Preselected questions about the Double Dice DeFi project.

Jonah 🏅🎹 | satoshi club:

Q1 from telegram user @orlemys

Gaming and play-to-earn projects are very popular right now, however, being a casino/betting platform comes with its own set of challenges. So, i’d like to know specifically, how are you dealing with the legal and regional restrictions? Have you already finished these matters? Can we trust that the platform will run smoothly, long-term? Also, is it available to all global communities?

Vk_cc:

Crypto for crypto gaming remains an unregulated space as you can see from the success of bitcoin.com casino games (best crypto & bitcoin casino – powered by bitcoin.com) and new projects such as decentral games. Doubledice will be launching similarly in the unregulated landscape.

Let me drop an infographic we use here

Paul mont | satoshi club:

So, if i’m interpreting the infographics, right the market potential is darn huge 😉

Vk_cc:

It is massive.

While we will start with in the unregulated space, the team does have experience in successfully receiving regulatory licenses, so as and when needed or if we would choose to we can get one within 4 months time.

Paul mont | satoshi club:

Yes, factually regulators have kind of been on the sidelines regarding crypto. As soon as the regulatory environment becomes clearer, crypto actors will adapt and double dice in the meanwhile will have a potential first mover advantage 🔥

Jonah 🏅🎹 | satoshi club:

Yeah. Very huge. It’s almost all the world

Vk_cc:

The numbers that are available to us are only from the centralized world

It can actually be an order of magnitude higher when doubledice delivers the products and infrastructure that appeals more to the millennial+ generation. They are simply not interested in playing against a house. Well at doubledice there is no house

Its a growing demographic that has a vastly different value set. The legacy centralized gaming establishments just dont match with it

Paul mont | satoshi club:

I concur 😊

Vk_cc:

Couldnt have said it better 😊

Paul mont | satoshi club:

Thank you for the comprehensive answer @vk_cc😉

Paul mont | satoshi club:

Ready to move to the next question?

Vk_cc:

Absolutely. Bring it on

Jonah 🏅🎹 | satoshi club:

Q2 from telegram @nataliyakil

Project is backed by well-known industry veterans such as darkpool liquidity, skyvision capital, axia8 ventures, polygon, njoi and zion capital. What attracted them to doubledice? I also learned that doubledice is working closely with the constellation and lattice. So, what impact did these backings have on the development of doubledice and what will happen soon thanks to them?

Vk_cc:

We are thankful to all the backers of the project. The key attractiveness of doubledice is that we are bringing a very novel pooled betting infrastructure to life which is going to deliver real and tangible benefits to the gamers/players. This tells them that the players are very likely to stay with the platform when they realise the tremendously beneficial risk-reward paradigm we offer as against the classical centralized casinos and odds-makers provide.

Moreover, the unique go to market, where we are creating opportunities for people to open up their own rooms and bets is got them quite excited. Doubledice really is the #creatoreconomy meets gaming. Imagine if you are an influencer or a celebrity or a NFT project or just any project with a sizable following/network. Today you can only monetize the followership and network through your core product. But doubledice is going to allow them to open up the rooms, engage with their communities in a meaningful manner and get an additional source of income at the same time.

Jonah 🏅🎹 | satoshi club:

Double reward stream for them 👏 I believe this model of yours will also attract more partnership

Vk_cc:

Yes. This is actually the crux of what we are building. Bringing the creator economy to the gaming space and allowing everyone from individuals to large projects use what we are creating

Doubledice has always had the ambition of being a multi-protocol deployment to ensure that the benefits can reach as many users as possible. It is during the exploratory talks with the finding teams of various solutions that we met the found team at constellation. Having learnt more about the l0 approach they have it became clear to us that with a single deployment on the constellation l0 we would be able to achieve the ambition. Combing that with the global liquidity pool it was a no-brainer for us 😊 we have received much love from the constellation community and that has made us work even harder and focus more.

Yes an additional one in any case. Just think of a stand-up comedian with thousands of followers. Today he earns only with streaming rights or ticket sales to shows. Well now he can have another source of income 😊

Paul mont | satoshi club:

That’s a very compelling case, i would definitely try to seize the opportunity 🤩

Paul mont | satoshi club:

By the way, you mentioned influencers and celebrities… Do you already have a go to marketing strategy to get influencers to join on the platform?

