Ridotto X Crypto Banter June AMA Recap
Last week @CryptoTradeNerd hosted an AMA with Ridotto in the Crypto Banter telegram chat; he asked Ridotto’s CMO Fayrouz Benstella some very pertinent questions about our ongoing PancakeSwap slot machine campaign and fielded three community questions!
Read below to make sure you don’t miss any alpha:
Q: Hello Fayrouz, good to have you here for our AMA with Ridotto, could you tell us a bit more about yourself and your background in Crypto?
A: I’m Fayrouz, founder and CMO of Ridotto. I have a marketing background, have orchestrated successful launches for several brands worldwide, and developed and implemented digital marketing, communication, and partnership strategies in leading companies such as L’Oréal, Nestlé, and Mondelez International. I have been in crypto since 2017, and am fascinated by blockchain technology and values. I believe it’s revolutionary for bringing the people into the fold.
Q: Could you share with us your role within the project?
A: I have been the chief marketing officer for two years, and am handling all aspects from product vision development, marketing, PR & KOLs, brand management, key partnerships, and B2B business development.
Q: How is your project poised to survive throughout the bear market funding-wise?
A: Thanks to our initial funding and expense management, our treasury will last until the end of 2023 — if we consider zero income from our coming catalog of games, which is the hyper pessimistic scenario and considering not selling a single token in the market. Once the games are live next quarter, the runway will of course be much longer, if not permanent.
Q: For those who didn’t study the project, could you tell us what Ridotto is and how it contributes to the current ecosystem?
A: Crypto gambling is a billion-dollar industry — however, until now, beyond skirting regulation with non-fiat assets, crypto gambling hasn’t innovated beyond Web2 online gambling. It isn’t decentralized!
Ridotto fixes this! We are a multi-chain and decentralized lottery and gambling protocol that introduces permissionless casino ownership and open source bankrolling of slot machines, lotteries, table games, bingo, sports betting, Esports 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!
Q: What kind of utility will the $RDT token have?
A: The $RDT token is the cornerstone of the ecosystem. Everything from gameplay, to bankrolling, to game building, to governance, to NFT farming, to native staking, and so much more will require the token.
Q: So anyone can bankroll your casino games?
A: Yes, anyone anywhere on the globe! our home casino will be bankrollable, earning profits for anyone! Taking things further anyone who holds one of our casino ownership NFTs can also deploy their own casino games. They’ll choose the parameters of the game like choosing house rates, jackpot size, or whether other people can bankroll it or not.
Q: Wow — so anyone can own their own casino as well? Do you guys have B2B partners?
A: Yes, we do! Many — for whom we will build custom slot machines and lotteries, playable and bankrollable in their native tokens. They include BakerySwap, Netvrk, Dfyn, Don-key Finance, GeroWallet, and more. We also want to include PancakeSwap, which brings us to our current partnership campaign.
Q: Tell us more about the PancakeSwap slot machine campaign?
A: Okay! We are trying to rally the $CAKE community using their governance forum to have them vote to approve a Ridotto-built PancakeSwap dedicated slot machine.
Q: Very unique. What would be the benefits of that?
A: Great question. There are many! Here are the main three:
- Built-in BURN MECHANISM, which will help offset $CAKE emissions, an issue the team and community have been trying to solve for a while.
- Gamified token utility, via slot gaming and bankrolling, will contribute to price stability.
- Non-inflationary staking to community members who bankroll with $CAKE liquidity. Enjoying the house’s edge they will get to earn generous yield without increasing the token supply and devaluing the currency.
Q: How can people participate in making this a reality?
A: They can vote “yes” on the slot machine proposition, linked here:
Also, check out the trailer we made for the campaign:
Q: So there is a gleam campaign where people can win some extra dollars? Could our Banter Fam still participate in this campaign?
A: Of course! Ten winners will win a share of $500! Participate here:
3 Community Questions from the form
Q: First winning question comes from @BryanChornor: What is the best way to follow all your upcoming news and updates? What are your plans for the coming future?
A: You can follow us here:
Our official channels are:
Discord Server : https://discord.gg/ridotto.io
Telegram Announcements: https://t.me/ridotto_io
Telegram Community: https://t.me/ridotto_community
And yes! Of course, we have some awesome plans for the future. Within the next few weeks, we will launch native token staking — both LP and SAS- and shortly after we will begin launching our coming catalog of games. The first of which will be the Ridotto flagship lotteries and then the B2B lotteries. Next comes the slot machines!
Q: The second question comes from @MyHandaQ: How will the demand for the token increase and how will this token be used within the ecosystem?
A: Demand for the token will be driven by its utility within our gambling ecosystem — and it will be required at all levels. Beyond staking and NFT farming, to play, share the house profits, govern, and build on Ridotto’s open-source protocol you will need $RDT tokens.
Q: The third question comes from @AgungTedja: Do you consider community feedback/requests during the creation process to expand on new ideas for your project?
A: Absolutely — as a decentralized brand and community-run project, everything we do is driven by the community. It started with prioritizing the community over VC’s in our private sale, and is continuing with organizing regularly some co-creation workshops to involve the community in the early stages of the product development, also governance contracts are about to be released to give the full decision pow to the community, and will endure through the DAO.
Our community focus is the number one thing that separates us from other gaming and gambling projects.
Crypto gambling is a billion-dollar industry — however, until now, beyond skirting regulation with non-fiat assets, crypto gambling hasn’t innovated beyond Web2 online gambling. It isn’t decentralized!
Ridotto is a multi-chain and decentralized lottery and gambling 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.”