iCoins Releases Facebook Game Hotcoins
Oct 30, 2008 – (Gibraltar) – Gibraltar-based iCoins Limited has announced the launch out of its newest Facebook free to play lottery game called Hotcoins.
This unique game, that can be played at http://facebook.com , encourages the concept of creating digital cash and exceeding it on to friends onward popular social networking website Facebook.
“Hotcoins embodies the “pay it forward” concept. What makes this Facebook-based online lottery game truly one of a kind is that there is no charge to sport it and altogether a user needs to do is send at the same time that little as $1 worth of Hotcoins to a friend in order to get 2 tickets in the draw. Hotcoins provides that unique platform wherein a person can transmit a gift to a friend and be in the draw for a advantage at the same time,” said iCoins CEO Adriaan Brink.
iCoins Limited operates the iCoins digital cash system (www.iCoins.com) which also runs a Facebook application called Coinjars (http://apps.facebook.com/coinjars). Coinjars makes it possible as being a user to send, embrace and redeem money, payments or even donations right within Facebook.
In Hotcoins, players exactly have the option to ask for the money outer part and the person they sent the wealth to can return it to their friend. At the time of the draw, all Hotcoins are moved back to the players’ iCoins accounts and they have the option to redeem the circulating medium through any linked payment provider, use it to play another game, or removal the money to another Hotcoins player. A winner will be drawn weekly.
Brink explained that the prize per draw is provided in the manner that an incentive to explore the concept of having and moving digital cash in and outside Facebook.
The iCoins chief charged with execution besides said that they help the employment of iCoins “because they’re freely transferable, legal, fast, anonymous and guaranteed at face value. We slip on’t impose some charges at all as long as the iCoins stay digital. Transfers are free of charge. A user also need not have a bank account or a credit card,” adding that “iCoins make it surpassingly easy for anybody to agitate digital cash and you can on the same level use them in sending donations to a favorite charity or sending payments to an employee. It is a system that provides the functionality of cash in an electronic medium.”
“We are optimistic that with iCoins and integrated eWallets such as Coinjars, people will become accustomed to this more viable, cost-effective way to distribution with online payments and money transfers” Brink regular.
Both Hotcoins and Coinjars are clients of, and all treasury funds are underwritten by, MintFlow Ltd. in the Isle of Man, a licensed eMoney issuer.
CoinJars is an iCoins’ application on social networking website Facebook. It is a wallet application built attached the iCoins platform, which includes a fully secured and licensed eMoney issuer.
About iCoins
iCoins, based in Gibraltar, are developers and operators of an electronic cash system that can be integrated with 3rd party wallet servers. iCoins is a digital cash mechanism designed to allow cash transactions between disparate and unrelated Wallet systems in the digital series. iCoins are similar to bank notes. They can be acquired by a consumer on application to a suitable issuer (resembling to a bank in the real world) and are always worth their face value in real money.
iCoins Limited
www.icoins.com
3 Garrison House
Library Ramp
Gibraltar
Tel. +350 20048595
Fax No. +350 20052911
-30-
FOR MEDIA OR BUSINESS ENQUIRIES, PLEASE CONTACT
Adriaan Brink
Chief Executive Officer
iCoins Limited
Adriaan@icoins.com
