Decentralized Gaming industry

Invention of Ethereum may be seen as a Milestone in crypto industry, that created new potential in crypto, and that are decentralized applications. Dapps on Ethereum blockchain are in development since then, and a decent number of dapps is developed, as well as new platforms for development of decentralized applications, such as Steem, Tron, EOS, Ziliqa, NEO, which also have a number of dapps on their blockchain.

Decentralized applications offer all advantages of blockchain in an application that could be used by users. Security, transparency and stability are the main advantages seen by users, in a peer-to-peer environment, compared to server client architecture. Gaming is one of the industries that has a great match with dapps on blockchain, since transparency and provability are very high, and pre-determined, which is of great importance for users. Compared to casino industry, where house decide on reward distribution based on their calculations, and rules are not clearly communicated with users, with a fact that rules can be changed without notice in case that this is favourably to the house. Gaming on blockchain has clearly stated rules that cannot be changed without notice, and all changes are transparent and immutable.

Dabanking https://dabanking.io/# is one of the projects, developed by a team of experienced blockchain programmers, that wants to deliver gaming on top of ETH blockchain. At the moment, they have one developed dapp product FomoJackpot, with FomoGame group of products, but they also plan to develop Dice and Duel modules. Countdown clocks are foreseen, Green watch that will count down in each round from 48 hours, with each ticket adds 30 seconds when the clock is below 24 hours, but addition could not be greater than 24 hours. Gold watch is set on 48 hours, but start counting down only in case that prize in following round is greater than in previous round. Start of Gold watch is the signal for price of the ticket to increase. There will be different prize pool and divided to diamond chest, ruby chest, gold chest, silver chest, drawer prize and 20% for the next round. Random dialling system is in place for winner selection, and six winners are selected. Dialling algorithm is clearly stated in the whitepaper.

DAA token, as an ecosystem token for Dabanking, has a maximum supply of 20 million, and these tokens are exploited when users are buying tickets for FomoJackpot. Mining process has ten stages with ten rounds per stage, and after each round difficulty is increased, with a table provided in whitepaper for stage 1 – https://dabanking.io/static/whitepaper.pdf. Each round maximum number of DAA tokens is 200 thousand.

In addition to gaming, dividend payments are foreseen as a mean of passive income, and will contain 10% of all ETH purchased in FomoGame. Dividend is paid bi-weekly, with 70% paid equally to all accounts that have frozen DAA tokens and 30% added to next two week pool.

Roadmap foreseen introduction of game in Q2 2019, and Q3 will bring listing of DAA tokens on exchanges, while Q4 will bring swap between DAA and DAB tokens, and addition of new games in the application. 3 million user milestone is needed for official launch of Dabanking blockchain.

Project website: https://dabanking.io/#
Project whitepaper: https://dabanking.io/static/whitepaper.pdf
#Dapps #DABANKING #FomoJackpot #Blockchain #ETH

Author: https://bitcointalk.org/index.php?action=profile;u=1573369