On 25 January 2021, we had an AMA with Spartan Casino - a next-generation platform of casino gaming using the familiar Ethereum blockchain network. Spartan is a new and improved casino model that will create a paradigm shift in the online gambling industry and solve all current issues with trust, security and reliability.
This AMA was held by CryptoFamily Group – the top crypto community in Vietnam, where investors and traders can obtain the lastest news and signals from bot/ admins, as well as discuss and share investment experiences in the crypto space.
At this AMA session, CMO and COO of the project – Mr.Christopher and Mrs.Kavita went live to greet the community and provide detailed information about Spartan Casino as well as several ourstanding key products and features.
Time: 08:00 PM (UTC + 7) on Tuesday, Jan. 25th 2021
Venue: https://t.me/CryptoFamilyGroup
Airdrop 200 USDT includes 2 parts:
- 5 Questions in Google Form and Twitter ($ 20 each)
- 5 Questions in Free-asking ($ 20 each)
Hereafter I will summarize some main points of the AMA session:
Part 1: Introduction of SPARTAN
Question 1: First, could you introduce your team and Spartan.casino briefly?
What are some advanced features that help increase user experience in the online gaming industry?
Mrs.Kavita: Spartan has a very experienced team of professionals who have the knowledge and experience of blockchain, igaming, sports betting and of building up online businesses from the scratch. Our CEO is a thought leader in blockchain technology and has solid experience in building casino frameworks,in sports betting, advertising, marketing, lead generation and in bringing channel partners together. He has the craft and experience of building successful businesses from scratch.
Our CMO is responsible for global growth through marketing, gaming advertising and lead generation in different DEX, SM and other blockchain platforms. Our COO has 30 years of experience in financial management and operations with multinational companies and is responsible for building the operations and finances of Spartan. We have an excellent team in addition, on the legal, marketing, IT Design and support side working round the clock to stream information and supporting the platform and social media channels.
The gaming industry is leveling up day by day and so as to meet the player’s expectations we have some games with Virtual Reality (VR) to lead the way. Also, with the easy-to-understand Enhanced Graphics in multi languages so as to provide better experience of gaming in all parts of the world and foremost, all the games are online so you can find the best place to sit around and get the amazing experience of our games and earn tokens and rewards.
Question 2: Please give us some more details about hot new events, like the upcoming $WAR presale on LID Protocol.
Mrs.Kavita: WAR is a fixed supply token of 100 million with no mint operation. We have about 6 AMAs lined up with reputable platforms like Crypto family, Satoshi Club, Uniswap Pick, Gamehunter, Inevitable Team and finally LID before the presale commences on the 27th of January. Another attractive feature is that 70 percent of the liquidity from the presale raise will be locked in Uniswap and the unsold tokens will be proportionately distributed to the Investors. The listing on Uniswap soon after the presale is over, will give access to the Investors to trade and have liquidity in the secondary market. The funds and proceeds from the token sale will be principally deployed for the project and platform development enabling us to integrate the best technology and solutions through some of the best Partners in the Industry. We are in conversation and in the process of ties ups with the most prominent Sports betting, igaming and egaming players in the Industry.
Question 3: What is the vision of Spartan.casino in the near future?
What do you plan to achieve mass adoption and raise people's awareness in the Vietnamese community?
Mrs.Kavita: It is the vision of the Spartan team to make Spartan one of the topmost online blockchain casinos with wide reach and accessible to users across the globe. We are going to launch some of the most path breaking technologies, and foster partnerships with some of the biggest brands like Sportsradar, Bet Radar, Evolution Gaming, Play tech TV Bet, Vivo games etc. We are already in advanced discussion of Partnerships with some of these brands and are about to close some deals. The online blockchain casinos has a great future as the landscape of the gaming Industry has changed diverting traffic from the physical casinos now to more and more online casinos. As is evident from the recent phenomenon in the market, crypto has now been more globally accepted as the alternative currency and mode of exchange.
Part 2: Pre-collected questions from Google form and Twitter
Question 1 from @foxxy_zxx: What is the main difference between $ION and $WAR token? What are the role they play in Spartan ecosystem and are there any benefits for their long-term holders?
Mrs.Kavita: IRON is a staking token with a mint operation. It has a total supply of 10 billion. 3 billion is pre minted and 7 billion will be mined as the users or players will wage and bet while playing or by watching advertisements and live dealer games. IRON is principally a gaming token which will also have value in the secondary market when it gets listed on various Exchanges. We are planning to list IRON on DEX and other Exchanges in the next few months at an elevated price. Game developers will also be rewarded with IRON coins for contributing to the growth and game selection of the Spartan platform. The IRON coins are ERC-20 Tokens created on the Ethereum Network meaning they are easily convertible to Ethereum. Most casinos are currently built on the Ethereum Network. Ethereum is speedy, with fast processing time, and very well tested, Ethereum (ETH) has low volatility and is fluid.
