Recently, Luckydao announced to release the official white paper and the latest road map of the project. It will gradually launch the GameFi and NFT Ecology with LuckyChain as the core of the underlying public chain. Moreover,LuckyDAO creates an original method of encryption algorithm + Oracle + node verification to launch an open and transparent Gamefi ecology.
Game theory originated from “Game Theory and Economic Behavior” co-authored by Von Neumann and Morgenstern in l944. Since the publication of this document, game theory has been widely applied to social and economic activities, conflicts and other complex human activities. Game theory provides a theoretical framework for explaining the interaction between selfish individuals, and reveals the internal motivation of seemingly contradictory but actually unified competition between selfish individuals at the bottom and cooperative behaviors that widely exist in real life.
Blockchain technology has achieved great success in bitcoin application. And the consensus algorithm based on the incentive mechanism of Proof Of Work is the key to maintaining the safe and stable operation of the system.This way of combining the game mechanism with the Blockchain Technology has attracted the attention of researchers at home and abroad. In recent years, people have actively explored some application scenarios of the blockchain technology in supporting game theory, and achieved preliminary results.
Therefore, the combination of blockchain technology and game theory is one of the development directions in the future.
As an important part of the global mobile game market, the Gaming mobile game contributes a significant source of revenue. The sudden outbreak of COVID-19 has brought about a leap in growth for online gaming platforms. The size of the global online games market in 2019 was US$ 53.7 billion, which is expected to grow at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2027. With the high penetration rate of the Internet and the increasing number of mobile phone users, online games from homes and public places are driving the game market.
In recent years, the traditional gaming industry has been criticized by users for various reasons, such as lack of credibility of games results, opaque rules of games, a single gameplay, disclosure of privacy, frequent fraud, misappropriation of capital pools, geographical restrictions, unequal rights of players, and concealment of most of the profits.
1.Privacy leakage and frequent fraud
It is usually safe to play games on real and legal online gaming platforms as they need a security license to continue to operate. However, if you unfortunately register or at least access a fake online gaming platform, your equipment and information may be damaged.
Some of the cyber security threats involved in the fake online gaming platform include the theft of users’ personal information, the theft of financial information and the destruction of your equipment through malware or worse ransomware. The most common form of cyber attack experienced by customers is the disclosure of their credit card information. If not resolved immediately, these attackers can use your credit card to make unauthorized purchases on the Internet.
2.The rules are opaque and easy to be manipulated.
Another common concern about online gaming platforms is that games are unfair and rigged. Online gaming maintains a fair gaming environment in every online game users play through the so-called random number generator. This is an algorithm used to make the results of a game random, as if a legitimate casino game had random results, but these results are not mathematically based on any pattern that can be studied and predicted.
Therefore, some online games use PRNG or pseudo-random number generators. The algorithm still provides a “random” number while the problem is that it is not truly random. In simple terms, PRNG uses a string of numbers which needs to be provided by mathematical calculation. This factor can be exploited for those with correct professional knowledge.
3.False propaganda and misappropriation of funds
In addition, phishing through spam is a common tactic, especially if users are lured into “signing up for a bonus”, and they accidentally provide email address to an unauthenticated website. If users are caught in a phishing attempt, their data and information may well be already at risk.
4.Extension of the withdrawal time
The traditional gaming platform will also extend the withdrawal time of legal tender. They will indeed pay you for any bonus you accumulate, but some online gaming platforms will only make it harder for you to get your money.
Some people do this by limiting withdrawals to specific days of a week and with very long processing time (ranging from 7 to 30 business days). Some have very high minimum withdrawal requirements (some need at least $1,000 or more). At the same time, others make it difficult by charging “processing fees” for most of your bonuses.
The traditional gaming platforms are also deeply restricted by region and policies， and players need to pay extremely high cost in time and capital.
