Quick Summary
- Sunrise Gaming By DAO wants to change the old traditional ways of casinos thanks to its transparency on the blockchain, no central authority, and its DAO.
SUNRISE GAMING BY DAO is dedicated to making casino games decentralized as well as making all the games trackable on its native blockchain. The project has listed its native tokens ($SUNC and $xSUNC) on Uniswap in Aug 2021. They are just about to launch a beta version of Casino games soon.
related blog: Polker: The First Blockchain-Based Poker Game
What is SUNRISE GAMING BY DAO
The casino game from Sunrise Gaming By DAO is fair and non-fraudulent. All the operation is fully on the blockchain. Most other “blockchain” casinos use the blockchain only when deposits and withdrawals happen, when they use the lottery system, or when they show the results. However, there would be no blockchain casino that is fully operated on the blockchain like SUNRISE GAMING BY DAO. We think the blockchain casino should be completely operated on the chain.
Traditional issues
There are three traditional issues of traditional ways.
1. Similar to non-blockchain online casinos Using cryptocurrency only as deposit and withdrawal
2. The game’s fairness cannot be verified since the game itself is operated in a black box. The results are stored on the blockchain, while the game itself is not operated on the blockchain.
3. Delayed or invalid withdrawals (possibly theft).
The funds are deposited in a wallet owned by a centralized management team, and the numbers on the database will only change while playing casino games.
The solution
In order to solve the three traditional issues mentioned above, the project has developed solutions through their blockchain technology. Their first feature is transparency, meaning all revenue will be published on the blockchain and all results will be published on the blockchain. These include the user’s income and expenditures, which will all be published. This means that all of Sunrise Gaming by DAO’s revenue will also be published on the blockchain. The blockchain proves that the deduction rates and RTPs (Return to Player) can be seen by the public, and this means that Sunrise Gaming by DAO is not stealing profits, and shows transparency.
The project’s second feature is that there are no vested interests. Anyone can be an owner. SUNRISE GAMING by DAO is a decentralized service and an ecosystem where everyone has the opportunity to become a casino owner. Here’s how it works. All proceeds will be distributed 100% to SUNC Holders, NFT Owners, and Players. The aggregate breakdown is divided into four parts. (SUNC Holders 30%, NFT Owners 30%, Jackpot Games 20%, and DAO Bank Deposit 20%).
Finally, the third feature is, “Democratization and how important decisions are made by voting.” Important decisions will be done by a majority vote of the users who hold the SUNC token, which is the governance token for this project. 20% of the proceeds are kept in the DAO Fund and its use is also decided by voting.
Platform’s Tokens
- SUNC
By staking SUNC tokens in the V1pool, users receive xSUNC tokens as a reward which can also be exchanged for SUNC in the future. 30% of the revenue will be distributed by staking SUNC tokens in the V2pool. SUNC acts as a governance token and SUNC token holders can vote on all management decisions. By staking SUNC tokens in the V3pool, users can participate in the lottery for the right to purchase different NFT SUNC Table Owners.
2. xSUNC
xSUNC tokens are to be distributed as bonus tokens to the community. These tokens can be exchanged for SUNC after one year or after the gaming officially opens (whichever comes first). By staking xSUNC in the V2pool, it will take 6 months to replace all that has been staked into SUNC tokens (once you stake in the v2pool, you will not be able to withdraw your xSUNC). Those who cannot wait for the SUNC token exchange that will take place 6 months after, can sell it over at UNISWAP.
3. SUSD
A stable coin that is exchanged 1:1 peg with $USDC (ERC 20).
Tokenomics
Total supply of SUNC, our main token is 8,000,000,000. The allocation is as follows.
Founder : 12.5% (1,000,000,000)
Developers : 12.5% (1,000,000,000)
Marketing : 20% (1,600,000,000)
AMM : 5% (400,000,000)
Presale sales : 20% (1,600,000,000)
Community Bonus : 30% (2,400,000,000)
Roadmap
Q2 2022
“Launch of SUNRISE GAMING beta version”(Roulette, Baccarat)
V2 Staking Pools Opening
-Distribution of USDC for the revenue from project games
-Single SUNC & SUNC/ETH LP Staking
V2 xSUNC Pools Opening
Q3 2022
“Launch of SUNRISE GAMING Ver. 1.0”(Black Jack, Poker, Craps, Sic Bo, Casino War)
Q4 2022
“Launch of NFT MarketPlace, Auctions and INO”
NFT MarketPlace Version 1.0
NFT Auctions
INO Platform Version 1.0
V3 Staking Pools Opening – SUNPower
Follow Sunrise Gaming By DAO: Website | Twitter | Telegram | Discord | Medium | YouTube |
more to read
Meta Places: Luxury Properties In The Metaverse
Join This NFT Project And Save Majestic Platypuses
Becoming a Virtual Landlord and Buying Virtual Real Estate
Follow NWN: Twitter, Instagram, Telegram, Tiktok, Youtube, Twitch
sources: sunrisegaming-dao, twitter
author: Rene Remsik
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
