APT-Casino-Monad

A couple of days back, I was was on etherscan exploring some transactions and saw an advertisement of https://stake.com/ which was giving 200% bonus on first deposit, I deposited 120 USDT into stake.com they gave 360 USDT as total balance in their controlled custodial wallet and when I started playing casino games I was shocked to see that I was only able to play with $1 per game and was unable to increase the betting amount beyond $1 coz and when I tried to explore and play other games on the platform the issue was persisting, I reached the customer support and got to know that this platform has cheated him under the name of wager limits as I was using the bonus scheme of 200%.

When I asked the customer support to withdraw money they showed a rule list of wager limit, which said that if I wanted to withdraw the deposited amount, then I have to play $12,300 worth of gameplay and this was a big shock for me, as I was explained a maths logic by their live support. Thereby, In the hope of getting the deposited money back, I played the different games of stake.com like roulette, mines, spin wheel, etc, the entire night and lost all the money.

I was very annoyed of that's how APT-Casino was born, which is a combination of GameFi x AI x DeFi 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, I wanted to address common issues in traditional gambling platforms.

Problem

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 Pyth Entropy to ensure all game outcomes are transparent and verifiably fair.

• Flexible Withdrawal Policies: Providing users with unrestricted access to their funds.

• Transparent Bonus Schemes: Clear and Clean bonus terms without hidden traps.

• True Asset Ownership: Decentralized asset management ensures users have full control over their assets.

Key Features

APT-Casino offers a multifaceted platform with three main features:

1. AI - Social Aspect:

• Users create AI-generated NFT profile pictures (Dall-E3) based on keywords.

• View a community leaderboard.

• Explore other players' profiles, recent activity, and ENS.

2. GameFi - Gaming Aspect:

• APT-Casino includes a fully functional European roulette, mines, spin wheel and plinko game.

• All games are powered by Pyth Entropy, randomly generates winning values.

• Winnings are automatically calculated and transferred to the users' wallets.

3. Defi - Lending Aspect:

• Users can deposit any tokens on any chain as collateral to borrow in game token asset (APTC).

• Facilitates gameplay without the need to sell existing holdings.

Diverse Game Selection: A variety of fully on-chain games, including roulette, mines, plinko, spin wheel and more. As a (POC) Proof of Concept we developed fully on-chain games but similar model can be applied to introduce the new casino games to the platform.

How we built it

• Monad and Chainlink Functions: Used to mint NFTs with DALL-E3 (Open AI).

• IPFS Server: We built our own server to save costs and ensure smooth integration with our internal API, which stores NFTs and metadata.

• Monad Blockchain: Deployed the roulette game logic for fast transaction speeds.

• Pyth Entropy: Implemented to randomly generate winning values in the roulette game.

• Next.js, Javascript, Tailwind CSS, Solidity, Metamask Wallet.

What's next

All though started as a idea 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.

• Introducing new games to the platform

• 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.