Qupaca Innovations
Last updated
Last updated
The House on Qupaca is decentralized and community-owned. Anyone can deposit to participate in House profits, which are paid out in real time.
Our Casino protocol plugs into this single decentralized House to bank all of our games, like Slots, Plinko and Roulette. When a player loses a game, 100% of their wager is distributed to House depositors as staking rewards. As a large number of games are played and betting volume grows, House returns will grow as well. By decentralizing the House, we have unlocked access to the lucrative Casino business model.
The Qupaca protocol itself monetizes through a small transaction fee (~2%, but can vary by game & user bet strategy) on every bet placed. Qupaca is not the House.
Since Qupaca is not the House, we do not participate in each game, and therefore are indifferent to the outcome. We may be one of the first casinos ever that doesn’t want the player to lose. But don’t let this lead you to believe Qupaca does not still generate positive House returns, more on this in .
Since we don’t rely on the House for monetization, we are free to innovate on (decrease) the House Edge, and offer incredible win rates to players.
For context, the House Edge is the probability the House will win minus the probability the Player will win:
House Edge = p(House) - p(Player)
In most of iGaming (the online casino industry) the average House Edge can be around 5% to 10%. Meaning the House can have as high as a 55% probability of winning while the player has 45% probability.
On Qupaca, the House Edge is between 1 and 2.5%, depending on games and bet strategies. Meaning the Player can have as high as a ~49.5% probability of winning. That’s right, Players a much higher probability of winning on Qupaca than in traditional Casinos. We expect this increased probability to translate to increased bet volume.
Most notably, this lower House Edge applied to a large bet volume over time, still generates strong House returns over a large number of games. It turns out that Players don’t need to win more than the House. They only need to win more on Qupaca than they can win at other Casinos.
Qupaca is a more fair, more democratic and more lucrative system for all parties involved.