Jonah 🏅🎹 | satoshi club:

👏😁 everything about doubledice comes double indeed including the rewards

Vk_cc:

Are you a stand up comedian as well? 😅

Paul mont | satoshi club:

Haha, i wish i were, it’s definitely a dream in the drawer as they say 😂🤣

Jonah 🏅🎹 | satoshi club:

He probably will like to be one now 😂

Paul mont | satoshi club:

You know being like chris rock, i wouldn’t mind lol

Jonah 🏅🎹 | satoshi club:

Some dreams do come true

Paul mont | satoshi club:

But i’m sure he would consider double dice as well, given the amazing premises you’ve just laid out @vk_cc:dd 😉

Vk_cc:

Yes, the use case i mentioned actually is the use case for one of our backers (the comedian one). Other backers have investments and affiliations with NFT and gaming projects which we will look to bring on board. We are also attracting direct attention from quite a few influencers. So we do see this as an “easy sell” as they know the rewards they stand to reap from collaborations.

Its not really that far fetched to imagine that people will actually “go to work” in the rooms they create

Paul mont | satoshi club:

Satoshi clubbers, this sounds like an amazing opportunity boys & girls! 👆🔥🚀

Thank you for the clear answers! Are you ready to proceed with the next question or do you want to add something else?

Vk_cc:

Yes sure

Jonah 🏅🎹 | satoshi club:

Q3 from telegram user @itsmelissa3

Dodi is the doubledice ecosystem token. What use cases does the dodi token fulfill within the ecosystem? Will this token be used for doubledice’s governance functions? Will fees within the dodi ecosystem be paid in dodi tokens? Is there a discount on the fees for dodi token holders? What benefits do dodi token holders receive and how many tokens do we need to have to receive those benefits?

Vk_cc:

This is an easy one, as i can simply copy paste a slide from our pitch-deck 😊 makes for great reading but even better is the utility the token holders will get out of them and their incentives to continue holding them are immense.

Users will get reduced fees at 2.5m and no fees at 7.5m token

We also have 37% of all tokens as yield, which brings buyers and gamers that are “invested-in-our-success”

The entire percentage held for yield will be given out if the platform goes to the target size of $30m in revenues (fees generated from contracts)

• yield can only be obtained over 24 months from launch

Jonah 🏅🎹 | satoshi club:

What will be the percentage reductions respectively?

Vk_cc:

Dodi lets users open their own contracts/rooms when they hold 10m tokens

Threshold holding of tokens to open your own contracts (make your own games, private tables, etc.).

Dodi also enables sponsored branded rooms for collaborations with projects/communities for NFT/gaming/crypto space as well as influencers/celebrities, when they hold 100m tokens

Users will get 33% reduced fees at 2.5m holding and zero/no fees at 7.5m token holding

Paul mont | satoshi club:

Nice, i’m reading thourgh the slide and i find lots of great ideas! I especially find the “sponsored branded rooms” concept very appealing guys… Don’t think i’ve stumbled upon anything similar so far, it’s very original

Vk_cc:

No its not out there. This is why we have an extremely unique go to market, where our partners and collaborators will want to have their rooms with us and make some money 😊

Jonah 🏅🎹 | satoshi club:

Great model 👏

Vk_cc:

Let me share something here

Jonah 🏅🎹 | satoshi club:

Go ahead

Vk_cc:

[ gif table ]

See here a mock-up of what a collaboration led branded room could look like. If it is an NFT collaboration, people can actually buy sell bid etc on the NFTs at the same time they are playing games with the project teams.

Paul mont | satoshi club:

Nice, it reminds me of my college days playing endless poker nights. Such fond of those memories haha 😁

Vk_cc:

Yes, but note the   ribbon on top. That was definitely not there 😉

Paul mont | satoshi club:

You’ve found your next customer 😁

Jonah 🏅🎹 | satoshi club:

Oh awesome

Paul mont | satoshi club:

Do you also have a tokenomics paper available that you can share with our satoshi club community ?

Jonah 🏅🎹 | satoshi club:

I’ve never imagined this two being combined at the same time

Vk_cc:

Yes of course. The whitepaper, pitchdeck and tokenomics can be found at https://doubledice.com/project-info/

Vk_cc:

The tokenomics within that page is at https://doubledice.com/wp-content/uploads/2021/09/doubledice-tokenomics-20210528.pdf

Paul mont | satoshi club:

Thank you very much @vk_cc for sharing this – crystal clear!

The next question is knocking at the door – i’m actually very curious to know what your answer will be 😉 Are you ready?

Vk_cc:

Go ahead

Jonah 🏅🎹 | satoshi club:

Q4 from telegram user @victorogb

It is stated that double dice will offer users the ability to choose virtual floors (vfs) through which they can conveniently participate in all their gambling related activities. For someone trying to get in-terms with the complexities of your service, can you kindly elaborate on the virtual floors feature, what are their primary purposes, what kind of vfs are available on double dice and how can user’s swiftly navigate and use them? Also, since users are expected to commit funds into the vfs, can we know how such funds are utilised, and what is the minimum fee required for this operation?

Vk_cc:

There are a few questions within this 1 question haha. Virtual floors are simply an internal terminology to define any game or bet. A roulette room is a vf, a sports bet is also avf

To explain conceptually we then also used it within the whitepaper

So now if that was clear, the way the users would be able to create their own vfs (lets say sports bet for example), the would enter through an admin panel kind of page where they can select different variable, input required parameters like which sport, game, opponents etc

Then they add the potential outcomes of this bet that the other users can bet on. And voila a page with a specific link will be created for them to share within their network

Moreover, we will also have a lobby view. So if you are just looking to join whatever takes your fancy, you dont need to open a room. You just join any open rooms created by others

Our focus is on the ease of use for the user and effective deployment of all rooms/bets in a easy to visualise and engage format

And so to the final part of the 3 part question 😅 committing funds to vfs means placing your bets actually 😊 since it is a pooled betting setup all the bets are pooled and distributed to the winners.

Paul mont | satoshi club:

Beautiful, that was a complex question, thank you for addressing all the various points 😁

Vk_cc:

Our pleasure 😊

Paul mont | satoshi club:

Explanations are greatly detailed 👏

I have a personal curiosity though – what is coming next in your roadmap? And also, what are you most excited about of what’s coming?

Vk_cc:

We get excited easily to be honest 😂

Hitesh varma:

Haha, i was also going to say that

Paul mont | satoshi club:

Haha, i can picture that hard work can also bring great joy 😉

Hitesh varma:

Its an exciting project from ground up

Vk_cc:

It has been an amazing journey this past few weeks. We have completed our seed round a couple weeks back. We are closing the private round tomorrow. And then we will be announcing the launchpad details on the 28th

The token should be listed on uniswap/pancakeswap by the middle of november

Product wise we are very excited to bring sports betting and political races in the next 3 months

Paul mont | satoshi club:

And please keep us posted with the ido news – i’m pretty sure many here will be looking forward to knowing the requirements needed to join 😉

A-ha, this is another key date – save the date satoshi clubbers! 📅🔥

Hold your horses!  We will be asking more about it with the next question 🙂

Vk_cc:

We are holding another ama with lattice team on the 28th when we will announce the details. Make sure to follow us on twitter and join our tg community to learn it as fast as we put the new out 😉

Jonah 🏅🎹 | satoshi club:

Q5 from telegram user @billz120

It caught my attention to know that doubledice as an all games with best user experience incorporated as it’s features, sports betting, political betting dice, card, and casino games, etc. Now my simple question is, how exactly do you mean on political betting? What kind of political related discourse does your ecosystem makes bets on, is it the same secular political issues or another one could you please explain to us?

Hitesh varma:

Any political race for which the results can be independently verified through publicly available resources can be set up into a political race. As you see in the picture here the users will be able to bet on who wins and by how much.

There can be other versions of the political races wherein people are betting on the number of seats a specific party gets, etc. It will all be run on the pooled betting infrastructure

Moreover, the earlier bets get a higher return. See we will show the crowd wisdom to everyone when they come in, so the later you bet the better idea you have as to who is likely to win based on the news, etc. + the visualization of the actual bets made on the different possible outcomes of the political race

Paul mont | satoshi club:

So users will be able to bet on any political race? E.g. Brazilian presidential elections or also maybe regional elections in denmark, when the time comes?

Vk_cc:

As long as someone made a bet/room for it 😊 It will be user led

Hitesh varma:

Correct.

Jonah 🏅🎹 | satoshi club:

Will users have a say on what political races to include? Oh i get it

Paul mont | satoshi club:

Gotcha, that’s very empowering guys!

Hitesh varma:

Yes, user led. You can make a vf for your own local political race

Vk_cc:

I think its starting to come together what we mean by creating the gaming multiverse and letting users make money from it 😉 We simply provide the infrastructure, tech stack, smart contracts and template

Its the token holders who will create the rooms/bets and get the ball rolling

Think of it like youtube

Jonah 🏅🎹 | satoshi club:

Yes it is becoming more and more clearer to me and i’m sure it’s same for our members following the ama

Vk_cc:

Users create videos, increase their viewership and make money

Hitesh varma:

WordPress for gambling 😄

Paul mont | satoshi club:

I can see what this means – it’s just …gigantic haha

Hitesh varma:

Exactly. Many possibilities

Vk_cc:

Here they make rooms and bets and make money

Jonah 🏅🎹 | satoshi club:

Great job guy’s 👏

Paul mont | satoshi club:

Great, great! Thank you very much! This is the last question for this very first part of the ama, then we’re heading into the live part of the session 🚀

Vk_cc:

Thanks, the whole team is very proud of what we are making here

Jonah 🏅🎹 | satoshi club:

Q6 from telegram user @kathdm

I read that doubledice uses the no-house casino methodology. According to your own perspective and experience, why do you consider that the no-house methodology is more beneficial compared to the house methodology? What are the exclusive advantages and benefits that doubledice offers by eliminating the house?

Hitesh varma:

Check out the 2-minute video bringing this out at www.doubledice.com  Lets take an example:

The no-win looting is a shocking tactic that the punters of today have to deal with. Look at the scenario where in a game of roulette, the punters are putting money on all possible variations. In the event that no one gets it right, the casino or the house simply takes away all the money bet.

On the other hand the winnings in the same game of roulette are capped for any user with pre-determined multiples e.g. 35x for a correct number (whereas true probability wise it should be 36x/37x). The rewards for a correct bet are never based on true-probability and the risk-reward that should actually be reflected in those odds.

Lets say there were a $1000 on the table and you were the only one to get it right with a 13-black or 14-red, at doubledice you would get the $1000 and not the $35 you would have at the casino. On the other hand when no one gets it right we just return the bets to the players. That’s crazy change in risk-reward.

Paul mont | satoshi club:

That’s crazy beautiful guys – straightforward example!

Hitesh varma:

Thanks

Vk_cc:

And that same mechanics are applied to all pooled betting versions

Paul mont | satoshi club:

The fact the playing against the house had always uber unfavorable used to drive me crazy in the past lol

What you’re trying to bring is an apparent paradigm shift 🤩

Hitesh varma:

A complete shift. In favour of the punter

Jonah 🏅🎹 | satoshi club:

And a very exciting one

Paul mont | satoshi club:

Any betting user would shift to double dice upon reading this – it’s just fairer, transparent and just… 1000x better haha 😁

Vk_cc:

Hahaha so true.

The community needs to help us spread the word, hold the tokens, reap the yield and make money during the entire process by making their own rooms/bets

Hitesh varma:

For sure the advantages are there. This has been built only because we have physically faced the same challenges ourselves

Paul mont | satoshi club:

Thank you very much for the clear answers @vk_cc  

@hiteshvarma & @zduniak!

You’ve been truly superb so far! Wonderful answers! 😉

Vk_cc:

Cheers

Hitesh varma:

Thanks

Paul mont | satoshi club:

Let’s proceed with the live segment of the ama. Time to interact with our community members 😁

Vk_cc:

Alright. Lets go 🚀

Paul mont | satoshi club:

Before we get into the live part, would you like to share your social and community channels link?

Vk_cc:

Telegram https://t.me/doublediceofficial

Twitter https://twitter.com/doubledice_com

You’ll need to get on both for the goodies 😉

Jonah 🏅🎹 | satoshi club:

Thank you for sharing..

Paul mont | satoshi club:

I’m there already, i highly suggest anyone here to do the same 😁

Now, the time has come for the second and most impressive part of the ama. A flurry of question is about to be unleashed! 🌪 i hope you are you ready guys 😁