Alea is a Solana-based Gaming-hub, which will allow individuals to initially place bets in units of SOL and shall have the following characteristics:
- Support all assets listed on SRM dex.
- Transparent source code
- No deposits
- No sign-ups
- Immediate payouts
- Immediate burn of profits
- Competitively low house edge
- Intuitive web-based user interface
We plan to make the first SOL dice-based game, which is provably fair, with low house edge (1%), auditable public code, governance, and burning mechanism with all the revenue generated.
Governance and Voting
Token holders will be able to create proposals by staking a number of tokens, if the proposition passes, they’ll receive their stake back, if it does not pass then the number of tokens will get burned.
A vote requires more than 60% of the tokens to vote in favor to pass. This parameter might get changed via a proposal.
Burning mechanism
In order to reward long term supporters, 60% fees generated from the dice game or any other game that is implemented by the team will be used to purchase and burn the existing tokens on the market. While the other 40% will be used to grow the house funds.
Liquidity pools
We will be locking 25% of the total supply in a Uniswap liquidity pool for a whole year in order to ensure a prime trading environment. For those who want to set their own pools, we will be airdropping 12.5% of the total supply to those liquidity providers during the first 3 months as rewards.
Tokenomics
Sale Hardcap: 1,875 ETH
Sale Softcap: 950 ETH
1 ETH = 16.2 Alea
-Total Token supply 60,750
-Total Token for IDO 30,375 = 50%
IDO Funds Distribution:
- 25% Liquidity Allocation
- 25% House Money (Games Pools)
- 25% Operations
- 25% Marketing
-Total Team Token 15187.5–25% (Vested until September 15, 2021, Released Monthly after Public Sale)
-Liquidity Allocation 15187.5–25%
- 50% liquidity allocation (Uniswap Liquidity)
- 50% liquidity pool rewards (With the purpose of incentivizing liquidity providers, this pool will be distributed during the first three months.)
We think that Solana is a platform that will allow our project to flourish as beautiful as it could be, and what we want to create is something that we know a lot of people have been waiting for, that’s why we as part of the community are doing our best to bring forth a quality gaming hub where we can focus on the most important thing, the community.
