The HashFair ecosystem more robust, resilient, and responsive to the needs of the community.
- Transparency: Blockchain technology ensures transparency as every transaction and game outcome can be recorded on a public ledger that anyone can inspect. This open, decentralized record of transactions allows players to verify the fairness of games themselves.
- Enhanced Security: Blockchain employs advanced cryptographic techniques to secure transactions and player data, making it extremely difficult for any unauthorized access or hacking attempts. Additionally, decentralization means there's no central point of failure that could be targeted by attackers.
- Efficient Payment and Withdrawal: Smart contracts on blockchain can automate the payment and withdrawal process. This reduces delays, costs, and potential human errors, providing a smoother experience for users.
- Borderless Play: Decentralized games can be accessed from anywhere in the world, bypassing jurisdictional restrictions common in traditional online games. It should be noted, however, that this doesn't absolve players from respecting local laws concerning online gaming.
- Privacy and Anonymity: Blockchain games like HashFair can offer games where players need not provide personal details, maintaining their privacy and anonymity.
- Immutable and Auditable: Every game played, every transaction made, and every outcome is recorded on the blockchain, providing an immutable record that can be audited by anyone, enhancing trust and integrity in the system.
- Decentralized Wallets: HashFair allows users to retain control over their funds by utilizing their own decentralized Web 3.0 blockchain wallets. This removes the risk of fund mismanagement or withdrawal limitations imposed by centralized platforms, giving players ultimate control over their assets.
- Immutable Game Rules: Our game rules are encoded on decentralized smart contracts, making them tamper-proof and unchangeable. This ensures that all players are subject to the same set of fair and consistent rules, guaranteeing a level playing field for everyone.
- Community Engagement: HashFair values community involvement and actively seeks input from players. We provide a platform where users can voice their opinions, suggest improvements, and participate in shaping the future of the ecosystem. By fostering a sense of community, we empower users and create a collective environment.
- Fair Profit Distribution: We have implemented an exclusive NFT pool where 80% of profits generated by our platform are distributed among the community. This ensures that the benefits of our growth and success are shared with those who actively contribute to the ecosystem.
- Token Transfer: When a player participates in a gaming round, they may need to transfer HFG Tokens to a specific contract or address to place their bets. The Dealer Contract can facilitate this token transfer by allowing players to interact with it and transfer their HFG Tokens to the appropriate gaming contract.
- Profit Distribution: After a gaming round is completed and profits are generated by the platform, the Dealer Contract receives a portion of these profits from the platform's profit calculation mechanism. The Dealer Contract then distributes a percentage of this profit (usually 1%) among the NFT holders according to their stake in the platform.
- Updating Token Balances: As profits are distributed to NFT holders, the Dealer Contract updates the token balances of each holder based on their share of the profit. This ensures that the NFT holders' HFG Token balances accurately reflect their earnings.
Games are Based on DAO Concept
At HashFair, we believe in the power of community-driven decision-making. That's why we have implemented a Decentralized Autonomous Organization (DAO) concept into our platform, ensuring that the control and governance of the ecosystem lie in the hands of our valued community members. Here's how you can actively participate and make a difference:
- DAO Governance: The DAO represents a community-led governance model where stakeholders have the ability to shape the future of HashFair. By staking our native token, you gain voting rights and the opportunity to contribute to key decisions that impact the platform. This inclusive approach ensures that every member of the community has a voice and can actively participate in the growth and development of HashFair.
- Participatory Decision Making: As a DAO participant, you have the power to propose and vote on various matters, including platform enhancements, new features, strategic partnerships, and more. Your stake in the native token not only gives you a say in these decisions but also fosters a sense of ownership and collective responsibility for the success of HashFair.
- Strengthening the System: By actively engaging in the decision-making process, you play a vital role in making the HashFair ecosystem more robust, resilient, and responsive to the needs of the community. Together, we can identify areas for improvement, address challenges, and implement innovative solutions that drive the platform forward.
- Transparency and Accountability: The DAO framework ensures transparency in decision-making as all proposals, voting records, and outcomes are recorded on the blockchain for public scrutiny. This transparency fosters trust within the community and enhances accountability for all participants.
- Rewarding Participation: Active participants in the DAO are not only shaping the future of HashFair but also benefiting from their contributions. As a token holder, you may receive rewards or incentives for actively participating in the decision-making process, creating a mutually beneficial ecosystem that values and rewards community involvement.
At HashFair, we recognize the importance of community empowerment and collective decision-making. By introducing the DAO concept, we provide a platform where every participant has a say in shaping the direction and success of our decentralized gaming ecosystem. Join us today, stake our native token, and become an integral part of the HashFair DAO. Together, let's create a stronger, more inclusive, and prosperous future for online gaming.
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Information Link:
- Website: https://hashfair.io/
- Twitter: https://twitter.com/hashfair_games
- Facebook: https://www.facebook.com/hashfairgames
- Reddit: https://www.reddit.com/r/Hashfair/
- Medium: https://medium.com/@hashfairgames
- Github: https://github.com/thehashfairgames
- Youtube: https://www.youtube.com/@hashfairgames
- Whitepaper: https://docs.hashfair.io/
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