LitePaper

A TLDR for New Fenix Protocol.

Introduction

New Fenix is a community owned, anti-censorship, free for all casino gaming protocol that runs autonomously using sustainable token mechanics and incentives. Achieving unprecedented and mathematically proven, tripartite balance of powers between the platform operators, liquidity providers and platform users. This has never been done before in the realm of the iGaming business and is set to disrupt an age old industry that is worth billions of dollars today.

As a small-time investor or customer, you can now own a piece of a lucrative business that is usually privately owned, ran by large inefficient corporations or illegal and shady underground operations. New Fenix offers a new paradigm in these dark times of uncertainty and rampant exploitation. It gives you a fighting chance. For once, may the odds actually with you.

Ecosystem Players & How to earn FNX

Platform users

Participate in the platform regularly and we reward our most loyal customers with large prize pools of FNX. The more you bet, the more you earn on top of your platform winnings. FNX tokens are designed to appreciate in value because it is backed by the most sophisicated mathetical models and platform revenue. Unlike infrastructure projects that is a hammer looking for a nail. This age old and lucrative business actually makes profit that can accrue value in the FNX token.

Liquidity providers

LP providers provide liquidity for the platform fund. Unlike centralised models where you are betting against the casino. Platform users can stake your tokens in FLP and effectively hedge their positions or gain upside on a lucrative business model. In traditional iGaming platforms or casinos, you will never be able to take such a position. The odds are surely in your favour!

Operators

New Fenix Bets is the first community owned operator on New Fenix Protocol. As we move towards our own L3 chain, we invite other operators to build on top of us. This helps the ecosystem remain competitive and ensures that FNX holders take part in the tail growth of a burgeoning decentralised casino gaming industry.