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Sheesha Finance and Royale Finance Partner to Leverage Premier DeFi Staking Mechanism

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The partnership utilizes Sheesha’s Mutual Fund model allowing Royale network participants access to a variety of DeFi project rewards without direct investment

Sheesha Finance, the first one-stop-shop for investors to get diversified exposure to DeFi projects, and Royale Finance, a cross-chain DeFi solution using liquidity pools to provide funding for iGaming startups, announced a partnership leveraging the staking mechanism features of the Sheesha platform. The partnership innovates traditional DeFi blockchain staking and brings additional value to all network participants by providing portfolio diversification while minimizing risk.

With the growing popularity of DeFi projects, many investors are now looking to invest in promising, authentic DeFi startups. Sheesha Finance has created a unique model that embraces full-scale transparency and integrity, while supporting reputable DeFi ecosystems such as Royale Finance.

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Sheesha Finance uses a staking mechanism called a “Liquidity Generation Event” (LGE) that encourages participants to select an available blockchain network and contribute Ethereum (ETH) or Binance Coins (BNB) in return for Liquidity Provision Tokens (LP) on the network they have chosen. The LGEs are open for a certain period of time, and in this instance, two weeks.

“Our goal has always been to improve the De-Fi ecosystem and transform its operational mechanisms,” said Saeed Hareb Al Darmaki, Founder of Sheesha Finance. “By leveraging our liquidity generating events, we are able to help De-Fi projects expand market reach, gain new investors and holders. Our newest partner, Royale Finance has been a totem for transformational changes in the iGaming niche and we are proud to work with them to further grow their network influence by utilizing our unique staking mechanism.”

“The partnership with Sheesha Finance is extremely important for us. It provides the much-needed distribution stability lacking in most DeFi ecosystems today,” said Matthew Armstrong, COO at Royale Finance. “This mutually beneficial partnership helps Sheesha expand its network partners and reach while providing Royale network participants an interesting investment avenue through Sheesha’s liquidity generation events.”

Liquidity Provision Tokens (LP) can be staked to continuously earn Royale Finance tokens ($ROYA) as well as other network tokens available under the Sheesha ecosystem. Increased participation in this program will greatly improve the overall metrics of Royale Finance, control the distribution of $ROYA in the market, curb inflation, and attract bigger investors looking to team up with valuable players in the DeFi/iGaming niche. Royale Finance will give a certain amount of their native token, $ROYA, from their liquidity mining to help support this joint staking initiative.

Sheesha Finance has conducted external audits of its platform to validate the security protocols and ensure its smart contracts are error-free; Sheesha received a 100% grading by Zokyo, a highly reputable auditing firm. Sheesha’s approach exposes its users to a wide array of interesting DeFi projects and foregoes the stress of manually searching for viable DeFi investment opportunities. By staking LP tokens with Sheesha, network participants will be able to earn Sheesha’s native tokens as well as the tokens of other existing and potential future DeFi projects on the platform.

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BitLine

BitLine Enhances Onboarding Experience in Collaboration with Jumio: Simplified KYC for Casino Patrons

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This collaboration emphasizes convenience, security and regulatory compliance

Through the BitLine app, users can seamlessly transact with up to US$10 million in casino chips 24/7

BitLine, a pioneering provider in the integration of digital assets for direct access to casino chips, proudly announces a strategic alliance with Jumio, an industry leader renowned for its comprehensive know-your-customer (KYC) solutions.

This partnership marks a significant milestone as BitLine streamlines its onboarding process for casino patrons, ensuring a seamless and secure journey into the realm of digital asset-based payments for gaming.

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The collaboration between BitLine and Jumio signifies a commitment to delivering unparalleled convenience while upholding the highest standards of security and regulatory compliance. By leveraging Jumio’s advanced technology, BitLine reinforces its dedication to building trust among users and offering a frictionless experience for individuals seeking access to casino chips via digital assets.

Richard Jones, the Chief Executive Officer for BitLine by Ibanera, expressed enthusiasm about the partnership, stating: “Trust and compliance are the cornerstones of every successful casino venture. At BitLine, our vision to innovate this industry through digital assets hinges on maintaining trust and adherence to regulations. Our collaboration with Jumio represents a monumental stride towards achieving this vision, ensuring that casino patrons transact securely and confidently through our platform.”

Echoing this sentiment, Robert E Prigge, the Chief Executive Officer for Jumio, commented: “The evolving landscape of digital assets presents endless possibilities and BitLine’s innovative approach has reshaped the casino industry. By eliminating withdrawal limitations and expanding accessibility, BitLine has ushered in a new era of gaming. We are thrilled to contribute to BitLine’s journey by providing essential elements of security and compliance.”

BitLine by Ibanera grants cryptocurrency owners unprecedented access to up to US$10 million in casino chips, 24/7/365, serving as a conduit for liquidity on the casino floor. Through the intuitive BitLine app, casino enthusiasts worldwide can initiate transactions within minutes, leveraging their digital assets to unlock funds effortlessly.

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Cryptocurrency

Payhound empowers LSports with a seamless solution to receive payments

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Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

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Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

The post Payhound empowers LSports with a seamless solution to receive payments appeared first on European Gaming Industry News.

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Crypto iGaming industry

Elray Resources Inc. Officially Launches Kings of Sport – a Pioneering Crypto Casino

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Elray Resources Inc., an emerging leader in the Crypto iGaming industry, has launched Kings of Sport (KOS), a state-of-the art online crypto casino that brings together the world of cryptocurrencies with the excitement of traditional casino games.

Kings of Sport is expanding player options in the online gambling industry by providing users with a diverse selection of classic and modern casino games that can be played using popular cryptocurrencies like Bitcoin, Ethereum, and others.

“Our partnership with KOS is a major step toward deploying Elray’s Crypto IP and expanding our presence in the growing Crypto iGaming market. We are pleased with the immediate response by players to KOS’ unique Crypto Casino offering, as evidenced by the registration of over 3,500 users during the first week,” Vincent Cai, chief technology officer at Elray, said.

Key Features of Kings of Sport:

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  • Wide Selection of Games: Users will have access to a wide range of classic and modern casino games, including live, slots, poker, blackjack, and roulette, among others.
  • Cryptocurrency Integration: Kings of Sport supports multiple cryptocurrencies for deposits and withdrawals, providing users with a seamless gaming experience.
  • Provably Fair Gaming: The platform offers tested and proven games offering high payout percentages.
  • 24/7 Customer Support: Dedicated customer support team available round the clock to assist users with any queries or concerns.
  • Fast Payouts once players have been verified.
  • State of the Art User-Friendly Interface: The platform is designed to be intuitive and easy to use, ensuring a smooth gaming experience for all players.

“The registration numbers have been much higher than our expectations and, with this new KOS platform, we are bringing together the world of cryptocurrencies and online gaming to create that unique experience. We believe the rollout of the KOS platform will achieve the highest standards required to provide crypto players with a secure, fair and enjoyable gaming experience,” said Mr. Cai.

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