Online gambling has been with us for more than a decade now. It can be done on virtual casinos, which are an online version of the traditional casinos. These casinos enable gamblers to play and wager on games such as Baccarat, Blackjack, Craps, Roulette, Slot machines, Poker, Bingo, etc.
Online gambling has already been increasing on a large scale. Further, due to Covid-19, the business of these casinos has grown manifolds due to the closure of many traditional casinos. Because of this, their adoption is expected to increase in the coming years.
Although these casinos have been very successful, there are several disputes between players and the casinos related to reward distribution, fair treatment, etc. Further, many countries such as Belgium, Canada, Finland, etc., don’t grant a casino license to foreign operators. Even they can penalize players and block the foreign casino’s website.
Thus, there was a need and opportunity to take the virtual casino business to the next level. The need to make the virtual casino experience comparable to the traditional one. Further, a need for a decentralized blockchain-based casino that no one authority could control or restrict. In simple words, this was a merger of Online Gambling with Metaverse.
Few crazy enough people built just that in 2019, known as Decentral Games.
So, let us understand what it is and why I am so excited about it.
Decentral Games is a digital platform where anyone can come and play wager-based games such as Blackjack, Roulette, Poker, etc. The USP of this casino is not what you can play here but the playing experience it gives to a player.
The casino is situated in a virtual world called Decentraland, which is developed on the Ethereum Network. Further, the platform is supported by Matic Network, which makes game transactions cheap and super quick.
The casino is owned and governed by holders of its in-house token called DG Token through a Decentralised Autonomous Organisation (DAO). Here the DG Token acts as the governance instrument. I will cover the governance mechanism in detail later in this article.
The company is situated in San Jose, Costa Rica, and was launched in 2019. The team currently has 43 employees across the globe.
The company has been funded by various crypto specific investors such as:
Further, recently the company has raised $5 Million from various crypto investment firms.
Now, let us talk about the founders of this virtual casino.
Miles Anthony – Twitter
Co-Founder & Chief Executive Officer
Miles graduated in 2017 from the University of California, Los Angeles (UCLA) in a Bachelor of Science, Maths, and Economics. During his graduation in 2015, Miles started his first venture, Flux Chargers, an e-commerce company for portable chargers. In 2019, Miles established his Metaverse Multiplayer Wager-Based games platform with Steve and Scott called Decentral Games.
Scott De Taboada – Linkedin
Co-Founder and Technical Lead
Scott has a similar background as miles. He completed his bachelor’s from UCLA in Mathematics of Computation. Scott also co-founded Flux Chargers and later co-founded Decentral Games in 2019. Currently, he is serving as a Technical Lead in the team.
Steve Becerra – Linkedin
Co-Founder & Chief Technology Officer
Before co-founding Decentral Games in 2019, Steve founded Mockworld – a developer of real-time 3D games for the Web, and Digipet.com – a decentralized application built on the Ethereum Blockchain Network.
Steve has a bachelor’s degree in Physics from California State University Sonoma. Currently, he is serving as the CTO of the team.
The various components of Decentral Games are as follows:
Treasury is the backbone of the Decentral Games Ecosystem. It is an open and transparent house fund of the casino.
Further, functions of the treasury can be listed as follows:
The unique feature of this platform is that Treasury balance is accessible to everyone at all times. You don’t have this access in most of the casinos.
The treasury balance on the date of writing this article is $7.25 Million. You may check the updated balance here.
To ensure that the casino runs efficiently, the treasury must always have funds. The Decentral Games team has done this with the help of Liquidity Pools.
Any person can deposit his funds to these liquidity pools and provide liquidity to the platform. In return, the casino would reward the liquidity provider with DG tokens.
For more information on liquidity incentives, click here.
Currently, there are three casino operators on Decentral Games:
Further, currently following games can be played on the platform:
The user interface of the casinos is very interactive and tries to give an experience equivalent to a traditional casino. I would suggest you check out the casinos here. As a reference, this is how Tominoya Casino looks.
Players on Decentral Games are rewarded with DG Tokens (in-house token of Decentral Games) for playing games. Further, players get more rewards for referring other players. This helps in the overall adoption of the platform. If more players play at the same table, then each player gets higher rewards as it keeps the virtual atmosphere lively and social. Further, to make the atmosphere livelier, there are various events that Decentral Games organize.
