Blockchain-based platform designed for players to wager on themselves in online video game matches of skill.
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About Ryu Coin
Ryu Coin (pronounced ) is a token designed to facilitate wagering on everyday video game matches. Ryu Coin allows users to bet on themselves when competing against others in a wide variety of games and platforms.
Individual wagering on user to user online gaming competitions is a rapidly emerging market. Berenberg Bank has forecasted that the eSports market could be worth as much as $40 billion by 20251. Wagering on online competitions increases user engagement in games and gives developers a new way to attract new gamers. The promotional offers such as 888sport promo code help new wagerers in UK enjoy free bet worth up to £30. They also additionally enjoy £10 bonus which they can reserve to play in 888casino. However, they must understand how these promo codes work and the winning possibilities so that they are not in financial risks. In the U.S. alone 65 percent of households are home to at least one person who plays three or more hours of video games per week and 53% of the most frequent gamers play multiplayer games for at least 6 hours a week2.
We are currently pursuing partnerships, developing our MVP and scheduling a token sale for mid Q3 2018.
How it Works
Blockchain technology offers a compelling solution to making user to user wagering fast and secure. Blockchain technology is also the backbone of Bitcoin and many other cryptocurrencies, as it lowers costs and increases security. Traders can trade bitcoin without the need for human participation using automated trading bots like Bitcoin up software. Every wager will be secured by a smart contract on the NEO network – making transactions immutable and distributed. The NEO blockchain can handle up to 1,000 transactions per second and a new block is created about every 15 seconds. With Ryu, wagers are held by our Ryu Vault Smart Contract, thus eliminating the need for a trusted intermediary. Since Ryu Vault handles all of the transactions, users are able to withdraw and deposit funds at any time with no fees.
Ryu Coin is what is used by the Ryu Ecosystem to wager on multiplayer matches. Players wager any amount of Ryu they want, and the winnings are awarded proportionately. The funds are split between the winning players (this can be more than one person if it is a team match) with the network taking a 10% fee.
Ryu Vault is the smart contract that governs the Ryu Ecosystem. The contract is responsible for handling deposting/withdrawing, match creation/events, paying out winnings, and dispute handling. Gamers will interact with the Ryu Vault smart contract through the use of the Ryu Home Base App.
Gamers simply have to go through a few steps to play with Ryu. First they must make an account on our website and undergo KYC (know your customer) verification. Next they need to download the Ryu Home Base App and connect their wallet to their Ryu account. Then they transfer Ryu Coin to the Ryu Vault Smart Contract.
Developers will first need to be approved access to the platform from the Ryu team. Next they will need to implement our API into their system. Integration of games with the Ryu Ecosystem will be done on a case by case basis. Once approved, developers will send match data to the Ryu Server using our API to interact with the Ryu Vault Smart Contract.
We are currently working to add new partners everyday. Sign up for our mailing list or check back here in the future to see more partners!
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Ryu Coin was founded by three Northwestern University students in Evanston, IL. Ryu Coin was born one late night while playing Rocket League. We thought it would be fun to wager on a match, so we set out to make it possible.
Ross Krasner, Co-Founder & CEO
Front-end developer with a background in marketing and communications overseeing business strategy and marketing efforts. Has interned at LinkedIn in New York as an Editorial Assistant Coordinator and as a speechwriter for the Mayor of Chicago.
Favorite Video Game of All Time: Madden 2007
Wyatt Mufson, Co-Founder & CTO
Full-stack and mobile developer in charge of the design of Ryu’s system. Interned at Amazon as an SDE doing full-stack development and at Grubhub as an iOS developer. He has published numerous iOS apps to the App Store.
Favorite Video Game of All Time: Call of Duty 4
Noah Lisser, Co-Founder & VP Partner Relations
Overseeing partner relations and outreach. He studied Neuroscience at Northwestern and has worked with Northwestern sports medicine as an assistant trainer for the football team.
Favorite Video Game of All Time: Borderlands
City of Zion Contributor
Nick is a City of Zion contributor and Senior Blockchain Engineer at O3 Labs. He brings a wealth of knowledge about the NEO ecosystem, development and strategy.
Co-Founder and CEO Solidus Labs
Asaf is a FinTech and blockchain professional, particularly within the field of financial markets with a decade of experience working in startups and corporations, most recently at Goldman Sachs.
VP Product Solidu Labs
Shimon is an experienced FinTech engineer, most recently developing low-latency, scalable and secure equities trading platforms at Goldman Sachs.
Tony Wilkins, Mentor at The Junto Institute
Tony Wilkins is a veteran private investor in early stage companies. He mentors, connects, coaches and invests in Seed and Series A rounds of startups. His 39 investments to date include SpotHero, SA Ignite and PageVault. In 2001, he funded ASAP Advisor Services, a database population firm for asset managers, which was sold to eVestment in 2011.
Michel Herszage, Goldman Sachs
Michel is an MBA Candidate at Kellogg School of Management. He is currently the CEO of Focal Wealth LatAm, a prospecting tool that can improve sales ratio and drive productivity of bankers operating in Latin America.
Tom Plunkett, Author and Patent Attorney
Tom Plunkett is a Consulting Solutions Director with Oracle. He has written several books and is a frequent speaker at industry conferences on Blockchain and Cryptocurrency topics. Previously, he practiced patent law for a law firm, and he is admitted to the Virginia State Bar and the Patent Bar. He has also taught computer science courses for Virginia Tech.
- November 2017Ryu Coin venture initiated
- January 2018Ryu Blockchain Technologies LLC is formed
- February 2018Advisors added to project, development of NEP-5 contract commences
- March 2018Demo game completed. Ryu API service completed. Ryu Home Base App and Vault Smart Contract development commences
- Q2 2018Developer reachout and forming partnerships begins
- Q3 2018White paper completed. Ryu Vault Smart Contract completed. Token sale announced Token sale announced.
- Q4 2018Ryu Vault deployed to NEO MainNet. Token sale takes place
- Q1 2019Ryu Coin service launches on initial set of games. Ryu Coin listed for sale on exchanges
- Q2 2019Team expansion and launch of service on expanded set of games