Racoon.bet: Metaverse Gambling Platform
The gambling, NFTs, metaverse, and cryptocurrency industries have one challenge in common: interoperability. And the…
The gambling industry is one of the oldest and most profitable industries in existence today. Unfortunately, in the real world, the gambling industry faces a ton of obstacles that hinder it from operating freely.
Some of these obstacles include; increased regulation, lack of privacy, expensive licenses, & gameplay restriction. Makemake proposes introducing a virtual casino gaming metaverse where players can enjoy complete freedom and privacy, while businesses can run casinos with complete autonomy.
However, before we can go into the nitty-gritty of everything, let’s first take a deep-dive into Makemake.
Makemake is the first Web3 based metaverse casino gaming platform that rewards its users for participation. Its unique name, Makemake, has its origins in the Rapa Nui mythology. According to the Rapa Nui, Makemake is the god of human creation & reproduction.
The Makemake platform combines a series of elements such as P2E (play to earn), NFTs, DeFi, and Casino gaming in the Metaverse. The aim is to create a transparent, precise, and fairer Web 3.0 gaming platform.
Players on the platform can utilize a free to play mechanism to earn monetary rewards while investors can become stakeholders or even operate their own casino realm in the metaverse.
Some of the major features of the MK2 platform include:
AMD (Automated MK2 Dealer) is a mechanism that provides liquidity on the Makemake platform. It allows you to directly become a casino liquidity provider & an immediate stakeholder.
The DeFi (Decentralized Finance) boom has enabled the creation of various protocols such as Compound and Uniswap. These protocols have enjoyed massive growth and adoption giving way to the rise of DEXs. These DEXs have in turn enabled users to become LPs (liquidity providers).
Unfortunately, one of the pain-points of being an LP is the risk of impermanent loss. A large majority of LPs are afraid of going mainstream thanks to the wild volatility of the crypto market. The Makemake platform is seeking to change these dynamics by allowing money from gaming to be allocated to LP providers. In turn, making them stakeholders.
There are two kinds of rewards that you can earn on the MK2 platform;
Games within the MK2 metaverse will include sports betting and blockchain-based casino games such as blackjack, keno, football, basketball, slots, roulette, BTC price prediction, among others. MK2 will regularly hold game competitions, bonus prize pools, tournaments, etc. to increase traffic to the platform.
To play games on MK2, you will need to:
MK2 intends to release a collection of NFTs dubbed “realm NFTs.” This collection will contain 3,888 Genesis NFTs. These NFTs will help any holder govern the MK2 game sub-universe. By becoming an NFT holder, you can independently own an online casino as well.
MK2, otherwise known as the Makemake token, is the utility token that underpins the whole Makemake ecosystem. It runs on the Binance Smart Chain (BEP20). The total supply of MK2 tokens is 2.1 billion. You can check out token distribution on their official website.
Some of the utilities that can be derived from MK2 include:
The Makemake roadmap is outlined as follows:
Q1 2022: MK2 Project Approval
Q2 2022: Design
Q3 2022: Platform Development & NFT Release
Q4 2022: Platform Launching
Q1 2023: Cross Chain
Q2 2023: Blockchain L1 Deployment
Can the Makemake project simulate a fully functional multiverse casino free from real world obstacles? Only time will tell. In the meantime, if you’d love to know more about Makemake, feel free to check them out through the following channels: