One of our team-mate was on etherscan exploring some transactions and saw an advertisement of https://stake.com/ which was giving 200% bonus on first deposit, when our team-mate deposited the 120 USDT into this platform they gave him 360 USDT as total balance and when our teammate started playing game he was shocked to see that he was only able to play with $1 per game of Play Plinko Online - Pachinko Casino Game on Stake.com and was unable to increase the betting amount beyond $1 coz he was using the bonus scheme of 200% and when he tried to explore and play other games on the platform he got to know that this platform has cheated him under the name of wager limits.
When he tried to withdraw money they showed him this rule list of wager limit which said that if he wants to withdraw the deposited amount then he have to play $12,300 worth of game play and this was the big shock for him where he was explained a maths logic by their live support. Thereby, In the hope of getting the deposited money back he played the game Plinko entire night and lost all money.
He was very annoyed of this and that's how APT-Casino born, which is a combination of defi, ai and gamefi all in one platform where new web3 users can play games, perform gambling but have a safe, secure, transparent platform that does not scam any of their users. Also we wanted to address common issues in traditional gaming platforms.
Problems
The traditional online gambling industry is plagued by several issues, including:
- Unfair Game Outcomes: Many platforms manipulate game results, leading to unfair play.
- High Fees: Users face exorbitant fees for deposits, withdrawals, and gameplay.
- Restrictive Withdrawal Policies: Withdrawal limits and conditions often prevent users from accessing their funds.
- Bonus Drawbacks: Misleading bonus schemes trap users with unrealistic wagering requirements.
- Lack of True Asset Ownership: Centralized platforms retain control over user assets, limiting their freedom and security.
Solution
APT-Casino addresses these problems by offering:
- Provably Fair Gaming: Utilizing the aptos on-chain randomness module to ensure all game outcomes are transparent and verifiably fair.
- Low Fees: Leveraging the efficiency of movement blockchain to minimize transaction costs.
- Flexible Withdrawal Policies: Providing users with unrestricted access to their funds.
- Transparent Bonus Schemes: Clear and honest bonus terms without hidden traps.
- True Asset Ownership: Decentralized asset management ensures users have full control over their assets.
Key Features
- On-Chain Randomness: Utilizing aptos on-chain randomness module to ensure provably fair game outcomes.
- Decentralized Asset Management: Users retain full control over their funds through secure and transparent blockchain transactions.
- Cross-Chain Interactions: Seamless asset transfers and interactions between Movement, Aptos and other supported blockchains.
- User-Friendly Interface: An intuitive and secure interface for managing funds, placing bets, and interacting with games.
- Diverse Game Selection: A variety of fully on-chain games, including roulette, blackjack, plinko, and more. As a (POC) Proof of Concept we developed fully on-chain Roulette but similar model can be applied to introduce the new casino games to the platform.
Technology Stack
- Movement Blockchain: Ensures transparency, security, and efficiency in all transactions and game outcomes.
- Aptos On-Chain Randomness Module: Guarantees fair and unbiased game results.
- Decentralized Wallet Integration: Allows users to manage their assets securely.
- Cross-Chain Functionality: Enables seamless asset transfers between Movement and other blockchains.
- Defi Bank: User can stake their tokens on our currently supported chains - Movement, Aptos or EVM and get collateralized loans.
- Next.js, Javascript, Tailwind CSS, Move, Solidity, Aptos randomness module: aptos_framework::randomness.
Deployed Contracts
- Movement Contracts:
https://explorer.movementlabs.xyz/#/txn/95341496?network=local
https://explorer.movementlabs.xyz/#/txn/95341584?network=local
- Roulette Contract - aptos_framework::randomness:: https://aptoscan.com/transaction/23795743?network=devnet
- APTC Token Contract: https://aptoscan.com/module/0x25e6d86a5a7083d9d61e40381e5238ab6d2e785825eba0183cebb6009483dab4/fa_coin?network=devnet
- Aptos: https://aptoscan.com/transaction/29840524?network=devnet
- EVM: https://sepolia.etherscan.io/address/0x98C2Cd3F5eA88c2aF0A5f021BAaFC48753DdD379
Future Plans
All though started as a idea for Hackathon but now we are thinking to carry forward as a business model and expand further.
- Applying for Grants: Seeking funding to further develop and expand the platform.
- Mainnet Launch: Deploying on the mainnet for real-world use.
- User Testing: Conducting extensive user testing to refine the platform.
- Promoting the Product: Marketing to attract a wider audience.
- Mobile App Development: Launching Android and iOS application.
- Designing and Creating Unreal Engine Graphics and Game
- Introducing new games to the platform
- Enhance the AI capabilities used for generating NFT profiles to provide even more personalized and engaging user experiences.
- Explore additional DeFi features like staking, farming, yield strategies to offer more financial services within the platform.
- We also aim to implement gasless transactions to enhance user convenience.
- Enabling Developers to build more transparent games in our platform.
- Bringing in new monetization to compensate the casino games/ game creators.
- Having a inbuilt live streaming for gameplay, allow players to do streaming within the application.
Be the biggest gamefi/ gambling / games hub centre of the gaming industry. By aligning APT-Casino with the hackathon tracks we have created a robust and innovative project that stands out from the rest in the decentralized gaming and financial services space.