Crypto casino is just like the normal one, but more effective

Project cost money and any choices the team makes when it comes to spending it, become key for how it all pans out. We need to spend properly, not carefully, but properly. And the right people need it at the right time to be able to do their job and if that doesn’t happen the project will fail. ICOs are famous for showing incompetence with this and we had endless stories of millions vanishing into the void. It has a devastating effect on the crypto community and lost of trust in the whole ecosystem. To avoid this, we have not only thoughts of what funds goes where but also how to use the whole ecosystem to avoid human errors. This way, the community doesn’t have to worry about trusting us or any other team that comes in our place and, instead, just trust the math.

We are basing this on various features associated with the LUCKY.io that we mentioned in previous articles. To achieve this, we will be segregating wallets for each use case, making sure that there are algorithms in place that delivers the basic functions of each feature and, by default, distribute the funds accordingly. These are the sections that are critical to the project and therefore has in-built rules to make sure that these are added accordingly.

Team expenses

Before the project is fully DAO, the team will have to cover start up costs. However, unlike a centralised project, these funds are programmed to be a particular walled and cannot be altered by one single person without the approval of the community.

To start with, these are used for operational expenses and salaries for team members. Once the project is DAO same funds will be distributed amongst the thousands of people that are responsible for the operation of the tokens including stakers and validators.

Marketing budget

Right now the marketing budget comes from private individuals who believe in the project. We use this to get word out there and proof our concept.

Once this is done, there are another two stages to funds dedicated for marketing purposes which will be allocated from the general token fund and are used to promote the LUCK token and the LUCKY.io platform.

This is initially done in a centralised manner and allows authorised team members to spend it according to the needs. But even at this stage, the team is working closely with the community to get their opinion on how we should market the token.

Once the project reaches a full de-centralised operational stage, there will be less need for a full-scope marketing operation as a lot of the activities that are gone through a centralised team will be done thought the community members.

Developer incentive pool

LUCKY.io was built as a different type of casino where the players are also the house. By being a token holder of LUCK, the community members also have the stake of the winnings through the increased value of LUCK. This concept is applied throughout the whole operations, including the developer pool.

Developers will be able to create their own games, publish on LUCKY.io and be payed for doing so as well as getting a commission each time the game is played. By doing so, LUCKY.io can out-compete a regular online casino that needs to find developers each time they publish a game.

At LUCKY.io this is done through a Developer Incentive Pool, that is automated to give out a fee for publishing the game which is pre-approved by the team before going live on the platform. The last step will be automated at the DAO stages.

Affiliate referrals pool

This is used to pay affiliate referrals incentives for promoting the LUCKY platform. It allows us to grow fast and move in the right direction — the direction our community is moving in.

To achieve this in the best

Player transaction mining pool

This is used to payout players based on the amount they have played on the LUCKY.io platform — and making sure that the system of transactions works today, tomorrow and forever.

Please let us know what you think! We like to hear from you — especially if you are nice and funny!