The Future of TreasureKey
In our conversations with the general community at large, the Treasure Key team has realised a nascent need to improve PIRATE utility, and liquidity to form a stronger foundation for the project moving ahead. After long discussions, the team has come up with a rehashed set of tokenomics given our observations of the ground sentiments, as well as our paradigm shift to become the number 1 BSC/Poly casino.
Q: What is the team doing to improve PIRATE utility?
A: Given the successful launch of our new games, the team will be using the profits generated from the new games to redistribute back to PIRATE holders. A percentage of profits will be re-issued back to PIRATE holders on our staking pool.
Not only that, profits generated from the games will be used to buyback PIRATE tokens, to form jackpots for users of our platform. However, only when users use the PIRATE token, will they be awarded a chance at winning the jackpot!
Q: What is the team doing to improve PIRATE liquidity?
A: Profit redistribution will be done thru the formation of PIRATE-BNB LP, thus bolstering liquidity in a near to mid term. This is an important part in our tokenomics, especially as PIRATE-BNB LP acts as a perfect hedge for profits redistribution (with added utility of providing liquidity!). A profit redistribution model that also functions as a layer of added liquidity will be a consistent theme throughout, since it leads to a positive cycle.
Increased profits > Increased redistribution > Increased utility > increased liquidity > Higher support for PIRATE prices
That being said, the team is serious about supporting the PIRATE token, and is still undergoing discussions to improve long term liquidity, and more news on that to come soon. By improving utility and liquidity for the PIRATE token, we firmly believe that this will provide a strong support for the PIRATE token prices moving ahead.
Q: What are the plans for the Treasure Key team moving ahead?
A: Many big things coming!
1. Now, the biggest thing moving ahead for the Treasure Key team would be to operate on a “SaaS” model. The team has conceived an idea to boost profits, and further boost profit redistribution through the PIRATE token. Not going to elaborate on this for now, but more details on this soon! (Do watch out for this!)
2. New hires coming soon! Treasure Key team is looking to hire 1 dev, and 1 project manager to further value add to the team, and to help us build out our vision of becoming the number 1 cross-chain casino!
3. Crazy new games coming soon! With an improved team roster, our team will now be able to flesh out new games that tailors to every gambler/potential gambler’s whim and fancy! What does this mean? An increase in profits, and thus increase in profit redistribution for PIRATE holders.
Conclusion
In the midst of a cryptocurrency bear market, the Treasure Key team has managed to build a project that has topped the BSC charts on the gambling DAPP section. Not only so, we have confirmed strong partnerships to propel ourselves into the Polygon ecosystem where we can hit the ground running immediately. These have all been achieved while the team operates on a super lean budget, but with a highly dedicated plus skilled team (shameless plug i know!), and we only ask for your continued support and patience as we continue building success for PIRATE holders, one game at a time :)
