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Whitepaper v.1
1
TAABLE OF CONTENTS
1. Our Message ......................................................................................................................... 3
2. SUNRISE CASINO by DAO................................................................................................. 5
2-1. Addressing current token issues ........................................................................................ 5
2-2. the token economics we strive for ...................................................................................... 6
SUNRISE CASINO by DAO Outline.............................................................................................. 9
3-1. The origin of the name sunrise casino ............................................................................... 9
3-2. Outline ................................................................................................................................ 9
3-3. List of Games ................................................................................................................... 11
3-4. DAO-DeFi-NFT explanation ............................................................................................. 13
3-5. Types of ownership .......................................................................................................... 17
3-6. Distribution of Revenue .................................................................................................... 19
3-7. Explanation of Each Token............................................................................................... 20
4. Background industry analysis.................................................................................................. 22
4-1. History of Casinos ............................................................................................................ 22
4-2. Market size of the Industry ............................................................................................... 24
4-3. Economic Impact of Online Casinos ................................................................................ 25
4-4. DeFi Business .................................................................................................................. 28
5. Technical overview .................................................................................................................. 29
5-1. web3 Non-custodial Wallet ............................................................................................... 29
5-2. SUSD:Gaming Token ....................................................................................................... 30
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5-3. APRF ................................................................................................................................ 30
5-4. NFT: Proof of Earnings ..................................................................................................... 33
5-5. AMM ................................................................................................................................. 34
6.About the platform .................................................................................................................... 36
6-1. Gaming platform ............................................................................................................... 36
6-2. Staking Platform ............................................................................................................... 37
6-3. NFT MArket ...................................................................................................................... 40
6-4. JackPot Games ................................................................................................................ 44
6-5. DAO Funds ....................................................................................................................... 44
7. token sale overview ................................................................................................................. 45
7-1. SUNC Token Sale ............................................................................................................ 45
7-2. Token Allocation “SUNC” ................................................................................................. 46
8. Road Map ................................................................................................................................ 47
9. Public overview ..................................................................................................................... 50
9-1. Development and Operations ........................................................................................... 50
9-2. Fixed Information .............................................................................................................. 50
9-3. Platform Management Techniques .................................................................................. 50
9-4. Charter .............................................................................................................................. 50
9-5. Casino licensing ............................................................................................................... 51
10. Risk Disclaimer ...................................................................................................................... 52
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1. OUR MESSAGE
This world is not right.
Nowadays online casinos are too much of a black box, it is not even worth mentioning to talk about.
No matter what method you use, it is impossible to prove that there is no cheating going on.
However, with blockchain technology, this can all change.
This will fundamentally alter the entire industry of online casinos.
With that being said, the casino revenues will be publicly disclosed.
All the proceeds will be fairly distributed among all token holders.
We are not an exception. If we don't own the tokens, we will not get any of the revenue.
Therefore, we will not sell our tokens just to get quick cash.
Just to be clear, we are not the sole decision makers when it comes to the management
policy of this casino.
The holders of the governance tokens will decide by voting
and there is not a single management team running the casino.
What we try to emphasize is that the token holders shall hold all the power.
Think about the cost of operating a conventional casino.
Land, buildings, labor costs, and other expenses are required.
This casino requires no land, no building, and everything from game management all the way to profit.
Distribution is fully automated by Smart Contracts.
Compared to conventional casinos, the operating expenses are much cheaper.
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We won't put all the profits in our own pockets.
Here's a suggestion. We may be able to drastically reduce the obvious fixed cost of gaming
fees, worldwide.
This is all a net positive for the users, and in turn, good for token holders.
That's how the world should be.
Blockchain is changing the world.
a "New Sunshine" illuminates a new landscape.
SUNRISE CASINO by DAO
*Everything might not be achievable straight away from the beginning. But rest assured, we
will achieve everything in stages.
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2. SUNRISE CASINO BY DAO
2-1. ADDRESSING CURRENT TOKEN ISSUES
2-1-1. EXISTING TOKEN ECONOMY ISSUES
A lot of projects have this specific problem.
When users participate in projects of this type of token economics, they either receive or
buy the native token of this particular project. If the value of the token goes up, you make a
profit, and if the value of the token goes down, you lose money. In order to maintain or
increase the value of the tokens, it is always necessary to recruit new token buyers. At this
juncture, these actions have become unrelated to the token economy intended. Constantly
relying on external capital inflows cannot be called token economics.
Also, if the distributed tokens are tradable, it may cause a situation where the tokens are
always sold. Without a large external influx of capital, the token economics will collapse at
that point, and there will be no increase in the value of the tokens whatsoever.
Most projects to this day have been calling this their token economics but in reality, it is
closer to a Ponzi scheme that requires new influxes of external funds. In our humble
opinion, there is no such thing as a true token economy at this point in time. It is simply a
system of consumption that in fact eats up the token price created by the unsuspected
investors injecting external funds into the project.
2-1-2. TOKENS ARE WORTHLESS IF YOU DON’T SELL THEM
As mentioned before, since the tokens have no value, the founders and users have no
choice but to sell the native tokens to make profit.
Therefore, even the most loyal founders will sell their own tokens to fund development, to
maintain the project, and to make minimal profit.
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As a result, the token price will fall, and the fallen token price will never rise again unless
there are new purchases for that token.
This kind of system is a devious plan that allows the management to siphon off the users'
money. Is there no objection to this?
This system is flat out wrong.
2-2. THE TOKEN ECONOMICS WE STRIVE FOR
We believe that these problems are easy to solve.
The value of the token should be linked to the revenue of the project. This simple solution is
the answer to the token economic problem.
So, why do other projects have problems executing this simple plan? Shouldn’t they all
follow this plan? Is it because the founders only follow their own best interests and not of
the investors?
The founders of the project do not need gain a single dollar when they issue their native
token. When they issue the native token, the price of the token is actually $0, so no matter
the amount the founders sell their tokens for, it's pure profit. With this in mind, there is no
risk whatsoever for the founders.
Please think about how shares of an existing stock company operate.
Do stocks have no value? No of course they do. The stocks are the company itself. A
corporation does not belong to the president. It belongs to the shareholders. When you own
a company stock, you own part of a company or a project. Therefore, the value of a stock in
a stock company is basically linked to the earnings of the company. On top of that they
have the right to vote on the direction of the company's business. There is great value in
stocks. Stocks are the projects itself.
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As a result, founders do not have the option to sell their own shares so easily. Selling the
stock of their company means selling their own company or project.
