Decentral Games

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Discover Decentral Games's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Decentral Games?

Decentral Games (DG) is a cryptocurrency project that operates a fully licensed Metaverse casino, allowing users to play various games like blackjack, roulette, and poker with crypto. The project is governed by a decentralized autonomous organization (DAO), where holders of the $xDG token can participate in decision-making processes such as treasury allocations and game feature proposals. The $xDG token is obtained by staking $DG tokens on the Ethereum network or buying it directly from Uniswap on the Polygon network.

How is Decentral Games used?

The Decentral Games (DG) token is the native cryptocurrency used to power various activities within the Decentral Games platform. It is an ERC-20 token and has no value or use outside the platform. Here are the primary ways DG is used:

  1. Governance: DG holders can propose and vote on governance proposals, which determine the future direction of the platform. Each proposal and vote requires the proposer or voter to own and hold DG tokens in an ERC-20 compatible wallet. Users can stake their tokens to submit a proposal, and the voting power is determined by the number of DG tokens held.

  2. Staking and Rewards: Users can stake their DG tokens to earn additional DG tokens as rewards. This staking also grants access to premium guild tools and other benefits.

  3. Liquidity Provision: DG tokens are used to provide liquidity for the platform, which helps maintain a stable and functional ecosystem.

  1. Gameplay Rewards: Users are rewarded with DG tokens for participating in various activities on the platform, such as making wagers, sitting at tables with other players, and wearing specific NFT items.

  2. Upgrading ICE Wearables: DG tokens are used to activate and upgrade ICE wearables, which are NFT items used in the ICE Poker game.

Overall, the DG token is integral to the functioning and governance of the Decentral Games ecosystem, and its holders play a crucial role in shaping the platform's future.

How do I store Decentral Games?

To store Decentral Games (DG) tokens, you can use a reliable and reputable crypto wallet that supports DG. Here are the steps to follow:

  1. Choose a Wallet: Select a wallet that supports Decentral Games (DG). You can use a software wallet like MetaMask, which allows you to view your token holdings, trade on decentralized exchanges, and more.

  2. Download the App: Download the wallet application to your device.

  3. Create an Account: Create an account within the wallet by following the provided instructions.

  1. Add DG to MetaMask: To add DG to MetaMask, you can import DG as a token by copying its contract address (0x4b520c812e8430659fc9f12f6d0c39026c83588d) and importing it manually. Alternatively, if you have installed MetaMask's Chrome extension, you can add DG to MetaMask with one click on CoinGecko.

  2. Transfer DG Tokens: Once your wallet is set up, you can transfer your DG tokens to your wallet address. Make sure to use the correct network (Ethereum or Polygon) depending on the tokens you hold.

By following these steps, you can securely store your Decentral Games (DG) tokens in your chosen wallet.

How to buy Decentral Games?

To buy Decentral Games (DG) tokens, you can follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable and trustworthy crypto exchange that supports Decentral Games (DG) purchases, such as KuCoin or Gate.io.
    • Consider the ease of use, fee structure, and supported payment methods when choosing an exchange.
  2. Create an Account:

    • Enter the required information and set a secure password.
    • Enable two-factor authentication (2FA) for added security.
  3. Verify Your Identity:

  • Complete Know-Your-Customer (KYC) verification, which may require providing personal information depending on your nationality and region.
  1. Add a Payment Method:

    • Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment method.
  2. Buy Decentral Games (DG):

    • Use fiat currency to buy Decentral Games (DG) directly if supported by the exchange.
    • Alternatively, buy a popular cryptocurrency like USDT and exchange it for Decentral Games (DG).
Alternative Methods
  1. Decentralized Exchanges (DEXs):

    • Use a DEX like QuickSwap to buy $ICE tokens, which can be used within the Decentral Games ecosystem.
    • Connect your crypto wallet to the DEX and follow the exchange's instructions.
  2. Crypto Wallets:

    • Choose a reliable crypto wallet that supports Decentral Games (DG), such as Kriptomat.
    • Download the wallet app, create an account, and buy DG tokens directly or through a crypto-to-crypto exchange.
  3. Gaming Onramp:

  • Use the Kriptomat Gaming Onramp to buy DG tokens directly with a credit card, which can be used to customize your player avatar and receive chips in ICE Poker.

Remember to always follow the specific instructions provided by the chosen exchange or wallet, and be cautious of fees and market risks.