WAR is the Warrior Token on the Spartan.casino platform and it allows the holders access to an incredibly unique revenue stream on the platform. To further drive the value of the WAR token, only 100,000,000 tokens will be available, to experience the power of war all holders will stake the WAR token on their Metamask and trust wallets and that is how the participants are instantly recognized on the platform. WAR token holders will have access to ads and certain games on the spartan.casino platform. In addition, war token holders based on their holdings, will be given loyalty bonus in the form of IRON tokens which is our staking and gaming token giving Investor's access to games and other Sports betting platforms. We will be adding the staking feature to WAR as well which will enable them to earn rewards from the network.
We also expect the WAR token to be listed in the secondary market soon after at an appreciated price because of its wider acceptance and the fact that the online blockchain gaming industry has been growing exponentially in the past few years. The Paid per view model proposed will give viewers the chance to watch sports and receive unique immediate rewards on our platform and allow them to cash out those rewards with our partner exchanges as well as other decentralised platforms such as Uniswap and direct trading swaps turning their time into money any time they wish. The token holders will grow as the company grows as they will also have rewards and stake into company’s profits and revenue.
CF: So I guess the main difference between the 2 models of token is the mint operation and their applications in the platform, right?
Mrs.Kavita: Yes thats right. War is a fixed supply token with no mint operation and IRON is a staking token with mint feature. The latter is a gaming token but WAR allows users and Investors to access ads, games using the tokens as well as participate in profits and ad revenues of the company. In simple language both are win win tokens. In addition based on share holding of war tokens Investors will be entitled to loyalty bonus in the form of IRON tokens.
Question 2 from @toney528: Casino games is very difficult to win. Many people are even afraid to gamble thinking they are going to lose money. What is the differential of the Spartan Casino platform and what is the real chance of winning if I am not a professional player?
Mrs.Kavita: We will be creating a Telegram group where players can share with each other with the Gaming knowledge and experience. Also, you not only earn just with playing the games but also by watching the ads in between the games.
The games created by Spartan team will be for both newbies and professional players.
There will be a professional to teach newbies. It will be an amazing one where professionals show their skills. Remember we are all aiming at winning.
Question 3 from @nhatminhready: Can you give the explanation of Spartan Casino tokenomics? Does the project has any coin burn or buyback mechanism to reduce total supply, thereby increasing the token value and attracting more investors in the long run?
Mrs.Kavita: Spartan has two coins. IRON token and War token. The first one is a staking and a gaming token, and has a mint operation. The total supply is 10 billion out of which only 3 billion is preminted and the remaining 7 billion will be mined. It has the special feature of mining as players watch ads, or play various games on the platform. Staking makes it attractive as the token grows as the company grows and becomes profitable. It is best to hold on to stakes and grow.
WAR is for the holders who want a piece of a Multi-Billion dollar industry with the rise in online casinos and content its most natural evolution is in the gaming industry where both high stakes participant and advertisers have a chance to engage at a core level. WAR is a fixed supply token of 100 million tokens. To experience the power of war all holders will stake the WAR token on their Metamask and trust wallets and that is how the participants are instantly recognized on the platform. So 52% of the liquidity is going to the market and 43% is going for development of the casino and 5% to the team. The 43% will be released over 10 months for development and marketing gradually. WAR is the Warrior Token on the Spartan.casino platform and it allows the holders access to an incredibly unique revenue stream on the platform. To further drive the value of the WAR token, only 100,000,000 tokens will be available, to experience the power of war all holders will stake the WAR token on their Metamask and trust wallets and that is how the participants are instantly recognized on the platform. We also expect the WAR token to be listed in the secondary market soon after at an appreciated price because of its wider acceptance and the fact that the online blockchain gaming industry has been growing exponentially in the past few years. The Paid per view model proposed will give viewers the chance to watch sports and receive unique immediate rewards on our platform and allow them to cash out those rewards with our partner exchanges as well as other decentralised platforms such as Uniswap and direct trading swaps turning their time into money any time they wish. The token holders will grow as the company grows as they will also have rewards and stake into company’s profits and revenue.
We will be adding the staking feature to WAR as well. These are fixed supply tokens with fixed allocation, so burning is not necessary unless needed. More than half of the total supply is going to the market for liquidity and the balance is for project development which will be accessed gradually over 10 months.
CF: I believe that holding WAR in the long term can surely add more value to investors.
Mr.Christopher: Sure, and if there will be burn especially for iron the community will be notified because it's mintable and the minting is dependent on users. Anything to keep the project waxing strong is our outmost priority.
Mrs.Kavita: Absolutely. The tokens will appreciate in value in this multi billion dollar Industry which is growing exponentially and with Spartan's vision and great plans for evolution and growth we can assure our Investors that they will be an integral part of our growth and profit share both in terms of token price appreciation as well as having a pie in the company's profits and dividends.
