DAO.Casino BET

$0.0179
Market Cap $ 3.001 MM (#616)
24h Volume $ 147.468
Chg. 24h: -2.87%
Algo. score 2.9/5  (#668)
Show Quick Stats

DAO.Casino project purpose and description

DAO.Casino clarity of purpose

DAO.Casino purpose and aspects

DAO CAsino is a blockchain-based gambling protocol with its games being transparent and provably fair. Also, it pays dividend to those who bankroll the house.

DAO.Casino additional differentiation against competition

--

DAO.Casino categories

GamblingGaming

Short description

DAO.casino is a protocol defining interactions between untrusted participants in the context of online gambling industry. This includes two levels: game level - player’s trust in a particular casino operator in the context of the game (provably fair gambling) and a business model level: i.e. game developer doesn’t have to trust casino operator to get rewarded. In short: all participants that are needed for the system to function don’t have to trust each other in order to cooperate.

Abstract

Online gambling takes 10% of total legal turnover in the world gambling business [1], while the trusted third party - online casinos - remain a black box for players and the market remains hard to enter for the game developers. "We propose a decentralised public system for gambling industry - DAO.Casino. DAO.Casino consists of a) an automated value distribution protocol acting as an mechanism of incentives and expressed in a system of Ethereum contracts b) a system that is capable of providing equally unpredictable pseudorandom numbers for the games. We show how applying cryptoeconomics and implementing such system on Ethereum can solve some common issues in traditional online gambling industry through removing the need of trust ( i.e. automating crucial elements of online gambling industry that usually require trust reduce a risk of fraud and enable a new more sustainable business model to evolve), and also can minimise overheads for casino operators which allows higher payouts for the players and game developers to monetise their work. Auditability and cryptographic verifiability of Ethereum powered software potentially makes certification process for gambling games easier."

Link to Roadmap: https://bitcointalk.org/index.php?topic=1928183.0
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme