Cyril - DeFi
Cyril - DeFi

@cyrilXBT

11 Tweets 3 reads Dec 23, 2022
You DON'T have to waste your time going to the casino anymore.
Gambling just got decentralized and powered by #Ergo
Here is what you DON'T know about Ergo's online casino :
#Ergo #erg $Erg #ergonuts
#Ergo 's capabilities will be used by Night Owl to redefine the casino industry using a novel strategy that will do away with centralization and incorporate openness & fairness as its primary principles.
By eliminating the central authority and letting the general public become "the house" and generate passive income, Night Owl aims to accomplish this.
Anyone can contribute OWL to a liquidity pool, which will serve as the games' funding.
The money will be taken from this pool and given to the user if they win at roulette.
If they lose, The payout is divided among the liquidity suppliers and added to the liquidity pool.
Casino games are designed with a slight house advantage.
over time, β€˜the house always wins.
Liquidity providers have the chance to earn passive returns using this strategy.
Wanna know the best part about these passive returns?
Brace yourself..
They are stable. This means that, there is zero risk associated with the loss of value of a token.
Developers made all of this possible by pegging Night Owl’s token, the OWL, to stable coins
Similar to the #ergo blueprint, Night Owl will not organise pre sales, IDO, team allotment, etc.
Fees deducted from game revenues are used to support the platform's expansion and growth.
Night Owl has given users a sneak peek of the the first four games that are going to be on the platform:
* Roulette
* Lottery
* CoinFlip
* Blackjack
Other #ergo projects are now being integrated into the mix and worked on by Night Owl.
Night Owl will also launch with integration to the wallets of Nautilus, SafeW, and Ergo Pay, allowing a user to choose any wallet of their choice.
Third-party developers will also have access to the Night Owl platform.
Just when you thought it couldn’t get any better.
Night Owl will encourage third-party development by letting creators keep a portion of the money that their game generates.
The #ergo team aim to expand into new gaming markets like P2P betting and sports betting.
Alright, that's it for #ergo 's casino
I absolutely love #ergo 's ecosystem. I have decided to cover #ergo more in the up coming weeks.
So if you enjoyed this please
Every Thursday I write about the communities top voted project. πŸ§ͺ
Did you enjoy the thread on #Ergo ?
If yes, I guarantee you'll find value in the type of content I curate every day!
Follow @cyrilxbt for more threads like this

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