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History of Decentral Games

Decentral Games (DG) is a community-owned metaverse casino ecosystem powered by the $DG token. The project was launched in December 2020, marking the beginning of a significant journey in the world of cryptocurrency and gaming.

Early Developments

In the early stages, Decentral Games focused on building a robust infrastructure to support its vision of a community-owned gaming platform. The project leveraged Alchemy’s Web3 developer platform to integrate its metaverse onto the Polygon blockchain, ensuring seamless and cost-effective transactions. This partnership allowed DG to achieve unprecedented reliability and scalability, with 99.99% uptime and average transaction costs of just $0.01.

Key Milestones
  • Launch of ICE Poker: In October 2021, Decentral Games launched ICE Poker, a free metaverse poker game where players earn rewards by completing daily challenges and competing against each other on a leaderboard. This marked a significant step towards creating a play-to-earn ecosystem.
  • Partnerships and Investments: DG received significant investments from prominent institutions such as Binance Smart Chain, Polygon, Tron, Decentraland, and others. These investments enabled the project to expand its team, accelerate product development, and boost user acquisition.
  • Token Split and Governance: The $DG token underwent a 1:1000 token split and the introduction of DG Governance V2, positioning it for wider adoption and stronger community involvement.
Growth and Expansion
  • Metaverse Presence: Decentral Games constructed Metaverse-based headquarters for several prominent organizations, including DEXTools, Coingecko, Polygon, and the Bored Ape Yacht Club (BAYC).
  • NFTs and Wearables: The project introduced NFT wearables, which players can use to enhance their gaming experience and earn additional rewards.
  • Mobile App: DG plans to launch a 2D mobile casino app in early 2024, expanding its reach to a broader audience.
Community Engagement
  • Governance and Voting: The $DG token allows holders to participate in governance, voting on proposals that shape the direction of the project.
  • Community Events: Decentral Games has organized various events, including a virtual nightlife venue and club in partnership with Amnesia Ibiza, featuring performances by notable artists.
Future Plans
  • Multi-Chain Gaming: DG plans to expand its product offerings to include multi-chain gaming, new NFT utility, and more advanced play-to-earn games.
  • Social Element and VR Client: The project aims to enhance the social aspect of the Decentral Games experience and introduce a VR client, allowing for true immersion within its metaverse spaces.

Throughout its history, Decentral Games has demonstrated a commitment to innovation, community engagement, and strategic partnerships, positioning itself as a leader in the metaverse gaming space.

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How Decentral Games works

Decentral Games (DG) is a blockchain-based gaming ecosystem that leverages its native cryptocurrency, DG, to power various aspects of the platform. Here's an overview of how it works:

Governance and Decision-Making

Decentral Games operates as a decentralized autonomous organization (DAO), where users holding DG tokens have a stake in the governance and decision-making processes. Users can propose changes and vote on proposals, ensuring that the future of the platform is determined by its stakeholders. To submit a proposal, a user must hold at least 1% of the circulating DG tokens, and 15% of the tokens must vote in favor to pass a proposal. This system allows for self-regulation and ensures that decisions are made by those invested in the platform.

Earning DG Tokens

There are several ways to earn DG tokens within the ecosystem. These include:

  • Governance Incentives: Users who stake their DG tokens to participate in governance can earn rewards.
  • Liquidity Incentives: Providing liquidity to the platform's treasury earns users DG tokens.
  • Gameplay Rewards: Users can earn DG tokens by participating in games and activities within the platform.
The dgTreasury

The dgTreasury acts as the central fund for the platform, collecting fees from games and paying out winnings. It relies on user-provided liquidity to ensure it can cover all winning wagers. This liquidity provisioning incentivizes users to participate and earn DG tokens.

DG Token Usage

The DG token is the primary utility token for the Decentral Games ecosystem. It is used for governance, staking, and providing liquidity. Additionally, DG tokens can be used to activate and upgrade in-game items, such as ICE wearables.

ICE Poker and the Metaverse

Decentral Games features a metaverse-based game called ICE Poker, where players earn rewards in the form of $ICE tokens. These tokens can be used to upgrade items and access new tournament modes. The game is built on the Polygon blockchain and leverages Alchemy's Web3 developer platform for scalability and reliability.

Technical Infrastructure

Decentral Games relies on Alchemy's infrastructure to ensure seamless scalability and uptime. This partnership has enabled the platform to handle high volumes of transactions and NFT drops without outages or rate limiting. The use of Polygon as the blockchain solution helps to keep transaction costs low and ensures a smooth gaming experience.

