Flight of the Navigator Update V2.
We’re exactly where we expected to be.
While I may not be in the chat much as I’m working on building the best DeFi platfrom ever, ever… I do stop by occasionally to see what everyone’s discussing. A common consensus seems to be asking, “wen launch?” “I thought you had a working game?” “Why can’t I stake?” etc… etc.
Let me address these so you can understand why we’re not only exactly where we expected to be at this point, but exactly where we should be.
It’s been 9 days. So far we have a farm launched with our partner ApeSwap, with the Gnana pool launching later today. Our SAS pool will be rolling out shortly as well. So 2–3 farms/pools, with a re-brand and new site launch in around 2 weeks (give or take) post IDO is pretty great.
But let’s do a deep dive into the state of things.
Wen Pools -
The great thing about working with an established partner like ApeSwap, is that they not only have the tech available at any given time, but they have a larger and more diverse userbase. The reason projects need to launch LP staking first, is yes it provides liquidity for swaps, but also helps stabilize the price. This is great, because as some of you may have noticed, our price moves in lockstep with BNB. This means that all the IL fud is baseless. People have become so traumatized by IL fud stories they still don’t undertsand it. All that means is that those who have been farming, lost less during the last price dip than those that were just holding out for a SAS pool. Yes, by listening to fud and you lost more than you would have by staking LPs and helping to stabilize the price further. But, I love Defi fully, and they’re your funds to do with as you please. But, if you don’t understand Impermanent Loss, and the benefits it can provide you in the case of un-predictable price movements, please ask the community managers so they can help.
Another thing about working with larger partners, is they have their own timeline as they work with many projects. I’m very happy with their farm and pool rollout. And very happy with ours.
Some are wondering why we don’t have a CRUSH SAS on Ape. Tbh we don’t want a CRUSH SAS anywhere besides on own platfrom. As we roll out, our SAS will transition into our Bankroll and allow us to scale much more rapidly. Why would we sacrifice that just to rush out something silly like a SAS a week or two earlier? It doesn’t make sense. Yes it does shake free some tokens from the hands of moon boys, but we’re all for that. Cheaper CRUSH for our true believers to accumulate? Yes please!
Point is, our pools are rolling out perfectly. If you can’t wait for the SAS announcement, you are by all means welcome to sell. Just like anyone is more than welcome to buy back at a higher price very soon. I support anyone’s decision. I truly do.
Wen Launch-
One important thing to pay attention to is the roadmap that’s been posted on the website since day one. In June we have slotted our IDO (check), and our DeFi launch (SAS), which will be launched shortly. Everything else is slated for Q3 and beyond.
I know people get confused about the wait, if we’ve already spent months testing Dice Invaders. I definitely understand this question. So I’ll dig into this one as well.
I mentioned in the last article that the games section of rollout is easy. Dice Invaders, is being ported from PHP to JS to integrate better with Web3, and is almost done. Dragon Gaming launches their games on crypto casinos. So why the hold up?
As you can see in the screen shot above. We’re almost ready. In fact if we wanted to just launch another crypto casino, we could hypthetically probably get that launched next week. That could be a real possibility.
However, those who actually take the time to read my ramblings, and understand the complexities of this project, know that we are not another crypto casino.
On Wednesday I had a chat with the director of Dragon Gaming discussing integration, and even though they specifically work with crypto casinos, they’re excited to partner with us as they haven’t worked with anyone that’s launching a product like ours. They see it as moving into a new space. I welcome that sentiment.
I’ll explain it to you the same way I explained to him, in what I call the 4 Tiers of Crypto Casinos. Please keep in mind this is in no way official, and there are exceptions to every rule. But most will fall under these guidlines.
Tier 1- The Crypto Casino:
Essentially indistinguishable from any traditional online casino, except for they fact they accept crypto. Generally the accept blue chip crypto like BTC and Eth, but other than crypto desposits, they are essentially traditional online casinos.
