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BYDFi
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1H1D1W1M

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Information

Data from
Issue Time
1970/01/01
Initial Price
US $ 0.00119976
Circulation/Max
63.65M/72.00M
Dominance
0.00%
ROI --%
$0.00119976$1.23509181
Low · 2022/11/012022/11/01 · High

Information

What is the description of the coin?

Royale is a decentralized protocol that aims to direct optimized stablecoin liquidity pools towards Web 3.0 "smart-backed" funding solutions for iGaming products.

Royale's mission is to kickstart iGaming businesses using DeFi protocol innovations. It aims to create an optimized decentralized liquidity network that promotes innovation and reduces barriers for the iGaming industry.

By combining the trust and financial innovation of decentralized finance (DeFi) with the iGaming industry, Royale introduces a new crypto niche called iGDeFi. iGaming startups can leverage the Royale platform to bootstrap the adoption of Provably Fair on-chain technology and their own bankroll facilities through our iGDeFi tech stack.

The relationship between cryptocurrency and online betting has been closely tied. However, the focus has mostly been on payment features. While some crypto projects have utilized blockchain for payment or authentic random number generation, none have employed decentralized finance (DeFi) liquidity pools for business development (BD) financing for iGaming platforms.

Answers

What Is Royale Finance (ROYA)?

Royale Finance is a cross-chain liquidity and technology solution for iGaming startups that combines decentralized finance (DeFi) capabilities with iGaming. It aims to address security and trust issues in online gaming while providing easier access to liquidity for game developers. Royale Finance launched its proof-of-concept in Q2 2020 and is currently developing its platform on Web 3.0. It has also released its in-house token, ROYA. As of January 2021, Royale Finance is in the final stages of its token sale and has secured $1.45 million in funding prior to the release of its V1 app.

Who Are the Founders of Royale Finance?

Royale Finance is led by CEO Georgio Andrews, who has a background in building infrastructure for iGaming and blockchain entities. COO and co-founder Matt Armstrong comes from an engineering background and has been investing in cryptocurrency projects since 2016. CSO Avron Goss has 25 years of online gaming experience and has been involved in provably fair technology and tokenized stock exchange launches.

What Makes Royale Finance Unique?

Royale Finance aims to address the trust issues in the iGaming industry by leveraging blockchain technology. It also aims to disrupt the liquidity access problem for game developers using DeFi. By combining DeFi and iGaming, Royale Finance bridges the gap between the two industries and opens up profit potential for investors. The platform uses DeFi for liquidity provision, and investors are incentivized to contribute funds and hold ROYA tokens. This reduces the reliance on centralized infrastructure and has the potential to tap into the $127 billion iGaming industry by 2027. Royale Finance has generated income through a token sale and an investment round.

How Many Royale Finance (ROYA) Coins Are There in Circulation?

Royale Finance's in-house token, ROYA, is an ERC-20 token on Ethereum with a fixed supply of 72,000,000 tokens. ROYA is used to fund the Royale Finance platform and maintain liquidity. The funds derived from the ROYA token sale are allocated to various aspects of the ecosystem, including liquidity provision, team operations, the Royale Foundation, and partnerships. Some allocations may be subject to a vesting schedule. Staking ROYA involves lockups that increase passive income from liquidity provision.

How Is the Royale Finance Network Secured?

Royale Finance utilizes delegated proof-of-stake (dPOS) as part of its security mechanism. The platform also implements lockups to reduce the risk of mass liquidity drainage and other profiteering activities by investors. However, as with any DeFi token, there is still a risk of initial volatility, and users should conduct thorough research and consider the associated risks before contributing liquidity or staking ROYA.

Where Can You Buy Royale Finance (ROYA)?

As of January 2021, ROYA is in its initial token sale stage. It is available on exchanges such as Bithumb and Bilaxy, with trading pairs against Bitcoin (BTC), Ether (ETH), stablecoins, and more. The number of trading venues is expected to increase over time.