KamaGames becomes first social casino firm to offer crypto token

KamaGames today launched its own crypto KamaGames Token (KGT) as the social gaming operator aims to expand its audience and demonstrate its commitment to innovation.

Working in a similar manner to other cash tokens, KGT is based on the Ethereum blockchain and cryptocurrency.

KGT has the same functionality as a standard utility token and can be exchanged for in-game virtual currency chips.

According to the firm, the token has been launched to attract a new, crypto-savvy audiences and to help drive the further expansion of the company’s network of clients.

KamaGames CEO, Andrey Kuznetsov, said: “We always try to offer something new and exciting to our players, and the launch of the KamaGames Token is a perfect example of this.

“It’s a fantastic opportunity to not only thank our players but to also show how KamaGames is passionate about embracing new technologies.

“In fact, we are the first social casino developer ever to offer a bespoke cryptocurrency to our players.

“The launch of KGT will help us to attract a new, additional audience as well as rewarding our existing players.

“We are confident that this launch will continue to raise our profile and help maintain the tremendous momentum that we’ve had this year.

“2018 is shaping up to be our strongest year to date for growth, revenue and new game releases,” he added.

The total value of the tokens planned for sale is estimated at $25m.