Overview of Racoon Supply
Racoon Supply and Racoon.bet, two sides of the same coin, are projects that combine a community-driven approach, artificial intelligence (AI), and gambling into a single ecosystem. It uses the $RAC token for governance and as a utility within its ecosystem, which includes a gaming platform, an NFT collection governed by a DAO (Decentralized Autonomous Organization), and Racoon Supply, focused on developing web3 applications. This entry provides an overview of the project’s structure, including its goals, the utility of its tokens, and the functionalities of its NFTs.
Integration of Community, AI, and Gambling
Community
The community holds 87% of $RAC tokens through airdrops. The Racoon DAO, formed post the second airdrop of $RAC tokens on March 31, 2022, allows token holders to vote on proposals affecting the project’s direction, including decisions on NFT collections, token incentives, AI projects, and revenue distribution.
Artificial Intelligence
Racoon.bet uses AI, specifically Generative Adversarial Networks (GANs), to create NFT collections. One of its goals is to employ a Graph Neural Network to identify potential scams within blockchain networks, demonstrating a practical application of AI in enhancing blockchain security.
Gambling
The gambling platform, funded by the profits from the first NFT series minted on the $SCRT network, shares revenue with NFT owners. This platform represents Racoon.bet’s approach to incorporating gambling with a focus on responsible practices and the application of game theory.
Tokenomics and Utilities
$RAC Token
$RAC operates on the Migaloo network and serves multiple functions, including governance and providing access to the platform’s features. The token’s utilities include participation in DAO governance, access to NFT airdrops, and usage in the gambling platform and Metaverse.
$GRAC Token
Issued for gameplay on the Racoon.bet platform, $GRAC tokens can be burned for acquiring NFTs or participating in special draws. The token aims to enhance user engagement by offering rewards for platform interaction.
NFTs and Their Utilities
Racoon.bet’s NFTs, created using AI, offer benefits such as a share of gambling profits and the ability to be transferred across blockchain networks. These NFTs are integral to the platform’s gambling ecosystem and are designed to provide users with tangible benefits based on their level of engagement.
DAO Governance
The Racoon DAO outlines specific criteria for proposal submission and voting, emphasizing a community-led development process. It requires a 33% quorum and a 67% affirmative vote for a proposal to pass, with a 500 $RAC fee for proposal submission.
Conclusion
Racoon.bet integrates community governance, AI, and gambling into a cohesive ecosystem focused on user engagement and platform growth. By leveraging the $RAC and $GRAC tokens alongside AI-generated NFTs, Racoon.bet aims to offer a comprehensive and engaging experience for its users, driven by community decisions and innovative uses of technology.
