What Is Decentral Games Governance(xDG)?
Decentral Games Governance is a DAO-governed metaverse casino powered by $DG. Players earn $DG rewards for playing games, LPs earn $DG for providing liquidity, and holders earn $DG for participating in governance of the casino house funds treasury. dgGov – governance contract that requires $DG to be staked to participate in voting on various proposals for ecosystem improvements in order to receive $DG incentives. liquidity contract that distributes $DG rewards for the ETH-DG Uniswap V2 pool to incentivize liquidity service providers.
To align Decentral Games Governance ecosystem development with community interests, 62% of the $DG supply will be distributed to the community primarily to incentivize participation in gameplay, provision of liquidity, and governance rewards.
Decentral Games Governance Storage Key Points
|Coin Name||Decentral Games Governance|
|Circulating Supply||5,523,290.00 xDG|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
The Decentral Games Governance ecosystem revolves around the dgTreasury, which is an open and transparent casino house funds treasury, which would bankroll all games thereon. This would require a sufficient buffer of funds in order to cater for mathematical variance in the odds offered by the casino games. All fees collected from players will be collected in this treasury (in MANA and DAI), and it would also pay out players’ winnings. In order to promote community governance for the network, $DG would allow holders to propose and vote on governance proposals to determine features and/or parameters of the decentral.games ecosystem, with voting weight calculated in proportion to their token holdings.
For the avoidance of doubt, the right to vote is restricted solely to voting on features of the decentral.games ecosystem, development of new features through allocation of treasury funds; the right to vote does not entitle $DG holders to vote on the operation and management of the Company, its affiliates, or their assets, and does not constitute any equity interest in any of these entities. Further, users would be incentivized with $DG to participate in governance of this novel ecosystem.
Native $DG token
The native digital cryptographic-ally-secured utility token of the Decentral Games Governance ecosystem ($DG) is a transferable representation of attributed functions specified in the protocol/code of the decentral.games ecosystem, which is designed to play a major role in the functioning of the ecosystem on the decentral.games ecosystem and intended to be used solely as the primary utility token on the network. $DG is a non-refundable functional utility token which will be used as the medium of exchange between participants on the decentral.games ecosystem.
Decentral Games Governance goal of introducing $DG is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the decentral.games ecosystem, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer.
In order for the Decentral Games Governance ecosystem to function properly, users would need to be incentivised to play the role of liquidity providers and stake their digital assets into the MANA/DG (98/2) or DAI/DG (98/2) market making pools. As compensation for opportunity costs as well as impermanent losses, these liquidity providers which help to promote adoption of the decentral.games ecosystem by staking or including assets to liquidity pools would be rewarded with $DG tokens (i.e. “mining” on the decentral.games ecosystem), according to each user’s relative contribution after various adjustment and correction parameters.
Governance rewards would allow $DG holders additional $DG for staking in the governance contract to vote for the first year of operations. Decentral Games Governance It is important for a diverse community of users to step up to share and exchange balanced views on the overall direction of the project, and govern the decentral.games ecosystem, because the Central. games team intends to fully handover such tasks to the community. It is these community members which would drive development of the decentral.games ecosystem, so $DG token incentives would need to be distributed to compensate them for their time, expertise and effort.