SUNRISE GAMING BY DAO is dedicated to make casino games decentralized as well as make all the games trackable on its native blockchain. We have listed our native tokens, $SUNC and $xSUNC, on Uniswap in Aug 2021. We are about to launch the beta version of Casino games soon.
What Is SUNRISE GAMING by DAO?
Our casino game is fair and non-fraudulent. All the operation is fully on the blockchain. Most other “blockchain” casinos use the blockchain only when deposits and withdrawals happen, or when they use the lottery system, or when they show the results. However, there would be no blockchain casino that is fully operated on the blockchain like SUNRISE GAMING BY DAO. We think the blockchain casino should be completely operated on the chain, and we believe SUNRISE GAMING BY DAO will change the online casino industry.
Traditional Issues
There are three traditional issues, as shown below:-
- Similar to non-blockchain online casinos
Using cryptocurrency only as a deposit and withdrawal - The games’ fairness cannot be verified since the game itself is operated in a black box.
The results are stored on the blockchain, while the game itself is not operated on the blockchain. - Delayed or invalid withdrawals. (Possibly theft)
The fund is deposited in a wallet owned by a centralized management team, and the numbers on the database will only change while playing casino games.
Our Solution
To solve the three traditional issues mentioned above, we have developed the solutions through our blockchain technology. Our first feature is Transparency. All revenue will be published on the Blockchain, and all results will be published on the blockchain. These include the user’s income and their expenditures, which will be published. This means that all of Sunrise Gaming by DAO’s revenue will also be published on the blockchain.
The blockchain proves that the deduction rates and RTPs (Return to Player) can be seen by the public, and this means that Sunrise Gaming by DAO is not stealing profits and shows transparency.
Our second feature is that there are no vested interests. Anyone can be an owner. SUNRISE GAMING by DAO is a decentralized service and an ecosystem where everyone has the opportunity to become a casino owner. Here’s how it works. All proceeds will be distributed 100% to SUNC Holders, NFT Owners, and Players. The aggregate breakdown is divided into four parts.
SUNC Holders 30%
NFT Owners 30%.
Jackpot Games 20%.
DAO Bank Deposit 20%
Finally, the third feature is “Democratization and how important decisions are made by voting.” Important decisions will be done by a majority vote of the users who hold the SUNC token, which is the governance token for this project. 20% of the proceeds are kept in the DAO Fund, and its use is also decided by voting.
3 Main Tokens
By staking SUNC tokens in the V1pool, users receive xSUNC tokens as a reward which can also be exchanged for SUNC in the future.
30% of the revenue will be distributed by staking SUNC tokens in the V2pool.
SUNC acts as a governance token, and SUNC token holders can vote on all management decisions.
By staking SUNC tokens in the V3pool, users can participate in the lottery for the right to purchase different NFT SUNC Table Owners.
xSUNC tokens are to be distributed as bonus tokens to the community.
These tokens can be exchanged for SUNC after one year or after the gaming officially opens. (Whichever comes first)
By staking xSUNC in the V2pool, it will take 6 months to replace all that has been staked into SUNC tokens. *Note* Once you stake in the v2pool, you will not be able to withdraw your xSUNC.
Those who cannot wait for the SUNC token exchange that will take place 6 months after, can sell it over at UNISWAP.
A stable coin that is exchanged 1:1 peg with $USDC (ERC 20)
Tokenomics
The total supply of SUNC, our main token, is 8,000,000,000.
The allocation is as follows.
Founder : 12.5% (1,000,000,000)
Developers : 12.5% (1,000,000,000)
Marketing : 20% (1,600,000,000)
AMM : 5% (400,000,000)
Presale sales : 20% (1,600,000,000)
Community Bonus : 30% (2,400,000,000)
Roadmap
Q2 2022
“Launch of SUNRISE GAMING beta version”(Roulette, Baccarat)
V2 Staking Pools Opening
-Distribution of USDC for the revenue from project games
-Single SUNC & SUNC/ETH LP Staking
V2 xSUNC Pools Opening
Q3 2022
“Launch of SUNRISE GAMING Ver. 1.0”(Black Jack, Poker, Craps, Sic Bo, Casino War)
Q4 2022
“Launch of NFT MarketPlace, Auctions and INO”
NFT MarketPlace Version 1.0
NFT Auctions
INO Platform Version 1.0
V3 Staking Pools Opening – SUNPower
Source: https://www.cryptonewsz.com/sunrise-gaming-by-dao-to-make-casino-games-decentralized/