Winners Inc subsidiary VegasWINNERS Inc, which provides sports betting enthusiasts with content, analysis, research, data, guidance and professional advice, has announced a new loyalty rewards and cryptocurrency launch this week. It will include a points system and crypto currency redemption marketplace.
Points are earned based upon interaction on the VegasWINNERS and Krush House websites, or other websites based upon predefined actions and rewards. They can then be converted to Krush Coin, a tokenized currency using the blockchain network.
All Krush Coin users will use a wallet assigned to them by the Krush Coin Exchange. The points system will allow VegasWINNERS to monitor the interaction with its websites and set a point value for each action.
Five billion Krush Coin tokens will be minted and held in a wallet controlled by the marketplace which will create new wallets for each user. Within the wallet a user can convert their points to Krush Coin and, initially, gifts or transfers will be allowed between wallet holders within the marketplace.
CEO Wayne Allyn Root stated: “We’re excited to offer this first of its kind program. Our business is all about sports gaming analysis and advice and sports bettors are by nature high tech and also risk-takers. They’re early adopters with new ways of conducting business like crypto and we anticipate this will give us an advantage with sports betting consumers and potential business partners in this fast-growing industry.”