The founders believe in their own project and that is the reason why they even start their
business in the first place.
Occasionally, founders will sell their own shares to raise funds to accelerate their project.
However, if they can, they don't want to sell their shares because the project is important to
them.
By making the project successful, the founders increase the value of the project and the
price of the shares. After and if they are successful, that is when they receive shareholder
dividends. If the project has no value, the stock has no value. This is why founders work so
hard to make their projects successful. If they don't, they won't be able to earn any profits.
The tokens must follow the same concept as the shares of a company.
To move forward with the project, Founders must sell tokens and conduct a pre-sale. This
is not a problem. In order to proceed with the project, funds are needed.
If tokens have the same specifications as shares in a stock company, founders will not sell
their tokens in the market after their public listing. Even if the token price rises, founders will
not sell their tokens. The reason being is that the tokens are the project itself. If they sell
their tokens, the founders will not be able to receive the revenue from future growth and the
success of the project. It is not absurd to think that any project that denies this concept is
either a scam or a Ponzi scheme.
The value of the token, the revenue of the project, and the project itself should all be 100%
linked. This is how it’s supposed to be. This is the right thing to do.
The Value of a Corporation = Value of the Project = Project Revenue = Value of
Shares = The Project Itself
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Based on the statements above, this project made two preparations to solve the existing
token economic problem.
1. In order to link the value of the tokens to the project revenue, DEFI will be used
to distribute 100% of the project revenue to SUNC holders.
2. The DAO has no proprietary administrators getting involved, therefore, founders
are token holders just like users. There are no operators with special privileges,
SO THEY will share the same outcome as other token holders. The SUNC token
will also have the function of a governance token, and SUNC token holders will
have equal voting rights in this project.
(Buyback from the Project Revenue)
One idea that has been seen from time to time in other projects is to buy up the native
tokens with the proceeds of the project. This is also the same kind of thinking we have.
However, we have never seen one that buys back 100% of the project's revenue. Most of
the time, buyback is done with a portion of the project's revenue. This means that the
project's revenue and the value of the token are not 100% linked. What happens when
founders don't hold the native tokens, but still receive revenue from the project? The
founders will sell the tokens. This becomes the obvious course of action.
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SUNRISE CASINO BY DAO OUTLINE
3-1. THE ORIGIN OF THE NAME SUNRISE CASINO
▷The name "SUNRISE CASINO" was chosen to express our determination and desire for
the "true dawn" of the casino world. The name SUNRISE CASINO represents a new age of
hope rising to meet everybody’s needs and to shine over the shadow that the outdated
casinos are hiding under.
The casino industry so far, oddly enough, has not been the best environment for players.
With an expression of our determination depicted as a vibrant glow, it will illuminate all that
has been hidden until now, and with that we will operate our casinos with complete
transparency.
We are proud to say that SUNRISE CASINO is the perfect and unique environment for
players.
3-2. OUTLINE
A GAMING PLATFORM FREE OF TAMPERING, CHEATING AND FRAUD.
A TRUE RANDOM NUMBER, INDEPENDENTLY DEVELOPED GAME THAT IS
WITHOUT ANY ADMINISTRATORS.
A FAIR GAME. WE HAVE ALL BEEN WAITING FOR
This project has been named "About SUNRISE CASINO by DAO" (hereinafter bellow will
be referred to as "Sunrise Casino"). This project is founded on the main principle by the use
of blockchain technology and as well as the use of a decentralized self-sustaining
organization technology also known as "DAO," which is often used as a fundamental
concept in recent years. This project will be the world's first completely independent casino
platform without any human intervention. In other words, Sunrise casino is a DAO casino
platform that guarantees complete independence and fairness by introducing "true random
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numbers" that have been certified by a third-party organization based on the "DAO"
concept of blockchain technology.
COPERATIVE OPERATION. THIS IS EVERYONE'S CASINO.
SUNRISE CASINO, RUN BY THE DAO (DECENTRALIZED AUTONOMOUS
ORGANIZATION), IS ALSO A
DEFI (DECENTRALIZED FINANCE) PROJECT THAT WILL BE 100%
TRANSPARENT OF OUR REVENUE.
*1 ALL USERS WHO HOLD SUNC WILL BE ENTITLED TO BENEFICIARY
RIGHTS AND VOTING RIGHTS.
As mentioned above, Sunrise Casino has introduced "true random numbers" around the
"DAO" as a blockchain technology concept. Which in return is a DAO casino platform that
ensures complete independence and fairness.
In addition, as a feature of the operation, we have incorporated a decentralized financial
system called "DeFi" to ensure that the flow of funds within the casino platform is
completely independent and completely transparent.
The unique feature of DeFi in Sunrise Casino is that 100% of the revenue generated is
released to the public, and we have designed the system to distribute all the revenue to
everyone involved in the Sunrise Casino eco system.
Finally, all users who hold SUNC tokens will have the right to benefit from and vote on DAO
and on DeFi, which will be operated on the Sunrise Casino platform. The platform will have
proof of beneficiary and voting rights while cooperating in a fully independent and
transparent manner.
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*1 20% will be returned to users as a DAOFund and 20% as a jackpot.
SHARE OF REVENUES FROM NFTS
MAKING EACH GAME AN NFT FOR EACH TABLE OWNERSHIP
AS A TABLE OWNER, YOU CAN EARN REVENUE FOR THE CASINO.
(BENEFICIARY RIGHTS)
Sunrise Casino distributes the owner's rights for each table of each game as an "NFT", a
digital data with proof of ownership that cannot be forged or altered.
This allows you to own safe and transparent rights.
By owning these rights, you will be able to safely earn the revenue generated by the game
tables you own.
3-3. LIST OF GAMES
1) Poker
Poker is a type of game that is played with playing cards. It involves a psychology,
probability and game theory. Players wager over which 5 card hand is best
according to that specific game rule. There are many different rules, but Texas
Hold'em is particularly popular because it is well known and involves a lot of skill.
2) Roulette
A typical casino game where you throw a ball into a spinning disk and wager to
where it may fall. American style roulette consists of 38 categories (1 to 36, 0, 00).
There are various separate methods for numbers, columns, and colors.
3) Baccarat
Baccarat is a game played by two virtual players, (a banker and a player) in which
the players bet on who will win. Since it is a virtual person who is actually playing
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the game, the customer can only make predictions, for example: horse racing, and
cannot intervene in the game in any other way.
