If you missed yesterday’s community breakdown, in which the team highlighted exactly what they have been working on since token launch, you are in luck! The article below will provide an overview of all the major subjects covered, as well as link a recording to the zoom meeting for anyone who wants to view it for themselves.
Ridotto Claims its Stake in the Metaverse
Ridotto’s team of developers has already begun exploring creating $RDT’s Headquarters in Netvrk’s online Metaverse and expects it to launch next quarter officially. It will liberate Ridotto to create an all-immersive, radically creative gaming experience free from the limitations of physical casinos and two-dimensional screen-based gambling.
Beyond being able to unite everyone, from all corners of the globe, who is passionate about decentralized glambling in one shared environment, the advantage of the metaverse will also allow Ridotto to coordinate real time special events of unprecedented size; including poker tournaments, sports betting, and so much more.
Taking things one step forwards, combining the Metaverse with NFTs, Ridotto will create team based competitions, in which gambling guilds can band together and face off in all-or-nothing contests for jackpot prizes.
For the creatives in Ridotto’s community, the team isn’t just limiting you to gameplay, but will empower you to utilize Ridotto Build to seamlessly integrate Ridotto’s SDK library to create your own casino in the Metaverse, with personalized branding.
Ridotto’s MVP Slots and Lotteries
Also coming next quarter, the earliest version of the casino platform will propose a simplified product offering, limited to slots and lotteries that are dedicated to partnered projects and KOLs.
Through it, Ridotto’s partners and their communities will be able to play and bankroll their very own Ridotto built slot machine and also participate in lotteries dedicated to their project.
For Ridotto’s partners, this will offer a hugely innovative alternative to regular staking methods, as Ridotto’s Casino as a Service provides a gamified, price stabilizing, non-inflationary, sustainable, and generous APY of 121% or more to all community members. Not only does this fix staking’s primary inflationary issue, but it also brings the community together for a novel and unique approach to token utility.
In recent weeks, Ridotto has kicked off it’s first series of MVP partnerships with the likes of Don-key Finance, GeroWallet, BakerySwap, and Ash WSB — which while just representing a sliver of Ridotto’s planned partners, expands Ridotto’s potential community by a number ranging over a million!
Before the MVP goes live, Ridotto needs to launch NFT farming, an infrastructural necessity that will best organize the gradual decentralization of Ridotto’s slots and lottery protocol. For those interested in participating in or profiting from Ridotto Build, listen up!
With these NFTs, owners can deploy their own slot machines, lotteries, and more at the click of a button and host them both within the Ridotto protocol and on their own website. For businesses, charities, and Web 3 native communities this represents a one of a kind opportunity to earn income while better engaging your community.
Taking things one step further, by pairing an ownership NFT with a customizability NFT, owners can customize the mechanics, token type, and even the UI to their exact specifications, giving them complete control over their Ridotto build casino products.
With the NFTs in hand, Ridotto’s community will be free to either consume their NFT and claim a casino product or sell them to the highest bidder on secondary markets.
The purpose of NFT farming is to reward early community members, while also decentralizing the protocol and effecting a level of token stability. In rolling it out, the team is excited to show the first steps in what we believe to be a total revolution — one that threatens to change the gambling industry from the bottom up.
Also of incredible fundamental value, the team has decided to restructure the token release schedule to better preserve sustainable token growth over the long term. All releases including team tokens, advisor tokens, reserves, marketing, ecosystem, and bug bounty tokens are being pushed to an average of 48 months.
While the old release circulated 380,000,000 tokens in the first year, now the team is reducing circulation by almost 50%, to just 170,000,000 tokens! An astounding difference, to be sure.
Short Term Roadmap
Before the first MVP slots and lotteries, the community can look forward to dozens of new partnerships, NFT farming of both Ridotto Build and Customization NFTs, a brand new dynamic website — one more permanent and suited for gaming, and the launch of Ridotto’s second staking phase, which will offer an APY up to 90% on both Binance Smart Chain and Ethereum.
Ridotto’s Q4 Community Update
To check out the webinar for yourself, please do so at your convenience through the link below: https://ridotto.link/3Iw0wQM
Ridotto is the very first cross-chain gambling and lottery protocol based on complete transparency, anonymity, security, and fairness. Built on Multi-Chain, 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 liquidity. Ridotto’s overarching goal is to elevate the user to the role of “house,” thereby offering a fully scalable alternative to centralized online gambling.
Beyond our vibrant flagship casino, we will unleash retail ingenuity by giving users the decentralized infrastructure to experiment and evolve the gambling ecosystem, much like the App Store did for mobile gaming.