Ridotto Governance: Where Users are the House, and the House Always Wins
Ridotto: Beyond rolling off the tongue in classic Italian fashion, it’s a word with deep cultural and historical ties. Strictly, it means “private room;” but originally it comes from a wing, known by the same name, in Venice’s famed Palazzo Dandolo. Dating all the way back to the fourteenth century, the Palazzo secured its place in history through the Ridotto wing, known by gaming institutions everywhere as the site of the West’s first public casino.
Continuing the tradition of making history’s oldest pastime accessible, the Ridotto platform is the world’s first cross-chain gaming and lottery protocol that enables users to not only play games, but to create them as well. This innovative approach is designed to do to online gaming, what mobile apps did to online gaming. Ridotto wants to unleash retail ingenuity by giving users the decentralized infrastructure to create, experiment, and allow online gaming to evolve.
In stark contrast to traditional casinos — made to benefit centralized ownership — Ridotto plans to use decentralization to create a casino ecosystem that is transparent, secure, and above all designed to benefit its users.
Ridotto Governance
The team created Ridotto to solve gaming’s oldest and most pernicious flaw: the temptation of exploitation, a disadvantage so famous that it has its own universally understood phrase, “The House Always wins.” The Ridotto protocol subverts this pessimistic truism by turning it on its head, and elevating the user to the status of being “the House.”
Ridotto is a Decentralized Autonomous Organization
Regular casinos depend on consumer trust; by lack of choice, players need to hang on to the belief that dealers, machines, and all other mechanisms are not silently robbing them of their winnings. Unfortunately, other online alternatives fare even worse. With unpublished and unverifiable code, online casinos have free reign to bend fortune in their favor, easily tweaking probability to disadvantage players.
By contrast, as a DAO, Ridotto has inbuilt integrity that guarantees user safety. It can be said to be trustless, only because users have no need to trust Ridotto; its integrity is readily verifiable because it is open-source and distributed on the blockchain. In other words, the Ridotto protocol runs automatically according to a predetermined set of rules, initially created by the team, but increasingly entrusted to the community.
To ensure the integrity of Ridotto games, updated and precise game metric data like winning rates, probabilities, and all other information that would normally be kept 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 all the games they play are both fair and safe.
Because decentralized governance is a cornerstone of Ridotto’s vision, all major operations are completely dependent upon the community. Users will play, create, govern, and likewise fulfill a pivotal role in deciding Ridotto’s future. By creating and voting upon proposals, the community will come together to iterate and grow the platform to better mirror community interests.
Ridotto’s Token
The key to Ridotto’s community centric vision is the utility of the RDT token. Beyond being able to use the platform through gameplay and creation, members will be entitled to two crucial functions that are necessary for effective governance: power of voting and proposing .
The RDT token will enable community members to suggest and vote on proposals that will radically impact the protocol in every way that it functions, from marketing to operations, to everything in between. Not only does this provide stakers with a way of exercising power through their investment, but by giving users the tools to determine how the platform is run, Ridotto offers a viable solution to gaming’s age-old nemesis: self-interest of the few. Instead of being designed to give casino owners a profitable edge, Ridotto’s community-created games will be free to embody the core of gaming’s promise: the thrill of pure luck combined with a generous payday.
To stay updated on Ridotto’s progress as it readies for launch on Cardstarter, follow the official twitter and telegrams. The team has a lot in store and is excited to build alongside its loyal community.
Website: https://ridotto.io
Twitter: https://twitter.com/ridotto_io
Telegram Announcements: https://t.me/ridotto_io
Telegram Community: https://t.me/ridotto_community
