BingoToken - Play-To-Earn

BingoToken will aim to disrupt the Bingo gaming sector by incentivizing callers to give real money/crypto prizes without players gambling.

Our team has extensive and varied experience in Software Development, Gaming, Blockchain, Marketing and Company Management. POC completed.

BingoChain with its accompanying BingoToken will aim to disrupt the Bingo gaming sector by providing a way to play for real value (even real money) without the gamer risking any of their own money. By incentivizing both the caller (organizer) and players with BingoTokens we aim to get callers to put real money into their games.

- Callers and Winners will get one BingoToken for each player in their game.

- Normal players who don't win will get a single BingoToken for each card they play in the game.

- Players can acquire more cards to play by inviting friends to join.

- Players can start games with more cards to play by keeping more BingoTokens in their linked wallet.

So, as BingoToken is distributed more widely and as its adoption and value grows, callers will be incentivized to put more value (ADA or USD) on the line to attract more players and in turn get more BingoTokens as a result.

Players will have the thrill of competing for real value and our system is built to encourage community engagement by allowing callers to choose any type of meeting to call the game: Zoom, Google Meet, Twitch, Facebook, Teams etc.

We already have the development to a stage where we can run games and distribute BingoTokens and we would love feedback from the community. Funding will be used for ADA or USD prizes on some games which should kick start the ecosystem by attracting players and callers.

We'll host demo games every week on https://bingochain.io so anyone who is interested can join us for a game!

Further Info:

The idea began when a Casino Manager was locked out of his casino along with all his patrons when covid hit. Looking for a way to keep going he started distributing physical Bingo Cards and calling games over an online meeting. It soon became too popular to manage and we helped him by developing an online game geared towards real meetings. We soon realized we can enhance the experience by incorporating crypto into the game. We could remove the players risk without removing the reward – thus we started developing BingoChain.

We initially minted BingoToken on the Binance Chain and developed the game to a point where we could start playing real games to get feedback from the community. We struggled to attract interest whilst on the Binance network. Whilst we were developing the game, we gained interest in the Cardano blockchain and decided to get involved with the project and since then we have gained experience as a Cardano Stake Pool operator (AXNSA Pool) and have also seen the astonishing growth (and willingness to help) of the Cardano community, so we decided to make the shift and minted our token on the Cardano network.

User Experience

1. Log in to BingoChain.io

2. Fill in your profile details and enter your ADA wallet address.

3. Play a Bingo Game (there will be a live stream or online meeting to join – just click the link it the Game screen)

4. On completion of the Game:

• All Players - Receive one BingoToken for every card you played if you didn't win.

• Winner - Receive a number of BingoTokens equal to the total amount of players.

• Caller - Receive a number of BingoTokens equal to the total amount of players.

5. Tokens will be paid directly to your Cardano wallet at the end of the game. (Not yet implemented)

Example Token Distribution

• If you played 3 cards, you will get 3 Bingo Tokens if you didn't win,

• If 25 players played in a game that you won, you will receive 25 Bingo Tokens

• If 50 players played in a game that you called, you will receive 50 Bingo Tokens

If there were any ADA offered as a prize the ADA would also be distributed to the winner.

If there were any other prizes like USD, USDT or BTC in the game, the caller will need to distribute these after the completion of the game.

* Note that we will be running regular demo games from the Registration phase so that users can interact with the system – Join us on BingoChain.io to be among the first to receive BingoTokens. Note that the automatic distribution script has not been completed, so we will manually distribute BingoTokens for users who have accumulated more than 100 tokens.

Q&A: What do I do with the BingoTokens?

We plan to build in various utility for them in the BingoChain.io system, things like allowing players to have more initial cards, callers to host more players etc.

We will also apply to list them on Cardano Native Token DEXs when they kick off once the Alonzo upgrade is completed. If it takes too long to get listed on at least one DEX, we may even offer buy-backs directly in the BingoChain.io system so that users can exchange their BingoTokens for ADA.

Development Roadmap

The BingoChain development has already completed the proof-of-concept phase and is currently in refinement phase.

Phase 1 Development – Proof-of-Concept Completed

• Concept Design ✓

• Mint Token: 10 million tokens minted ✓

• Logo Design ✓

• Product Development – POC written as an Angular Application on the MEAN stack - 10 Weeks ✓

• Product Testing and Private User Feedback ✓

Phase 2 (Ongoing)

• Community Growth

• Host Public Games – Distribute Tokes and Gain User Feedback

• Refine and Enhance Game Experience

• Allow callers to send ADA to a Hot-Wallet as a way to provide additional ADA prizes in the caller's games

• Build the distribution script to execute on game completion which should:

o batch all the BingoToken (and ADA if applicable) distributions into a single transaction

o write the game data (game id, numbers drawn, winner info, winning card numbers) to the Cardano Blockchain to provide immutable proof and auditability of the pseudo-random number generator and winning card numbers.

Phase 3 (Future)

• Integrate Atala Prism as a login option

• Build more utility for BingoToken in the BingoChain ecosystem (see more info below)

• Develop App for mobile devices

• List tokens on Cardano DEX(s)

• Babel Fees - Approach stake pools to support BingoToken on their pools

Use of Funding

Catalyst Funds will be used to make crypto or cash (ADA and USD*) prizes available in the games as a way of attracting more players to the ecosystem to jump start the BingoChain player community and the BingoToken economy. Thus, the money will all be re-invested into the platform by giving back to the community. 

Metrics of Success - 3 Months

• Active Players in each game:

o an average of 20 players per game would be a good achievement

• Distribution of BingoTokens through the BingoChain game ecosystem:

o 5K tokens distributed

• Number of Callers organizing games on the BingoChain game ecosystem:

o 5 distinct callers from various countries

Metrics of Success - 6 Months

• Active Players in each game:

o an average of 35 players per game would be a good achievement

• Distribution of BingoTokens through the BingoChain game ecosystem:

o 15K tokens distributed

• Number of Callers organizing games on the BingoChain game ecosystem:

o 10 distinct callers from various countries

Metrics of Success - 12 Months

• Active Players in each game:

o an average of 50 players per game would be a good achievement

• Distribution of BingoTokens through the BingoChain game ecosystem:

o 30K tokens distributed

• Number of Callers organizing games on the BingoChain game ecosystem:

o 20 distinct callers from various countries