Short description / Introduction

PALACE is a project aimed at creating a marketplace/aggregator for other teams developing on-chain gambling games on different blockchains. The mission of PALACE is to gather projects on one platform, help them with marketing, legalization / licensation, and provide consistent user traffic in exchange for a small processing fee. The platform will be powered by a native utility token called PLC.

Background

The global online gambling market is worth over $500 billion and predicted to double by 2030 with an 11% annual growth rate. One of the most potential use cases for web3 is online gambling. Being totally decentralised its main features are transparency, fairness and decent privacy / anonymity.

As more and more people look for ways to experience web3 gambling, there is a need for a platform that can bring together different mechanics all around networks and provide a seamless experience of a true onchain gameplay. We aim to fill this niche (meet a demand) with PALACE.

Platform Features

Marketplace: PALACE is a one-stop-shop for existent variety of pvp and casino mechanics. Its user-friendly interface allows users to browse, rate and filter games based on their preferences. To ensure transparency and fairness, all games will be verified for authenticity and random number generation through smart contract technology. More other we will carefully audit all potential patrons to ensure stability and SAFU of our users. 

Marketing: We will provide marketing and promotion services to small teams what struggle to collect needed budget and run their own advertise and influence strategy. The platform have a dedicated marketing team that will help reach a wider audience through influencers, social media campaigns and partnerships. This will help projects gain visibility and attract more users to their games.

Legalization/Licensation

For some of the projects who want to go even further with their product and compete with the whales, we will offer legal support to help them obtain the necessary permits to operate their games legally and securely. Obtaining a Curacao gambling license will not only prove a legitimacy to key users but also help attract a broader audience from the web2 world who may be not so confident about web3 world and its regulation. 

Such approach will contribute to the legitimacy and mainstream adoption of the blockchain and crypto space as a viable and secure platform for online gambling. This will benefit not only the projects themselves but also the wider ecosystem and the users who participate in web3 casinos.

Fiat Processing

PALACE also supports fiat processing, making it possible for players to take advantage of decentralized casinos without even dealing with any cryptocurrency. Players will be able to deposit and withdraw funds using traditional payment methods, such as credit cards, bank transfers, and e-wallets. Additionally, we will work with regulated payment providers to ensure compliance with relevant laws and regulations.

Community and Social Features

We are building a vibrant community of users, game developers, and enthusiasts. The platform will have social features such as chat rooms, forums, and soul bond profiles, allowing users to connect and share their experiences. PALACE will also organize events such as tournaments, giveaways, and contests, providing users with opportunities to win prizes and earn recognition.

Security and Transparency

At PALACE, security and transparency are top priorities. We will conduct thorough due diligence on all game developers and projects that want to list their games on the platform, including smart contract audits.

In addition, we will monitor all games and transactions on the platform in real-time, using advanced blockchain analytics tools to detect and prevent any fraudulent activities.

Tokenomics

Our native utility token called PLC, which will serve as the primary currency for transactions on the platform. Users can use PLC to purchase in-game items and tokens, pay for fees and commissions, and earn rewards for contributing to the platform's growth and development. The token will also be tradeable on various cryptocurrency exchanges, providing liquidity and investment opportunities for token holders.

Revenue Model

PALACE will generate revenue by charging a small transaction fee on all games and transactions that occur on the platform. The fee will be a percentage of the total transaction value and will be automatically deducted from the user's wallet at the time of the transaction.

Our revenue model is designed to be sustainable and profitable for both PALACE and our partners. By charging a small transaction fee and sharing revenue with our partners, we can ensure the long-term success of the platform and provide a valuable service to game developers and users alike.

Conlusion

PALACE aims to create a marketplace/aggregator for on-chain gambling games from different blockchains. The platform will provide small teams and projects with marketing, legalization/licensation, and a consistent user base in exchange for a small processing fee. The platform will be powered by a native utility token called PLC, and will be easy to use, even for people who are not familiar with blockchain technology. With the global online gambling market expected to grow even further, PALACE has significant potential to disrupt the traditional online gambling industry and provide better security and fairness to users.