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Introduction

What is 0xCardinal?

0xCaridinal is a community-driven, decentralized betting platform developed based on blockchain technology and implemented on the Binance Smart Chain.

Why 0xCardinal?

  1. Cutting-edge RNG Solution: 0xcardinal integrates API3, a third-party Random Number Generator (RNG), to address the inherent challenge of producing true randomness on the blockchain. Compared to other decentralized RNG solutions like Chainlink, API3 is more cost-effective and faster, enhancing the efficiency and reliability of the gaming process.。

  2. Transparent, Decentralized Mechanism: With 0xcardinal, the betting process from the initial wager to the final withdrawal is conducted via smart contracts. This approach ensures a fully decentralized, open, and tamper-proof system, eliminating the need for centralized control and the often cumbersome KYC procedures.

  3. Open-Sourced and Verifiable Smart Contract Code: To ensure comprehensive transparency and security, 0xcardinal will open-source its smart contract code and conduct audits. The front-end code will be deployed on IPFS and will be open-source, allowing anyone to view and verify the integrity of the gaming process.

  4. Deflationary Tokenomics: $CDNL is engineered with distinct deflationary characteristics. Our plan is to burn 97.9% of the total tokens in circulation. Notably, the speed at which tokens are burned directly correlates with user Net win: the higher the user's earnings, the faster the burn. This innovative approach encourages the use of the token and exerts deflationary pressure on its supply. Over time, the scarcity of $CDNL will undoubtedly grow.

  5. Aligned Team and User Interests: The project team only collects fees when users make profits and withdrawals. If a user doesn't win, the team doesn't earn. This model ensures the alignment of interests between the project team, the users, and the overall community.

  6. Innovative DTO model: 88% of the funds from user token subscriptions are directly transferred to the trading pool. This ensures that the funds can only be used for regular trading and cannot be withdrawn by any other means.

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