SCS Solcasino

Solcasino Use Cases

• Gaming: Solcasino offers a variety of games such as blackjack, poker, slots, and roulette, allowing users to gamble directly from their web3 wallets.
• Sportsbook: The platform includes a full sportsbook for players to bet on various sports events.
• Crypto Futures Trading: Solcasino provides crypto futures trading with up to 1000x leverage on coins like Bitcoin, Ethereum, Solana, Matic, and BNB.
• NFT Utilities: Users can earn a share of profits from the platform by holding and staking Solcasino NFTs, which also offer additional benefits such as rakeback bonuses, VIP leveling systems, and NFT lotteries.
• Multichain Support: Solcasino supports multiple blockchain networks including Solana, BTC, ETC, BNB, MATIC, APTOS, CANTO, and FTM, allowing users to connect with various crypto wallets like Phantom, Metamask, Solflare, WalletConnect, Pontem, and Martian.

Pros of Solcasino

• Diverse Cryptocurrency Support: Solcasino accepts a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, making it versatile for users with different crypto holdings.
• Mobile-Friendly Design: The website is designed to be mobile-friendly, ensuring a smooth gaming experience on various devices.
• Live Dealer Games: Solcasino offers live dealer games, providing an immersive and interactive gaming experience.
• Classic Table and Jackpot Games: The platform offers a variety of classic table and jackpot games, catering to different gaming preferences.
• 24/7 Live Chat Support: Solcasino provides live chat support available 24/7, ensuring that users can get assistance at any time.
• Multichain Support: Solcasino supports multiple blockchain networks, including Solana, Bitcoin, Ethereum, and more, enhancing its accessibility.

Cons of Solcasino

• Limited Video Poker Games: Solcasino has a limited selection of video poker games, which might be a drawback for users who prefer this type of game.
• Fewer Payment Methods: While Solcasino accepts various cryptocurrencies, it has fewer traditional payment methods compared to other online casinos.
• Withdrawal Limitations: The withdrawal methods are less diverse than the deposit methods, which might cause inconvenience for some users.

Founders of Solcasino

The founder of Solcasino is 0xTG3, who serves as the CEO of the project. There is no additional information provided on other founders.

Key Points

• CEO: 0xTG3
• Project: Solcasino
• Source: Interview with 0xTG3 on YouTube

Investors in Solcasino

Solcasino itself does not list specific investors in its documentation. However, it is built on the Solana blockchain, which has received funding from various investors. Here are some key funding rounds for Solana:

• Initial Coin Offering (ICO): $314,150,000 in June 2021.
• Series A Round: $20,000,000 in July 2019.
• Seed Round: January 2018.
• Venture Round: $1,800,000 in March 2020.
• Private Rounds:
  • Private 1 Round: $12,600,000 at $0.2 per token.
  • Private 2 Round: $5,700,000 at $0.225 per token.
  • Strategic Round: $2,290,000 at $0.25 per token.
  • Public Round: $1,760,000 at $0.22 per token.

These investments are in Solana, the blockchain on which Solcasino operates, not directly in Solcasino. Solcasino's specific investors are not publicly listed in the provided sources.

Is Solcasino Halal?

No, the question does not pertain to Solcasino but rather to Solana (SOL). However, based on the information provided about Solana:

Shariah Compliance

• Legitimacy: Solana has an underlying fundamental value, considered as “Mal” under Islamic rulings, giving it legitimacy in terms of Shariah.
• Alignment with Islamic Values: Solana aligns with Islamic values as it facilitates the creation of Decentralized Applications (DApps) and aims to increase scalability through proof of history (PoH) and proof of stake (PoS) consensus mechanisms, which are not against Islamic principles.
• Financial Screening: Since SOL is not backed by any equity, it does not require financial screening for debt to income ratio, making it compliant.
• Token Use: SOL token is used for payments and staking, which are permissible under Shariah.

Conclusion

Yes, Solana (SOL) is considered halal based on its legitimacy, alignment with Islamic values, and permissible use cases.