Stake and Play Mechanism
Randseed introduces a revolutionary "Stake and Play" model, offering users a unique way to participate in games while earning consistent rewards. Users can stake crypto tokens directly into game jackpots. This grows the potential jackpot winnings while providing stakers with daily "play bonuses" —— a stream of rewards that can be used to purchase game tokens. This innovative approach allows users to experience the thrill of the game and earn rewards without a direct monetary outlay for game plays.
Jackpot Information
| Daily 4 Comparison | |||
|---|---|---|---|
| Rand Ball Daily 4 | US Texas Daily 4 with FireBall | Japanese Numbers4 | |
| Top Prize Odds | 1/10,000 | ||
| Bet Type Selection | Not Required | Required | Required |
| Winning Sets | 12 | 32 | 3 |
| Payout Setting | 90% | 50% | 50% |
| Ticket Price | $1 for 6 Winning Sets, $0.5 for additional sets | $0.5 per Winning Set | $1.35 |
| Top Prize | Minimum $5000 (Progressive Jackpot) | $5,000.00 | $6,075 |
| Jackpot | Progressive, Pari-Mutuel | No | No |
Staking Terms
- Stake Lock-up Period: 7 days to 360 days (user chooses).
- Individual Stake Amount: Minimal 10 ICP, maximum 1,000 ICP, incremental of 10 ICP.
- Total size of stake pool: 30,000 ICP. New staking will be accepted only when funds are unstaked or the stake pool limit is increased.
- Stake Award: Stakers receive rewards as follows:
- 0.015% of their staked amount daily for staking locked for up to 30 days (equivalent to an annual rate of return of 5.475%).
- 0.02% of their staked amount daily for staking locked for 31-180 days (equivalent to an annual rate of return of 7.3%).
- 0.025% of their staked amount daily for staking locked for 181-360 days (equivalent to an annual rate of return of 18.25%).
This reward is deposited daily as a play bonus into the user's game account. Stakers do not receive bonuses after the lock-up period ends. - Use of Bonus: Play bonuses can be used to play games but cannot be directly withdrawn or transferred. Bonuses do not expire.
- Unstake: After the lock-up period, stakers can withdraw their entire stake immediately.
- Early Unstake: Unstaking is blocked for the first 7 days. After that, if you unstake before the lock-up ends, a penalty calculated based on your received bonuses will be deducted from your unstaked principal. The deduction equals: 80% of bonuses received (if staked < 180 days), or 50% of bonuses received (if staked >= 180 days).
Use of Fund
Sustainability and Revenue Model
Liquidity Measurement
Transparency and Security:
FAQ
1. Will the fund pool canister be managed or overseen by an SNS DAO?
2. Beyond ICP, are there plans to introduce staking pools for other tokens?
3. Could you please explain in detail how you implement and control the randomness for the game draws?