DAO.Casino DAO.Casino

DAO.Casino

Blockchain protocol for gambling
past
Jun 28, 2017 — Jul 26, 2017
Raised 11 496 820 USD
About DAO.casino

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.

Trusted third party that is needed in a traditional online gambling industry to function is replaced with smart contracts that act as autonomous agents that automatically reward all the key contributors: game developers, referrers and operators of independent platforms necessary for the game discovery, and those that take part in PRNG. The fact that reward system is fully automated and transparent allows to introduce a crowdfunding element into a bankroll of every game (see section 2.1.5) and incentivise community driven security audit.

Obtaining randomness necessary for gambling games in a deterministic virtual machine is not a trivial task, so that in addition to technically obtaining pseudorandom values an economic incentive layer should be introduced. Equally unpredictable random numbers that determine outcomes in each game are provided by economically incentivised participants interacting with the PRNG contract. PRNG method implemented in DAO.Casino MVP is described in a section 3.

This system can provide a P2P marketplace for game developers and support a large number of independent front-end platforms where players can discover and play gambling games fair by design.

In the beginning we can expect existing licensed online casino operators can integrate with the protocol to reduce costs, while long term new forms of regulations more suitable for decentralised, transparent and automated systems can emerge. Long term goal of DAO.Casino project, apart from providing experimental software and implementing main protocol components, is to contribute to a development of new forms of online gambling certification. So far gambling games on Ethereum remain in the gray legal area, but it doesn’t have to be so, since technologies such as Ethereum open up possibilities for far better customer protection and enable fair by design gambling.

BET - DAO.Casino internal token - is used as point system for incentivisation as well as a sub-currency which is used in the games. See section 2.2. BET token is a standard Ethereum ERC20 token.

Features

- Enables a sustainable model which benefits all the parties involved in the online gambling business process
- An automated value distribution protocol acting as an mechanism of incentives and expressed in a system of Ethereum contracts
- A system that is capable of providing equally unpredictable pseudorandom numbers for the games
- DAO.Casino team became on of the winner of the Status Global Hackathon
- Security of the system is achieved through transparency, consistency and cryptographic verifiability of software used to automate processes otherwise involving trust, and economic incentive mechanisms for it’s human participants

Technical Info

Technical details:  BET token is a standard Ethereum ERC20 token. It is used as ingame currency for all the game contracts integrated with the protocol and to power DAO.Casino reward system. Ingame currency and a reward system are complimentary. Despite of Gas cost that is required for Ethereum powered software to run, the fees should remain lower than in traditional server based online gambling. This is because the gas is paid per operation, and only for the operations and storage that is used. Game’s front end can be stored either on the server or on the network using decentralised file storage systems such as IPFS or Ethereum’s native Swarm. Using Swarm will also allow to program the game to pay for it’s own front-end storage. Proof of developer:  Public team

Roadmap

  • 2016

  • - Market research- Technical feasibility- Technical feasibility
  • Phase 1

  • Market Research, Technical feasibility, Assesment
  • Q1 2017

  • - First game release on Edcon - Platform prototype
  • Read More
  • Phase 2

  • First game release on Edcon, Platform prototype
  • Q2-1 2017

  • - Platform Alpha - Dice game beta - Black Jack beta - Protocol main contract - WP release
  • Phase 3

  • Platform Alpha, Dice game beta, Black Jack beta, Protocol main contract, WP release
  • Q2-2 2017

  • - Public audit - RNG Signidice integration
  • Phase 4

  • Public audit, RNG Signidice integration
  • Q3-1 2017

  • Contribution campaign
  • Phase 5

  • Contribution campaign
  • Q3-2 2017

  • - Multiplayer RNG research - Lottery Alpha - Slot game Alpha - IPFS integration
  • Phase 6

  • Multiplayer RNG research, Lottery Alpha, Slot game Alpha, IPFS integration
  • Q4 2017

  • - Official release platform (testnet) - Multiplayer RNG release - Lottery beta
  • Phase 7

  • Official release platform (testnet), Multiplayer RNG release, Lottery beta
  • 2018

  • - VR platform - Betting integration - Prediction Integration DAO.Casino JS
  • Phase 8

  • VR platform, Betting integration, Prediction Integration, Dao.Casino JS

Activity

Posts:
210
MEDIUM
Followers:
2 042
MEDIUM
Likes:
1 903
LOW
Rating:
4.80
VERY HIGH
Reviews:
13
LOW
Followers:
5 058
HIGH
Tweets:
318
HIGH
Members:
1 857
LOW
Alexa
Rank:
913 107
VERY LOW
Delta:
297 205
Year commits:
2 931
Watchers:
131
Stars:
98
Forks:
96
Open issues:
15

Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

CTO / Platform development
unverified
Ksenya Bellman
Business Development
unverified
DAO design and implementation
unverified
Alexander Krupenkin
Solidity Developer
unverified

3.85

stable
5.0 17
ICO Profile Vision Activity Potential Product Team

icorating
-
icobazaar 3.6
icobench 4.1

Collected:
0 USD
The amount in USD is calculated at the closing date of the ICO
Goal: Cap: ICO: 28 Jun 2017 26 Jul 2017

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