Let's give it a few minutes for more people to join before we begin.
Let's give it a few minutes for more people to join before we begin.
All right, this should be good, nearly 2,000 people in this space.
Okay, so yeah, today was our announcement of our Series A, which surprisingly, it got a
lot more attention than we thought it would.
And this is just kind of like the beginning milestone that we have.
So our chain isn't even ready yet.
So we're not live at the moment.
It's the only process that there is for people to bridge in and to kind of like earn Zet
casino tokens before that goes live.
And that surprisingly has done like a lot better than we've had expected.
So initially, if you guys look at sort of like the plan, it was to give up up to 25%
of the token supply for people that are bridging.
And when we put that out there, it was more of like, well, this is never going to be reached
because this is like a very large amounts that should will be earned with the amount
of like each deposit that we should get.
So that was like a very conservative amount we put up, but it has kind of like gone beyond
So we didn't actually expect to get this much each deposit into it, not this early, at least,
because it's still like extremely early.
It's only been three days out of the bridge from the 30 days that it would have kind of
So yeah, we'll see how much this goes down to.
We're not expecting, well, at first we weren't expecting a full 2.2 billion to be farmed.
But just looking at like how many deposits have gone through, it might actually, well,
the bridge might actually close way before like originally planned.
I mean, at the current rate, the way I just looked at it now, around 1.5 billion will
be earned by the end of the 30 days.
But if the rate of deposits keep increasing like it has been for now, then probably
it should close at around day 20, something like that, just from the looks of things.
Another thing that I wanted to talk about is our ecosystem fund.
And it's coming quite soon.
We'll announce that probably tomorrow.
We'll reserve a big chunk of like Zet Casino tokens for anyone who wants to build whatever
they want on their chain.
So that could be anything DeFi related, even like we're expecting, of course, Uniswap,
Avi forks to be there because that's like a central infrastructure for any chain that
But even like games in particular, like if people want to build a sports betting sort
of like sports book for Zet Casino, that works a poker game, like Texas Hold'em, that
works a lottery, things like that.
Anyone who wants to build that, for example, they can apply for a grant, we'll check it
Even if it's like, even if it's not to the stage, the code has been deployed, that
We can kind of like consider anything because the whole point is for the whole purpose
of the bridge is to get as much money into the ecosystem already.
So if people want to kind of like play around on the games that are on Zet Casino, that
And yeah, we've had like a lot of questions about the ETH that's being bridged currently.
So you're not stuck once you bridge over, as soon as the bridge kind of closes and
the chain goes live, you're free to exit the bridge whenever you want.
You can bridge it back, there is no tax, you'll get your rate back onto one, whatever
So we'll keep it like that.
That's something that's going to be changed in the future.
And yeah, so Prometheus, if you have anything else to talk about.
If I was gonna, let's hop on to the AMA.
So if anyone wants to ask some questions, you can go ahead, request it and we'll
Yeah, another thing that we're going to be releasing as soon as the chain goes live
is our tools and templates for the current Zet Casino game.
If you look at like play.zetcasino.io, like those games aren't the fanciest,
they're not the most sophisticated, there is.
But we do have independent developers that are going to build their own games that will
make available on a library.
So if anyone wants to host their own gaming platform, call it a casino, whatever you
want to, you can basically just click and plug into them, plug them into your gaming
And you just host a domain, you take care of all those things.
And we have a dedicated team who's taking care of the software side of things.
So they can take care, they can set up your whole casino for you, all the games,
anything you want, just let us know.
Your sort of, I guess, your duty as the founder of the casino is to just advertise
it, market it well, make sure you get players.
The user acquisition side of things, that should be kind of easy as well, since that's
what the bridge here is for, to incentivize, just to get as much TVL into the chain already.
And then people who want to use that much ETH already to play some games or whatever
it is, or any other infrastructure that's going live on the chain.
That could be there as well.
I mean, so our chain isn't necessarily for gaming particularly, but it could also be like
anything DeFi related, like, except it's for us, it's no limitations, no barriers.
So if you want to build like a thousand X perps protocol, you want to build like any
casino games, it's there is, uh, yeah, there's no limitation there.
And we'd need, sorry, go on.
So what I'm going to say with native accounts abstraction, which is what the ZK stack offers
It means that people can play and it won't feel like you're actually playing on sort
of like you're not interacting on chain because, uh, once you're connected with like metamask
or you just click and it kind of just goes through like magic, you don't have to keep
confirming every single transaction as you do with like regular chains.
And the ZK sync has that tech already.
