Doge Vegas: Free to Play Metaverse Casino Experience
Doge Vegas is a Virtual City built on top of the Sandbox Metaverse. It is…
If you are a gambling expert, then you’ve probably come across the phrase, “the house always wins.” It means that no matter what happens, casinos are always designed to make profit at the end. If you pay close attention, you’ll realize that most casinos are created with the intent of getting as much money as possible out of you.
However, one project is looking to dethrone casinos and bookies from the centralized role they have occupied for centuries. DoubleDice intends to introduce a decentralized version of gambling, where there is no house.
Is DoubleDice’s “no house” decentralized strategy a winner? Let’s find out!
DoubleDice markets itself as a “non-custodial pooled prediction markets protocol as a service” business. It intends to create entry into the predictions/gaming space by providing the means for users to create pooled prediction markets or gaming rooms. These gaming rooms or prediction markets are referred to as Virtual Floors (VFs).
The idea is to remove the risk associated with casinos and bookies to create a “no-risk, player only, pooled setup.” Casinos not only make sure that they always win, but they also write the very rules that participants have to play by. However, with DoubleDice, participants can participate in gambling or gaming environments without ever going against the house or casino.
DoubleDice only provides the technology stack (decentralized databases and smart contracts) to enable betting between players. DoubleDice doesn’t offer any products, rooms, or bets. Therefore, every participant can expect fair gambling or play.
All games on DoubleDice are between players and players alone. For users to gain access to this utility, they’ll need to stake the native token, $DODI. Afterwards, they can simply participate and make predictions within any VF they want.
Users place a bet or bets on one or more possible outcomes of any game. All the money is then collected and put together in a smart contract. When the outcome is finally realized, the smart contract automatically distributes the pool to all the winning players. Simply by utilizing a true-probability based risk-reward.
DoubleDice operates on a transparent, private, and cost-efficient methodology that delivers the best experience for players. It eliminates the capped rewards set up by casinos all while preserving the privacy of its users.
Some of the features of DoubleDice include:
$DIDO, otherwise known as the DoubleDice token, is the platform’s native utility token. With that said, $DODI is not a hybrid token. It will mostly serve the functionality of utility. For participating in the prediction markets, users will use a stable coin or any other whitelisted ERC20 token.
With that said, some of the utilities that you can gain as a $DODI holder include:
Since inception, the DoubleDice team has been working hard to ensure that they are delivering all they promised in the roadmap. With that said, here’s a quick overview of the project roadmap:
Research shows that most gamblers lose money on a regular basis. Turns out, the house is always turning a great profit from their gambling operations. Unless the players can achieve a high ROI, chances are they will eventually lose all their money.
DoubleDice is providing a transparent alternative where players go against other players with no one having an advantage over the other. Is the project good? Definitely. Only time will tell just how far they’ll go.
If you want to learn more about DoubleDice, feel free to find them through the following platforms: