Tezos Degen Club opens gates for a DAO 🎉🎉
Hey Degens 🥂
I hope you are all holding well with the recent developments in the markets.
Since our last update, we have been working nonstop to improve the coinflip contract significantly, and we made it a lot better than the previous one!
Now the coinflip contract can be delegated to a baker, allowing the Tezos Degen Club to become a part of the Tezos governance.
For the time being, we have decided to delegate it to Bake Nug Baker.
We are going above and beyond to be transparent and sticking with our goal of creating trustless products on Tezos. The first step in that process is using a third party as a service provider for our gaming oracles.
From now on we will be using oracles by Acurast Network (formerly known in the Tezos ecosystem as Ubinetic oracles, allows developers on Tezos to integrate price feeds, verifiable randomness, or any other off-chain data or computation activity.)
Acurast oracles are provably fair (50/50) and verifiable, so you don’t have to worry about their randomness.
Multiple DeFi projects on Tezos are already using Acurast network services.
You can find all the info about oracles by visiting their site
https://ubinetic.com/oracles/
We will be building a staking contract for TDC NFTs in the coming days, similar to DegenFoxes, which will distribute platform revenue share only to those who stake their NFTs.
This decision was made after multiple requests from the community and also to reward community members who are active and paying attention to the project.
Despite repeated requests to claim the rewards, some wallets remain inactive and are not contributing to the TDC community. We anticipate that the staking feature will address this issue by increasing rewards for active participants.
Here comes the juiciest part of the update. 👀
Tezos Degen Club becomes a decentralized autonomous organization (DAO). 🎉🎉
For the longest part of the past year, we stayed away from the idea of a DAO, mainly because we first wanted to showcase people a successful product with a sustainable revenue model, which is essential for any DAO’s long-term success.
As many of you can see, Tezos Degen Club became quite successful in terms of community and investment returns.
TDC DAO is going to control all the attributes of our coinflip and other contracts in the coming days.
This change will open the gates for a multitude of possibilities.
People can play the side of the house by investing in the DAO and get bigger returns from the coinflip pot, for example.
The TDC DAO is going to have funds to experiment with and invest in various things on Tezos, ultimately to gain better returns for DAO members.
We will share more information about the DAO token and the token sale details in the coming days.
Everything will be handled through our in-house smart contracts, as we have done in the past, with vesting and the scheduled release of tokens for participants.
We will be adding these contracts as tools to the TDC ecosystem, which will be open to use by others in the Tezos community as a whole.
P.S : If you want to get in early on the sale, please reach out to us on our Twitter or Discord.
Regards ,
Degen Dude 🥂
Website : https://tezosdegenclub.com/#/
TDC Stats : https://www.degenstats.com/
Twitter : https://twitter.com/TezosDegenClub
Discord : https://discord.com/invite/UsjbsCRKGx
OBJKT :
https://objkt.com/collection/tezosdegenclub
https://objkt.com/collection/degen_foxes
