implement many lottery games with fairness and economic profitability in mind. Some will be organized via Discord bots to make participation and sponsorship with other Discord communities as easy as possible. Rewards will be paid in Bitcoin, altcoins or physical items/gadgets. The roadmap mentions a LOTO platform with smart-contract-based games, mini games and special LOTO for GFR masternode holders. Expect more details to come in the next few months.

GoldenFever creates its own cryptocurrency to be used as payment for lotteries and other services on its platform. The coin is powered by the proof-of-stake consensus algorithm and a network of masternodes. 30% of the profit from the platform will be used for price support. Other promotional activities and listing on masternode tracking services are also underway.  Needless to say, the value of GFR coins will be highly dependent on the quality of lotteries and games on GoldenFever.

Team

Semenov Konstantine, CEO, LinkedIn

Vladis Tsvetkov, Financial Director, LinkedIn

Vladimir, Founder/Gambling expert

Iakov Levin, Advisor (aka Trevor, CEO of Midas), LinkedIn

Where can I purchase GFR?

Presale: no presale. Coins are available to purchase directly on exchange
Exchange: Midex

Coin Specs

Total supply: 10,000,000
Premine: 100,000
Consensus algorithm: MN/quark/proof-of-stake
Masternode collateral: 1000
Block time: 60 seconds
Block reward: variable rewards with MN/PoS split at 80/20

Can I get more information about GFR?

Website
Whitepaper - not released yet
Block explorer
Github
Bitcointalk
Discord
Telegram
Twitter
Youtube

Why have Midas offered GFR to our community?

Midas have identified 2019 as the year of utility - projects can no longer exist solely by offering high masternode rewards to investors. We are taking large strides to be at the forefront of the shared masternode space, listing only projects we have identified as having strong fundamentals, potential for long term success and plausible application in real-world use cases in sectors that blockchain is poised to disrupt.

Do you want to become a Midas partner?

Midas is looking for great projects to join us on our journey. Get in contact with the team via Discord for more details, and visit midas.investments for information on our project, team and road map.