Not just another casino…
The purpose of this whitepaper is to be clear, direct and concise whilst being accessible.
It's simple. Hold and earn. Solace brings gambling to Discord in a way never done before — by building a casino within Discord, fully integrated with the Solana blockchain.
Months, 100s of hours of planning, testing & bug smashing have gone into this casino to produce an authentic, reliable and smooth gambling experience on Discord.
Bets are also provably fair, you can verify them using the provably fair button within the casino once your game is complete and a separate algorithm will tell you the expected output. If you need help interpreting this, reach out to staff.
Holding any amount of $CASINO will allow you to earn SOL passively, meaning that holding will let you break even without needing to sell. Holders will still make a profit in the process too. $CASINO will soon be integrated into the casino as an additional currency to gamble with.
The casino. The Solace vision is that the casino will not revolve around the Solana/crypto community but rather anybody and everybody, eventually the bot will be accessible to all sorts of servers, just like a regular Discord bot. ****
50% of the weekly casino profits will be proportionally distributed amongst each $CASINO holder — essentially like owning shares in a company. The more $CASINO you own, the greater your weekly gain. Each holder's claimable payout will be updated weekly and claimable every two weeks. We will send out alerts upon a payout being available.
25% of the weekly casino profits will be burned, and fees (0.01 SOL on withdrawals) will be used to purchase $CASINO and subsequently burn them weekly.
20% will go to the casino bankroll.
5% will be distributed amongst the Solace team.
The team will market the casino through numerous avenues, although holders will have a minor part to play in this — word of mouth. Holders recommending the casino to their friends/audiences will play a role in heightening exposure and encouraging more eyes to pay attention to/interact with the casino.
50% of house profits being distributed sounds like a lot; how Solace will avoid bankruptcy: