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Exploring Metavault’s on-chain casino, OxBets

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In conclusion

In today’s article, we take one more trip to the Metavault ecosystem, this time to explore a shiny, new product added to the suite, OxBets.

Traditional betting platforms and online casinos have long been viral. Nevertheless, I am strongly advocating for the gambling industry to prioritise delivering an exceptional user experience.

The above isn’t the only issue with on-chain casinos; in online gambling, players frequently find themselves compelled to place unwavering trust in the casino operator, even though they may not consistently uphold principles of fairness and integrity.

OxBets takes on a new approach to on-chain betting that allows for a quality 100% on-chain casino experience with no trade-offs. Here’s how it works. 

Modus Operandi

0xBets tackles the fundamental trust issue prevalent in online gambling platforms. To achieve this, they have implemented a fully verifiable on-chain technology that revolutionizes how gambling operates.

The platform is decentralized, ensuring that all contracts undergo rigorous verification on the blockchain. This approach offers a remarkable level of transparency and security to the users. OxBets takes immense pride in adhering to the highest standards of provable fairness, made possible through the integration of Chainlink's VRF technology.

With this cutting-edge technology in place, they proudly offer a betting experience that is entirely trustless. Users can have confidence in the transparent and tamper-proof nature of the random results generated. By introducing these groundbreaking features, the goal is to reinstate trust in the online gambling industry and provide a platform that users can depend on for an enjoyable and fair gaming experience.

Furthermore, the platform serves as a comprehensive casino hub, catering to the diverse preferences of users. OxBets offers a wide range of casino games, exciting PvP games, and a multitude of sports betting options.

No Cheat Zone

When it comes to online gambling, the randomness of outcomes is what ensures a fair playing ground for all users. Solid random mechanics make a betting system more secure than shallow random techniques.

0xBets utilizes Chainlink's VRF function on the Polygon network to ensure that all games can be played with the same level of fairness and transparency as in a physical casino. Chainlink VRF, which stands for Verifiable Random Function, is a reliable and transparent random number generator (RNG) that allows smart contracts to access random values securely and without compromising usability.

When a request is made, Chainlink VRF generates one or more random values and provides cryptographic proof of how those values were determined. This proof is then published and verified on the blockchain before it can be used by any consuming application. This rigorous process guarantees that the results cannot be tampered with or manipulated by any individual or entity, including Oracle operators, miners, users, or smart contract developers.

By leveraging Chainlink VRF, OxBets ensures that the games are provably fair, unbiased, and verifiably random. Players can have full confidence in the integrity of the outcomes, allowing for a trustworthy and enjoyable gaming experience on our platform.

Games to play in 0xBets

0xBets currently provides the following games:

  1. Coinflip
  2. Dice
  3. Roulette
  4. Fortune Roll
  5. Rock, Paper, Scissors

Let’s dive into each one, shall we?

Coinflip

How to play Coinflip

  • Connect your MetaMask wallet to the dApp.
  • Ensure that you have the desired amount of the asset you wish to bet, such as wMATIC, DAI, USDC, USDT, Aave, LINK, UNI, wBTC, wETH, or stMATIC.
  • Enter the amount you want to bet, select either heads or tails and approve the transaction.
  • Once all the bets have been placed, click on the "Flip Coin" button and approve the transactions.
  • After your transaction is approved, the wheel will spin, and the ball will ultimately land on a specific number.

Winning bets will be paid out accordingly based on the outcome of the coinflip.

If flipping coins is not your thing, don’t sweat, there is; 

Dice

How to Play Dice

  • Connect your MetaMask wallet to the dApp.
  • Ensure that you have the desired amount of the asset you wish to bet, such as wMATIC, DAI, USDC, USDT, Aave, LINK, UNI, wBTC, wETH, or stMATIC.
  • Select the amount you want to bet, choose the asset you wish to bet with and pick the numbers you want to bet on.
  • Pick one or multiple sides to bet on (choosing multiple sides will affect the potential return), and then approve the transaction.
  • Once all the bets have been placed, click on the "spin" button and approve the transactions.
  • After your transaction is approved, the dice will roll, and the result will be determined.

Winning bets will be paid out based on the dice roll's outcome.

For lovers of the classic red and black roulette, 0xBet got you.

Roulette

Here’s how to play

  • Connect your MetaMask wallet to the dApp.
  • Ensure that you have the desired amount of the asset you wish to bet, such as wMATIC, DAI, USDC, USDT, Aave, LINK, UNI, wBTC, wETH, or stMATIC.
  • Select the amount you want to bet, choose the asset you wish to bet with and pick the sides of the dice that you want to bet on.
  • You have the option to select one or multiple sides of the dice to bet on. Take note of the multiplier associated with each selection to understand the potential outcome of your bet.
  • Once you have placed all your bets, click on the "roll" button and approve the transactions.
  • After your transaction is approved, the dice will be rolled, and it will land on one of the sides.

Same as Dice, winning bets will be paid out based on the dice roll's outcome.

Feeling like Scrooge McDuck? Well, now you can roll in fortunes.

Fortune Roll

How to play Fortune Roll

  • Connect your MetaMask wallet to the dApp.
  • Ensure that you have the desired amount of the asset you wish to bet, such as wMATIC, DAI, USDC, USDT, Aave, LINK, UNI, wBTC, wETH, or stMATIC.
  • Select the amount you want to bet, choose the asset you wish to bet with and pick the numbers you want to bet on.
  • Pick one or multiple sides to bet on (choosing multiple sides will affect the potential return), and then approve the transaction.
  • Once all the bets have been placed, click on the "spin" button and approve the transactions.
  • After your transaction is approved, the fortune wheel will spin, and the result will be determined.

The next game on the list might sound a bit weird (yeah I know), but it’s exciting all the same!

Rock, Paper, Scissors

How to Play Rock, Paper, Scissors

  • Connect your Metamask wallet to the dApp and navigate to the Rock Paper Scissors game section.
  • Choose the amount of cryptocurrency you wish to bet on the game. Ensure that you have sufficient funds in your account to cover your wager.
  • Select your move by clicking on the corresponding icon for rock, paper, or scissors. Remember, you have a limited amount of time to make your selection, so be prompt.
  • Wait for your opponent to make their move. The game will automatically match you with another player who has placed a bet on the same round.
  • Once both players have made their choices, the game will reveal the results. If you win, your account will be credited with the winnings. In case of a loss, your bet will be deducted from your account balance.
  • If the game results in a tie, you will have the option to either play again or receive your original bet back.
  • Repeat the process for as many rounds as you desire to play.

Global affiliate program

Using one of the most famous marketing techniques, referral programs, OxBets is sharing a piece of the pie. If you’re not a gambler or preferably, degenerate, you can still earn up to 15% in commissions by sharing your referral link right after you sign up for the global affiliate program. 

The program is split into different tiers with the first tier being accorded to every user. In the first tier, you can earn up to 5% from the house edge. 

For the second tier, 10% of the profit is up for grabs so long as your referrals exceed $600k in volume. Lastly, the rewards for the third tier will be communicated by the ream.

Closing thoughts 

The Metavault team are making plans to add more games to 0xBets in future. Now, there’s a nice little text on 0xBet’s doc pages that is sure to warm the heart of any player. It goes like this;

If you play like me, you’d understand the significance of a caveat like this and how it shows genuine concern for players.

I believe that the simplicity of the games and the opportunities that lie within is a true value-add to the Metavault ecosystem.

0xBets is exciting as it sounds. Personally, I’ll be trying my hands at the games, I might just get lucky. You should too. And while you’re at it, check out the casino on Twitter or join the Telegram community to prize a winning strategy or two.

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