4) BlackJack Blackjack is a game between a "banker" and a "player". The objective is to get a hand total of closer to 21 than the dealer without going over 21 (busting)
5) Craps
Craps is a simple game where you use two dice and guess the sum of the dice. It is
a popular game in casinos because of its variety of betting methods and refunds.
6) SicBo
Sic Bo is a game of predicting the total number and combination of three dice.
Simply put, it's like a dice version of roulette.
7) Casino War
Casino War is a relatively new casino game. It is a very simple game where the
dealer and the player draw a deck of cards and the player with the higher card
number wins. There are two ways to bet: win or draw, making it a very simple
game.
The seven types of games mentioned above are planned, and any additional games will be
decided upon by voting.
We will put the above games on the gaming platform as soon as we have a public chain of
game results.
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3-4. DAO-DEFI-NFT EXPLANATION
3-4-1. DAO
DAO stands for "Decentralized Autonomous Organization".
Bitcoin is held up as a representative of DAO. Bitcoin does not have a central authority that
hands out currency, and tokens are issued and managed according to predetermined rules.
DAO's strength lies in its transparency and fairness. In a blockchain-based DAO, a set of
contracts, implemented in a non-rewritable form also known as smart contracts, is executed
mechanically, decentralized, and autonomously. Therefore, if there is no flaw in the smart
contract, no centralized organization can intervene or unfairly change the rules to gain
profit. Smart contracts also make it so that no one can go rogue.
If the DAO is using a public blockchain, the data will be published on the blockchain. Also,
many projects have publicly released code for smart contracts, and this code can be
verified by anyone. Furthermore, you can trace the smart contract to see if the code is
really being executed.
In addition to transparency and fairness, there is no centralized organization in a DAO, and
contracts are executed by smart contracts with minimal human involvement. DAO also has
the advantage of saving manpower, reducing costs, and shortening the time required for
processing.
In this way, DAO is transparent, fair, and efficient, and it looks like the future as in how we
will organize our entities.
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3-4-2. DEFI
DeFi stands for "Decentralized Finance," and is a generic term for platforms that utilize
blockchain technology to provide new financial services that do not rely on traditional
exchanges or banks.
The reason behind the Defi bubble last year is that there was a "change" within the DeFi
ecosystem.
The turning point was a new investment method called “yield farming”. In addition to the
interest earned, there is a mechanism that allows for the double the benefits for acquiring
new tokens.
Our Defi platform will also incorporate elements of yield farming.
Yield farming will be done through a staking platform per usual, but what makes it different
from other projects is that it will not distribute governance tokens as dividends. The only
dividend distributed will be USDT.
Governance tokens are only available in the market to prevent unnecessary selling.
SUNRISE CASINO DEFI PLATFORM
How to play: GAMING PLATFORM SUNRISECASINO Earn profits: Staking platform To buy and sell: NFT marketplace or by auction Entering in the lottery: INO (Initial NFT Offering)
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3-4-3. NFT
NFT(Non-Fungible Token)
There has never been a technology that directly prevents copying or digital tampering.
NFTs have made it possible for digital data to have a unique value.
Name Cryptocurrency NFT
Features Fungible Token Non-Fungible Token
Definition Tokens can be replicable Tokens cannot be replicable
Divisible Yes No
ETH Standard
ERC20 (ERC1155)
ERC721 (ERC1155)
Application Quantitative things like currency and points
Digital art, game items, and other one-of-a-kind items
THREE KEY CHARACTERISTICS OF NFT
NFTs have three main characteristics. Simply put, the characteristics are programmability,
tradability, and interoperability.
1. Programmability
Programmability in the context of NFTs, means that a variety of additional
functions can be added to the data itself in a smooth transition. For example,
adding fees for secondary distribution. Suppose a gallery buys a painting from an
artist and sells it to a customer. No income is earned by the artist when the gallery
sells to the customer. However, with NFTs, you can install an algorithm that pays a
portion of the purchase price at the time of distribution, even if it leaves the
hands of the original artist.
Therefore, it is possible to create a system in which the primary creator can
receive a continuous margin, and there would be no need for a central
intermediary organization to manage the author’s rights.
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Although distribution is only one of the elements, the programmability
characteristic is one of the most important features of NFTs.
2. Tradability
NFT ownership is specified on a decentralized blockchain rather than a specific
service vendor which allows owners to freely transfer their NFTs, just like Bitcoin.
We call this “tradability”.
This will enable more free trades than ever before, without being bound by
countries or by any existing restrictive framework.
3. Interoperability
Since the NFT specification is currently defined as a common standard, so that
any service that provides and follows this standard can be operated.
In addition, the Ethereum blockchain standard for handling NFTs are generally
ERC721. At this present time however, interoperability is not perfect technically
speaking, so this standard is not necessarily a “standard” set in stone as of yet.
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3-5. TYPES OF OWNERSHIP
3-5-1. MAIN TOKEN SUNC
BY OWNING SUNC TOKENS, YOU CAN BECOME A MEMBER OF THE
CASINO'S MANAGEMENT TEAM.
YOU WILL HAVE VOTING AND LOTTERY RIGHTS AS WELL AS
BENEFICIARY RIGHTS WITH SUNC TOKENS.
The main token, SUNC, will be a token that uses Ethereum blockchain technology.
Holders of these SUNC tokens will be able to deposit their SUNC tokens into a staking
system, and 10% of the revenue generated by Sunrise Casino will be distributed
according to the number of stake holders. (V2 Staking pool)
In addition, by depositing ETH (Ethereum) of the same price as SUNC tokens in the
staking pools, 20% of the revenue generated by Sunrise Casino will be distributed
proportionately to the amount a user has staked. (V2 Staking pool)
In summary, we plan to release 30% of the revenue from the Sunrise Casino through
staking pools. There will be two types of distribution: a 10% distribution plan for SUNC
single staking pool, and a 20% distribution plan for SUNC and ETH staking of the
same amount liquidity pool. (UNISWAP LP)
In addition, by holding SUNC tokens, you will be able to obtain not only beneficial
rights, but also "voting rights" and "lottery rights" related to Sunrise Casino.
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3-5-2. NFT TABLE OWNERSHIP: TO BE BOUGHT AND SOLD ON THE NFT
MARKET
BY HOLDING THE NFT TABLE OWNERSHIP, WHICH ARE DIVIDED BY
INDIVIDUAL GAME TYPES, USDT WILL BE DIRECTLY DISTRIBUTED TO YOUR
WEB3 WALLET!
Table ownership using the aforementioned "NFT" technology will be sold and purchased in
the NFT market. This table ownership entitles the users to 30% of the revenue generated
from each game table.
