History

We understand that you all may have questions about why we have multiple collections and what the project's history is.

Cardano Casino was founded in April 2022 by the original founder, Jynx. Backspace joined the team as a moderator before the team minted and distributed the Loyalty Pass. This Loyalty Pass was distributed to all loyal holders or early supporters of the casino.

In September 2022, the team decided to mint the Chippy collection. However, it didn't go as planned. Out of the total supply of 2500 Chippy, the team only minted 1310, generating around 42k ADA. The staking took a lot of time to be released, but it was still delivered around October to November 2022 along with the CC token release. The CC token doesn't have an equivalent ADA amount on any decentralized exchanges (DEXes), posing another challenge for the old team in terms of liquidity pool or the ADA that will be added to the DEX. A few weeks later, Jynx faced health and personal problems, making it difficult to focus on pushing the mint. This led the original founder to step out of the project, and an official announcement was made. Backspace took over the project, and at that time, Jynx handed over all logins to Backspace, who transferred the ownership of Chippy and Loyalty Pass to a new address with the help of JPG store.

To fund the project and continue activities on Discord, we sold a few NFTs coming from the old treasury since it doesn't have any ADA left. We changed the website, added more monthly activities to our Discord, and restart the new roadmap of the casino. When we decided to proceed with and complete the minting of the Chippy collection, a catastrophic event occurred: the minter of the Chippy Collection closed its business. Despite our efforts to reach out, there was no response. Therefore, we created new art to be minted with a small supply of 1690 and decided to preserve the first two collections (Loyalty Pass & Chippy) and give them a utility.

The new collection, Gambler Collection, was minted on March 9, 2023. However, it did not sell out quickly. We minted around 800 NFTs at a time when ADA was around 0.33. The Gambler collection was sold out on October 7, 2023, raising 140k ADA, not including ADA and NFT giveaways during the minting.

Regarding developments, we started developing our first game, Pixel Royale, in March after the mint. We began developing the smart contract in May and released the testing phase in September, seeking community suggestions. After testing and hearing about confirmation time issues, we decided to rewrite the smart contract to enhance a few things and reduce confirmation time.

We acknowledge the delays in our development and understand that mere explanations won't suffice. Our priority remains to expedite the completion process. However, significant bugs in both the game and our smart contract have hindered our progress. In our commitment to ensuring platform security, we've sought assistance from additional developers to analyze our smart contract, leading to necessary adjustments. Later on, we decided on substantial alterations to the tokenomics. To communicate these changes effectively and secure ongoing development funding, we've published a Medium article detailing the overhaul, including legal and audit considerations. As part of this initiative, we've introduced the CHIP Presale Pass, guaranteeing participation in the forthcoming token sale and offering the opportunity to acquire CHIP tokens. Proceeds from this endeavor will support our token launchpad and facilitate a smart contract audit.

We are grateful to our OGs and new investors for their support and patience.

If you have any questions or concerns, please feel free to open a ticket on our Discord Server.