Finally! Staking and LP have been delivered and the community can park their coins to farm more tokens! Additionally, Ridotto’s developers are now clearing the way for the launch of the platform’s first lottery games!
Brand Awareness
Birthday Campaign:
Beginning on Ridotto’s birthday — September 28th — the team launched a month-long birthday campaign to celebrate progress and honor the community’s passion.
We rewarded you with:
- The launch of staking with a high APR, has since attracted $500,000 TVL.
- A Versailles- inspired commemorative NFT collectible, which has been airdropped at the end of the week to our early community members. It signifies their first adopter status within the RDT ecosystem and their special role as our foundational community members.
- https://opensea.io/collection/ridotto-badge-2k22
- $600 in trivia rewards was distributed among 3 winners who beat out 20 other participants.
- 2x daily NFT Farming emissions this week, ending 25 October 2022.
Joe Parys Video:
On the organic side of Ridotto’s marketing horizon, a famous YouTuber released an unsponsored video highlighting why he’s betting on Ridotto long-term. Check it out:
Technical Development
With much anticipation, Ridotto’s developer team successfully deployed platform native staking and LP with zero bugs, vulnerabilities, or downtime on the BSC network. Community reception was incredibly favorable, as they immediately staked 13m $RDT and farmed 2.3M $RDT in LP.
While today’s emissions will come from the protocol treasury, in the future Ridotto’s staking portal will offer community members access to a widespread point of platform bankrolling, averaging profit exposure from all games. Ridotto’s staking will lay the blueprint for all future bankrolling on the platform.
Additionally, the team launched the beginning infrastructure for Ridotto’s DAO. Through staking, community members will earn non-fungible governance tokens which will be used for future voting.
Lastly, with this recent update, the team launched a platform native bridge, which will form the starting point for Ridotto’s multichain ecosystem. While today’s bridge makes $RDT mobile between Binance Smart Chain and Ethereum, in the future $RDT will also travel across blockchains like Polygon, Cardano, Avalanche, Fantom, Solana, and others.
Node:
With all the anticipated platform activity, the team scaled our blockchain node to handle what peaked at 60K blockchain calls, thanks to the help of our partner Quicknode. We are confident that as this number increases into the hundreds of thousands and millions, the dev team will ramp up node operations at scale.
Migration From Gridsome to Nuxtjs:
The current UI suffers from bugs related to the old website development framework (Gridsome) and now needs to migrate to Nuxtjs. Early steps have been promising and is expected to be completed soon. With it finalized, the migration will enhance the team’s delivery processes and prepare the way for the lottery integration.
Circulating Supply API:
The team also recently created a new live API to provide a live counter of the $RDT token’s circulating supply. The API is now integrated with Coingecko and Coinmarketcap.
You can check it through: https://api.ridotto.io/token/circulationSupply
Lottery Development:
With staking completed, the team is now turning the bulk of its attention to delivering the first lottery games. They have already accomplished the majority of the work, having previously finished the smart contract backend and designed the overall game architecture.
Now, the team needs to complete the front-end integration, create a test version, and then deploy the final product implementation assuming all tests are green.
Nevertheless, all systems are a go as we blast forward toward the launch of the first games. Stay tuned for more monthly updates — the future has never been brighter!
About Ridotto
Ridotto is a multi-chain and decentralized lottery and gaming protocol that introduces permissionless casino ownership and open-source bankrolling of slot machines, lotteries, table games, bingo, sports betting, and so much more.
Our approach is to provide an open protocol driven by the community, where users can play, build, and even bankroll casino games, thus earning generous passive income. Now, YOU are “The House.”
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