Lucky Roo: Bringing Gambling and Betting to the Crypto Market

GamblingVerse

August 29, 2022

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Cryptocurrency gambling is fast gaining widespread adoption thanks to its decentralized nature. Today, a large majority of online casinos and sports betting platforms are now accepting crypto payments & are using it as a selling point to grow their client base.

For a majority of gamblers and sports bettors, fraud and cheating is a major point of concern. Fortunately, blockchain technology is addressing a majority of these issues by introducing transparency, anonymity, and data security.

Lucky Roo, a new market entrant, is promising to offer unsurpassed anonymity & 100% confidentiality for players as they gamble away. In this article, we take a look at what kind of token Lucky Roo is, its mission, and everything about the project.

What is Lucky Roo?

Lucky Roo is an online casino and sports betting platform that’s aiming to take the online crypto and sports betting industry by storm. According to Lucky Roo’s whitepaper a large majority of gambling and casino sites aren’t transparent. They always hide their internal workings and business conduct.

According to Lucky Roo’s founder, Des Randall, Lucky Roo is all about creating the possibility of winning for all investors involved. Des’ idea is to create a unique gambling and betting platform that will directly compete against traditional online gambling platforms.

Helping Des bring this vision into reality are co-founders Deane Hager & Richard from Phantom Works. They will both oversee marketing, social media, and platform development. They will oversee and create online marketing strategies aimed at generating interest and promoting the brand.

Lucky Roo Token

According to their Whitepaper, Lucky Roo is not a MEME token. The team at Lucky Roo is committed for the long haul. Therefore, they are willing to change people’s lives by offering weekly Airdrops.

The token will launch on two separate blockchains; Ethereum and Binance Smart Chain. Both of these contracts will have giveaways integrated into them. Holders of the Lucky Roo token will have a chance to win weekly airdrops.

These weekly airdrops are designed to act as an incentive for holders to continue holding their token. It’s their hope that as more holders hold onto their tokens, their value will grow over time. Apart from weekly airdrops, users on both chains will also have the opportunity to stake their tokens.

Every chain transaction will attract a tax of 8% that’s broken down as follows:

Marketing: 3%
Liquidity: 1%
Treasury: 1%
Draw Wallet: 1%
Reflections: 2%

The contracts will also collect an additional 1% that’s going to be collected from every buy and sell over a 7-day period. The contracts will then automatically sell and liquefy the Lucky Roo tokens for Ethereum or BNB over a 7-day period for the Airdrop. What you receive will depend on which chain you will be using.

Project Tokenomics

The total supply of Lucky Roo is set at 10 billion divided as follows:

Liquidity: 40% (Locked for 5 years)
Burn: 35%
Reserve: 11%
Partnerships: 8% (Saitama & Phantom Works at 6% and 2% respectively)
Development Team: 6%

Roadmap

Lucky Roo’s roadmap is divided into four stages. Below is an outline of activities expected in every stage:

Stage 1

Whitepaper
BrewLabs audit
Certik audit
1K Holders
Staking
CoinMarketCap listing
CoinGecko Listing
NFTs & NFT staking
Development on Gambling platform
Influencer Marketing
Establishing part-time social media team
Weekly AMA video chats on Draw night

Stage 2

Register Corporate entity
Apply for Gaming License
5K Holders
5K Telegram members
DEX exchange listings
Extensive Marketing Campaigns
TikTok Influencers
Full-time social media tem
Weekly AMA Video chats on Draw Night

Stage 3

10K Holders
10K Telegram members
Website redesign
Growth strategies
Influencer Partnerships
Social Media Campaigns
Weekly AMA video chats on Draw Night

Stage 4

Release Slot machine and Poker gaming
25K Holders
25K Telegram members
Explore more casino opportunities
Additional Marketing campaigns
Social media influencers partnerships
Weekly AMA video chats on Draw Night

Lucky Roo Partnerships

Lucky Roo will be exploring partnerships within the gaming industry. So far, they’ve partnered up with Saitama and Phantom Works. They will also sponsor online Poker tournaments in a bid to achieve market exposure and enhance the brand. Some of the games that they intend to host include:

Live Poker
Slot Machine Gambling
Casino Games
Sports Betting
VR Casino

Their most ambitious project is to find a suitable location to build their crypto-only casino.

How to Receive Weekly Airdrops?

To be eligible for Lucky Roo’s weekly airdrops, you will have to do the following:

Hold a minimum of $500 USD worth of Lucky Roo in your wallet.
Log into the Lucky Roo dashboard and connect your wallet.

Every week, the contracts will randomly select three wallet holders from each chain who will be rewarded with the balance of the contract. The balance will be distributed as follows:

First Place: 60%
Second Place: 30%
Third place: 10%

Once this happens, the draw will automatically reset every week. The contract is automatic and there will be no need for any human intervention. Both token contracts are set to meet these requirements automatically.

Final Thoughts

Although Lucky Roo is still in the early stages of development, it’s showing a lot of potential. Today, Lucky Roo enjoys over 9,000 followers on Twitter with a majority of their followers showing great support for the project.