Singaporean crypto company, Chain Base Pte. Ltd. announced it has raised approximately USD $53 million in its ICO which started on November 11, 2018. As a result, the token generation offering for its blockchain powered casino project, Nevula, successfully reached its minimum cap needed for the project to progress.
Nevula is different from other casino tokens because of its worldwide partnerships with land-based casinos and major official junkets, such as GrandMaxim, enabling token holders to play with NEVULA tokens at the land-based casinos in Macau, Cambodia, Malaysia, Philippines, Australia, Saipan, Russia, and South Korea.
Nevula will allocate funds raised to casino deposits, investment in its revenue sharing business, and active investments in various IR related businesses, especially in Asia. The team has chosen Tekken Video Slots as the first gaming machine to be deployed, believing that the established game by Bandai Namco Entertainment and its IP will empower business development.
NEVULA tokens will be available at casinos around the same time, and then in 2020, it will be available at online casinos and land-based casinos in major cities around the world. More information can be found in its whitepaper.