COINSLOOT LAUNCHES WORLD’S FIRST CRYPTO LOOT BOXES

Crypto platform CoinsLoot has launched the world’s first crypto loot boxes. 

Though common in the video gaming world, the crypto loot boxes, which are purchasable with ERC-20 tokens, are being billed as a “world first.” Each loot box contains a secret selection of cryptocurrencies and prizes, with some seriously big ticket items, like a Tesla model X, hiding in some of them. 

Users can also buy the platform’s native LOOT token from the IEO and stake them to earn rewards on every Loot Box transaction. The company says the boxes use a provably fair algorithm to guarantee safety and fair returns. 

According to CoinsLoot, its Loot Boxes offer the average crypto enthusiast an easier way to own an instant crypto portfolio, which they can spend on real-life items and services. 

Each Loot Box has multiple cryptocurrencies inside, a no-loss guarantee, and up to 10% free crypto included. 

AYO.NEWS says:

The whole loot box issue is nothing if not controversial, with many arguing they are straight-up hardcore gambling, and other pointing out they are no different to accepted non-gambling purchases like trading cards packs.

Either way, this novel idea yet further blurs the boundaries between investing, trading, gambling, and gaming – so we’re sure it will catch on, and in good time, completely befuddle various regulators. 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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