DAO CASINO Token Sale/ Creativity + Gambling June 29th!

pcryptoking (27)in #blockchain • 7 years ago (edited)

Hello everyone, I recently came across this token sale starting on June 29th for https://dao.casino/. Here are my thoughts on what it is exactly as well as some info straight from their website. A complete transparent decentralized Blockchain gambling protocol. You can earn money as an investor, developer, bankroller, or the risky path of course gambling!

*Everything in the system from random number generation to rewards distribution is transparent, auditable and administered by cryptographically verifiable code. No one can change the rules secretly in their own favor. Safety and security have always been a fear the public have had a difficult time accepting. With the blockchain that will all be voided!

*Game developers deliver the games directly to the players, raise funds for the bankroll from the community and use automated reward mechanism to remunerate players, who invite other players. Authors IP stays with the authors. Game devs don’t need a casino, anyone can just be their own casino. It's similar to the flash games back over a decade ago. In the future you will have cryptocurrencies, similar to commodities that you can exchange, either to have fun or play some crazy games. Think about it... nothing like this has ever been done before and people are very creative. You can have gambling games of skill, chance, and bankrollers or investors to fund people all on the blockchain.

*No participant has power over another. Whoever contributes value gets automatically rewarded by the system. It is designed to be fair, and doesn’t have to rely on a potentially corruptible trusted third party.

*By design a decentralized system doesn’t encourage rent-seeking behavior. So no one can take a cut for nothing which allows higher pay outs than in a traditional online casino. Random numbers that determine who wins any given games are provably unpredictable, which means no one can win just by knowing the outcome.

I am only a potential investor and poker enthusiast and am not hyping them up. It is up to you to research on you're own. I do see potential for such a platform and the gambling industry online is in need of a transformation to the blockchain. I would say it's the next step, and the creativity of game developers having a platform to create. I really do have high hopes. Don't be afraid to follow me on twitter @powercryptoking for just about anything related to technology or crypto.