[RFP]:A No Loss Autonomous Custodial System for Poker #106
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RFP
Request for Proposal
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Proposal Due Date
05/15/2025
Proposal Overview
This proposal outlines the creation of a no loss autonomous custodial system for poker, where participants deposit XOR tokens into a locked staking pool for a set duration. Upon initial deposit, a percentage of the XOR tokens are burned, and participants receive an NFT that serves as their entry ticket for the poker games. This system aims to provide a fun and engaging poker experience without the encouragement of gambling while also contributing to the deflationary mechanism of XOR tokens.
How It Works
User Deposits XOR Tokens:
Participants deposit XOR tokens into a 15 day locked staking pool.
Upon deposit, a percentage of the tokens are burned (e.g., 10%).
Participants receive an NFT, which acts as their entry ticket and proof of deposit.
Locked Staking Pool:
The remaining tokens are staked for 15 days, earning yield in KUSD.
The staking pool is used to generate interest and fund the poker games.
Poker Game Participation:
The NFT grants access to scheduled poker games within the 15 day period.
Players use their NFTs to join poker tables and participate in games.
Yield Distribution:
After the 15 day period, the yield earned from staking is distributed among participants and the prize pool of that round is distributed to the winner.
Players can burn their NFTs to claim their share of the yield or claim Prize pool.
A portion of the yield (15%) is reserved for the jackpot rewards which is held every 6 months.
Jackpot System:
A jackpot pool is accumulated from a portion of the yield.
The jackpot is Held for a grand tournament every six months to players who have held their NFTs and funds in the staking pool for the entire period.
To qualify for the jackpot, players must have participated in at least 1 of the poker games and retained their NFTs.
NFT Market and Fractionalization:
NFTs can be traded on a secondary market.
The NFT fractionalization feature allows users to own a percentage of an NFT, sharing in the yield and potential jackpot rewards.
Increased Demand for XOR Tokens:
The poker system incentivizes users to purchase and deposit XOR tokens, increasing demand and supporting token value.
The burning of deposited tokens reduces the total supply of XOR, creating a deflationary effect.
The poker system offers a fun and engaging way for users to interact with the SORA ecosystem, promoting long term participation.
Users can participate in poker games and earn yield without risking their principal deposit, encouraging savings and investment in the ecosystem
Implementation and Integration
Develop smart contracts for staking, yield distribution, NFT issuance, and token burning.
Create a user friendly interface for depositing tokens, managing NFTs, and participating in poker games.
Integrate with existing DeFi platforms for yield generation (Polkaswap, AAVE, Compound).
Security:
Conduct thorough security audits of smart contracts and the platform.
Marketing and Community Engagement:
Launch marketing campaigns to promote the no loss poker system.
Engage with the SORA community to gather feedback and improve the platform.
Testing and Deployment:
Conduct beta testing with a select group of users to identify and address issues.
Roll out the platform in phases to ensure stability and scalability.
The no loss autonomous custodial system for poker offers a unique and engaging way for users to interact with the SORA ecosystem. By combining the excitement of poker with the financial benefits of yield farming and token deflation, this system can attract new users, increase demand for XOR tokens, and enhance the overall value of the SORA network without promoting gambling so there is no need of KYC!
No_Loss_Poker_realdeal.pdf
Proposal Goals
The goal of the proposal for a No Loss Autonomous Custodial System for Poker is to create a poker gaming platform that allows participants to engage in poker games without the risk of losing their initial deposits. The system aims to:
🔴 Encourage Participation: By eliminating the risk of financial loss, more users may be inclined to participate in poker games.
🔴 Promote Long Term Engagement: The locked staking period and the potential to earn yields in KUSD encourage users to remain engaged over a longer period.
🔴 Increase Utility of XOR Tokens: By using XOR tokens for participation plus incorporating the burning mechanism, the proposal seeks to enhance the utility and value of XOR tokens within the SORA ecosystem.
🔴 Foster Community Growth: Offering a no loss gaming environment can attract a larger community, fostering growth and increasing the user base of the SORA ecosystem.
Scope of Work
1.1 Smart Contract Development
Poker Game Logic: Develop and deploy smart contracts that handle poker game rules, player interactions, and game outcomes.
Staking and Yield Mechanism: Create smart contracts that manage the staking of XOR tokens, yield generation in KUSD, and yield distribution.
NFT Issuance: Develop a smart contract for minting NFTs that represent each user's participation in the poker games.
1.2 Backend Development
Game Server: Set up a server to manage game sessions, player actions, and real time updates.
1.3 Frontend Development
User Interface: Design and implement a user friendly interface for the poker platform, including game tables, staking dashboard, and NFT management.
Wallet Integration: Integrate SORA mobile wallet , Fearless wallet and other compatible wallets for seamless token transactions.
2.1 Security Measures
Smart Contract Audits: Conduct thorough audits of all smart contracts to identify and mitigate vulnerabilities.
Data Encryption: Implement robust encryption protocols for data storage and transmission.
3.1 Interface Design
UI/UX Design: Create intuitive and engaging user interfaces that enhance the gaming experience.
Responsive Design: Ensure the platform is accessible on various devices, including desktops, tablets, and smartphones.
3.2 User Testing
Beta Testing: Conduct beta testing with a select group of users to gather feedback and identify any usability issues.
Iterative Improvements: Make iterative improvements based on user feedback and testing results.
Marketing and User Acquisition
4.1 Marketing Campaigns
Awareness Campaigns: Launch marketing campaigns to create awareness about the no loss poker system and its benefits.
Incentives: Offer initial incentives such as user bonuses or promotional rewards to attract users.
4.2 Community Engagement
Educational Content: Develop educational content to help users understand the platform and its benefits.
Support Channels: Establish robust support channels to assist users with onboarding, gameplay, and troubleshooting.
Ongoing Support and Maintenance
5.1 Monitoring and Maintenance
System Monitoring: Implement continuous monitoring to ensure the platform's performance and security.
Regular Updates: Provide regular updates to fix bugs, add new features, and enhance the user experience.
5.2 Customer Support
Support Team: Establish a dedicated support team to handle user inquiries and issues.
Feedback Loop: Create a feedback loop to continuously gather and act on user feedback.
Estimated Timeline
Initial Planning and Partner Selection: 1-2 months
Development Phase:
Backend and Smart Contract Development: 3-4 months
Frontend Development and Integration: 2-3 months
Security and Compliance Implementation: Concurrent with development
User Experience and Interface Design: Concurrent with development
Beta Testing: 1-2 months
Full Deployment: 1 month
Ongoing Monitoring and Improvement: Continuous
Estimated Resources
Development Team: 5-7 developers (smart contract developers, backend developers, frontend developers)
Design Team: 2-3 UI/UX designers
Security Experts: 1-2 security auditors
Marketing Team: 3-4 marketing specialists
Support Team: 3-4 customer support representatives
I really have no idea how many people this will take ;)
Current Roadblocks and Barriers to Success
Technical Complexity
Smart Contract Security: Ensuring the security of smart contracts is paramount. Vulnerabilities can lead to hacks and loss of funds.
Mitigation: Conduct multiple rounds of thorough audits by reputable security firms and implement bug bounty programs.
Scalability: The platform must handle potentially high transaction volumes and user interactions without performance degradation.
Mitigation: Implement scalable backend infrastructure powered by the SORA network to reduce transaction load on the main blockchain.
🔴 Security Measures: Prioritize the security of smart contracts, user funds, and personal data. Continuous security audits and updates are essential.
🔴 Regulatory Landscape: Stay updated on regulatory changes and ensure ongoing compliance with all legal requirements.
User Education: Provide clear and comprehensive information to users about how the system works, the benefits, and the risks.
🔴 Scalability: Ensure the platform is designed to scale efficiently to handle increasing user numbers and transaction volumes.
🔴 Community Engagement: Foster a strong community around the platform to build trust and encourage user participation.
Evaluation Metrics and Criteria
1.1 Smart Contracts
🔴 Development: All smart contracts for poker game logic, staking, yield distribution, and NFT issuance are fully developed.
🔴 Security: Smart contracts are audited by reputable security firms, and all identified issues are resolved.
🔴 Deployment: Smart contracts are deployed on the SORA blockchain and tested for functionality.
1.2 Backend Systems
🔴 Game Server: The game server is set up and capable of handling game sessions, player interactions, and real time updates.
🔴Database: A secure database for storing player data, game histories, and transactions is implemented and tested.
1.3 Frontend Interface
🔴 User Interface: A user-friendly interface for the poker platform is designed and implemented.
🔴 Wallet Integration: The platform is integrated with the SORA mobile wallet, Fearless wallet, and other compatible wallets for seamless transactions
2.1 Security Measures
🔴 Audits: Multiple security audits are completed, and the platform is free of critical vulnerabilities.
3.1 Financial and Gaming Partnerships
🔴 Agreements: Partnerships with Polkkaswap and payment processors are secured (SORA CARD).
Integrations: The poker system is integrated with existing gaming platforms or new partnerships are formed. ( NO loss casino)
4.1 Design and Usability
🔴 UI/UX: The user interface is intuitive, engaging, and accessible on various devices.
🔴 Testing: Extensive beta testing is conducted, and feedback is incorporated.
4.2 User Support
🔴 Support Channels: Robust customer support channels are established and operational.
🔴 Educational Content: Comprehensive educational content is available to users.
5.1 Marketing Campaigns
🔴 Launch: Marketing campaigns are launched to create awareness and attract users.
🔴 Incentives: Initial incentives are offered, and user acquisition targets are met.
5.2 Community Engagement
🔴 Content: Educational and promotional content is created and disseminated.
🔴 Feedback: Continuous feedback from users is gathered and acted upon.
6.1 System Monitoring
🔴 Performance: Continuous monitoring systems are in place to ensure platform performance.
🔴 Issue Resolution: Processes for quickly addressing and resolving issues are established.
6.2 Continuous Improvement
🔴 Updates: A roadmap for future updates and feature enhancements is created.
🔴 User Satisfaction: User satisfaction surveys indicate a positive reception and experience with the platform.
All technical components (smart contracts, backend systems, frontend interface) are developed, tested, and deployed.
Security audits are completed, and the platform is free of critical vulnerabilities.
Gaming platform is secured and operational.
The user interface is intuitive and accessible, with positive feedback from beta testing.
Robust customer support and educational content are available to users.
Marketing campaigns are launched, and initial user acquisition targets are met.
Continuous monitoring and improvement processes are established.
Submission Requirements
Detailed and comprehensive proposal documentation.
Fully developed, tested, and functional technical components (smart contracts, backend, frontend).
Completion of security audits and implementation of robust security measures.
User friendly interface with positive feedback from beta testing.
Established customer support and educational resources.
Secured partnerships with financial institutions and gaming platforms.
Effective marketing campaigns and initial user acquisition targets met.
Continuous performance monitoring and improvement processes in place.
Submission Method
Blockchain: Mainnet
Project Due Date
6/15/2025
Budget Amount
This is up to the discretion of the development team.
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