[ANN] CasinoCronos.com - Casino Dex on Cronos
Hello Crypto.com enthusiasts — we’re announcing the launch of our DeFi product Casinocronos.com and our governance token Casinocronos.com Token (CASINO)
• Fair launch — $.001 starting price on 02/10/23
• The casino will launch with several games with more to come later. Roulette, Craps, Slot Machine, Blackjack, Dice, and Coin Flip.
• CasinoCronos.com token (CASINO) — a revenue generating governance token governing the CasinoCronos protocol on Cronos.
• Casino Pit token (xCASINO) — Deposit CASINO tokens to the Casino Pit to earn rewards. Every swap includes a .30% liquidity provider fee which is sent to the Pit Breeder, converted and used to buyback CASINO token, and raise the ratio of CASINO to xCASINO.
• Casinocronos.com — A unique mix of Defi products including ViperSwap, Bao Finance, and Uniswap. Casinocronos.com also boasts an online Casino where you can fairly gamble your earnings.
• On launch Casino with single player games like Blackjack, Craps and Roulette.
• Casino features a unique burning mechanism that sends 50% of proceeds to a burn address and 50% to the Casino treasury, ensuring constant upward pressure.
• Yield farming — stake WCRO/USDC, WCRO/CASINO, WCRO/ATOM, ATOM/CASINO, (please see below for future pool release schedule) The yield farming system incorporates a 90% locked / 10% unlocked token unlocking schedule.
• Emphasis on future pools for pairs with high volume on the Cronos bridge.
• Future development of multiplayer casino games including poker & craps
• Rewards start at block 6898882 at roughly ~4:00AM UTC 10th of Feb 2023 — Please farm responsibly
• Join our Discord Channel to connect with the community and the team: https://discord.com/invite/sfu6T3RBvN
1,000,000,000 max token cap with 90% of rewards initially locked. Tokens will slowly release starting approximately February 2024 over 1 year. We’ve built 4 treasuries to help development on CasinoCronos.com.
• Casino Fund— 5% of the tokens will be sent directly to the Casino to provide liquidity for Casino winners.
• Development — 4% of the tokens minted will be used for development (grants, bounties, and technology advancements).
• Liquidity Fund — 3% of the tokens minted will be used for additional liquidity for new pools and buy back/burns.
• Founders Reward — 2% of the tokens will be used for incentivizing the founders.
Pre-Mint CASINO tokens
The treasuries have their own unique unlocking schedule. In order to provide initial liquidity and a smooth Casino experience we will pre-mint 80 million CASINO tokens.
In addition to the 80 million CASINO tokens minted, we also have the option to mint an additional 80 million in the event of a CASINO liquidity shortage.
• 10,000,000 tokens for Development Treasury
• 30,000,000 tokens for Liquidity Treasury
• 40,000,000 tokens for Casino Treasury
The base emission for CASINO is 8 CASINO/Block which is 115,200 CASINO tokens per day before any multipliers.
90% of CASINO rewards are locked up until February 2024 and will slowly release over 12 months. Due to the lockup schedule, we are implementing a high bonus rate for early adopters and to help distribute our tokens.
The initial multipliers are as follows:
Week 1: x64 multiplier = 5120 CASINO tokens/minute
Week 2: x64 multiplier = 5120 CASINO tokens/minute
Week 3: x64 multiplier = 5120 CASINO tokens/minute
Week 4: x64 multiplier = 5120 CASINO tokens/minute
After the initial release month, the multiplier gradually decreases.
The multiplier schedule is on a week-by-week basis and can be updated and to fit the needs of the project.
• 40% fee if the user withdraws in the same block. (blocks ~ 2 seconds)
• 25% fee if the user withdraws under 1 hour.
• 15% fee if the user withdraws under 1 day.
• 5% fee if the user withdraws under 3 days.
• 5% fee if the user withdraws under 5 days
• 5% if the user withdraws under 2 weeks.
• 3% if the user withdraws under 4 weeks.
• 1% if the user withdraws after 4 weeks.
Games — Multiplayer Poker, Multiplayer Craps, Baccarat
Analytics site — Shortly after launch we will launch an analytics site where liquidity positions can be tracked.
Casino NFT’s that players can set as their avatar in multiplayer games.
Pool Release Schedule & Point Allocations
The schedule of the new pools are as follows:
02/10/23 — WCRO/CASINO, WCRO/USDC, WCRO/ATOM, ATOM/CASINO
2/24/21 — CASINO/xCASINO, WCRO/ETH, WCRO/BTC, ETH/BTC
3/3/23 — CASINO/DOGE & CASINO/ADA, DAI/USDC
3/10/23 — CASINO/MATIC, CASINO/LINK, LINK/MATIC
- more pools to be announced depending on bridge volume
Tables of Allocation Pools are below:
WCRO/CASINO — 55
WCRO/USDC — 5
WCRO/ATOM — 10
CASINO/xCASINO — 35
WCRO/BTC — 10
ETH/WBTC — 25
CASINO/DOGE — 15
DAI/USDC — 2
CASINO/MATIC — 20
LINK/MATIC — 15
Our smart contracts forked mostly from ViperSwap & Uniswap
UniswapV2Factory.sol, UniswapV2Router02.sol, UniswapV2SubGraph and other helper libraries
ViperSwap: Pit.sol, PitBreeder.sol, MasterBreeder.sol
Smart contract code is available at: https://github.com/elephantproject
Deployed contract addresses:
GovernanceToken (CASINO): 0x95ac4a86c0677971c4125ACe494e3C17a87a4C61
Casino Pit: 0x2c7e38eeB92F5402A6B43520a4d92F0fe4Cad1B1
Developer Treasury: 0xb837ca785b526037c572DCB98D77930115eC2d9D
Casino Treasury: redacted for security
Liquidity Treasury: 0xB0B5Aa9faB7186B7bB3986Bb7325007816F08Ed6
Founders Reward: 0x06e5f56652432E4aECfb568ca5ed9d7AE30A1BbA