Uh, if you, if the only thing is that people haven't really builds applications that kind
of support them yet, uh, from what I can think of, I mean, people that have like app
chains, like the IDX, I think, yeah, the IDX, like the, the most common example that
people can like, uh, relate to or like rabbit X where you just click and you, your
trade just goes, goes through like magic.
You don't have to press confirm or anything like that with your wallet and we're
bringing that to casino games and the whole chain and like, as it is, so anyone
that like supports that function, it adds it is like really simple to do.
Uh, once again, we have like devs that can kind of guide you through it.
If you want to build that, that's a extremely simple to do with the chain as
well. And the gas fees are like extremely low.
So it's the gas, so the chain as it is, it's not actually a layer two, uh,
but it does have the same exact security as Ethereum would be because it's a layer
three that's rolling up to is that kissing.
And then of course that kissing rolls up to Ethereum.
So it's a layer three with the exact same security as Ethereum and, uh, the
Eigen layer, uh, data availability, availability comes into play there as
well. So the, the ETH that's being restaked on Eigen layer inherently
secures our chain as well.
And we're going to extract that same security mechanism to take care of
Because on mainnet Ethereum, we're like all the other chains right now,
there's a chaining VRF, which is what most sort of like dads use even played
on that casino.io on arbitrary on polygon.
Uh, well, we just use the chaining VRF.
We don't have like any off chain VRF mechanism and that's a, that's
secure sort of like our random number generator.
So when you're placing a bed, you know, a hundred percent certain that no one's
like messing with the numbers, which is always like a big question mark.
If you're playing on traditional casinos, because you never know where the
actual random numbers are coming from.
Uh, but yeah, so on chain, most of the time people use chaining VRF, but
for us, we can actually extract that same security from Eigen layer, which
is a, like, I suppose one of the purposes of kind of restaked ETH to
kind of generate more yields anyway.
So, uh, people that are staked on Eigen layer, they will be securing our
Z casino chain as well, both in terms of the security with the proof of
stake, uh, serve vault system and just RNG mechanism.
And then you also have the added benefit of the liquidity layer.
So it's not just for casinos where you can borrow the change liquidity, even
if you're building like an Aave fork, you can set up pools using our liquidity
as long as the code is like verified.
If it's just a fork of Aave, then it will be easy possible.
So you can launch almost anything without any bankroll or money of your own.
If anyone has any questions, just request it and we'll get you out of them.
Hello, uh, I have two questions.
First is, uh, is there a documentation for people wanting to build them as a casino?
No, but the chain it's deployed already.
You can go on explorer dot Z casino dot IO and you can see, uh, well,
just the chain there live.
The only thing is that it's just EVM.
So whatever you can build on like any other EVM chains will work on us as well,
except the like, uh, I would, I suppose critical infrastructure is still missing
like changing oracles and things like that.
But, uh, we can get that off like quite soon.
So as soon as the chain sort of goes live.
And the second question is, uh, actually, can you disclose, uh, at this time,
uh, the amounts, uh, that was raised at a 250 million valuation?
Yeah, yeah, we can do that.
So we sold 7.5% of the token supply and that was a 26.25 mill raise for that round.
We'll put up the tokenomics pretty soon.
I think it's live already.
Actually, just go docs dot Z casino dot IO slash tokenomics.
And we put that up, I think a few hours ago.
Does anybody else have any questions?
Yeah, I just added a shanky and go for it.
First of all, I'd like to congratulate everyone for the awesome response
And I believe this is going to be a banger.
I mean, not short of a mystery, but I've got a question, uh, no
fun here, but I love the project myself.
I've reached a significant amount of heat myself over, but I just saw
the street from zigzag exchange saying that the revenue generated by
I mean, what is that about it?
I was just trying to find the tree that I couldn't find one.
No, the revenues, uh, it's real.
There's no question about that.
Anyone can like look it up.
Uh, it's just that we, as the original, it's the exact sort of team members.
We've had a falling out with, uh, like that founder just because you have
things that didn't go as well as they would, so I guess some salt over
there that he wants to rub in the wounds, but no, everything is fine.
There's nothing that's kind of, uh, can be said about that.
Thanks a little more clarity on that, possibly a treat or maybe
or anything from zigzag or from you guys relating the very same issue
would, would be really nice.
I mean, there's a dashboard with all the details on there.
You can have a look at that.
It's, I mean, we even have the leaderboards up.
So it's all like transparent and on chain.
Whereas I don't think you can say the same thing about like traditional casinos
because they can just make numbers.
Um, but they would like to do it like all the, everything is just done on chain.
I'd give you permission to talk as well now.
Uh, just a short question.
