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Some Quick Facts Netwebo Web Hosting
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Netwebo 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 Netwebo 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.
The Netwebo 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, 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 $DG token
The native digital cryptographic-ally-secured utility token of the Netwebo ecosystem ($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.
Netwebo 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.