Recently, Unidice in collaboration with Midas Protocol has launched a gaming platform called Tomodice. This has been running profitably from Day 1 with the house edge of 3.8% of all bettings on the decentralized gaming platform using smart contract for bet settling.

During this time, the market for ICO, STO has been challenging with a lot more legal requirements and regulations. Unidice believes that they have found a solution for this problem.

Legally speaking, if Tomodice issues token to raise funds and share profit to the token holders, Tomodice will then be a subject of Securities and Futures Act because the characters of the token would fall into Collective Investment Scheme. Hence, instead of raising funds through STO, Unidice used a new route called THE METHOD TOMODOME.

Tomodome opened a preferred shares issuance under the form of 1 million pixels with 10K lots of 100 pixels, each pixel is one share, each lot is one Non-Fungible Token (NFT). The share lots are set up with ERC721 standard on Tomochain. By smart contract, we then can share earning from Tomodice directly to the owner of each land plot on Tomodome. This set-up also can help the owner to manage the asset like any other crypto using Midas Wallet, and easily trade this asset later on.

If this method can be linked with a tweak with DAO (Decentralized Autonomous Organization) Model, IPO will become possible and easily done on blockchain in the future. And this is part of our research for the development at Midas Foundation’s future fundraising model for startups.