Um, you did also the seed round, right?
What was the valuation for that one?
That's written in the tokenomics.
You can just look at doc starts at the senior that IO slash tokenomics.
And I was done with a 30 mile valuation.
So everything is in there, right?
And, um, regarding the bridge launch date, it's still like early April
or you have any other dates?
So that kind of depends on how soon the bridge ends.
I think, uh, just from looking at the numbers now, probably day 20.
So I don't think the bridge is going to stay open for the full 30 days,
probably day 20, sorry, go ahead.
What, what does it depend on how long it's going to stay?
So it depends on whether the full 2.2 bill gets, uh, earned before the bridge
So at that point, we'll just shock the bridge manually and then we'll, uh,
put the chain live and, uh, yeah, everything will be good to go then.
And then we're going to go straight for exchanges things there.
So we're not going to bother with like, you know, sub pools or anything like that.
And, uh, probably we'll do a launch pad on eight terminal as well.
So those guys are extremely good at what they're doing.
So, uh, yeah, we're glad to be part of them as well.
Another thing I wanted to talk about that a lot of people have kind of like missed.
So we've launched the referral system on our bridge, very similar to like what
blah, uh, blasted, so you can refer people, you get your own referral code,
you can send that out to others and however much he's gets, uh, bridged over,
you will earn a 10% commission from that.
And, uh, on top of that, there's like a sub affiliate system.
So that's something you don't even have to take care of yourself.
10 Ethereum, and then that guy creates a ref code and shares that to other people.
Then like automatically a sub affiliate program gets created where, uh,
kind of like scales down quite fast like that.
So if you want to earn some set casino tokens and you don't like, well, at
this stage already, you don't want to bridge over Eve or you don't have any
Eve, the bridge over, you can just share those ref links and, uh,
You can just earn that casino tokens like that.
So, and for the bridge suppliers, you were giving away 25% of the tokens
So we set 25% and that was like a conservative amount because we didn't
expect this much Eve to kind of come through already, but, uh, yeah, and
we weren't, so initially we said, yeah, let's say up to 25%, it most
likely won't happen, but it seems that it is happening.
So we're giving out like a lot of, uh, set casino tokens from the
chain, uh, from the bridge.
Dark Alex, I've given you the floor.
I w I was wondering if the earnings, uh, I see on June is like, uh, 6.2
millions, uh, in what timeframe, uh, uh, are they, uh, did the platform, uh,
So is that casino just as an app?
It was a live, I think over a year now.
I think we launched a January, 2023.
So yeah, a bit over a year and we got around like seven mill worth of
revenue, I would say, I mean, probably more.
If you count like Pepe tokens, if we count those values, then it's probably
like up to 10, well, maybe more, probably like 12 mill, I would say in
terms of revenue we earned for a short amount of time, I think for a few
months, we held a Pepe tokens in our bankroll and we let people like bet
that as well on Arbitrum.
So they could bridge over through layer zero to get that on.
And, uh, those values, of course, like Pepe, like moons, like crazy.
It's like looking at it now.
So if we consider those values and probably like 12 mill, but yeah,
realistically, like a seven to eight mill, I would say.
So that comes from like commissions on the, on the bets.
Well, not actually commissions, but just the house edge.
So most of our games, they take like the expected value for our bankroll
is kind of like 1% per bet that gets placed.
And that's how we, uh, our revenue.
So, so far the bets have been placed with, uh, like heat or BTC stables.
That's just Eve USDC, but to be honest, the app of that casino, it's not the
focus of the sort of like what we're building here, it's more about the
platform, so anyone can kind of, uh, sort of create their own gaming
platform on top of our layer, layer three.
And the main, the main token used to the bat will be the, uh, the Z casino token
or with their main, like an option to use stables and, uh, it's no, it
can be whatever we can do eat stables.
So whatever people decide to build will happen.
Let's, uh, and the space here then, cause I don't have much time.
We have a lot of things to get done.
Thanks guys for coming and, uh, hope you guys sort of like
enjoyed this early bridging phase.
I mean, it's only day three out of 30, so it's still extremely early.
And the earlier you are to bridge, uh, the more sort of as you earn.
So, uh, we were talking about this, so a lot of people think they might expect
like a rush to come at the end of the bridge.
So like say day 29, if it comes to that long, uh, but the thing is
you're earning Z cast sort of like per second, you're deposited into it.
So of course, the earlier you're in, the more you'll earn throughout
the process of the bridge.
And, uh, yeah, that's just another thing I wanted to clarify as well.
Thanks guys for coming and, uh, well, take care everyone.