Topic: [ANN] DAO.Casino - Blockchain Protocol for the Gambling Industry - page 29. (Read 57479 times)

So there will be no third party or external escrowers?

1. min cap-we will not have it (will release protocol anyway)  max cap 10 000 000$
2. ETH
3. founders of the company will be responsible for the funds

"Hack the DAO" sounds fun

I can do the translation to Greek if needed. Please reserve it for me and confirm it here. Thank you.

Another gambling token up with crowd sale...first vslice..then edgeless and now dao.casino.

What's the minimum cap/maximum cap for this project?

What all cryptocurrencies are accepted for this ICO

And mainly who is the escrow for this project?

Hello, thank you for the question. we should have introduced our team:
Ilya_T-Ilya Tarutov (CEO)
ales_raider-Aleksandra Fetisova (project manager)
j32804-Ksenya Bellman (biz dev)
Noxon-Aleksandr Noxon(CTO)

aleksa_raider
j32804
Ilya_T

team member?

how investment ?
you create coin ethereum based and then ico selling
can explain detail spefication coin, how much total suply, how much price in ico selling
and any bounty dev

Hi all, i'am a tech lead. Our team has 4 fulltime coders (JS - lead language), 2 blockchain outsourcing companies in partners. BET has a huge chance to become the number one in "gambling" tokens.

upd 09.06.2017:


Bankroll Backing, as the new feature is titled, is introduced in the wake of DAO.Casino’s motto: to enable a sustainable model which benefits all the parties involved in the online gambling working model. This system is supported by, what DAO.Casino refers as, Bankroll Backers. Any participant holding DAO.Casino’s native token BET can take up the role of a Bankroll Backer; s/he will only require to install bankroll app and commit their tokens in a game contract, and receive rewards.
 
In modern gambling industry, this role is taken on by casino operators. While this practice requires game developers to put unquestionable trust on their casino managers, it also makes them dependable on them. Operators have an unquestionable influence on the game developer, who can not bring his game to the market without the participation of the casino, no matter how good it is.
 
DAO.Casino protocol’s Bankroll Backing System allows to solve this problem. Anyway, the casino operator can retain this function, becoming a bankroll backer for their own games.
 
Bankroll Backers will be able to evaluate games in a market environment to understand what kind of reward they will be able to count on, and make a choice in favor of the best of the games. In this case, "bad" games do not even reach the player. In fact, the bankroll sponsor conducts the first audit of the game. Naturally, he takes risks - the game justifies itself or not, but in the market conditions it works best.
 
After the game has received the required amount BET`s, the bankroll sponsor will automatically receive a reward (part of the player's loss), which is pre-programmed in the game contract code.
 
At the moment, our team has developed an Bankroll backer application using the Electron.js framework.
 
“It is influenced by Ethereum wallets, and is available throughout all platforms, including Windows, MAC OS, and Linux.” - Says Kellas the coder of Bankroll App.
 
In our first implemented PRNG (pseudo random number generator), the bankroll sponsor provides a value that is involved in determining the outcome of the game. (Reference to the post about the random house).
 
Watch the video and request the Bankroll app.



https://youtu.be/JygezsZoywI


Request beta version of app

All apps in PoC versions now, all audits will be passed in future

Hmmmm - Interesting.

Yeah, will post more info on community efforts related bounties asap.

So far published just rather nerdy bounties:
for new PRNG methods and
for the game dev teams who want to integrate their games with the PRNG method and the reward distribution system

But definitely would be great to have community savvy people, make a slack channel active, for example.

sorry, Indonesian translation seems sorted already. Thanx for heads up anyway.

Hey, @kamvreto thanx, Bahasa translation is on you, lets chat in DM so we wont flood the channel

i think they will update with the bounty soon so be patient!

reserve indonesia translate if you need

Translation of the reserved eagle! Just kidding!
Will there be rewards?
The casino systems are more of the same, impossible to change something, there are bigger forces.

Reserving for Turkish translation.

Thanks. Wagerr looks different: on the technical level Wagerr rolls out their own blockchain - a network of masternodes, as far as I understand it's a permissioned blockchain specific to their project. DAO.Casino is built on top of Ethereum's public blockchain. At least in January this year, almost a quarter of all Ethereum contracts verified on Etherscan were related to gambling and gaming, not it is probably even more. But in order for individual games to become an industry there should be a business logic allowing all parties involved in the industry to interact.

On the business logic level Wagerr is closer to how Ethereum's prediction markets work, since one can use them for sports betting. DAO.Casino provides an automatic value distribution system, more like a decentralised market where participants can interact without trusting each other.

Example: Alice is operates an online casino and Bob is a referral. Bob brings a new player to Alice's casino and want a reward for it. In a conventional system Bob will have to trust Alice so that she gives him his reward for brining a new player, or have a contract with him that is enforceable legally. In a DAO.Casino value distribution system this reward will go from Alice's casino to Bob automatically, so Bob doesn't have to trust Alice. So they don't have to know and trust each other in order to cooperate. This is just a referral component example.
DAO.Casino automates interactions between: game devs, bankroll backers, referrals, casino operators. Does this make sense?

you can find them on our web site- dao.casino (prototype)

Thanks for heads up, will keep your offer in mind, will have to decide with the team what translations we'll be doing.
Just one important thing regarding this project - it's not a game platform, it's a protocol - an automated business logic that any platform operator can plug into, provided they want to play fair - run Ethereum-powered games.
The goal of this project is not to mimic exiting online gambling industry and connect a couple of blockchain-based games, but enabled new business models to evolve based on the cooperation between parties that don't trust each other.
DAO.Casino UI platform is there as an example of how UI platform can work on top of this logic: source of PRNG and an automated value chain - system of rewards. That's why the UI that DAO.Casino rolled out is only available on Ethereum testnet, most of the time on Ropsten.