A Critical Look at the Gaming Industry, and How Ridotto Was Born
From slot machines to roulette tables, a traditional casino might seem like a great place to make some extra money, but apart from the great shows and the refreshing beverages, it offers little: The odds of winning on a typical slot machine are so slim, they might as well be considered miraculous. According to Investopedia, the odds of actually winning the top prize can range from ⅕ thousand to 1/34 million, meaning that for each individual that wins, 34 million must hand over their hard-earned money in order to prop up the casino.
Although extremely profitable to centralized ownership, Ridotto’s co-founders believe this model to be outdated and limited by the casino-customer disconnect. Any potential trust instilled by a shared love of gaming is shattered by the all too cynical reality of the casino industry. Rigged game probabilities and dishonest business practices conspire against patrons to separate them from their funds in the least amount of time possible. The result is insurmountable and disproportionate disadvantage for the unsuspecting gambler, who until now, has known no better alternative.
Ridotto: A Better Alternative
Enter Ridotto, which challenges this greed-based business model and proposes something better: The next generation of trustless, community-driven casinos.
It all began when, disillusioned by their chances at winning a scratch lottery, Ridotto’s co-founders Mohammed Marragh and Fayrouz Benstella decided to be the change they wished to see in the world and lead the charge for a better and more transparent gaming experience.
Through their vision, Ridotto plans to deliver never-before-seen gaming and lottery features to its patrons and fundamentally re-imagine the joy of gaming, stripped away of centralized inefficiencies. Through the Ridotto protocol, users can play, build and even fund casino games, making our platform the single most robust to come to market. In this way, Ridotto will break down the traditional boundaries that separate casino owners from players, and instead elevate the player to the position of “house.”
A Trustless Alternative
With industry-standard casinos, by virtue of lack of choice, players are cornered into believing that dealers, machines, and other casino mechanisms are not stealthily working against them. By contrast, as a DAO, Ridotto has inbuilt integrity that guarantees user safety. It can be said to be trustless, because users have no need to trust Ridotto; it’s integrity is readily verifiable because it is open-source and distributed on the blockchain.
To ensure integrity of Ridotto games, updated and precise game metric data like winning rates, probabilities, and all other information that would normally be hidden by traditional casinos will be readily available. Because this data is officiated by the blockchain, which can not be tampered with due to its distribution, users can rest assured that the games that they play are both fair and safe.
A Community-Driven Alternative
Regular casinos are driven by a profit-hungry executive board, or committee representing the few. In stark contrast, Ridotto represents the many through decentralized governance. Explicit in the protocol’s blueprint, all major operations are completely dependent upon the community who will likewise fulfill a pivotal role in deciding Ridotto’s future through proposal creation and deliberation. In line with the co-founders’ vision, this will empower the community to come together and iterate the future of online gaming to better mirror the interests of the community.
About Ridotto
Ridotto is the first cross-chain gaming and lottery protocol based on complete transparency, anonymity, security, and fairness. Our approach is to provide an open protocol driven by the community, where users can play, build, and even earn rewards through providing liquidity to Ridotto casino games.
On top of the protocol, we developed the Ridotto platform. An easy-to-use and user-friendly DApp that offers a genuine and vibrant gaming experience.
Website: https://ridotto.io
Twitter: https://twitter.com/ridotto_io
Telegram Announcements: https://t.me/ridotto_io
Telegram Community: https://t.me/ridotto_community
