$ROGUE
The Power of $ROGUE: Building a Sustainable Gambling Ecosystem
May 28, 2024
Today, our focus is on the $ROGUE token, the lifeblood of our project, intricately connecting every aspect of the Rogue network.
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If you're new to Rogue and just getting started, here's why you should jump on the opportunity of our upcoming testnet competition and the 500 million $ROGUE airdrop. As part of our early-stage promotion, players can snag $2,000 in playtest tokens by joining our Discord server and sharing their wallet details.
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If you're new to Rogue and just getting started, here's why you should jump on the opportunity of our upcoming testnet competition and the 500 million $ROGUE airdrop. As part of our early-stage promotion, players can snag $2,000 in playtest tokens by joining our Discord server and sharing their wallet details.
These tokens are essential for generating high volumes on the Rogue Trader betting platform and competing for a share of the airdrop. Please note, the Token Generation Event (TGE) will take place following the launch of the public testnet at the end of Q3 2024.
Native Gas Token of Rogue Chain
The $ROGUE token serves as the native gas token of the Rogue Chain (an EVM blockchain), powering the entire ecosystem. In our early stages, the Rogue Trader (closed testnet) is already processing an impressive 250,000+ daily transactions. With a projected core user base of 10,000 on the mainnet, this volume is expected to persist.
Zero House Edge Betting on Rogue Trader
For avid gamblers diving into Rogue Trader, the $ROGUE market is a dream come true. With zero house edge, players can relish the fact that no 3% commission will eat into their winnings, giving them a fair chance to rake in profits. Moreover, our decentralized House Bankroll, fueled by a liquidity pool, incentivizes $ROGUE token holders to stake their tokens. This dynamic locks up hundreds of thousands to millions worth of $ROGUE in the bankroll, ensuring a healthy ecosystem.
Stake $ROGUE to Secure the Rogue Chain Network
In exchange for locking up their $ROGUE tokens, participants receive pool tokens representing their stake. These pool tokens open the door to our Node validator portal, where they'll encounter 200 node NFTs, also known as the Pit Boss NFTs.
Here, they can deposit their pool tokens and earn a share of the fee on every winning bet on Rogue Trader. With a potential 250,000 daily transactions, occurring at a rate of 1-2 transactions per second, it's clear that $ROGUE will be in high demand.
Half of these transactions result in wins, meaning that half of all winning fees is distributed among all validators and delegators. This scarcity of available $ROGUE tokens on the market is significant, as it's poised to drive up the token's value.
You can track the live payouts made to NFT validators and $ROGUE stakers here.
You can track the live payouts made to NFT validators and $ROGUE stakers here.
Tapping Into the Global Gambling Market
The final and perhaps most important factor to consider is the immense popularity of binary options, the style of Rogue Trader's gameplay. Globally, billions of dollars are spent annually by users engaging in traditional online binary options gambling activities. Unfortunately, this popularity has also been marred by centralized entities siphoning off billions in winning profits from players.
However, Rogue Trader distinguishes itself by being decentralized and trustless. This means that players interact with a public blockchain and smart contracts, ensuring instant payouts for their winnings.
You can see how fast the Rogue Chain block explorer operates right now — automatically paying out winners, as well as, our liquidity providers and affiliates (testnet). This the true beauty of blockchain technology, it's all verifiable.
And unlike other decentralized applications that are often expensive and slow, Rogue operates at lightning speed with minimal gas fees. This provides players with a familiar gambling experience they can trust. It's essential to recognize the significant market advantage we possess. Once the mainnet is launched, thoroughly tested, and highly liquid, our next major challenge will be to market to the vast community of traditional gamblers worldwide. This is where the true value of ROGUE will come to fruition.
Closing Thoughts
$ROGUE is the lifeblood of our ecosystem, facilitating all transactions on Rogue Trader. It will be utilized by players to engage in the $ROGUE market on the Rogue Trader game, staked by liquidity providers for the House Bankroll, and delegated by these providers into validator nodes to secure Rogue Chain.
And while Rogue Trader is just the beginning, it's a promising glimpse into the future of our gambling ecosystem, as we plan to invite game developers to submit their games and connect into the Rogue Protocol.
And while Rogue Trader is just the beginning, it's a promising glimpse into the future of our gambling ecosystem, as we plan to invite game developers to submit their games and connect into the Rogue Protocol.
Lastly, let's touch on the high-level overview of $ROGUE's distribution.
ROGUE Token Distribution
- Max Supply Minted in Q3 2024 (TGE): 9.2 billion
- $ROGUE TGE price: $0.01
- Playtest Airdrop Allocation: 500 million
- Public Token Sale Allocation: 1 billion
- Rogue DAO Treasury Allocation: 1 billion
- Locked into ROGUE House Bankroll for 3 Years: 2 billion
- DGTX Token 1:1 Swap (Vested 12 Months*)
- Founding Team Allocation (Vested 24 Months*): remainder (TBD)
To maintain scarcity, airdropped ROGUE tokens will be locked into a trustless vesting smart contract managed by Sablier.com, releasing tokens gradually over a 12-month period. These vested ROGUE tokens will be represented by an NFT, ensuring transparency and security.
With ROGUE at the helm, we're charting a course toward a vibrant gambling ecosystem powered by blockchain technology.