The Community wins, we win. That is the adage of Spartan
Question 4 from @y1sus_afp: One of the use cases of WAR token ownership is rewards. WAR token rewards will be distributed by playing what types of games within the platform? What will be the other methods you will use to motivate your users to participate and play within SPARTAN?
Mrs.Kavita: We will have several excellent games like Online Roulette, Live sports betting games, Poker, Slot Games, VR Games, Mining Games. The tokens will be distributed to play these games and watch ads. The other ways of motivating the community to play is by organizing bounties and competition for playing on Spartan platform, distributing rewards, dividend sharing and access to revenue stream within the Spartan platform.
CF: Looking forward to some next big steps of Spartan.casino in its development roadmap.
Mrs.Kavita: Yes. It would be great if your team and community takes some time to go through our White Paper and Pitch Deck. All our vision, plans and Roadmaps are outlined there. It will give them a clear insight of what are our timelines to execute our vision and plans.
Question 5 from @lathanh17091993: Security is really important and valued by users these days. Would you mention Spartan Casino security measures? How is it protected against being hacked, and in case it does, is there insurance for investors?
Mrs.Kavita: With the rise of cryptocurrency and various ecosystems such as the Blockchain Casino industries comes security risks and potential bad actors to enter the space and we totally understand that and we understand how everyone must feel I am sure a lot of people have felt the same way but they have found that with our strong team expertise and intention to serve our community for many years to come we plan on making sure security is at the forefront of our platform and we also will be looking into a SAFU option as to mitigate any hardcore breaches in our security protocol while maintaining a very high level of service and professionalism.
We have taken some important steps already. Firstly, the token contract has already been audited by a very reputed third-party auditor which has met the stringent criteria applied by LID Secondly, the token contract does not have any public methods that can affect its security. Thirdly private key from the governance address has never been shared as well.
Part 3: Best Live Questions in CryptoFamily Group
Question 1 from @CRYPTO_BOSS_N: Smart contracts are vulnerable to bugs, and even recently three big new DeFi projects were victims of this, costing users funds. How efficient and secured is your smart contract, and did you ever audit it via any external party?Many projects rug pulled and exit scam recently. Why should investors trust your project not to do the same?
Mrs.Kavita: We have been kycd extensively by LID and have premium membership. We are a transparent Group and are here to stay and grow with our Community. We are not here to pull the rug. There is no mint operation in the tokens supplied. It has fixed allocation and 70 percent of liquidity will be supplied in Uniswap. The 43% supply of tokens for project development will be released gradually over 10 months by LID to us.
Question 2 from @chaiuzbui: Now have many super hackers so security, scalability, and data privacy are three aspects that are very important at enterprize level, how Spartan Casino foundation handle these issues???
Mr.Christopher: We are aware of the work of hackers and as we initially said, we have team of expertise, we are all set to ensure hackers have no room to disrupt the platform.
Question 3 from @Henry9988: Tell us a little bit about security? Have you done an audit of the platform? Are the smart contracts error-free? What are the test results?
Mrs.Kavita: Firstly, the token contract has already been audited by a very reputed third-party auditor which has met the stringent criteria applied by LID Secondly, the token contract does not have any public methods that can affect its security.
Thirdly private key from the governance address has never been shared as well. Our platform has been audited
Question 4 from @FJAOSI: What steps is Spartan Casino taking to provide greater security and privacy to users and how will it achieve massive adoption and growth on its platform?
Mrs.Kavita: With the rise of cryptocurrency and various ecosystems such as the Blockchain Casino industries comes security risks and potential bad actors to enter the space and we totally understand that and we understand how everyone must feel I am sure a lot of people have felt the same way but they have found that with our strong team expertise and intention to serve our community for many years to come we plan on making sure security is at the forefront of our platform and we also will be looking into a SAFU option as to mitigate any hardcore breaches in our security protocol while maintaining a very high level of service and professionalism.
Question 5 from @xingfuxin: Investors are afraid of scam, exchange is afraid of scam, partners are afraid of scam, so what does SPARTAN CASINO guarantee not to scam investors?
Mr.Christopher: First we are not anonymous, secondly we decided to host our presale on LID, lid platform is kyc so we passed different kyc before the acceptance, and 70% token raised during presale would be used for liquidation on uniswap which implies there won't be rug and there will be good volume. Unsold tokens will be distributed to investors, the remaining tokens will be used on the platform building which LID have access to it and would realise little percentage of it monthly for platform and marketing. We are here to stay and to build a long relationship with users and best casino all of the world.
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:
Telegram group: https://t.me/spartancasino
Website: https://spartan.casino/
Twitter: https://twitter.com/SpartanCasino
