Royale Finance (ROYA)
Restoring the name of DeFi in iGaming
- Having its proof-of-concept launched in 2020, Royale Finance is a decentralized lending protocol, an initiative to bridge the gap between DeFi and iGaming.
- The “iGaming DeFi disruptor” (as they call themselves) aims to incentivize entrepreneurs in the online gaming environment, in return, offering them a handful of opportunities, among others, to bankroll their platforms, to access liquidity as utility (LUI), and to efficiently secure a gaming license.
- The official platform, Royale Web 3.0 Mainnet V1.0 has the following features:
- Royale DApp Stablecoin Liquidity Provision
- Royale Pool Token (RPT) Staking & mROYA Farming
- Royale Staking Lots
- ROYA Reserve & mROYA Farming
- DeFi Powered Gaming Liquidity
- ROYA is the in-house token powering the Royale Finance functions.
- As of January 2021, Royale Finance managed to raise $1.5M.
Key metrics (as of 16th of May)
Token type: ERC-20 token
Circulating supply: 10,017,979.00 ROYA (14%)
Total supply: 72,000,000 ROYA
1. What is Royale Finance?
Royale Finance is a decentralized industry-focused lending protocol basing its mechanisms on DeFi primitives.
Calling themselves iGDeFi, they are a cross-chain liquidity and technology solution for iGaming platforms.
Launched as an attempted fix for the security and trust loopholes in gaming platforms and for the liquidity access for game developers, they claim that many game developers halt their progress because of the lack of resources.
Using provably fair algorithms and a system that ensures entrepreneurs a chance to find their place in the game development industry, Royale Finance aims for a more open market that allows new and innovative ideas to sprout.
2. ROYA price statistics (as of May 16th 2021)
Royale Finance Price: $0.2953
Initial price (January 8th, 2021): $0.2194
24h Low / 24h High: $0.2803 / $0.2972
Trading Volume: $1,330,594.63 (12.66% up)
Market Cap: $2,959,912.18
November 26th, 2020 — partnering up with Vendetta Capital (advisory firm niched on decentralized finance projects)
December 2nd, 2020 — collaboration with Kyros Ventures (group of influential entities in the Vietnamese blockchain industry)
December 3rd, 2020 — first seed placement round sells out and a second one is announced
December 7th, 2020 — strategic partnership with Alphabit (digital asset investment fund)
December 14th, 2020 — announcement of new integration partner TIDAL Finance and of the debut of IDO on Polkastarter. Royale opens two contribution pools on Polkastarter, the Queen Pool for applicants offering 1.675M $ROYA, and the King Pool for applicants offering 0.825M $ROYA, who also have 1,000 $POLS TOKENS.
December 18th, 2020 — Fomocraft becomes an active supporter of Royale, contributing to the seed round and helping with advice on marketing, communication, and crypto strategy.
December 21st, 2020 — announcement that on January 8th, 2021 ROYA will be listed on Bithumb Global
January 4th, 2021 — Fund AU21 Capital joins the investor’s group for Royale
January 11th, 2021 — On a majority of 232 votes out of 280, Royale decides to lock liquidity in Unicrypt smart contracts on the grounds that this move would “reduce slippage and encourage trading volume in the ROYA/ETH swap pool”.
January 12th, 2021 — second integration partner announced, BetProtocol
The partnership is an all-in-one tech solution that combines the liquidity pools of Royale with the provably fair technologies and vigorous crypto integrations of BetProtocol.
January 19th, 2021 — strategic partnership with CasinoLicense.com
In view of this new partnership, Royale claims to help the iGaming companies supported by their platform efficiently obtain licensing services. In return, CasinoLicense.com’s clients gain access to Royale’s liquidity pools.
January 21st, 2021 — collaboration with Mantra DAO to launch a staking reward program, having the first 100,000 $ROYA deposited benefiting a 467,2% APY.
January 21st, 2021 — announcement of their first Royale Rarities NFT Collectible, the “Queen of Queens”
The ones who own the “Queen of Queens” have the advantage of priority access to special promotions and exclusive iGaming access.Founders claim that NFTs will be an important element in the Royale ecosystem, consisting of art pieces and rewards, such as airdrops of ROYA and tokens from partner projects.
Also, Royale NFTs could be used:
• as a financial product (loans and insurance contracts)
• in iGaming by the partnered companies as rewards for their players
Royale is to withhold a 5% transfer fee from the seller and buyer, a fee that goes directly into the Royale liquidity pool.
February 4th, 2021 — partnership with e-Money for a handy infrastructure that will aid entrepreneurs to bankroll their platforms (using stablecoins).
February 24th to March 10th, 2021 — Incentivization program, rewarding 10.000,00 ROYA
February 25th, 2021 — partnership with DeFi Wizard in order to integrate Binance Smart Chain ROYA becomes available for transaction on Ethereum and BSC
March 3rd, 2021 — partnership with SpiderDAO
This partnership results in giving users access to liquidity as utility, which subsequently will enable gamers free access to SpiderVPN.
– partnership with API3 in order to oversee the price data transparency
Benefits: no middle man, no further taxing, and fewer oracles.
March 8th, 2021 — partnership with CyberFi’s ITAP (Intelligent Trading & Automation Platform), a tool for efficiently managing trading, farming, and liquidity pooling and yielding analytics
March 11th, 2021 — collaboration with Dafi
– partnership with Playcent, a decentralized user-generated content platform for apps, games, NFTs, and tokens
The partnership focuses firstly on introducing ROYA inside the platform for users to play for assets, subscriptions, and in-app purchases.
March 15th, 2021 — strategic partnership with Peckshield, security auditing expert.
This partnership benefits the Royale platform of risk control, defense deployment, and code auditing.
March 16th, 2021 — collaboration with Bonded, doubling down on the research for growth opportunities.
So far, the developments have produced effects in the accessibility of capital resources, borrowing, and landing ROYA, increasing ROYA demand and controlling scarcity, earning liquidity incentives, and BOND tokens.
March 17th, 2021 — partnership with Boson Protocol
The collaboration aims to turn in-game currency into real-life spendable money.
March 25th, 2021 — partnership with Kylin Network, increasing the data reliability of smart contracts.
The prominent platform offering oracle services will provide tools to users in order to create a trustless trading system.
April 20th, 2021 — collaboration with Sheesha Finance Going way back (the founder of Sheesha Finance is one of Royale’s early investors), the collaboration aims to create Liquidity Generation Event: a series of staking mechanisms boosting the contribution of Ethereum and Binance Coins to the available blockchain networks in return for Liquidity Provision Tokens.
April 8th, 2021 — integration of Bridge Mutual widget* in the Royale platform
* Bridge Mutual is a decentralized risk coverage solution allowing users to access the protocols directly from the app.
April 11th, 2021 — Royale collaborates with Immunefi to solve network security issues
April 21st, 2021 — the launch of Royale Mint (a staking pool) in collaboration with Ferrum Network
The partnership rests on Ferrum’s knowledge of interoperability with fiat currencies and DeFi solutions.
May 6th, 2021 — announcement of Royale Finance Web 3.0 Mainnet V1.0 Launch
Features of Royale Web 3.0 App:
• Royale DApp Stablecoin Liquidity Provision
• Royale Pool Token (RPT) Staking & mROYA Farming
• Royale Staking Lots
• ROYA Reserve & mROYA Farming
• DeFi Powered Gaming Liquidity
3. Community and Social Media Channels
Royale Foundation’s Website
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Royale Foundation’s Telegram
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Royale Foundation’s Twitter
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