Elray Resources Inc (ELRA)

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ELRA New VXCoin Offers Indirect Way for Chinese Traders to Purchase Bitcoins (NEW YORK)–Elray Gaming, Inc. (OTC:ELRA), a provider of online and mobile gaming turnkey solutions, announced it has finalized the acquisition of Dynasty Exchange as its VXCoin could become an alternative means for Chinese traders to purchase Bitcoins indirectly.

ELRA Highlights – Launches Bitcoin Credit Exchange – Supporting Bitcoin Casino, Emarald City Casino – Access to 80 Million Chinese Players – Elray`s VXCoin Alternative Path to Bitcoin in China – Developing Virtual Horse Racing Platform – 30 Million Shares Outstanding, Float 12 Million – Price Target of $0.40 ($12 Million Market Cap) On Feb. 07, 2014, the Company announced it had finalized the acquisition of 100% ownership of Dynasty Virtual Exchange, and Dynasty E-Store from Virtual Technology Group (VTG). Through the Dynasty Exchange users will be able to interchange virtual items and currencies such as Social Gaming Credits, Bitcoin`s, Lightcoin`s and Casino Credits.

Dynasty VXCoin Dynasty has also created its own Virtual Currency called the VX Coin (Virtual Exchange Coin), which will allow users to acquire a range of virtual items and a vast range of merchandise utilizing our proprietary VX Coin platform. The Exchange will facilitate the acquisition of Bitcoins for Chinese customers and process will adhere to the latest Chinese regulations that have made it difficult for Chinese residents to acquire Bitcoins through standard real currency transactions. The Exchange is already in final Beta Testing and can be accessed at www.dynastycxc.com Through Dynasty E-Store users will be able to acquire a range of merchandise using real currencies processed through integrated payment solutions as well as by using virtual currencies such as Bitcoins and Elray`s own Virtual Currency the VX Coin.

The Store is primarily targeting Asian customers and will carry a vast range of merchandise including high end luxury products on launch The store can be seen at www.dynastyestore.com 80 Million Chinese Players On Nov. 07, 2014, Elray Gaming reached a Joint Venture agreement with one of Asia`s largest Social Game operator and developer, to market the new Dynasty Credit exchange to their 80 Million+ users within their network. This is a major point as this gives ELRA a extensive and active data base of active online players for their gaming products, and bitcoin exchange and casino. To give some perspective, 80 million players is equivalent to 25% of the total US population, which is now available for ELRA`s platform.

Emarald City Bitcoin Casino The Company announced their first Bitcoin supported casino now under their network, Emerald City Casino, where customers will be able to exchange their virtual currencies obtained from the virtual exchange and ecommerce store into gaming credits and play in the Casino. www.emc888.com Virtual Horse Racing Platform Elray Gaming entered into an agreement with Virtual Technology Group, LLC to assist in developing, marketing this new virtual horse racing gaming platform. The racing platform will have three options which include fixed odds, sliding fixed odds and pari-mutuel, which enables worldwide deployment with regional preferences. Each engine calculates the payout based on the engine rule set and odds calculated by the virtual world system. Betting can be accepted as soon as the race is posted, generally 3 days in advance. All betting is closed 10 sec prior to race start when the system calculate the rendering files and sends the animation file to the viewer for the running of the race. This prevents tampering with the odds and payouts.

This method offers the greatest security against any players or bots trying the “beat” the game. The system tracks every bet transaction for each user in “cash” or “play for fun” mode that can be viewed by the player from the web page, or by the operators from the call center module.

It remains unsure if the Company may develop a bitcoin gaming feature for this platform, but further details on this joint venture should be forth coming as well.


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