On September 5th 2021, our community had a chance to welcome Robert – CMO of OWLDAO & Owen – CEO of OWLDAO to join in an AMA to give fruitful information about the key features and roadmap of OwlDAO, a project that aims to innovate traditional crypto casinos to integrate with the new DEFI world. Partnering with leading protocols, the OWL token provides perpetual buyback from casino incomes, plus auto-liquidity and static rewards.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the latest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA, Robert – CMO of OWLDAO & Owen – CEO of OWLDAO directly greeted the community and provided detailed information on OwlDAO as well as some key products, new advanced features and exciting events that will be held in the near future.
Time: 08:00 PM UTC+7 on Sunday, September 5th, 2021
$200 in USDT for the best questions in the AMA.
Below are some main points of this AMA session:
PART I: INTRODUCTION OF OwlDAO
1. To kickstart today’s AMA, please introduce briefly about your team and some key features of OwlDAO.
Robert: Our team has been working on crypto casino games for a while, our key personnel locates across Asia and Europe!
For the OwlDAO, I can give a very short answer fisrt — Advanced multichain casino platform, with DAO subproject providing sustainability, growth as well as use cases for project and stable income for community.
And now would like to talk a bit in details,
1. Unlike the traditional online crypto casinos — we support WEB3 wallets (metamask and later walletconnect) connects, instead of only a standard deposit and withdraw process.
This helps protect players’ privacy, facilitate the deposit / withdrawal process.
2. We aim to innovate the traditional casinos to keep the pace with the DEFI revolution. traditional casino only accepts big market-cap coins such as BTC, ETH, USD stables, etc. while we also support even small DEFI-community coins. To support the DEFI coins, there are benefits for all parties involved.
a. DEFI project owner: they add a good token usage and we will share the profits in their token to them so then can burn their token via their communities playing activities on our platform. this is really important for farming projects, who face sell pressure daily from the productions.
b. Players: They can play use the DEFI coins directly. (and earn some $OWL token)
c. OWLDAO, hence all $OWL Token holders: OWL.Games has pledged 30% of its net profit towards OWLDAO, mainly used to buy-back $OWL token monthly. so the $OWL token value will for sure increasing over time in the long run.
Of course there is a risk involving for listing small-liquidity hence volatile coins, but we have take several measures to minimise the market risk!
2. Next, please share with us the vision and mission of OwlDAO in the coming time.
Robert: Hope did not overloaded you wiht information guys, but I think a detailed intro at this stage is crucial!
Our vision is to transform the traditional casinos that support only the big coins, to be the number 1 crypto casino in DEFI world 😜
We support multi-chain, as long as the chain is EVM compatible, we support it. Currently, we support ETH, BSC, Matic, Fantom, Heco and OEC.
For integration, we will customise the token list, style such as theme and logo for the DEFI project.
👆And this creates an ENDLESS opportunities to grow!
3. Could you please update to the community some latest news or big events of OwlDAO?
Robert: Would love to!
Sep 6th, 5:00 AM we are going to launch IDO on PolyDex, BSC + matic supported!
Also we will be adding more features such as our loyalty system, affiliate system to our website soon!
4. Please share more details of the tokenomics of $OWL, as well as its utility within the ecosystem.
For a better understanding please refer to the picture!
OWLDAO will be boosting the $OWL token with usecases provided by our partners!
OWLDAO will ask our DEFI partners to add farms for $OWL when they list with us. So $OWL token holders can farm on our partners’ farms! Also For listing/ integration with OWL, OWLDAO might need the partner to pay/hold/ lock a certain amount of $OWL for certain period which is also benefiting the project in long term, reducing sell pressure!
Let me share $OWL Tokenomics with you
CF: The information you provided is really fruitful. To continue today’s AMA session, please provide more information by responding to some best questions submitted by members on Twitter that I have chosen right in this Group.
PART 2: PRE-COLLECTED QUESTIONS FROM TWITTER
1. What are the highlights of OwlDAO gaming technology and products that you believe will bring huge success? How revenue does OwlDAO generate to sustain the project, and what plans do you have to attract more players in the future? @hyon_light
Robert: 1. We provide seamless web3 wallets sign in, and we support as many as DEFI tokens as possible as long as the coins meet a few requirement such as liquidity, token holder amt etc. Deposit and Withdrawal is instant and automatic.
2. We will provide the integrated solution for communities and DEFI projects so they can easily own a casino and we will charge setup fees + standard profit share.
