Native Gaming has launched an new site on nativegaming.io that the company says combines casino, live casino, eSports, sports betting and idle games, with a complete financial ecosystem, gamification and community of “natives.”
In addition, the company says it plans to create a land-based casino and resort on a private island in the Caribbean which will be integrated with the online platform to give their customers a complete gaming experience.
The financial ecosystem at Native Gaming is the leverages the gaming business models with a “smart-society” of “Natives” (Stakeholders) that earn passive income from Gross Gaming Revenue.
The product itself combines predominantly proprietary systems with the BetConstruct platform to deliver an offering to players with 5,000+ casino games and real-time betting lines on over 40,000 sporting events per month.
Native Gaming CEO, Justin McCool, had this to say about the product and the launch: “Native Gaming was designed to be more than just another online casino. Whether you're staying at the private island resort, gambling in the casino, or investing in the bankroll, the Native Gaming platform quickly sets itself apart.
“We believe that by decentralizing the ownership in the casino and thereby transferring the gross revenue directly to our community, we can begin to reshape the passive income investment landscape. A token that is generating passive income from gross gaming revenue has the potential to be far more lucrative than other popular passive income investments like rental properties, dividend stocks, and masternode coins.
“Our platform leverages the security and transparency of blockchain technology to provide an equal opportunity to everyone. The value proposition is the same whether you're a struggling student staking $10 or a billionaire staking $10M.”
The Native Gaming platform also provides an investment opportunity not only to the users, or “Natives”, through passive income, but also to business investors.
“Natives” do not buy equity from the company, as there is no equity owned by the company. Instead, as a new stakeholder deposits money, their funds go into the “Smart-Contract Bankroll” and new Bankroll tokens are minted. As Casino revenue is generated it is used to purchase bankroll tokens from the bankrolls and then distributed to the stakeholders.
The smart-contract bankrolls provide a dynamic price offering by scaling token price for every bankroll token bought and sold. This means that as new funds come into the bankroll, either from casino revenue or outside investment, the global price per token steadily increases.
Bankroll tokens are directly redeemable for the funds sitting in the bankroll at all times.