At a glance OwlDao
With many big individual players and institutions flocking the crypto verse in recent time, it is no longer a question of if blockchain will ever achieve mainstream adoption but a question of when it will.
The applications of blockchain have been numerous, and cryptocurrency is saving the way for new world money order by leveraging blockchain technology to remove the third party interference associated with centralized financial structures handing the initiatives to individuals in a manner known as decentralization.
Further proof to the improved mainstream adoption is the collaboration between the popular online casino game platform "OwlDao" and the established business tokenization firm in "Trueplay" to incorporate blockchain into the OwlDao casino platform in a move to further improve the reward to users by leveraging the blockchain technology through the tokenization of the platform using cryptocurrency to reward users.
What is OwlDao ?
OwlDao is an online casino platform with track record to as far back as 2018, with a user base that is in the excess of 300,000 real users and an active 10,000 daily users of the online casino platform with a net profit of $4.5 million making it one of the most successful online casino platform in the world.
OwlDao is looking to further incentivize the platform by their introduction of a digital currency of their own which will be used as a means of payment and reward on the platform.
OwlDao aim is to improve the reward for its users by leveraging the blockchain technology in achieving this aim. The tokenization of the platform is made possible by the Trueplay team; a reputable business tokenization firm that helped in the development of $Owl token for the OwlDao casino platform.
$Owl TOKEN
$Owl is the new utility token of the OwlDao online casino platform. It is set to replace the existing loyalty reward programs on the platform by creating additional ways of earning to gamers through leveraging the staking and mining feature made possible by the decentralization of the newly adopted payment method. Gamers earn incentives by purchasing and staking or mining the $Owl token.
Uses of the $Owl Token
Fuel to power the OwlDao platform
As incentives
Utilities token
Security
Governance
How does it work?
OwlDao will leverage its introduction of a cryptocurrency of its own to provide additional reward for users of the online Casino platform through various means such as passive income through reflex, true mining, and staking.
OwlDao Ecosystem sends $Owl tokens to users as a reward for placing bets in a process known as true mining, and users can stake their tokens via truestake to earn APY on it also. The goal is to replace existing loyalty rewards with incentive programs using the new token of the online casino platform giving users an opportunity to earn more.
*Benefits of OwlDao
• Easy deposit,
•withdrawal and transfers
• Earn for placing bets
•Staking $Owl token to earn more
•Easy conversion of tokens to cash
Security
Tokenomics
The newly adopted cryptocurrency of the OwlDao online casino "$Owl" is an bep20 token based on the binance smart chain, the token will serve the native currency of OwlDao online casino platform and in addition to it being the utility token of the platform, it will also be uses to incentivize the OwlDao online casino.
$Owl is a deflationary token with a total supply of 30,000,000, and a monthly buy back by the team to help further increase the token scarcity and push the token price up.
Token Ticker: $Owl
Chain: bep20
Total Supply: 1,000,000,000
Conclusion
With an already established OwlDao casino market with active users in the excess of 13,000, the $Owl token is destined for great things and should be the next big thing in the crypto space with all factors in its favor,minimum supply and an established OwlDao ecosystem to adopt it.
For more information and resources:
https://owldao.io/
https://twitter.com/OWLDAOio
https://t.me/owlDAO
Authority
Bitcointalk username: Qikiye
bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2883566
telegram username: @qikiye1
ETH 20/Bep20: 0x364B69A367E09266063BfE4F1905295cE798f75c
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