Decentralized gambling protocol DAO.Casino has unveiled a feature that allows participants – aka token holders – to financially support games and receive rewards.
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.
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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.
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 http://eepurl.com/cPT7of
DAO.Casino is an open ecosystem for gambling games that doesn’t rely on a trusted third party. Its decentralised governance system built on Ethereum offers rewards to developers, security auditors, and community members for their contribution to the protocol where players can discover and play scam-free games with a straightforward user interface.
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