HashFair operates in a decentralized framework.

 

About HashFair

HashFair is an innovative online games platform pioneering the integration of Web 3.0 technologies within the gaming industry. Built upon the robust infrastructure of blockchain technology, decentralized finance (DeFi), and smart contracts, HashFair has introduced the world's first decentralized dealer. Operating autonomously on an immutable smart contract, this decentralized dealer is a groundbreaking feature that has the potential to revolutionize the online gaming landscape.

Traditional online games platforms often rely on a centralized authority or a 'trusted third party' to maintain fair play, which can create a layer of opacity and mistrust. HashFair, however, disrupts this approach by providing an autonomous dealer that guarantees both the integrity of game outcomes and the immediacy of transactions. By leveraging blockchain technology, all game outcomes are transparent, traceable, and tamper-proof, which not only instills trust among gamers but also removes the need for a central authority.

Moreover, HashFair differs significantly from conventional 'provably fair' and 'Random Number Generator (RNG)' models prevalent in the online gaming domain. While the 'provably fair' systems provide a certain degree of transparency and the RNG models ensure unpredictability in game outcomes, they both operate within a centralized framework, thereby inherently entrusting a single entity with the responsibility of fair play. HashFair skillfully integrates the best features of both these models while eliminating their shared drawback of centralization. The result is a gaming environment that is not just provably fair but also visibly fair.

In addition to this, HashFair addresses common pain points in traditional online gaming, such as delays in withdrawals and the risk of funds getting stuck due to centralized controls. By leveraging the power of DeFi and smart contracts, HashFair ensures a pool of locked liquidity, facilitating seamless, immediate, and immutable withdrawals. The decentralization of game outcomes and payments also significantly reduces the risk of funds being stuck or confiscated, thereby cultivating trust among gamers and fostering a more secure and robust gaming ecosystem.

HashFair's profitability also plays a significant role in enhancing the value of its native HF tokens. A unique deflationary mechanism is in place, whereby the profits generated from the gaming operations are used to buy back HF tokens from the open market. Once bought, these tokens are permanently removed from circulation or 'burned.' By reducing the total supply of HF tokens over time and maintaining or increasing the demand, this mechanism leads to an appreciation in the token's value, benefiting all HF token holders.

In summary, HashFair is not just pioneering the next evolution in online gaming but is also reinventing the standard of fairness and trust in the industry. With the world's first decentralized dealer, it is building a gaming ecosystem that is both secure and engaging, harnessing the best elements of blockchain technology, DeFi, and smart contracts. This innovative model promises to propel the gaming ecosystem into the future, offering an experience that is transparent, autonomous, and immensely rewarding for its participants.

HashFair Vision

Our vision is to revolutionize the online gaming industry by creating a transparent, secure and innovative platform that offers an unparalleled gaming experience. We strive to be the go-to destination for gamers around the world, providing a variety of exciting games, powered by the latest blockchain technology

HashFair mission

Our mission is to make Hash Fair a trusted and forward-thinking platform that sets new standards in online gaming. We are committed to providing fairness, transparency and integrity to our users through decentralized smart contracts and secure payment systems. We aim to foster a vibrant and engaged community, driven by our passion for innovation and continuous improvement. By combining technology, user-centric design and outstanding gameplay, we aspire to redefine the way people engage in online gaming, ensuring an immersive, fun and responsible gaming environment for all.

The Dealer Contract

The HashFair Dealer Contract is primarily responsible for managing the supply of HFG Tokens and distributing profits among NFT holders. However, it does not directly handle gaming round transactions. The gaming round transactions are typically handled by other contracts or components of the HashFair platform.

In the context of a gaming round, the Dealer Contract may be involved in the following ways:

1. Token Transfer: When a player participates in a gaming round, they may need to transfer HFG Tokens to a specific contract or address to place their bets. The Dealer Contract can facilitate this token transfer by allowing players to interact with it and transfer their HFG Tokens to the appropriate gaming contract.
2. Profit Distribution: After a gaming round is completed and profits are generated by the platform, the Dealer Contract receives a portion of these profits from the platform's profit calculation mechanism. The Dealer Contract then distributes a percentage of this profit (usually 1%) among the NFT holders according to their stake in the platform.
3. Updating Token Balances: As profits are distributed to NFT holders, the Dealer Contract updates the token balances of each holder based on their share of the profit. This ensures that the NFT holders' HFG Token balances accurately reflect their earnings.

It's important to note that the specific implementation and details of gaming round transactions may vary depending on the architecture and design of the HashFair platform.