As for the distribution of the proceeds of the NFTs, the owners of the NFT table
ownership will be able to receive the dividends directly in USDT to the user designated
WEB3 wallet.
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3-6. DISTRIBUTION OF REVENUE
SUNRISE CASINO BY DAO 100% REVENUE DISTRIBUTION
A CASINO operation that does not have centralized management.
By being transparent and being an administrator-less DAO, we can achieve this goal.
As for the distribution of Sunrise Casino's revenue, we have introduced the concept of
"DAO", which is a completely self-sustaining and does not involve any centralized
management, allowing us to distribute 100% of the revenue.
The ratio of the distribution is as follows:
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3-7. EXPLANATION OF EACH TOKEN
In this project, three types of tokens will be deployed depending on the application to
facilitate the project capability.
【SUNC】
It also functions as a governance token, and all operational decisions will be casted by
vote.
Staking in the V1 Staking POOLs provides XSUNC tokens, which can be exchanged
for an equivalent amount of SUNC tokens in the future.
30% of project revenue will be distributed by staking in the V2POOL.
By staking in the V3 staking POOLs, you can participate in the drawing for the right to
purchase each NFT table ownership
As mentioned above, the SUNC token will be the main token for this project. The first case
use is to receive dividends from the revenue generated by the Sunrise Casino by staking
SUNC. In addition, you will have the right to vote and receive lottery rights for this project
depending on the number of shares you own.
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【XSUNC】
Tokens to be distributed as bonus tokens to the community
Can be exchanged for SUNC after one year or after the casino officially opens.
By staking in the v2 staking pool, it will be replaced by SUNC over the next six months
time span.
If you can't wait for the SUNC equivalent exchange, you can sell it. (Uniswap)
We will distribute xSUNC tokens as a community bonus for this project.
Users can decide to exchange xSUNC tokens for an equivalent value of SUNC tokens
either after one year or after the official opening of Sunrise Casino. When exchanging
xSUNC tokens for an equivalent value of SUNC tokens, it takes six months from the time
the xSUNC tokens are deposited in the V2 Staking Pool for all the xSUNC tokens staked to
be exchanged for SUNC. If you wish to redeem your xSUNC tokens after one year or
before the official opening of Sunrise Casino, we will also provide you with a place to sell it
by utilizing the Uniswap protocol.
【SUSD】
A Stable coin to be exchanged 1:1 with USDT (ERC20)
SUSD is a stable coin that can be exchanged for USDT on a 1:1 ratio.
SUSD will be used as a gameplay token that will be used solely for gaming after Sunrise
Casino opens.
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4. BACKGROUND INDUSTRY ANALYSIS
4-1. HISTORY OF CASINOS
Casinos are believed to have originated in Europe, and there are various theories about
their origins in various countries. A well-known example is that in France during the reign
of Louis XV, gambling establishments for the upper class and common people became
popular. The French Revolution brought the collapse of the monarchy by the people, and
with it, the lack of restrictions on gambling, and the rise of gambling establishments.
Years later, Emperor Napoleon imposed some restrictions on gambling, but it was
legalized once again in 1907 when the Third Republic was established.
On the other hand, in Italy, there is not much information on the detailed origins of
casinos and while the precise political background is unknown, there is the Casino di
Venezia, which was founded in 1638 and is said to be the oldest casino in the world.
In Germany, the oldest casino recorded was established in Baden-Baden, which is also
world renowned as a recreational area, and we cannot forget the casino in Wiesbaden,
that was later established in 1771. Finally, there is a casino in England called
"Crockford", which is the oldest casino in the world still in operation to this day.
Apart from Europe, the birthplace of casinos, the United States is by far the most famous
country in the world today that has casinos. From a historical perspective, it is a relatively
modern. In 1931, casinos in the U.S. were legalized in Nevada, and by the 1940s, the
desert town of Las Vegas had rapidly developed into a casino town. In the late 1960s
and 1970s, Spain, the Netherlands, Australia, South Africa, Kenya, Senegal, and the
State of New Jersey began to legalize casinos, and new casinos were built one after
another.
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Generally speaking, casino games started from the upper class in Europe as a popular
pastime, and although it has been affected by laws and regulations it has still continued
to thrive. Starting from the 1960s, huge casino cities, such as Las Vegas, have been built
with lavishly decorated buildings and are mostly designed around a single theme, such
as the Great Egyptian Pyramids or the exotic Southern Islands. New casinos that target
families and locals tend to develop these days and in addition, the content offered is not
exclusively to "casinos games amenities”, but also includes shows, resorts, and other
entertainment.
As a side note, casinos in Europe and other parts of the world do not share the same
mindset as Las Vegas, and that there are many casinos that set strict dress codes and
other high standards.
One of the shortcomings of the casino business is that the casino games themselves
were not differentiated from other companies. Casinos try to attract customers to their
business with other unique content, such as entertainment shows. Even if the
entertainment show itself is operating at a loss, the reality is that the business model of
earning revenue by having visitors drop money in the “non casino gaming amenities” has
sadly become the industry standard.
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4-2. MARKET SIZE OF THE INDUSTRY
The casino market is estimated to be large, with more than 4,000 facilities installed in 144
countries and regions around the world. The size of the market is said to be about 180
billion US dollars, but because casinos deal with cash and chips, the size of the unknown
market is thought to be even larger than it seems to appear.
Looking at casinos from a regional economic perspective, as a local region matures into a
casino industry, the percentage of sales from non-gaming amenities, that is, content that is
not directly related to the casino but indirectly related to it, (i.e., hotels and foods and
beverage) tends to increase. For example, in the case of Nevada, a state with a long
history of gaming, non-gaming amenities accounts for about 57% of sales, which is more
than the gaming, or the main business of the casino. In Macau, a special administrative
region of China, the latest gaming revenue ratio is 92%, which clearly shows the maturity of
the casino industry. The maturation and impact of the casino industry is clearly evident in
both counties.
From all the evidences above, with respect to the offline market for casino business, the
mainstream business model is to provide content outside of the casino. Even if the casino
business is operating in a loss, it will be able to recoup and generate revenue from its non-
gaming attractions. In fact, as the region where the casino is located grows, sales of non-
gaming amenities tend to increase. Objectively speaking, the profitability of the offline
casino market will deteriorate as time passes. This raises the question of whether or not the
offline market for the casino business will become profitable over time.
It is natural to think that the offline casino industry will someday become, or has already
shifted to focusing to attract customers to their other business ventures, as their main
revenue is now from non-gaming amenities.
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4-3. ECONOMIC IMPACT OF ONLINE CASINOS
Like offline casinos, online casinos have had a long and winding history due to laws and
regulations before they were recognized in various countries.
The current popularity of online casinos dates back to 1994, when Antigua and Barbuda
(Countries that is also a member of the British Commonwealth) passed a law allowing the
operation of online casinos and the issuance of licenses. Then, in 1996, the world's first
online casino site called "InterCasino" was born. This site was licensed to operate an online
casino in Malta in 2007, and is still a popular casino in operation as of 2021.
At one point in time, it was thought that online casinos would be a new type of online
content that would spread worldwide. However, due to the complex interplay of various
agendas, online casinos have been plagued with taxation and operational problems that
have not been experienced with offline casinos since 1994.
In particular, due to the nature of online casinos, an unspecified number of operators and
an unknown number of users are involved, and the opaque movement of funds has led to
problems with taxation. Delays in withdrawals as well as some sites even going as far to be
malicious has made it become a breeding ground for fraud and bookies.
Of course, there was a movement to try to change this horrifying situation. In 2003, an
organization called eCOGRA was founded to regulate and guarantee e-commerce online
games. This organization, eCOGRA, is a non-profit organization (NPO) that has created
standards for online casinos from a third-party and fair perspective. As an impartial third-
party organization, they control and monitor over 100 casino sites, and their criteria is very
detailed and rigorous. Even now, it seems obvious that this eCOGRA approval provides
users with an important criterion regarding safety and fairness.
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Despite the various problems that have arisen, it is no exaggeration to say that online
casinos have exploded in popularity in the United States and elsewhere due to the
aforementioned measures taken by organizations such as eCOGRA.
Although the United States of America was late to the scene, it seems to appear that the
U.S.A have a better understanding of online casinos than most European countries, but
unfortunately on September 30, 2006, the U.S. Congress passed a bill that would make it
illegal for banks and credit card companies to allow U.S. residents to do business with
online casino organizations. The bill was added to a completely unrelated port security bill
and just before it was introduced, it was enacted by then President George W. Bush on
October 13, 2006.
The market reaction was very fast after that, and online casino-related stock prices
plummeted, leading to a very difficult situation.
Why are casino games so simple, yet have been loved and enthusiastically played by so
many people for so long?
The reason for this is that the gameplay is extremely simple and straightforward. It utilizes the gamification of "human beings," which is essentially a game of players fighting each other or the dealer, and most importantly it brings out the "passionate emotions" that many people cannot resist.
In addition, casino games reflect the absolute value of money in modern society, which is
either you gain "profit" or you sustain a "loss". However, as human beings, when we win,
we want to taste it again, and when we lose, we want to get it back.
The nature of gambling is very simple and clear without thinking about it, but it is also an
irresistible feeling. The system of casino games makes great use of these feelings.
When people experience large movements of emotions, such as dopamine highs, they feel
a sense of accomplishment similar to a narcotic effect. Casino games have been said to
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have the perfect balance of not getting in the way of people’s emotions while still being able
to maintain enthusiasm for the games.
This is because casino games and other mechanisms can be said to funnel "people" and
"their emotions".
Casinos do not need developers to keep adding new content or games. The fact that it is a
universal entertainment is the reason why it has been loved and enthused by many players
for a very long time.
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4-4. DEFI BUSINESS
As for the overall online casino market, although progress had been made by
representative organizations such as eCOGRA、 as you can see from the example of
InterCasino above, is that the majority of online casinos do not have a legitimate license. It
is still a cruel world where greedy merchants use dubious licenses and have bad intentions
to lighten customer’s wallets. Even if the customer wins and their payment is successful,
there are systematic problems that can cause them to lose money, and this is still a
common occurrence going on to this day. The lack of user knowledge accompanied with
the absence of stable infrastructure makes it almost impossible to deal with all the
malicious intent and fraud.
In the world of gambling, if there is any element that is invisible, especially if it is digital,
which is far from being analog, the merchant will always be under suspicion of cheating or
fleecing. If there is no transparency, operators can change results in their favor by remote
control or even go as far as illegal bookmaking. The best example of this is online casinos,
which will always be under suspicion, even if they have the correct licensing.
It is an undeniable fact that human intervention always involves some kind of greed, malice,
or other intentions, any of these above mentioned cannot be removed. Of course, many
people are able to suppress these emotions, but when factors such as the handling of large
amounts of money and the desire for gambling start to become involved over a long period
of time, it is unlikely that people who have been suppressing them will suddenly overcome
their greed and malice.
Based on these assumptions, the ultimate perfect casino would be a self-sustaining
program that continues to provide the fair play of "casino game operations" in an
unobtrusive manner with as little human intervention as possible.
Although these concepts have never been put into use on the online market before, the
concept of "DAO" was born on the public blockchain, which is rapidly expanding in the IT
industry and has started to spread like wildfire.
We believe that it is highly possible to create the ultimate, flawless casino by using these
tools and governance that is decentralized.
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5. TECHNICAL OVERVIEW
*This is an overview, and detailed information can be found in a technical paper to be
provided later.
This gaming platform of this casino will prove that no fraud has been committed.
The casino games will require a blockchain that has the sustainability to involve a huge
number of transactions and handle the speed of which the games will be played.
As of now, existing ERC chains, BSCs, etc. have problems with gas prices and speed.
We have decided to use a private block chain that doesn't cost gas and can withstand the
speed and volume of transactions.
The platform will utilize Web3wallet so that it is a seeming less transition for the end-users
5-1. WEB3 NON-CUSTODIAL WALLET
All platforms can be accessed via web3 wallet.
This will solve the problem of mutual trust and consensus among online casinos.
Withdrawal denials, account freezes, site closures, runaways, etc. are all handled through
your personal account, so you don't have to direct deposit any money to the casino and
thus ensuring safety for users.
To be compatible with an ERC-20 token, Web3 Wallet should be used to connect and hold
the tokens.
(For example MetaMask, Trust Wallet, or SafePal)
Web 3 Wallet also has the capability to safeguard and check NFTs within the wallet.
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5-2. SUSD:GAMING TOKEN
Private blockchain proprietary standard (yet to be determined) that is fast and gas-free.
Users can play at the same speed as a regular online casino.
The Cashier will stabilize SUSD to USDT as a 1:1 ratio and the transaction will be
transparent to certify the fairness of the exchange.
Once the card deck has been cut, the block is generated with a sequence of data to prove
that all the cards have been distributed without any duplication and to prove that no
cheating has occurred.
The number sequence data generated by APRF (*see next section) is recorded as a block
and all game records are written on the blockchain.
The game history recorded on the blockchain will be available on the inter-web address of
SUNSCAN so that users can routinely check their transactions.
We will record multiple pieces of data together to get a term for the blockchain entry.
All the USDTs in play will be locked and the locked amount of SUSD will be given to you as
Stable coins, in which will be the tokens the users use in their casino games.
5-3. APRF
APRF (ABSOLUTE PROBABILITY RANDOM FUNCTION)
At SUNRISE CASINO by DAO, the absolute probability random function APRF (Absolute
Probability Random Function) is used to carry out the operation (both non-interventional
and non-bias), that would be automatically generated at random. In order to prove that
there is no cheating and that the game is completely random, all the gameplay will be
recorded on a blockchain.
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In the past, the RNG random number generator, formally known as PRNG, was not a
complete theory, but only a pseudo one. The PRNG (Pseudo Random Number Generator),
had a problem where it would not function properly unless it was controlled by an operator.
With that been said, PRNG has a function called Return To Player (RTP), which
manipulates the rate of return to control the winners and losers in a centralized manner.
Many people don't know that these operators can use a rigged deck even during a video
streaming.
This section describes the properties of the random number generator (RNG).
HOW IT WORKS / THE ALGORITHM BEHIND THE RNG
When generating random numbers in programming, how does a computer generate
random numbers? Computers can't create random behavior, so they follow an algorithm
to determine a random number. The number generated depends on the algorithm, so the
computer cannot obtain a true random number.
This random-looking number determined by an algorithm is called a pseudo-random
number.
PROPERTIES OF PSEUDO-RANDOM NUMBERS
Random numbers based on a pseudo-random number sequence looks like a random
number sequence but in actuality is obtained by deterministic calculations.
PROPERTIES OF PSEUDO-RANDOM NUMBERS
Uncorrelated Sequence - A sequence of random numbers is continuously
uncorrelated.
Long periodical cycle- The random number generator has a long periodic cycle and
has repetition of number does exist.
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Uniformity - the sequence of random numbers is uniform and unbiased. In other words,
the probability of random numbers that appear must be equal in long term.
Efficiency - The random number generator is efficient.
RANDOM NUMBER CYCLE
The random number generator has a random number period and if the same number
appears as the number that appeared in the past, it becomes a loop, and the length of the
loop turns into a period. Most random number generators essentially have a pseudo-
random (integer) period.
PROPERTIES OF A CYCLE
With a finite number of integers
The integers proceed in a specific order.
If the cycle is exceeded, the numbers will be repeated.
Integers are not distinguished. In other words, it may repeat the same number.
Based on the above properties explained, the details of APRF (Absolute Probability
Random Function) will be further explained in the technical paper.
We are in the process of certifying the complete randomness of the data by a third-party
organization, and once we are completed, we will announce to the public on a later date.
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5-4. NFT: PROOF OF EARNINGS
By making the table ownership of each game an NFT, we can go back in time and prove
that it was profitable. Therefore, through this transparency, the fairness of market prices
can be calculated.
There are sales of table ownership in traditional casinos, but we are at the mercy of the
casinos so there is no way to prove that the revenue earned is official.
Recorded proof of profitability of an NFT can be verified. It will be recorded on a
surveillance chain for each game. The results of the game will be distributed to the table
owners in real time by smart contracts when the immutable blocks of the chain are created.
The revenue being generated will also be disclosed in real time.
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5-5. AMM
AMM (Auto Market Maker) Automated market makers are a powerful force behind
decentralized finance. They allow anyone to create a market and trade cryptocurrencies
seamlessly in a very secure, unmanaged and decentralized way.
While AMM is already experiencing massive growth, it is still in its infancy! Multi-asset
liquidity pools and permanent loss resilient protocols have already been developed and
have been tested. If DeFi integrates with the above mentioned AMM innovations, this new
type of finance will be unstoppable and has the potential to become mainstream.
Automated Market Maker (AMM) is a decentralized protocol that provides liquidity to a
particular market through automated algorithmic trading.
In the context of decentralized cryptocurrency exchanges, automated market makers
represent smart contracts that create so-called liquidity pools of tokens, which are traded
automatically by algorithms rather than the traditional order books. AMM determines the
price of the token based on a predetermined formula. The capital used to fund these
liquidity pools is provided by the users of these decentralized exchanges, who in return
receive a percentage of the fees earned by the protocol for providing liquidity.
The rapid development of AMM (Auto Market Maker) is one of the factors accelerating the
expansion of DEX (Decentralized Exchange). According to the latest report, they accounted
for more than 5% of the total trading volume of crypto asset (virtual currency) exchanges in
August. According to data from crypto asset analysis firm Mesari, more than 90% of the
DEX's trading volume currently comes from AMMs. However, it is not yet certain whether
this significant increase will be reflected in the AMM token value.
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The Mesari report states as follows:
“AMMs are different from exchanges that use CLOBs (centralized limit order books) to
determine the appropriate price for trading. In AMM, anyone can become a market maker
(a market participant who buys and sells a large amount of a particular asset for the
purpose of providing liquidity) by depositing idle assets into a liquidity pool. The price is
determined from the ratio between the assets traded. Market makers profit from fees when
trades are automatically executed by smart contracts.”
As of March 13, the top five AMMs in terms of annual revenue include Uniswap with 406
million USD, Syswap with 228 million USD, Balancer with 114 million USD, Swerve with
29.6 million USD, and Curve with 15 million USD.
SELF-REGULATED LIQUIDITY
Tokens can create a market on their own by allocating tokens to liquidity providers with
increasing liquidity and trading volume.
Secondly, there is less slippage against assets with stable prices (stable coins and fixed
assets).
Compared to CLOBs, curves with less price volatility, for example, can provide better
products.
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6.ABOUT THE PLATFORM
6-1. GAMING PLATFORM
SUNRISE CASINO's gaming platform will be operated on an original private blockchain.
The history of each Game and the flow of funds will be integrated onto the blockchain.
In addition, the lottery for each Game will use an original random protocol that utilizes
blockchain technology. This original random protocol can be used to publish and prove that
the lotteries are all random.
This will create an online casino that is fair, transparent, and trustworthy.
