A Rake Structure That Benefits Contributors
Last updated
Last updated
Unlike the traditional "house vs. player" model, we are revolutionizing the way cash flow is equitably distributed. This means that everyone who contributes to the game gets to earn their fair share, not just the house.
The business model of a good casino is simple: invite people, earn trust, and make money. However, the question arises—what is a fair amount of money to make?
If you're not familiar, when a hand is dealt in a casino, a portion of every pot is taken for the house, which is considered the "rake". Every hand, no matter the result, a percent is taken out for the casino hosting that particular game.
Our founders, who have been running online poker games for years, noticed a glaring lack of innovation in this aspect.
On our platform, platform fees are used to incentivize all players to bring new members into the ecosystem on a per-game basis. A portion of fees collected will be redistributed back to hosts who successfully invite their friends to join each game.
In short, we reward those that host games and bring new players to each game.
Game runners host games primarily for the rake while taking on the risk of managing settlements and the work put in to invite players.
Our smart contract presents a simple solution to the counter-party risk of settlement, isolating the reward of rake to anyone who contributes players to a game.
