CardStarter to Host Ridotto IDO
Ridotto, a cross-chain gambling and lottery protocol, will be launched on CardStarter
CardStarter, the world’s premier incubator, launchpad and insurance program for Cardano projects, will launch Ridotto as its next IDO. Ridotto is the first cross-chain gambling and lottery protocol that aims to revolutionize the gambling experience.
The market capitalization of the global Gambling and Lottery industry is estimated at $443.2 Billion in 2020 and is projected to grow around 12.8% thru 2023. Despite its positive growth, the age-old saying, ‘The House Always Wins’ has become synonymous with gambling, pointing to a lack of transparency in the industry. The industry is still plagued with distrust with players fearing foul play and rigging. The high barrier to entry has also deterred investors from getting involved in the space.
Ridotto’s mission is to disrupt this controversial industry by introducing elements of transparency and decentralization via blockchain technology. The design of Ridotto is underpinned by complete transparency, anonymity, security, and fairness. Ridotto is an open source, community-driven protocol that allows users to play, build games and earn rewards by providing liquidity in its DeFi ecosystem.
The Ridotto platform boasts six key features:
- Full Transparency
By running on decentralized blockchains, players and liquidity providers are able verify the odds of winning, probabilities and other aspects that are undisclosed by traditional casino operators.
2. Nested Interoperability
As a cross-chain protocol, Ridotto optimizes transaction fees and smart contract costs to enhance user experience.
3. Easy Build
Ridotto Lab boasts an extensive suite of tools, SDKs and libraries that allow users to build unique games on it’s platform.
4. Community Governance
As a community-driven platform, Ridotto will incorporate community input in its development. $RDT token holders play an important role in deciding the improvements and implementation of new proposals on the platform.
5. All-in-One App
The platform is designed to offer an engaging gaming experience via a streamlined user interface.
6. Staking Rewards
By staking and providing liquidity on the RIDOTTO protocol, users become the House as they are able to receive a portion of the earnings, rewards, and fees that is shared across the pools.
Ridotto believes in luck, only luck, and nothing but luck. With its innovative approach, Ridotto aims to offer a fair and transparent betting and gaming platform without the ambiguity, restriction and complexity of its traditional counterparts.
CardStarter is a decentralized accelerator and token swapping platform. $CARDS holders benefit from early access and guaranteed allocation to seed rounds, presales and private sales of Cardano projects. CardStarter is the first launchpad to provide insurance coverage options at no extra cost to participants.
“The CardStarter team is proud to facilitate the IDO of a game changing project that brings transparency to the online gambling industry. We believe that Ridotto will become the model that future blockchain casino projects will want to emulate. We look forward to a great partnership and a successful launch with Ridotto.” ~Amir Aatash, CEO CardStarter
About CardStarter
CardStarter is the first incubator, launchpad and insurance program for projects on the Cardano network. The CARDS platform is a unique and dynamic launchpad, connecting projects to early supporters and a network of key partners. The Cards Accelerator Program (CAP) team works with each project individually to establish the right connections and map marketing strategies, establishing the foundation for long term success.
CardStarter is also differentiated by its charge to protect its supporters. CARDS provides unbiased third-party audits of every project’s code and protects IDO participants with an in-house insurance program. CardStarter is proudly partnered with X21 Digital, BlockSync Ventures, Genesis Shards, Plethori, Fractal, PARSIQ, Scryptic Tech and Longtail Financial. Once fully built, CardStarter will be an all-inclusive platform with a decentralized exchange to complement the current offerings. CardStarter also aims to be a nurturing force in the Cardano ecosystem, with hackathons and project development support being a major focus of the roadmap.
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About Ridotto
Ridotto is the first cross-chain gambling and lottery protocol based on complete transparency, anonymity, security, and fairness. Our approach is to provide an open protocol driven by the community, where users can play or build games and earn rewards by providing liquidity to the DeFi ecosystem. On top of the protocol, we developed the Ridotto platform. An easy-to-use and user-friendly app that offers a genuine and vibrant gambling experience.
