It catches my attention this is a protocol which allegedly allows people to get some passive income in Bitcoin and gives more importance to Bitcoin than some token issued by the casino itself.
However, I must say there are many details which I don't understand how this casino is supposed to remain decentralized and at the same time offer benefits in Bitcoin, perhaps it is because I am missing something or I am not informed on the capabilities of this protocol run by the casino...
The system is based on ERC-4626, which is a modernized and secure vault standard. Investors deposit BTC, and players play roulette using the pooled funds. Since a casino is mathematically always profitable, the investors’ deposits grow over time. PURPLE token holders receive a portion of the revenue.
Investor returns are generated from two sources:
Players’ losses
Betting volume (turnover)
How is the casino’s profit generated?
2.7% of the TOTAL TURNOVER from each bet is distributed as follows:
44.4% ($W × 0.012) — Investors (Liquidity Providers)
29.6% ($W × 0.008) — Affiliate Partners (Referrals)
14.8% ($W × 0.004) — $PURPLE Staking Pool
9.3% ($W × 0.025) — Security Reserve Fund
1.9% ($W × 0.0005) — Croupier Mechanism (Maintenance)
The casino operates on RBTC (Bitcoin on the Rootstock network — the most secure and decentralized smart contract network for Bitcoin).