DABANKING
The gaming industry has witnessed tremendous success with the advent of decentralized computing platforms. It has attracted a large number of zealous gamers who are earning lucrative sum of money on a weekly basis owing to the ease that decentralized platforms offer. In fact, decentralized computing platforms such as Ethereum and EOS are responsible for the swift increase in the revenue of the gaming industry.
Seeing the rise in demand for games on decentralized networks, DABANKING introduced its finest FomoJackpot lottery program. FomoJackpot is based on blockchain technology. It is built on the Blockchain of Ethereum and is known for its transparency and fairness. Together with the Dapp Game, it is collectively called FomoGame.
What is the difference between a decentralized and centralized network?
Centralized Network
In simple words, a centralized network is the one where multiple users are able to connect to a central server. This central server works as an acting agent for all the communication taking place.
These centralized networks have a middleman ensure smooth functioning of the operations. A centralized network consists of all the information of a user account as well as store the communication. A centralized network is efficient, consistent and affordable since it requires less infrastructural support.
However, it has its own disadvantages. With Centralized networks, users are inadvertently giving up control of their data because important information has to be stored. Centralized networks cannot be scaled up as they are entirely dependent on a single server. Furthermore, if one system fails, the entire network would be affected.
Decentralized Network
Decentralized networks are independent of a single centralized authority. This means that multiple parties are required to make their own decisions independently.
The entire infrastructure in decentralized networks are based on nodes. Each node consists of a copy of the network configurations. These nodes are also responsible for efficiently routing the data packets. Thus, the network is not dependent on a single central hub which makes it a decentralized network.
How has decentralized network revolutionized the gaming industry?
Decentralized games have brought in new and innovative gaming techniques that weren’t possible previously. Gamers can own the characters if they the game is on decentralized networks. These games also consist of a built-in native currency. This proves that the hype around gaming on decentralized networks is justified.
How can you join FomoJackpot in the decentralized network of ETH?
You have to learn the rules of the game if you want to join FomoJackpot and win prizes. To begin with, FomoJackpot runs on decentralized network. Hence, if you want to join FomoJackpot, you will have to install the MetaMask Wallet on your computer.
In case you want to play FomoJackpot on your mobile phone, you will be required to install Trust Wallet on your phone. These two wallets allow people to enter ETH Decentralized Network. FomoJackpot provides player a chance to win with a very small amount of 0.002 ETH for a ticket.
How to register an account on FomoJackpot?
- Step 1: Register an ETH Wallet (Trust or MetaMask Wallet)
- Step 2: Install MetaMask Wallet Extension on your browser (Chrome, Firefox,…) or Trust Wallet on your phone
- Step 3: Access to FomoBanking.io, a dialog box from MetaMask Wallet will appear. Click “Connect” in order to allow FomoBanking.io access to ETH Decentralized Network.
- Step 4: Click “Signup” in the right corner on FomoBanking.io page
- Step 5: Fill in your “Username” and it must be unique
- Step 6: Then, you will be direct to your ETH Wallet and you must have Ethereum in your wallet for the successful registration.
- Step 7: After successfully sign up, come back to FomoBanking.io and log-in to your account
- Step 8: Let’s play FomoJackpot
The price mechanism for FomoJackpot
Each ticket has a starting price of 0.002 ETH and the price increases as the Gold Clock begins to run. Once you have registered an account, the entire ETH purchased Ticket is allocated as follows:
● 50% into the award
● 20% Instant Income
● 17%: Referral Income
● 10% of dividends
● 3% Develop new products
When having a ticket buyer, 50% of ETH sales will be allocated to the prize pool and divided as follows:
- 50% : Diamond
- 20% : Ruby Chest
- 5% : Gold Chest
- 4% : Silver Chest
- 1% : Drawer Prize
- 20% : Next Round
The Clock Mechanism
FomoJackpot consists of two countdown clocks, Green Watch and Gold Watch:
● A countdown of 48 hours will be set on the green watch. When the clock runs below 24 hours, each new ticket will add up to 30 seconds plus but no more than 24 hours.
● In the same way, a countdown of 48 hours will be set on the gold watch. The gold watch only starts to countdown when the current ETH prize is higher than the previous round.
The first round will be called Zero Round. At the Zero Round when the prize pool has a total of at least 300 ETH, the gold watch starts running.
Various Income Mechanisms
Winning Income
A huge amount of ETH can be won in for treasure upon buying the ticket.
➢ Diamond chest
➢ Ruby Chest
➢ Gold Chest
➢ Silver Chest
➢ Accompanying is the reward value of the “Drawer” Prize
Dividend Income
Dividend Pool contains 10% of total ETH tickets purchased and all profits of FomoGame. The dividend pool will be paid out every two weeks according to the following structure:
➢ 70% of the ETH in the pool is divided equally to all accounts that have frozen DAA Token.
➢ 30% of dividends pool will be added to the next 2-week dividend pool.
At the end of the dividend payment, all DAA tokens will be unfrozen and need to be frozen again to receive next dividends round.
Gaming Income
Games can be played with ETH, DAA Token or directly with ERC20 wallet containing ETH. If any gamer plays the game with the DAA Token then he need to deposit token to the system’s virtual wallet before playing. This has to be done because the Smart Contract of Ethereum does not allow direct token from ER20 wallet to play.
The more you play with ETHs, the more you will exploit the DAA token, doesn’t matter if you win or lose.
Conclusion
No one would miss out on the opportunity to play FomoJackpot which provides both the ease of access and exciting prize winning opportunities. There is no doubt that the future of gaming industry lies in decentralized gaming platforms like FomoJackpot.
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