For more information on gameplay rewards, click here.
Decentral Games platform is a Decentralised Autonomous Organisation (DAO) that is wholly owned and governed by DG token holders. Thus, the DG token works as a governance instrument of the platform. You can stake your DG tokens here.
The community on Decentral Games can vote on the following issues:
Please note that voting right is available only on staked DG tokens. Further, there is a pretty decent staking return paid by the platform in DG tokens. As of the date of writing this article, the staking return is 23.26% per annum.
It is worth noting that DG Holders can only vote for the features of the platform. They cannot interfere in the operation and management of the company and do not have any equity interest in the company, its assets, or its affiliates.
For more information on governance rewards, click here.
The most important component of the Decentral Games platform is its in-house token, i.e., DG Token. It is the primary utility token that plays a significant role in the functioning of the platform. DG Tokens are ERC 20 tokens and are used as a medium of exchange between participants and the platform’s ecosystem.
However, DG tokens are intended to be a medium of exchange on the Decentral Games platform only. DG tokens are not intended to be a medium of exchange for payment of goods or services or discharge of debt outside the platform. Further, the DG tokens do not represent any equity right in the company.
The use cases of DG Token are as follows:
The economy of DG token is as follows:
|Maximum Supply (Source)||1,000,000 Tokens|
|Total Supply||1,000,000 Tokens|
|Circulating Supply||281,789 Tokens (28% of Total Supply)|
|Value of Token (in $)||$111.95|
|24 Hour Trading Volume (in $)||$521,734|
|Market Cap (in $)||$31,423,856|
The maximum supply of DG Tokens is 1 Million, which will be distributed over 6 years, i.e., till 2026, as follows:
Allocation of DG Tokens
|Particulars||Percentage||No. of Tokens||Purpose|
|Community||62%||6,20,000||Distribute to the community|
|Gameplay Rewards||33%||3,30,000||Game rewards|
|Ecosystem Support||16%||1,60,000||Incentivize development and strategic partnership on the platform|
|Liquidity Incentives||9%||90,000||Rewards for Liquidity Providers|
|Governance Rewards||2%||20,000||Staking rewards|
|Community Airdrop||2%||20,000||Airdrop rewards|
|Team||20%||2,00,000||For the DG team and future employees|
|Early Participants||18%||1,80,000||For early participants|
You can buy DG Token on the following exchanges:
The pros of Decentral Games are as follows:
|The pros of Decentral Games are as follows:||The possible cons of Decentral Games are as follows:|
I would suggest you explore the platform and play some games.
Click Here to Play on Decentral Games. In order to proceed through this link, you would need to connect your Metamask wallet to the platform.
Further, you would get 5,000 chips free to play Blackjack or Roulette.
Go ahead! and enjoy the Virtual world of gambling.
With the tremendous increase in the global online casino business in the last few years, there is further massive growth potential.
In order to build up and stand out in the market, Decentral Games needs to compete with existing online casinos such as Luckster, 22 BetPartners, CasinoDays, etc. Further, there are a few other projects that are merging blockchain with gambling or gaming such as Atari, CoinPoker, Lotto, etc.
Decentral Games has the potential of being the number one virtual casino because of its unique user interface, platform transparency, and DAO-based community control. But everything narrows down to the ultimate adoption of the platform, which will decide its fate.
Therefore, with a possible increase in the platform’s adoption, I understand that there is substantial growth potential in the value of the platform’s in-house token, i.e., DG Token.
This report is intended for CoinSutra VIP users. This research report is based on the current market conditions and should not be treated as direct financial advice. Investing in crypto-assets has risk due to high volatility, so invest only that amount which you are ok to lose.
Decentral Games is a Virtual Casino where anyone can come and play wager-based games such as Blackjack, Roulette, Poker, etc.
It is the primary utility token that plays a significant role in the functioning of the platform. DG Tokens are used as a medium of exchange between participants and the platform’s ecosystem.
DG token can be earned by:
1. Playing games on the platform
2. Staking DG tokens in governance contracts
3. Providing liquidity to the liquidity pools
4. Affiliate bonus by referring players
You can buy DG tokens on the following exchanges:
No, residents of a jurisdiction where online gambling is banned (such as the United States of America (USA), China, and South Korea) are not allowed to access Decentral Games.