14:54:48 EDT Fri 07 Aug 2020
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ZeU Crypto Networks Inc
Symbol ZEU
Shares Issued 24,404,494
Close 2020-06-22 C$ 0.20
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ZeU features 4 game categories on EOS Testnet network

2020-06-23 14:18 ET - News Release

Mr. Frank Dumas reports


ZeU Crypto Networks Inc. has provided an update on the progress of its gaming development business. Today, four categories of the company's blockchain-based games are being deployed on the EOS Testnet network in an effort to collect data for the next 90 days. The dataset that will be generated is a requirement for most of the company's clients currently in operation or in the process of obtaining regulated gaming licences.

The four games being deployed are dice, lottery, auction and slot:

  • Dice -- players can select big or small, or choose 1-5 numbers from the board. When the number(s) match the total value of the three dice, the player wins.
  • Lottery -- players can select odd or even, or choose 5 numbers. When the numbers match the last five digits of the BlockID, the player wins.
  • Auction -- players attempt to outbid each other to win the pot. ZeU's random number generator is used to determine the winning bid.
  • Slot -- players enjoy a classic slot machine game of matching images. The more matching images, the more a player wins.

The company is also pleased to deploy its auction lottery, code name National Treasure. Statistical data obtained will also be essential to the licensing process prior to the live deployment of the auction lottery game based on ZeU's patent-pending Random Number Generator technology.

This critical milestone comes a little bit over one year after the company initiate real-life application development. The general public can test the games and have fun playing for free while ensuring independent data verification.

Branded initiatives with license holders should be announced over the summer. The company is also shifting its gaming development team toward its core project of a peer-to-peer (P2P), decentralized, and ownership-distributed casino platform. The platform will allow players to create their own side bets, trade bets, and create bet derivatives. Anti-Money Laundering and Know Your Client (AML/KYC) elements will be run on a decentralised and distributed basis. The gaming authority will have access to a layer of data conformity within the legislative requirements of the jurisdiction where it will be operated. ZeU will not become a gaming operator but will "lease" its platform by charging a small fee on token transactions. Profits will be contained and redistributed to live players and token stakeholders.

Frank Dumas, ZeU's chief executive officer, commented: "This is an important milestone for us. In the first six months following the cancellation of the original transaction that gave birth to ZeU, we tinkered with old personal ideas from the '90s. We worked on concepts and created intellectual property, some of which are now core assets and awaiting patent approval while being integrated into commercial products and initiatives. It's only in the last 12 months, just over a year ago, that we started commercial development and that the company became a team, found its bearings, and started to understand its identity. (...) some radical changes are now affecting our business philosophy. The current social and economic context, post-pandemic, is helping to accelerate our transformation. (...) moving forward, we will filter potential clients, partners, and initiatives we get involved with though this vision that has crystallized the identity of ZeU. We won't repeat the mistake of compromising it. (...) This community building, peer-to-peer (P2P) decentralized, distributed, and open philosophy is central to what we do. This is and will be an evolution. As we go along, we are learning where our profit lies, and we are actively encouraging unorthodox, even heretical re-imagining of technology. (...) People who stubbornly evaluate our progress, who would like to dictate how we do things based on old economic concepts and management theories, some of which seem straight out of an episode of "Mad Men," would be wise to leave this train now. This is shaping itself to be an extraordinary journey, and we plan to do it on our own terms(...)."

About ZeU Crypto Networks Inc.

ZeU Crypto Networks is a forward-thinking Canadian technology company that has developed a state-of-the-art blockchain protocol, providing the foundation for the next-generation of encrypted and distributed networks. Thanks to its high level of sophistication, ZeU's technology maximizes transparency, security and scalability as well as big data management. ZeU's strategy is to monetize blockchain transactions in diverse sectors such as payment, gaming, data, and health care.

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