3. OWL.GAMES contribute 30% net profit to OWLDAO for monthly buy-back. Plus there is a 10% transaction tax for auto-liquidity adding. Also owldao is mainly responsible to expand the usage of the $OWL token, OWLDAO will try to ask our listing partners to list $OWL for farming on their websites, for example.
4. We mainly work with communities and websites, we will launch an affiliate code system next week. So we will give community admins a code, if someone uses the code to play on owl.games, he will receive $5-$10 credit, which is withdraw-able on wager amount reached. Then the people who uses the code becomes its referral and the community admins will get rebates. This will motivate the community to promo our game.
And also the integrated casino solution. we will talk to listing partners to integrate a casino on their own website.
2. Your project is indeed a project of great innovations, i saw on your website that your IDO will debut on both Binance Smart Chain (BSC) and Polygon Network,this is not something we often see in this space, could you possibly share the motive behind implementing a Dual IDO system? @Greyhair_08
Robert: As we have static rewards + auto liquidity, we can only do on low-cost chains, instead of ETH mainnet. Matic and BSC are the top 2 chains we consider has great potentials. There are just so many good DEFI projects for us to work with on either chain, so we do a Dual IDO system.
3. I have learned that OwlDao charges 10% transaction taxes when trading. What makes you think this high transaction tax rate is appropriate and justified in light of the project’s objectives and value? How will taxes fuel the performance of OwlDao platform? @Candy120820
Robert: This 10% tax is from $SAFEMOON!!!
but as safemoon do a 5% + 5% split for static rewards and auto liqudity providing, we do a 3% + 7%.
We believe the tax is here to encourage a long term holding for our tokens, and we think more liquidity can attract more investors.
As long as the token price + token liquidity increases, people really does not care much about if the token amount increases.
You do not want a dumping token with an increasing amount 😜
4. Marketing is a central element for every project, so that everyone knows the potential that a project can bring is vital to achieve the goals set. What is your strategy to attract new users and Investor to your platform and keep them long term? @Phuongkcl
Robert: Yeah we will soon launch the loyalty bonus system, so as long as you play on our website we will give you daily rakebacks! 😜
If you wager more you will get more rakebacks. Also $OWL token will help us get a $OWL ARMY to support our game platform in return! More Partners integrated — more new communities — more wager — more profit — more profit share to $OWL holders!!
5. Gaming sector is extremely competitive, many platforms have launched attractive products to reach their current user numbers. How will OwlDao team compete with the existing gaming platforms & what extra credits does Starmon offer to attract the players from the other platforms? @Alley19399335x
Robert: 1. $OWL token will be increasing long term, that will attract us a strong community.
2. We have loyalty bonus system (that is common)
3. We support many DEFI tokens, normal casinos won’t support. This is a niche market but we want to specialize in — and this is a big key for our success!
CF: That’s the end of Part 2, I believe all of the members here have gathered enough useful information, also they have many questions to exchange with you today.
PART 3 – LIVE QUESTIONS
1. Do you have an AUDIT certificate or are you working to AUDIT your project, so that its security becomes more secure and reliable?
Robert: Security is our top 1 priority!!!
And yes, we are working with Certik, the best security firm on crypto space!
2. Can you list 1-3 killer features of Your Project that makes it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Robert: We are a crypto casino that aim to integrate tons of partners and their communities! Also our tokens is a SAFEMOON type of assets! This will guarantee a grow in long term (covered by buybacks from platform profits).
You won’t see other casinos doing the same!
3. Do you have a Token Burning plan to increase Token value and attract Investors to invest?
Robert: Maybe in the Future, but the most important here is to mention that we will buyback the tokens monthly using 30% of the casino profit! And trust me in can be really a lot!
Also with our SAFEMOON type of token — $OWL — we will reward our holders with constantly growing balance (automatic) and will add liquidity from the 10% tax fee!
4. Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?
Robert: People love to gamble! And since our project is not focused only on our main community but also attracts other project’s communities, this creates a huge opportunity to grow and expand, which increases the profit of the casino, and by consequence — buybacks!!!
Transfer fee is also making your balance to grow constantly, isn’t it a good incentive to invest for long term?
5. What is the plan to ensure sufficient liquidity on exchanges to fill market orders, especially as adoption increases and clients begin multiplying year-over-year for your project ?
Robert: Our team will provide 100k usdc/busd + 20m token and lock the initial liquidity for 3 years!!!!
Another example confirming that we seriously believe in the success of our project!
CF: Thank you so much for taking your time to join our AMA today, as well as thanks for hundreds of good questions from our community.
Seems like there’re many things to exchange, but I’m afraid the time is up now. For all of the questions that have not been answered yet, guys feel free to search for more information on the links provided below: