white

paper

Executive Summary

The Game DAO is a unique crypto platform that uses blockchain technology to create fair and transparent lottery-style games that are driven by the community. Our goal is to change the way traditional lotteries work. We ensure fairness by making our Lotteries transparent and easily auditable. Our platform operates on the Binance Smart Chain. We use smart contracts to ensure fairness and security at every stage of the process.

Our platform is decentralized from start to finish. Participants can easily enter the lotteries using the BNB token, making it a seamless and global experience. When someone wins, the prizes are sent directly to their digital wallets, eliminating the need for middlemen and ensuring instant access to winnings.

As a crypto platform, The Game DAO has many opportunities for growth. We plan to partner with other decentralized applications (dApps) and blockchain projects to create exciting experiences and offer unique rewards.

In summary, The Game DAO is a crypto Lottery platform. With a transparent and secure approach, community-driven governance, and user friendly experience.

The Game

The game utilizes a secure smart contract in conjunction with Chainlink's latest VRF technology to guarantee fairness. These contracts perform routine checks on the state of the game, verifying that it satisfies a minimum player requirement. For daily Lotto, these checks occur every day, while for weekly Lotto, they take place every week. Once the criteria is met, the contract concludes the game and conducts a Draw using Chainlink VRF2. Following each game, a jackpot winner and up to 20 runners-up are selected through a verifiably random process, and winnings are immediately sent directly to the entry wallet.

A portion of every prize pool(20%) is allocated to the Open Fund Treasury, while another portion benefits staked NFT Holders who have hepled to streghten the position of the treasury. The Game DAO currently operates on the Binance Smart Chain. The entry costs are $1.00 and $3.30 on our Daily Lotto, and $5.50 on weekly Lotto. To enter the Lottery, users simply click the "enter" button, and the correct entry fee is automatically calculated. Once the transaction is approved, the player is entered into the Lottery.

The DAO

Within the DAO structure, users hold the power to formulate proposals and cast votes, actively shaping and influencing decisions related to charitable funds, grants, and DAO investments. This empowerment allows our community to play a central role in directing resources and fostering positive impacts.

Voting requires BNGX tokens. Whilst there is no minimum required to vote, users are required to be holding a minimum of 10,000 tokens to submit a proposal. Users can make proposals on different charity or web3 projects they want to support, and the community may vote for or against these proposals. A quorum of 40% is required for proposals to pass.

After a successful vote, any user has the authority to execute the proposal, leading to the direct deposit of requested funds into the designated address. Additionally, users hold the power to adjust various governance settings, including live voting quorum, minimum token requirements for proposals, voting time, and more.

Staking

Our staking feature is a significant value proposition within our platform. Staked users receive rewards in BNB, in exchange for empowering our DAO treasury through the purchase of our Membership NFTs. Specifically, 10% of every pot, after each lottery is concluded and winnings are paid, is distributed among staked members based on their ownership of Membership NFTs. It's important to emphasize that funds from NFT sales are directly deposited into the DAO treasury, contributing to its empowerment. These funds do not come to us. You can mint a Membership NFT HERE. Additionally, each supported chain maintains its own individual treasury.

The total number of Membership NFTs is 10,000 If a user is holding 1,000 pases, they receive: Number of passes x Total rewards / Total number of passes or 10% of all rewards. Each wallet can mint up to a maximum of 1,000 membership passes. Rewards are claimed via the staking portal which has a mimimum staking period of 21 days. The contract automatically requests to stake all tokens in the users wallet. This is to help calculate rewards owed to each user correctly, however users may transfer any tokens they don't want to stake to a seperate wallet before staking. Rewards due to tokens not staked are deposited to the DAO treasury.

Distribution

Membership NFTs are distributed as follows:

Bullion Labs will retain 1,000 Membership NFTs

1,000 Membership NFTs will be distributed among contributors

1,000 Membership NFTs for airdrops and distribution among early game players

7,000 Membership NFTs will be available to mintHERE

Governance Tokens are distributed as follows:

Governance tokens are required to vote or create proposals on either chain. Seperate governance tokens are required for each chain.

Max supply of BNGX:0xbda161E60c7d48f7A2eE5a98402035dBb2DaF257is 100,000,000. This is the Governance token for the Binance Smart Chain.

10,000,000 BNGX will be deposited to the DAO Treasuries.

10,000,000 BNGX will be witheld by Bullion Labs.Vesting till 2034. Vesting contract: 0x8f09c880ca21b23cf7504d0e9dff7b5d7f93817b(BNGX),

5,000,000 BNGX will be airdropped to early players and DAO members. Vesting till 2024. Vesting Contract: 0xd843758fc69130769e60715c3852951fe8bb5b61(BNGX)

5,000,000 BNGX will be distributed to contributors. Vesting till 2025. Vesting contract: 0xcfef0d66f8b54ef74a7ee1ab1d2d3c7b2dd50bed(BNGX),

70,000,000 BNGX have been listed on Pancake Swap. LP tokens have been burned. Burn TX:0xfa5c07c4e0af38bacb60b3139ca2c7ed6b6185cccb327ddd296650c4be3a0e8e(BNGX),