Tier 2- The Provably Fair Casino:
This tier will typically feature provably fair games, and likely 3rd party games as well. They are custodial, meaning you deposit to their platform. Some feature singular games, others feature many varieties. Some stick with a single currency, while others accept many unrelated currencies. Some even feature profit sharing, while others don’t. They don’t traditionally have their own token but some are now going that route. For the most part, they aren’t blockchain based, besides depositing and withdrawing in crypto.
Tier 3- The Decentralized Casino:
These guys really set the DApp gambling industry in motion over the last few years during the bear market. They laid a lof of the groundwork in my opinion for modern Defi as well. That may be a bit of a bold statement, but they we’re offering some DeFi products years ago before Defi became what it is today. They usually offer decentralized games that actually utilize blockchain, and wagering interacts directly with your web3 wallet. Many, if not all, offer some sort of profit sharing and wager mining. If they incorporate 3rd party games they require some sort of live wallet, and this is also governed by a smart contract. They are generally chain specific, and some are integrating layer 2 solutions. Often (but not always) the token used to play and the token used for staking are different. So the token use case is still a bit muddled. But overall a great system.
Tier 4- The DeFi Casino:
This one is a bit is a bit newer, and this is where we sit. Since it is still being defined, I’ll explain how I see it in the context of what we’re accomplishing.
Our goal is to be Defi first, with casino as a use case. This gives us a lot of freedom to be creative in our product offerings, while allowing the transparency that DeFi users expect and deserve. This means having a core currency like CRUSH that governs and rewards the entire ecosystem. You can play, earn, stake, get rewarded, etc all in CRUSH. It creates the ultimate use case. It allows us to take traditional casino product like referrals and create deflationary DeFi protocols like our Black Hodle referral system that utilize burns to benefit the entire community, not just a single user. While casino is our first use case, it is far from our last. We will be able to introduce other existing DeFi use cases that utilize our locked pools and bankroll soon to build one of the most robust DeFi platforms around. It’s quite amazing when you really understand the possibilities.
But just like with anything great, there poses some complicated problems to solve. For instance, the transparency when integrating centralized and decentralized gameplay with a single currency. For instance, if a centralized game can play 10 games per second for each player, and a single block on BSC is every 3–5 seconds, keeping everything properly synced in challenging. Now if we were just tracking everything on the server and only offering crypto payments thats easy, but that’s not what we are.
For example, in the case the front end goes down, we want our players to be able to claim their balances directly from the smart contract. But with the above mentioned lack of sync, it’s a tricky situation. Thousands of bets can be made in 3–5 seconds, so keeping proper reconciliation between the game servers and smart contracts at all times, requires an elegant solution. Even more tricky when you add our 2 layer DeFi bankroll system that needs to be integrated. In one of the first of it’s kind, we will be able to leverage the traditional TVL of our CRUSH coin by adding it to our bankroll in a way that allows us to scale rapidly, while protecting and rewarding our hodlers greatly. In addition, we wanted to get away of the time locked staking rewards model that most casinos with profit sharing require, by offering one of the first dual rewards single asset staking pools of it’s kind.
As you can imagine, this combined with the above mentioned syncing challenges is farily complex. But, it is being built, it’s coming, and my god will it be glorious…!
So where are we?
To be honest we’re right where we should be 9 days post IDO. We have pools and farms rolling out rapidly. We have a ground breaking product in the works, with partners and our own products just waiting to be rolled out. As far as when it will be launched? We frankly just can’t say because DeFi never forgets a date, and shit happens in development sometimes. Unexpected issues or delays are all too common in development, and a locked date at this point will only come back to bite us.
We will not be pressured into releasing a product before it is ready. Will it be months? Absolutely not. Weeks, yes it’ll be a few weeks before beta testing. We will need to have full audits before going live, but should be ok to beta test while this is happening.
I promise we will keep everyone up to date and you’ll know more as soon as we do. We love our community, and we truly hope you see the potential in what we’re doing. When you really understand, it makes these small price fluctuations seem laughable.
My advice is buckle in, farm, stake, compound, and get ready. Once things start rolling out its going to be a wild ride.
Thanks for reading, and don’t forget to
