Team3D

The medium of exchange for games and platforms that use VIDYA is a liquid, market-backed ERC-20 token, uniquely also named VIDYA. Through in-game and on-chain mechanics, VIDYA enjoys the unique position of providing entertainment and finance wrapped together as one to an emergent market of decentralized products and services. Decentralized gaming and finance are massive and growing markets with few notable attempts at an innovative merge of industries

How it works

With open source, decentralized software hosted on the Ethereum blockchain in the form of smart contracts as escrow for players' wagers, holding them upon deposit and releasing them upon completion of prerequisite conditions that are agreed to on entry. Each session is subject to a rake from the pool that's distributed among VIDYA stakers, who will receive rewards proportional to the amount of tokens they've deposited and held within the staking platform. Games will be able to implement our immutable intermediary at ease, with the requirement of interacting with the contracts via Web3 user interface and the use of VIDYA tokens.

System in practice

Player created lobbies are made by Web3 enabled users after they pick the deposit other users must make before being able to join their lobby. The user will then be charged this amount in order to start the lobby, securing the initial wager instantly, and the rest upon entry of other players. Users will be refunded in the event of a lobby closure. Staking fees will only ever be deducted from the pool following successful match completion