GoldenBall Protocol Announces Token Sale on Pancake Swap

November 16, 2021 5:40 AM EST | Source: CaphIQ

Tallin, Estonia--(Newsfile Corp. - November 16, 2021) - Golden Ball Protocol, a community driven, fair launched DeFi token, announced the launch of its token sale on popular DEX platform Pancakeswap. Users can get their hands on the next generation BSC-based utility token that is set to revamp the online betting and gambling industry.

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Figure 1: GoldenBall Protocol Announces Token Sale on Pancake Swap

The golden ball token utility will encompass cutting-edge gambling and gaming options. The minimum viable product (mvp) will be rolled out with three tried and tested gambling options that have a track record of securing significant adoption on previous dapps. These tried and tested gambling options, combined with golden ball's competitive advantages and the golden ball token use cases (both detailed below), will be leveraged to secure early traction of the dapp. Once an early user base has been onboarded, and any potential feedback from these users has been addressed, golden ball will begin to implement more popular gambling options and will eventually progress to implementing proprietary games.

Moreover, golden ball will provide users with the possibility to enter online worlds with thriving virtual economies. Golden ball will roll out online games that enable users to collect virtual items and trade these items on a liquid marketplace. Similar to massive multiplayer online role-playing games (mmorpg) like runescape, participants will be able to compete and interact with others to build digital wealth that can easily be transitioned into other assets. This provides an extremely enticing opportunity in an era where central banks are incorporating excessively expansionary monetary policies, this is particularly pertinent to citizens in areas where their domestic currency is undergoing severe devaluation at the hands of inflation. For instance, venezuelansfarming gold on runescape began earning over ten times the salary of a doctor in the country.

Golden Ball Would Incorporate True Decentralization to Resolve Current Problems

Golden ball has structured the dapp in a manner that avoids the adoption pitfalls of previous generations and helps foster favourable conditions to the technology becoming the leading gambling and gaming dapp. The biggest gaming and gambling coins currently have market valuations of $2.8 billion and $475 million. By securing a leadership position, alongside the bullish growth of the broader digital asset ecosystem, golden ball anticipates that it will grow to have a market valuation greater than the combined $3.3 billion valuation of the current biggest gaming and gambling platforms.

With the imperative of becoming the leading blockchain-based gaming and gambling platform, golden ball will put in place the following structures to secure a competitive edge over incumbent platforms:

Easy setup: users will be able to get started in less than one minute. Golden ball will support a wide variety of Binance smart chain ecosystem wallets, enabling users to simply link their wallets and start betting immediately. No kyc, no restrictions, just gambling.

Openly auditable algorithm: the true fairness of previous gambling platforms has been nebulous, while transactions have been openly auditable on the underlying blockchain, the algorithm behind the gambling games has been hidden. Golden ball will be the first dapp with an openly auditable algorithm, allowing users to verify the fairness of the games they're participating in.

Seamless ux experience: gambling dapps of previous generations have predominantly been hindered by clunky and poorly-designed uxs. Golden ball has assembled a deeply experienced design team to shape a seamless and intuitive ux.

Cutting-edge gaming technology: blockchain-based gaming apps have also historically provided a poor user experience. The infrastructure underpinning the golden ball game offerings will provide an unprecedented experience to blockchain-based gamers, the technology stack has been carefully considered to address all of the major issues that are present in the incumbent blockchain-based games.

Permissionless payments: the decentralized nature of golden ball will enable users to easily make payments with no restrictions. Peer-to-peer payments, micropayments, and asset conversion all become easily manageable

The security of the binance smart chain ecosystem blockchain: the transactions carried out in the golden ball dapp will be settled on the binance smart chain ecosystem blockchain, a network secured by vast computing power distributed worldwide. Deeply experienced team-golden ball has assembled a team of experts in both the field of blockchain technology and online products.

The Golden Ball Token ($GLB) and Its Utilities

The golden ball token (glb) will play a critical role in the golden ball ecosystem network. It will bestow users with unique privileges within the dapp. Glb token holders will have access to exclusive promotions that will give them an edge on the gambling games offered in the app. Glb token holders will be able to further this edge by viewing odds related to various games which remain hidden to users without sufficient glb tokens.

Blockchain's suitability to gambling-related applications was evident from the early proliferation and adoption of gambling-related applications on blockchain technology. Until 2020, gambling was the dominant decentralized application (dapp) type and was the only application type that catered to over 1 million users. Gambling dapps also accounted for the million share of active users. Over 50% of the gambling dapp users were active on a daily basis and gambling accounted for roughly 40% of the active users of all dapp sectors.

The growth of defi means that gambling's domination of dapp usage has been displaced and is unlikely to return. However, the rise of defi is ultimately a healthy development for the prospects of gambling-focused dapps.

The growth of defi has resulted in more capital entering blockchain-based protocols, more liquidity for tokens underpinned by these protocols, and greater attention given to crypto-related assets generally, the next-generation gambling apps will have a wider user base to address, a bigger capital pool to compete for, and a more competitive environment in regards to other applications. With the gradual improvement of blockchain-based dapps, it is critical that the next generation of gambling dapps improve and innovate upon previous generations and provide their users with more valuable and enticing offerings.

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