The Dealer Contract's role in gaming round transactions would be defined by the platform's smart contract infrastructure and how it interacts with other components involved in gaming round operations.

1. Dealer Contract (DC): This is the starting point of the flow. The dealer contract is where the profits are initially held. When it's time to distribute the profits, the dealer contract sends them to the staking pool.
2. Staking Pool (SP): The staking pool receives the profits from the dealer contract. It's responsible for calculating the shares of each stakeholder based on the number of NFTs they have staked in the pool. The more NFTs a stakeholder has staked, the larger their share of the profits.
3. Stake Holders (SH): These are the individuals or entities that hold NFTs and have staked them in the pool. They receive their share of the profits from the staking pool based on the number of NFTs they have staked.
4. The cycle continues as stakeholders stake more NFTs in the pool, and the staking pool recalculates the shares whenever it receives profits from the dealer contract.

This flow ensures that the profits from the dealer contract are distributed fairly among the stakeholders based on their contribution to the pool (i.e., the number of NFTs they have staked).

Legal and Compliance Considerations

1. Licensing: HashFair seeks to operate under the necessary licenses from relevant authorities. This ensures they can legally offer their services to users in different jurisdictions.
2. Regulatory Compliance: HashFair commits to staying up-to-date and compliant with all relevant regulations in the online gaming industry, including data protection laws, anti-money laundering (AML).
3. Smart Contract Compliance: As a blockchain-based platform, the smart contracts that HashFair employs will be designed to be compliant with the legal frameworks governing blockchain technology.
4. Player Protection: HashFair aims to align its policies with responsible gaming principles to protect players. This includes enforcing minimum age requirements, promoting responsible gaming, and providing self-exclusion tools.
5. Privacy Policies: Given the sensitivity of user data, HashFair will implement comprehensive privacy policies compliant with global data protection regulations. Users' personal and transactional data will be stored and processed in a manner that respects their privacy rights.
6. Jurisdictional Considerations: Online gaming laws vary widely across different jurisdictions. HashFair plans to tailor its operations in line with the specific legal requirements of the markets they serve. This may involve restricting access in countries where online gaming is prohibited.
7. Transparency: In line with the principles of blockchain technology, HashFair is committed to maintaining a high level of transparency in its operations. This includes open communication with users and authorities about its processes and any changes to its terms of service.
8. Dispute Resolution: HashFair intends to provide clear procedures for users to lodge complaints and resolve disputes, in compliance with consumer protection laws.
   As a decentralized, ownerless DAO (Decentralized Autonomous Organization), HashFair operates differently from traditional games. Its primary responsibility is to the community, which governs its operations and shares in its success

Here are the key considerations that guide HashFair's operation:

1. Decentralized Licensing: While traditional online games require licenses from various jurisdictions, HashFair operates in a decentralized framework. This means its services are underpinned by smart contracts and blockchain technology rather than being governed by a single jurisdiction.
2. Smart Contract Compliance: The smart contracts that drive HashFair are designed to comply with the broad legal frameworks that govern blockchain technology.
3. Community Protection: HashFair seeks to protect its community by aligning with responsible gaming principles. This includes ensuring the integrity of the gaming process and providing mechanisms for self-regulation within the community.
4. Transparency: True to the core principles of blockchain technology, HashFair upholds high standards of transparency. All transactions and outcomes are recorded on the blockchain and are publicly verifiable.
5. Player Protection: As part of its commitment to responsible gaming, HashFair strictly enforces a minimum age requirement of 18 years for all users. This ensures compliance with legal regulations and provides a safe and secure environment for players of legal age to participate in online gaming activities.

By ensuring these considerations, HashFair provides a unique, community-focused, decentralized environment that aligns with the ethos of transparency, fairness, and user empowerment inherent to the blockchain and DeFi movements.

Join us as we embark on this journey to revolutionize the gaming industry, bridging the gap between traditional gaming and the promise of Web 3.0 technologies. Welcome to the world of HashFair – where every player can experience fair play.

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For more information visit:

• Website: https://hashfair.io/
• Telegram: https://t.me/HashFairGames
• Whitepaper: https://docs.hashfair.io/
• Medium: https://medium.com/@hashfairgames
• Twitter: https://twitter.com/Hashfair_Games
• Facebook: https://www.facebook.com/hashfairgames
• Youtube: https://www.youtube.com/channel/UCt_4P2eqk0Jsn5MNsWapqcA
• Reddit: https://www.reddit.com/r/Hashfair/

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