The following is an illustration of the flow of funds:
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6-2. STAKING PLATFORM
6-2-1. V1 STAKING PLATFORM ''BEFORE CASINO OPENING''
By depositing SUNC tokens in the V1 Staking Pool, you will be rewarded with xSUNC
tokens that can also be exchanged back for SUNC tokens in the future.
-In the V1 SUNC single staking pool there is 800mil xSUNC tokens.
(Distribution Ratio is 33.3%)
-In the V1 SUNC/ETH (UNISWAP LP) liquidity pool there is 1600mil xSUNC tokens.
(Distribution Ratio is 66.6%)
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6-2-2. V2 STAKING PLATFORM ''AFTER CASINO OPENING''
By depositing SUNC tokens in V2 Staking Pools, you will receive USDT directly.
-In the V2 SUNC single staking pool, there is 10% of total casino revenue.
-In the V2 SUNC/ETH (UNISWAP LP) liquidity pool, there is 20% of total casino revenue.
Most notably is that the governance tokens (SUNC) will not be distributed as dividends of
the project's revenue. Dividends from the project revenue will be distributed directly to the
SUNC holders and it will be sent as USDT.
SUNC tokens are bought and sold in the market, so that there is liquidity for its price point.
We believe that the tokens used to be played in online casinos and the dividends of the
proceeds should be USDT, a stable coin, for the protection of SUNC token holders and it
creates a useful case for online casino users.
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6-2-3. V2 STAKING EXCHANGE ''AFTER CASINO OPENING''
xSUNC tokens will be exchanged into SUNC tokens by depositing them over at the V2
Staking Pools.
It will take six months to exchange the full amount into SUNC tokens.
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6-3. NFT MARKET
NFT (NON-FUNGIBLE TOKEN)GAMING TABLE OWNER 6-3-1. NFT MARKET:
This is where the original NFTs which are the owner rights of each Game Table are to be
traded.
1. REVENUE FROM TRANSACTION FEES
NFT market's trading fee, 10% of the trading value, will be distributed to the SUNC Staking
Pools at 60% and to the DAOFunds at 40%.
(In the case of Split-NFTs sold at the auction, 8% of the shares will be allocated in the
above mentioned proportions, excluding 2% of the first ownership NFT rights.)
2. PROFITS FROM THE CREATION AND SALE OF NFTS
Profits from the creation and sale of the Original NFT will be split 60% to SUNC Staking
Pools and 40% to the DAOFunds.
*Information about the USDT revenue raised by the game tables that have not yet been
created into an NFT:
It will be distributed 60% to SUNC Staking Pools and 40% to the DAOFunds.
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6-3-2. NFT AUCTIONS
There will be individual NFTs per table game for the table owner and there will be a sale of
these owner rights for each table in the form of an auction purchased with USDT.
The winner of these auctions will be given the right to divide the NFTs (First Owner NFTs)
and can freely set the number of NFTs to be divided. When the First Owner NFT is split,
there will be one Original-NFT (benefiting 6% of table revenue) and multiple Split-NFTs
(benefiting 24% of table revenue divided by the split NFT). Original-NFTs have an
additional benefit: they will also receive 2% of the trading transaction fee on the secondary
market of split-NFTs in perpetuity.
To recap the special rights as a First Owner are as follows:
Gaming Table Ownership rights, NFT split sales, First Owners also have ability to split and
divide their NFT. Finally, there are no restrictions when it comes to the number of divisions
of the NFT.
EX. NFT: EXAMPLE OF THE THEORY ON SPLITTING AND 2% TRANSACTION
FEE WHEN BUYING AT AN AUCTION (ROULETTE)
Users can connect to the NFT Marketplace with your web3 wallet and anyone can
purchase NFTs. First Owner NFT will be sold at the auction for USDT.
EX. The First Owner NFT of the roulette wins in the auction will receive all 30% of the NFT
revenue of that specific roulette table. Furthermore, the winner (owner) has the right to split
the NFT as well.
As mentioned before, there are two types of NFTs when you split it up.
1. Original-NFT
Original-NFT will get 20% of the 30% of the table revenue.
If your split the NFT and the Split-NFT is bought or sold in the Secondary Market,
you will receive a 2% commission of the buy/sell price permanently.
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2. Split-NFT
Split-NFTs will receive 80% of the 30% of the table revenue that will be distributed
to the total number of Split-NFTs.
The number of the Split-NFTs can be decided only once at the beginning by the
First Owner. Once again, there are no restrictions when it comes to the number of
divisions of the NFT.
(1,000 or even 1 million Split-NFTs are acceptable.)
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6-3-3. INO (INITIAL NFT OFFERING)
The owner rights of one particular gaming table will be divided and sold as multiple NFTs in
a lottery format. To participate in INO, also known as the NFT's lottery sales, you need to
get SUN-Power by staking SUNC tokens to the V3 staking pool and set a predetermined
amount of USDT to win the lottery. The probability of winning the lottery is determined in
proportion to the amount of SUN-Power you have.
If you are not selected in the lottery, your USDT and SUN-Power will be returned.
If you win the lottery, the NFTs will automatically be purchased with the pre-set amount of
USDT, and your SUN-Power will be locked for two weeks and after that vesting period it will
be released.
The calculation is as follows:
-SUNC V3 Staking Pool X 1 SUN-Power
-SUNC/ETH V3 Liquidity Pool X 3 SUN-Power
EX. INO LOTTERY “V3STAKING POOL & SUN-POWER”
In order to participate in the INO Lottery sweepstakes, you must meet the participation
requirements.
I. Deposit the predetermined amount of USDT for the purchase of the NFTs.
II. Stake in the V3 Staking Pool to gain SUN-Power
III. Enter any INO Lottery that you would like to win
Ex. In the case of an INO-NFT with a purchase price of 100 USDT, which will be split
evenly between the Poker Table's revenue of 30%, please deposit a pre-set amount of 100
USDT as it will be automatically purchased if you win.
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If you stake 100 SUNC tokens in the SUNC V3 single staking Pool, the SUN-Power you will
receive is 100 SUN-Power.
If you create an LP with 100 SUNC and 100 SUNC worth of ETH in the SUNC/ETH V3
Liquidity Pool and you stake it, you will receive 300 SUN-Power.
6-4. JACKPOT GAMES
20% of the total game revenue will be distributed to the jackpot game.
The details of the JackPot games are yet to be determined (To Be Announced)
6-5. DAO FUNDS
20% of the total game revenue will be pooled for banker deposits and for the development
team. The deposited amount in the DAOFunds pool will be used as liquidity for the game.