With the great success of the application of blockchain technology in bitcoin, the way of combining game mechanism with blockchain technology has also attracted the attention of researchers at home and abroad. Compared with traditional games, the decentralized gaming industry can not only enable players to experience anonymously and ensure the safety of users’ funds, but also ensure that game results are fair and transparent and not subject to geographical restrictions.
Aiming at the above industry pain points, LuckyDAO hopes to lead an in-depth reform of traditional game industry through the decentralized gaming method of Blockchain, creating a safe, fair and transparent gaming ecological environment, and achieving the goal of being the world’s leading games ecological infrastructure service provider.
LuckyDAO is a blockchain game ecological project on public chain. It builds an exclusive public chain ,LuckyChain, and applies the self-developed TTXC framework and the method of game result decentralization to support global gaming developers to develop more games with abundant content, safe rules, fairness and justice.
LuckyDAO, based on LuckyChain and BSC chain, provides developers, operators and players with game results SDK, backend database, contract warehouse, game development tools and other all-ecological services through NFT Market, gaming games, gaming products, DAO, and Swap applications. It provides developers with technical support, financial support, product service support and Web-traffic support, and provides players with abundant game content, investment channels and security guarantee, aiming to jointly promote the sustainable development of gaming ecology.
LuckyDao provides convenient chain reform service for global gaming games developers, uploading the fund pool, Game rules and results on chain to ensure the safety of funds and accuracy of the data. At the same time, it also provides diversified financial support for developers, such as platform funds, project crowdfunding, etc., and innovative financing methods to help the development of early projects.
LuckyDao has more than 300 good-quality traditional gaming partners, providing users with rich and diverse game experiences. Code security audit and risk control of game fund pool system ensure the fairness and security of the game.
LuckyMarket provides a marketplace for trading and circulation of NFTs for all games in the LuckyDao ecology.
LuckyMarket will require the games on the platform to provide a certain protection for the NFT price they issued. If the price continues to be significantly lower than the issue price, the issuer will be required to get it back, otherwise the game may be removed from the shelves. In addition, LuckyMarket considers the adoption of the latest NFT distribution rules to set a cooling-off period for a certain period. If the user regrets to getting the NFT during the cooling-off period, he/she would get a full refund.
NFT Offering, NFT Pledge, LCK/ Game Token, LP Addition Award, etc. The platform will regularly open a certain number of LCK as pledge reward for each liquidity pool, and the total amount of pledge reward for each liquidity pool is divided by the ranking of the funds in the pledge pool. 50% of the pool award goes to LP award and 50% goes to the game developer.
In the LuckyDao ecological data service project, users can browse the real transaction volume, capital pool and income of each project in the ecology, and developers can guide, develop and formulate game products that meet the market demand based on the ecological data.
LuckyDAO is an exciting entertainment world. As the most trusted online Crypto gaming platform, LuckyDao has the following advantages:
1) Safe and fair.
All product codes will be audited and made public; The game rules are controlled by smart contracts which means enforcement and transparency. The contract address is specified on the capital pool chain and cannot be transferred at will; The game result is verified by the node data encryption algorithm + Oracle + node verification to ensure absolute fairness; The developer’s margin is used to deal with unexpected risks.
2) Model innovation
LuckyDAO Links developers, operators and players to reshape the value distribution system; game results are truly decentralized to ensure a fair game environment; Identity changes means players can also become rule makers; The financing model is innovative, with developers obtaining more financing by the way of sharing rights and revenue.
3) Diversified investment.
Diversified investments mean diversified returns. The investment platform benefits from platform dividends; yoh can get the game revenue sharing by investing in games; by participating in games to win the gaming revenue; LP pledgers obtains LCK, game tokens, game props and other revenue; the LckChain node earns miners’ fees.
4) Professional team
The core team of LuckyDao is composed of top security technical teams in the industry, including 300+ good-quality gaming game developers, and global blockchain market economic experts, giving strong support to LuckyDAO ecology.
LuckyDAO has released the official white paper and the latest road map. The team will continue to update the latest developments of more projects to create a truly secure, fair and transparent Web3.0 Gamefi ecosystem!