Fairness
Casinos hide their edge. Ours is a constant in an immutable contract. This page is every number, stated once, verifiable forever.
The flip
A stake is charged a 2% fee up front. The remaining 98% is wagered on a fair coin at exactly even odds and pays 2x on a win. That is the whole game: stake $100, win $196 back, or lose it all and mine $LOSE.
The coin is Chainlink VRF on mainnet. Randomness is requested when you flip and delivered by an independent oracle network; every parameter of your flip is frozen at request time, so nothing about the outcome can be changed while the coin is in the air. On dev and test deployments a keeper plays oracle, and the interface says so in the banner.
The fee, all of it
- 1.2% to the bankroll vault. LPs take the other side of every flip; this is their pay for carrying variance.
- 0.5% to the protocol. This is how we make money. There is no other way we make money.
- 0.3% to the $LOSE reserve, forever. It can leave only one way: any holder can burn $LOSE for a pro-rata share of the reserve, at any time, with no permission.
The token
$LOSE mints only when a flip loses: 10 per dollar lost in epoch 0, halving every 100M minted, hard cap 1,000,000,000. No premine, no team allocation, no owner able to change any of this. The reserve gives every token a redeemable floor; the cost of mining one sets a natural ceiling. Both trend up with volume. The floor dips whenever a loss mints new supply and re-ratchets as fees accrue. It is fully backed at every instant.
What we tell you that others do not
This is a negative expected-value game: on average, flipping costs you 2% of the stake. The token is a consolation prize, not a return, and its market price is not guaranteed by anyone. Play for the game, size your stakes like entertainment, and do not play with money you need.