In order for a currency to be effective, it needs many use cases which can range from purchase of goods, paying for services or simply used for entertainment of various types such as gaming or gambling.
One such use case has been offered to use essentially free of charge, in the form of $EXOD integration into the HyperJump Casino. This is a new platform launched by the HyperJump team which is one of the original teams on the Fantom ecosystem, although often times overlooked. Games include Dice, Baccarat, Blackjack, Roulette, Poker and many others.
We have the opportunity to integrate with this platform free by simply providing some liquidity on the HyperSwap platform for users as well as providing a fund of $10,000 for starting EXOD winnings for users, of which we retain ownership of, but they will control.
All of this is free to us provided we keep some liquidity on HyperSwap. We would be entitled to 20% of house profits on games where users used EXOD which would be returned to the treasury or the casino pot.
With that we ask the community to approve $10,000 worth of $EXOD which would come to roughly 20 EXOD to use for a winnings pot for EXOD payouts. As the pot size increases we can rebalance if necessary.
We would also need to allocate $10k DAI + $10k EXOD for liquidity.
The integration timeline would be quick and the immediate usage of this would be a great way to kick off use case adoption for the EXODIA token. We hope this is the first of many currency integrations we are working on for 2022.