Litepaper
Gambly.io Version 1.0
Last updated
Gambly.io Version 1.0
Last updated
Gambly.io is a DeFi gaming casino owned by Nextgen Virtual Gaming Group S.r.L, a registered gaming company in Costa Rica under ID number 3-102-900646. Gambly operates on the Ethereum, Bnb, and Solana blockchain.
In this whitepaper we will share details about our platform, and the future of Gambly.io
Gambly is an innovative platform that empowers any ERC-20 or Solana token to seamlessly launch its own fully developed casino. By simply entering the token's contract address on our website, users can activate an automated casino featuring multiple games, all tailored specifically to their token.
Gambly.io currently offers three PvP games: Rock Paper Scissors, Coinflip, and Poker.
We are committed to continuously improving Gambly.io, and in the near future, we will be adding more games to enhance the experience for our players.
With our token launch, Gambly.io has opened up a new opportunity to earn and share in the upside success of the casino. The main benefit for our token holders is to earn a share of profits from the platform.
There are further benefits and utilities for our token holders, including token staking, rakeback bonuses, and more.
Invite other players to join Gambly.io and earn a referral bonus based on their wagering amounts. Your earnings from the referral bonus will be in the same cryptocurrency that your invited players use for their bets.
Referral rate is 10%
The Bankroll System lets external investors contribute their tokens to each casino's bankroll, allowing them to share in the profits and risks of that casino. Each casino will have its own bankroll this model enhances the financial stability of each casino and encourages active participation from the community.
How It Works:
Contribution-Based Sharing: Investors contribute cryptocurrency, and their share of profits is based on their contribution to that specific casino.
Profit Distribution: Profits are distributed automatically based on net earnings, providing returns on investments for holders of the casino's tokens.
Gambly.io provides an enticing staking mechanism that offers substantial rewards for users who stake their $Gambly coins.
How it works
Earnings Share: Receive 40% of the casino's earnings as part of the house rake split.
Distribution: The distribution of these earnings is based on the amount of $Gambly you stake.
Participating in the staking program is a lucrative opportunity— the more $Gambly you stake, the greater your share of the rewards.
At Gambly.io we are committed to the long-term sustainability and value of our native tokens. To achieve this, we have implemented a strategic token burning system. This mechanism is designed to gradually reduce the total supply of tokens, increasing scarcity and potentially enhancing the value of the remaining tokens.
How It Works
Burn Allocation: 40% of the tokens collected from casino operations are dedicated to burning.
Burn Calculation: The number of tokens to be burned is determined based on the total wagers placed across our casinos, ensuring a proportional and impactful reduction in token supply.
Token Burn: These allocated tokens are permanently removed from circulation by sending them to a designated burn address, effectively reducing the overall token supply.
Gambly.io ensures a balanced fee split to benefit the community, support growth, reward referrals, and enhance token value through burns.
Gambly.io has a bright future ahead and along with its community:
More integration with other chains(Multichain is the way forward)
More exciting games to add to our casino.
More benefits to our holders.
Don't forget to gamble responsibly!
