Casino on Hedera! Lucky Token / King Solomon - Hedera Corner (Part 2)

This interview was originally published by Genfinity.

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King Solomon interviews Lucky Token as part of the Hedera Corner in the LightHouse by Genfinity! Brought to you by LightHouse Report sponsor Hedera Hashgraph and in collaboration with our partner and Hedera wallet provider HashPack.

Transcription

Lucky - Founder
‍On gambling and solving that is one of those problems we are definitely in the process of making everything fair and transparent, so there can be no issue about the trust at all when using our products.

Genfinity – King Solomon – Founder & CEO
‍No thank you for the explanation. I mean that was one of the that was one of the questions I definitely wanted to uh to ask you guys regarding what you're facilitating. Um, moving forward a little bit, you know talking about partnerships and collaborations, can you talk a little bit about any partnerships you may have had? I know uh, for example, I think you guys are working with uh, Saucer Swap at least for from a liquidity pool standpoint if I'm not mistaken.

Lucky - Founder
‍Yeah, that hasn't really been that that many collaborations in directly with other products. Yeah, Saucer Swap launched the new farm in their under liquidity pools are there currently. It's uh, um, the DeFi and our DEX that we prefer currently on Hedera, and we have good relations to there as well. Future, future like future partnerships, yes, we are open, but currently we are focused on building our products completely. So it, it's something that's on, it's a possibility, but it's not it's another priority. Yeah, possibility, but not a priority currently.

Genfinity – King Solomon – Founder & CEO
‍Yeah, and I mean even with milestones, milestones and achievements you guys have already accomplished and understanding that development takes time, um, with the Lucky stud aspect that you guys are going to be facilitating in the near future. Um, as far as a horse racing, like what else is kind of going to be are you planning on looking at in the future as far as uh, gaming after you facilitate the horse racing because you already have roulette, you have horse racing, do you guys can you drop any alpha for us and maybe tell us what other games you're at least thinking of that may be in the wheelhouse?

Lucky - Founder
‍Oh well, I got nothing, nothing concrete, nothing like I can't say anything before the discussing with the team, but something I would really like to make is something where you like do heists, try and rob a place and escape in one piece to get some awesome treasure, and then if you get out in one piece you get to keep those treasures, so there's a risk reward system, and it can be done quite differently on the Hashgraph because it's immutable so when you get the treasure it's locked on Hashgraph and you learn it, everyone knows it.

Genfinity – King Solomon – Founder & CEO
‍So definitely kind of the gamification aspect even outside of um, necessarily gambling, like more.

Lucky - Founder
‍Yeah absolutely, absolutely, and are our programmer has over 20 years of experience in game development so we really have some ideas brewing. And when they become more of a reality, I am more than happy to share them, but currently, yeah, currently those are on the idea aspect, and when they start to materialize I can share more, but absolutely games that cannot be done on any service like some something mix of new and old and all kinds of things that we think are exciting and our games that would bring the community together in a way that's not done before, that's something we really seek on doing and I think Hedera is a perfect platform to do it because it's fast and cheap and really efficient to you so no one needs to miss out because all the network is slow or expensive or anything like that.

Genfinity – King Solomon – Founder & CEO
‍Yeah, and I mean looking through the green paper you guys have built out right now, you do have kind of the obviously it's all based around you know, the token service with the Lucky token. So can you touch base a little bit on the like the tokenomics aspects or the endless liquidity pool aspects that you guys have built into the tokenomics right now?

Lucky - Founder
‍Right, so the tokenomics and such, where the green paper was written like it was the one of the first things we did and it will receive a bit of an not an overhaul, but like a fifth page to explain more now as our project has developed further, but as we see it and as I have thought about it, it's like when we receive house profits from the games, it's constant, and the more games we do, the volume creeps up, the like the velocity of the token increases, as the more use cases come up. So when the treasury starts to fill up, eventually, as it already has, it with like we zero wrote it and it already has a lot of tokens, but as it reaches a point there will become a point where there's not enough token to go around. We don't know when that point is, but when it is, we will add back to the liquidity. There's no reason for us to just like go and sell just open the sell on the market, it's much more long-term sustainable to feed back into the liquidity pool and that way when players receive tokens as rewards from the games, there is assurance that they will always be able to cash those out if they want through swapping on the DEX. So the, there's like the baseline of providing liquidity through now with my type may take time because there's not a lot of use cases currently live, but when there is, there's a lot of more velocity of the token, and you know things will happen a lot faster I think in the future, but it's something that's like I think that's a good way for us to reinvest the tokens we get from the from the games and use cases we have, and it's the most healthy thing we can do. When the fifth page of the white paper is released, that will explain a lot more how those tokens that end up into the treasury are like finally distributed because we have done some internal discussions about this box. Yeah, yeah, I think I think we should we have what we have in our project is we have a long term two long-term goals, token wise and then software wise, and those are not, yeah they both help each other, but neither is required. We can do this no matter what the token price is. We don't really care about the token price. We really care about that the token is available so people can use our use cases and we are making the token more available because there's not a lot of which there's less than 8 million tokens in total. Yeah, and another as another little detail about the token is there's no keys attached to the token, so it's completely immutable. So when the token is in the players like wallet, nobody can like do anything to it, it's complete ownership of the token, and I think in in especially in the gambling scenario this is really important to nail down so when players win something they win it and there's no one in the world that can take those wins out from their wallets. I think that's a really important thing.

Genfinity – King Solomon – Founder & CEO
‍Yeah, um, I always like to ask um, you know which where would you like people to go to learn more about what you guys are doing, is that Twitter is that the website, Is that the Discord, um, yeah, so where would you like to drive people towards so that they can learn more about where you guys are facilitating so they can play the game that you have right now and then you know try to read the paper and get into the community, um, if you'd like to let everybody know.

Lucky - Founder
‍Yeah, I think that Discord is the best way to get into it. Our Twitter is Lucky underscore HTS and everything is in the header on the bio, you know links to are Discord and website and all that, so to our Twitter, you can find our links to Discord, and we are basically around the clock. There is someone from the dev team available on the Discord, and we are very active there. If you have any questions, there is always someone to explain it to you, and you know we. I think that's the best place, yeah. Discord is the best place to join the community of Lucky token. Absolutely.

Genfinity – King Solomon – Founder & CEO
‍Well, I agree. I really appreciate you taking the time out today, um, huge shout out to HashPack for helping us to streamline these interviews and uh, Lucky, it's been a pleasure talking. I'm sure we'll be talking more in the future, and uh, thank you so much for your time.