The use of the funds for the development team however, will be voted on and managed as
a DAO, as per the principle.
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7. TOKEN SALE OVERVIEW
7-1. SUNC TOKEN SALE
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7-2. TOKEN ALLOCATION “SUNC”
Total Supply issued : 8,000,000,000
Founder : 12.5%
Developers : 12.5%
Marketing : 20%
AMM : 5%
Presale sales : 20%
Community Bonus : 30%
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8. ROAD MAP
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9. PUBLIC OVERVIEW
9-1. DEVELOPMENT AND OPERATIONS
For the initial development, the founders will lead the operation until the release of the
game.
9-2. FIXED INFORMATION
The 1:1 exchange of USDT and SUSD in the cashier is preserved in a way that absolutely
no one can tamper with it, and SUSD is 100% backed by USDT.
9-3. PLATFORM MANAGEMENT TECHNIQUES
Will operate on a community platform alternating between a resolution proposal period and
a decision voting period.
9-4. CHARTER
Rules to maintain the public interest in case of interference from malicious third parties.
Set unchanging rules for operating as a DAO.
We will create an unchanging set of game rules and publish them prior to the opening of
the casino.
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9-5. CASINO LICENSING
The preliminary condition is to operate as a DAO, which does not require a license, but
we will play it safe and our goal is to get a casino license for the SUNC token holders.
The casino license will be obtained just before the opening of the casino, as the
development is completed and the completed platform is checked by a third party for any
irregularities.
We are planning to obtain a casino license in Curaçao.
Curaçao was selected because it was the first licensee in the world to accept virtual
currency as a payment method, so it has a proven track record and high standards.
(Dutch territory) Curaçao License Description:
The online casino license of Curaçao in the Caribbean is very well known. The issuing
authority is the Curacao e-Gaming Licensing Authority. A long time ago, many casinos had
obtained this license for Curaçao, but it had fallen out of favor because it was easier to
obtain other licenses, but since 2014, the screening standards have been raised as well as
virtual currency is now being accepted as a method of payment, in return has attracted
more attention to do business in recent years.
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10. RISK DISCLAIMER
This document is for informational purposes only and does not constitute an offer to sell
stocks or securities of any affiliate or partner company.
Please note the following disclosures associated with this token:
TOKENS ARE NOT CONSIDERED AS SECURITIES.
The user acknowledges, understands and agrees that the tokens are not securities and will
not be registered as securities with any government agency and will not be treated as such.
The tokens are not legal tender, is not backed by the government. You acknowledge,
understand, and agree that by retaining ownership of these tokens, you are not guaranteed
profits, and will take full responsibility of your own actions.
No commitment has been made to receive any benefits, income or other payments or
distributions in the event of acquisition, retention, control, destruction, performance,
collection or expiration of any right, interest, authority or interest in the whole or in part in
SUNC tokens, xSUNC tokens or the SUNC Platforms or any other property.
NO GUARANTEES FOR INCOME AND PROFIT.
There is no guarantee that the value of the token will increase. There is no guarantee that
the price of SUNC tokens and xSUNC tokens will not decline (including a significant
decline) due to unforeseen circumstances, circumstances beyond the developer's control,
or force majeure. The volatility and unpredictability of the price of the token relative to fiat
currency may result in significant loss over a short period of time.
RISKS ASSOCIATED WITH ETHEREUM
This token will be issued on the Ethereum blockchain. In doing so, a failure or malfunction
of the Ethereum protocol could cause the trading network to not function as expected. Also,
depending on the development status, changes may be made in the implementation of
proprietary chains, and etc.
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REGULATORY RISK
Blockchain technology can be subjected to the oversight and control of various regulatory
bodies around the world. The SUNC token and the xSUNC token may be subjected to the
requests or actions by these agencies. This includes, but is not limited to, restrictions on
the use and ownership of digital tokens. Regulatory changes or actions at the state, federal,
or international level may adversely affect the use, transfer, exchange and value of the
virtual currency. This may slow down or limit the ability to function or repurchase SUNC
tokens and the xSUNC tokens in the future.
SUNC TOKEN AND THE XSUNC TOKEN ARE NOT INVESTMENT PROPERTIES
The SUNC token and the xSUNC token are not an officially recognized or legally binding
investment property of any kind. The goals and initiatives described in this document are
subject to change if unforeseen circumstances arise. The value of virtual currency may be
derived from the continued willingness of the market participants to exchange for these
tokens, which may result in the potential for permanent and total loss of value of these
tokens should the market for the virtual currency is to disappear. While we intend to
achieve all of the objectives stated in this document, any person or entity purchasing these
tokens does so at their own risk.
QUANTUM COMPUTERS
Technological innovations such as quantum computers may put cryptocurrencies, including
the SUNC token and the xSUNC token, at risk for cyber-attacks.
LOSS OF CAPITAL RISK
Funds raised through fundraising are not guaranteed in any way. If these are lost, or if they
lose their value, there is no private or public insurance organization to which the purchaser
can turn for assistance. Transactions in virtual currency may be irreversible, and,
accordingly losses due to fraudulent or accidental transactions may not be recoverable.
RISK OF USING NEW TECHNOLOGY.
Blockchain is a new and relatively unproven technology. In addition to the risks mentioned
in this document, there are additional risks that cannot be foreseen by the SUNRISE
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CASINO by DAO team. The nature of virtual currency means that any technological
difficulties experienced by the SUNRISE CASINO by DAO team, may prevent access or
use of this platform. These risks of using new technology may manifest themselves
differently from the risks described in this document.
RISKS RELATED TO ADVERTISING
We do not plan to set up a distributor for this project. We do not guarantee the source of
any information regarding sales that is not provided by the SUNRISE CASINO by DAO
team.
FULL COMPLIANCE
This Agreement constitutes the entire agreement between the parties with respect to the
matters dealt with herein. All prior agreements, discussions, representations, warranties,
conditions, and covenants are incorporated herein. In exception as expressly referred to
herein, there are no warranties, representations of intent, warranty provisions, or
agreements, express or implied, between the parties. This Agreement may be modified or
amended only by a writing, signed by the contracting parties. This white paper is subject to
revision at our discretion, and the latest version shall be considered valid.
BY PURCHASING SUNC TOKENS OR XSUNC TOKENS YOU ARE AGREEING TO HAVE
READ OUR FULL RISK DISCLOSURE AND HEREBY CONSENT TO ALL OF WHAT HAS
BEING WRITTEN IN THE RISK DISCLAIMER.