Token ($CASINO)

The First Casino Token, Available on Ethereum and Binance Ecosystems.

About The Token:

Monte Crypto Token ($CASINO) is designed to be the utility token for a decentralized, houseless casino. This means that there is no centralized authority that is responsible for the mechanics of the casino, it is all handled by the blockchain and a network of smart contracts. The result is a casino with a reduced house edge and an ecosystem where new games can be developed and accessed via the monte crypto platform.

The token is available on Binance Smart Chain and Ethereum. The BSC section will host games for low to medium bets, while the ETH section will allow users to play games with larger gambles. There is a 0.5% tax on buys/sells of the token, but NOT on gambles (gambles are tax-free). This is to fund the chainlink VRF necessary for on-chain randomness and compensation for the creator of the token to develop new games and features for the platform. This is what constitutes the “house edge” which will amount to less than 1% across any of the games you play.

The total supply of the token will be 7,777,777 (seven sevens), of which 50% is locked into the initial liquidity pool. The remaining 50% is held internally in the house reserves contract, inaccessible by everyone including the token creator. This reserve contract serves as the means of paying winners on successful bets, and collecting the losing bets, serving as the decentralized house. On-chain funds are loaded into a contract that replenishes the balance of LINK for VRF automatically, so that the contracts themselves manage the casino house internally without the need for external action. Learn more here: Contract Architecture

Monte Crypto, the token creator, does not hold any of the token. In a decentralized ecosystem there is no room for a developer wallet, especially since any liquidation of such a wallet will result in a negative impact on the token price. All funds for development come from the small tax on buys/sells mentioned above to grow the ecosystem.

Holders of the token are capped at holding up to 4% of the total token supply as an anti-whale mechanism. Bet sizes are capped at specific limits depending on the network ecosystem you are using. To lift the limitation on bet sizes, the VIP NFT pass for high rollers can be purchased for 0.25 ETH. Learn more here: NFT Pass (♠BLACK)

The first game launched at the same time as the token is Monte’s Pot Luck. This will let users stake some of their tokens into a pot with the chance to win big. Over a period of time your entries will be tallied by the game contract, and when it is time the winners will automatically be drawn and paid. The UI is available on the website where you can see the pot size, previous winners, etc. Learn more here: Monte's Pot Luck

Once the token has achieved a necessary scale, casino games will be added to the website allowing players to gamble on normal games of chance with a reduced house edge. American Roulette for example is nearly 6% at a standard casino, while Slots can range from 6-20%. With $CASINO, the only house edge comes from token buys/sells. But with the increasing value of the token itself, this is negligible in the long term. See future Casino Games here: Casino Games