Thread by @Sykodelic_

🧵 Thread & $150 Giveaway!

🎲 Double Dice! - The Casino/Betting Disruptor!

A decentralised casino/betting/metaverse platform with unlimited opportunities, built on $DAG!

To enter the giveaway

🌟 Follow @DoubleDice_com(follow me if u want to)
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🌟 RT This

🧵👇

@DoubleDice_com INTRO 📽️

$DODI Is a decentralised gaming & betting platform that allows its users to create betting rooms & place bets, in a trust-less setting, eliminating the centralised authority, or what is more commonly known as the "House".

They've already been operating for 3 months.

@DoubleDice_com THE PROBLEM

The online gaming and betting industry was worth a whopping $250bn last year, with a year on year increase of 10%. That's Huge!

But as most who have placed bets before will know, the odds are massively against you. As goes the saying.. "The house always wins!"

@DoubleDice_com Players are at a serious disadvantage for a few reasons...

1. The house controls the odds
2. The house has all the knowledge and data
3. You are playing the house

Casinos and betting platforms have what is called "The Edge". And this is proven to be about a 2 - 10% advantage.

@DoubleDice_com The $DODI Opportunity

The evolution in what $DODI are doing here is the fact that there is no "House". No centralised authority controlling the platform.

This levels the playing field & creates a much fairer & transparent system that gives all players a much better experience.

@DoubleDice_com So. How does it work?

Being a decentralised platform $DODI is controlled by its users. Its main point of difference is that anyone can create what they call Virtual Floors(VF's).

A VF is basically a betting room where the creator of that room creates topics to bet on...

@DoubleDice_com The room can be created to place bets on any topic they like.

This could be traditional things like sports, racing etc. Or even reality tv shows, and which crypto token will increase in price the most over a period time.

$DODI say the only limit is your creativity...

@DoubleDice_com Users can then bet on an outcome of any given situation, without a centralised controlling figure(the house).

The massive benefit here is that users are only ever competing with each other. All users place bets, the platform totals it up, and winners are paid from the losers.

@DoubleDice_com Because of the removal of the "House", there is no unfair advantage anywhere. All players receive equal chance in the bets they place.

In short, $DODI have created the ability for anyone in the world to bet with each other, about anything, in a much fairer system!

@DoubleDice_com Creating VF's

To create a betting room(VF) a user needs to stake $DODI. The amount required is dependant on the length(min 12 mths).

Once the $DODI is staked, the now "game owner" can run as many games as they like.

The game owners then take a % of all bets for facilitating.

@DoubleDice_com Don't have enough to create a room?

No probs. $DODI token holders can stake their tokens into what they call lazy pools.

These tokens can then be used to create betting rooms, & the users who have staked their $DODI to make this possible, earn part of the profits from the rooms

@DoubleDice_com All of this provides great utility to the $DODI token.

As the platform grows more and more $DODI will be locked up in staking pools, creating very positive pressure on the price. The higher the price, the more successful the platform, the more users, the more staked = token 🚀

@DoubleDice_com Metaverse Casinos

In addition to the betting rooms $DODI are building decentralised metaverse casinos on the $DAG network.

These will be fully fledged Casinos where you can play a myriad of games against other users, again, with no "House".

See the DAGino they're building? 👇

@DoubleDice_com Disrupting casinos

The benefit for users with the removal of a centralised controlling authority can't be be over stated. The odds at traditional casinos are heavily weighted in favor of the house, and they control the bets.

Here, bets are controlled by users.

@DoubleDice_com This means that there are no set limits of odds or maximum winnings. Also, if no one wins a game/bet, the funds are returned to the user.

This will be the evolution of online gaming and betting, providing a fairer experience for everyone, with the same exciting outcomes.

@DoubleDice_com NFT Avatars

$DODI have invested a lot of time into producing in game Avatars as NFT's. They are currently developing the ability to customise your own Avatar and mint it on the blockchain... love that.

To note, minting an NFT is not required to use the platform.

@DoubleDice_com Using The Hypergraph

$DODI are currently running on Polygon while they wait for the full rollout of $DAG Mainnet 2.0.

$DAG's fee-less & infinitely scalable Hypergraph is the only network that can provide the bandwith they need to make this possible.

It's changing the game!

@DoubleDice_com Regulations

$DODI bypasses the need for regulation because its role in this is the provider of a tech stack that enables peer to peer betting. It doesn't operate as a house or take money from bets placed.

No KYC is required, you simply connect your wallet and play.

@DoubleDice_com So how do they make money then?

As mentioned earlier, the game owners that stake $DODI to create the game/betting rooms earn a percentage of all bets placed. $DODI take a 25% cut of this.

They may also explore advertising options in the future.

@DoubleDice_com Tokenomics

Main things to mention are the 20.5% future funding allocation and 37% burn.

The 20.5% can be unlocked to fund future development. They will then be burned once the company reaches revenue targets of $30m per year. In total, 57.5% of the supply will be burned.

@DoubleDice_com I've had a good chat with the founder of the project about the 20.5%. They are there as a back up to fund parts of the project if necessary, but there are no plans to use them.

So there is a chance of parts of them being sold, but they will all also be burned, regardless of use.

@DoubleDice_com CONCLUSION

$DODI are creating a much more immersive and fair gaming/betting experience, whilst alleviating the pain points on both sides.

The players get a fairer and transparent platform, with unlimited options and no restrictions. If no one wins, they get their money back.

@DoubleDice_com Game owners don't have to inject any funds into the bets/games because the losers pay the winners. It's risk free and easy!

And for the platform themselves, they have a unique offering that provides the users with a fairer experience!

I personally love it.

@DoubleDice_com $DODI is entering a multi billion dollar industry with what I think is what will be a superior product.

Its current Market Cap = $381,000!

$DODI is a micro cap and investing in those always comes with risk. Plz #DYOR before investing in this project.

@DoubleDice_com Thanks for taking the time to read this Deep Dive! If you enjoyed, make sure to RT it and follow me for content related to the $DAG network!

Nothing is #FA, im just a dude on the internet who is fascinated with crypto! 😉

@DoubleDice_com OFFICIAL LINKS

Website - doubledice.com
Twitter @DoubleDice_com
Whitepaper - doubledice.com/documents/doub…
Audit - doubledice.com/documents/Doub…