Overall, Decentral Games combines elements of governance, token incentives, and metaverse gaming to create a unique ecosystem where users can participate, earn rewards, and shape the platform's future.

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Decentral Games's strengths

The token Decentral Games (DG) has several strengths:

  • Governance and Community Involvement: DG is a governance token that allows holders to participate in decision-making processes through voting on proposals and treasury allocations. This decentralized governance structure ensures that the community has a significant say in the direction of the project.

  • Multiple Use Cases: DG tokens are used for various purposes, including governance, mining rewards, and gameplay incentives. This diversifies the token's utility and increases its potential value.

  • Strong Partnerships: Decentral Games has partnered with well-known brands like Atari, which adds credibility and potential for growth.

  • Metaverse Integration: As a fully licensed Metaverse casino, Decentral Games benefits from its integration with Decentraland, driving a significant portion of Decentraland's traffic.

  • Innovative Gaming Experience: The platform offers a unique gaming experience with real, live hosts and the ability to mine DG tokens while playing, enhancing user engagement and retention.

  • Potential for Growth: With plans to launch a 2D mobile casino app, Decentral Games is poised to expand its user base and increase adoption.

These strengths contribute to the token's potential for long-term success and growth.

Decentral Games's risks

Decentral Games ($DG) is associated with several financial risks. These risks include:

  • Security Weaknesses: Hackers or malicious groups may attempt to interfere with $DG and the decentral.games ecosystem through various methods such as malware attacks, denial of service attacks, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Additionally, there is a risk that a third party or a member of the Company, the Distributor, or their affiliates may intentionally or unintentionally introduce weaknesses into the core infrastructure of $DG and/or the decentral.games ecosystem.

  • Uncertain Regulations and Enforcement Actions: The regulatory status of $DG and distributed ledger technology is unclear or unsettled in many jurisdictions. Regulatory actions could negatively impact $DG and/or the decentral.games ecosystem in various ways. The Company, the Distributor, or their affiliates may cease operations in a jurisdiction if regulatory actions make it illegal to operate or commercially undesirable to obtain necessary regulatory approvals.

  • Inadequate Disclosure of Information: The decentral.games ecosystem is still under development, and its design concepts, consensus mechanisms, algorithms, codes, and other technical details and parameters may be constantly updated and changed. Although the whitepaper contains the most current information, it is not absolutely complete and may still be adjusted and updated by the Decentral.games team from time to time. The Decentral.games team has no ability and obligation to keep holders of $DG informed of every detail regarding the project.

  • Failure to Develop: There is a risk that the development of the decentral.games ecosystem will not be executed or implemented as planned, which could lead to the loss of all or part of $DG held. This could be due to various reasons, including a decline in the prices of digital assets, unforeseen technical difficulties, and a shortage of development funds for activities.

  • Other Risks: There are other risks associated with acquiring, holding, and using $DG, including those that the Company or the Distributor cannot anticipate. These risks may further materialize as unanticipated variations or combinations of the aforementioned risks.

  • Financial Stability Risks: Despite representing a small fraction of the financial system, the crypto ecosystem, including $DG, can still pose risks to financial stability. If there are episodes of great devaluation in the crypto markets, the wealth of investors could be severely affected and have negative effects for the financial system.

  • Liquidity Risks: Decentralized finance (DeFi) markets, which $DG is a part of, often rely on liquidity pools. These pools can be vulnerable to malicious activities such as rug pulls, where token creators drain liquidity pools of tokens, and impermanent loss, where liquidity providers end up holding less of the tokens that have increased in value.

  • Human Error: The DeFi industry is still in its early phases and remains quite complicated. In many cases, losses are the result of human error, such as misplacing private keys or misunderstanding crypto wallets. These mistakes can result in huge losses, and unlike traditional finance markets, many DeFi markets don't have customer service teams to assist in resolving such issues.

  • Regulatory Oversight: Regulatory oversight looms as a major threat to DeFi and $DG. Governmental organizations like the Securities and Exchange Commission (SEC) are increasingly scrutinizing DeFi activities, which could lead to stricter regulations and potential legal actions against DeFi projects.

These risks highlight the importance of thorough due diligence and a cautious approach when investing in $DG and the decentral.games ecosystem.

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Did Decentral Games raise funds?

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Decentral Games’s team

  • Miles Anthony: CEO & Founder
  • Steve Becerra: Founder & CTO
  • Scott de Taboada: Founder

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