ZKasino Testnet
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Reward pool
ZKAS
ZKAS
Expected profit
Unknown
ZKAS
Max participants
∞
No limit
DropsEarn score
Neutral
Normal, Low Risks
Details
Introducing ZKasino's token: ZKasino's DAO ensures that the casino's bankroll is tokenised so each token holder is entitled to a fair share of it. i.e. you own 1% of token supply, ZKasino's total bankroll = $100m. Your 1% of token supply entitles you to ~$1m.
A revolutionary concept of ZKasino will be its "Play-to-Earn" aspect. Each bet placed will be rewarded in ZKasino tokens, even if the player loses. Players can roll a dice game constantly and be rewarded for it in a P2E manner to 'farm' ZKasino tokens.
Tokens rewarded for each bet will still be +EV for the DAO. The DAO could take a 1% edge for the dice game (roll >51/100 to double your money). Rewarding players 0.3% off their bet size in ZKasino's token ensures that the expected value remains positive (~0.7%) for the DAO.
The chronological system is planned to work as following: Player's bet is routed through smart contract on which the game is hosted. The DAO treasury receives a deposit upon the player's loss (result supported by VRF), or upon a win, withdraws the winning amount to the player.
ZKasino tokens will be backed by the treasury. Token holders will be able to sell their tokens back to the treasury, for their share of the bankroll minus a tax. As bankroll grows (by players losing), your tokens will be entitled to the same share of a larger USD portion.
By retaining tax for selling ZKasino tokens back to treasury, ZKasino can ensure that ZKasino's treasury will remain over-collateralised with a separate insurance fund. The alternative to this would be trading on public exchanges.
As ZKasino's bankroll will consistently increase in size (bets are only taken in +EV outcomes), it is unappealing for shareholders to sell their percentage ownership. ZKasino's DAO members will be shareholders in a growing casino rather than solely governance token holders.
ZKasino's budgeting and decision making will be entirely community-led. Have a great marketing plan? Propose your plan on the governance forum; should the token holders' vote pass, the requested budget will be received by the proposer to execute the plan.
The DAO can also make decisions such as house edge taken on each individual game, and experiment with different percentages. Data can be extracted as ZKasino test-in-prod to determine what the optimal edge % should be, balancing competitiveness vs other casinos and profitability.
Top-tier developers from MatchboxDAO are in the process of building the DAO's infrastructure and game contracts, starting with a dice and crash game. The goal is to replicate how existing online casinos work, but done in a decentralised Web 3.0 manner with tokenised ownership.
What's next? Games will be launched on both StarkNet and zkSync 2.0's testnet, starting with dice and crash games. Slots with bonus prizes and free spin rewards is under development with simulation testing, ensuring each spin will have a positive EV outcome for the DAO.
There will be no seed/private rounds for the token. The launch for the token will be done as fairly as possible to reward early participants. First games are going live very soon, be prepared and join the Discord.
The testnet is currently, live on:
- zkSync 2.0 Testnet
- Arbitrum goerli
- Polygon Mumbai
- Fantom Testnet
Step-by-Step Guide:
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Connect your wallet: https://play.zkasino.io
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Request gas fees by clicking on this button.
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Mint some ZKUSD.
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Play the games using the testnet tokens
Links
About
ZKasino is the world's first gambling platform that does not require deposits or withdrawals. By keeping full control of their gambling funds; players can bet worry-free, knowing that their money is safe in their own hands. ZKasino has confirmed to launch an own token called “ZKAS” and has very high potential to do an airdrop. Early users who’ve done testnet actions on the platform may get an airdrop when they launch their token.
Activity Type
Date
TBA
Registration
Open
When Reward:
None
Event Status
Links