metadata: {"signature": "0x722ab14e3599f747c7c6835e7e6ac8855521df573555975758c75911b3d156623d45cdbb1245c58152415afc54c006aa271848200b056c1476eba0b1b21e68771b", "application": {"round": "0x6142eedc06d80f3b362ce43b4ac52fad679dc850", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "IiBPhQF8K7OPP1IJgawkczr8q+d18p1acv9wAAZcDvsQ6fZ+00zOqiPtPDpUxUfr", "encryptedSymmetricKey": "2e6e8a555a1c93e7b71f50b7ac66621069cf8a73333fd691fd130945f271f806f8cee59fb10c2130644db691fdedcd0e8d5aa4f7bd78016ab687c5579460c3aa3c137f47b17e2fafcfa3043ea39837150cf57e2efd8b7e71f40d65a62ee404b1e364c4440b77d975c902b25bdd9d97600c966b4f5f185b2441ad044612cdd839000000000000002091ac8e6c929e040a503f097f48ded54816d64e9bf9fe20d4ec7f4c8ca5d5fbcc85ff23540a85d24f7b9db4ed809e5ab0"}}, {"type": "paragraph", "answer": "Introducing ARENATON, a new player in the DeFi space that seeks to transform traditional online betting practices through cutting-edge blockchain technology and a community-based approach. ARENATON sets itself apart from the competition by incorporating commission sharing to native token holders, NFTs and introducing innovative stablecoin mechanics, offering a unique way to engage with the DeFi ecosystem. This article will delve into the standout features of the ARENATON project, highlighting its distinct value propositions. \nCore Pillars of the ARENATON Ecosystem\nCryptobookmaker\nARENATON's betting system stands out in the crypto space since it allows users to bet on diverse games from various sports worldwide. \n\nARENATON's system, built on the principles of the parimutuel model, offers participants fluid odds, which can dynamically change based on game strategies and the extent of player involvement. Instead of fixed betting, this approach emphasizes collective participation, allowing for a more exciting and unpredictable gaming experience.\n\nWithin the digital landscape of betting, transparency is a well-known concern. The platform confronts this challenge by leveraging blockchain's immutable nature. In the ARENATON ecosystem, manipulating outcomes or odds is a practical impossibility. Every bet, every outcome, every odd is recorded transparently, guaranteeing users a manipulation-free betting environment.\nSmart Contracts\nAt the heart of ARENATON's platform are its smart contracts. \n\nThe Arenaton Contract serves as the foundational framework, encapsulating the rules, percentages, and values governing the platform. This contract is designed to be adaptable, allowing for rule adjustments to enhance resilience and trust as the landscape evolves. The system facilitates accuracy in betting through a dedicated ORACLE, eliminating potential human biases. \n\nATON, an ERC-20 token, serves as the primary currency, powering transactions and interactions on the platform. \n\nThe VAULT holds a significant position, acting as the principal custodian of assets, solidifying the economic foundations of the ecosystem. \n\nThe SwapController plays a crucial role in token swapping, ensuring seamless asset exchanges within the system.\nStablecoin Mechanics\nARENATON's approach to stablecoins is both innovative and practical. The VUND is adept at treating three major stablecoins - USDT, USDC, and DAI - as equivalents, creating a unified and simplified UX for frictionless swaps. \n\nVUND makes it easy for users to swap between the three main stablecoins without any loss in value.\n\nAcquiring VUND within the platform ecosystem is possible solely through staking stablecoins and subsequent wins. Importantly, it's vital for stakeholders to recognize that ARENATON neither offers ATON nor VUND for direct purchase.\nDecentralization\nA significant advantage of ARENATON lies in its decentralized and trustless design. The platform has been designed to allow users to participate without having to register. \n\nMoreover, ARENATON does not retain any personal user data, making it a truly decentralized and trustless ecosystem.\nReliable Data Sources\nTo ensure the authenticity of its operations, ARENATON integrates with the FlashScore API, an industry leader for sports data. \n\nThis integration promises users real-time updates on events, guaranteeing data accuracy, essential for informed decision-making in the dynamic world of betting.\nBetting Mechanics in ARENATON's Universe\nStaking: One of the main features of ARENATON revolves around its staking functionality. Staking not only strengthens the project's liquidity but also allows the integration of NFTs into the project. The outcomes from various games play a pivotal role in the rarity and strength of these NFTs.\n\nATON Rewards: Players have the opportunity to earn rewards via diverse activities on the platform. These rewards can be obtained by initiating events, concluding them, and maximizing stakes. The outcome of these events \u2014 whether they end in wins, losses, or draws \u2014 also plays a critical role in determining the rewards. \n\nStrategic Leverage: The platform employs ATON as its foundational financial tool, and gladiators have the option to leverage their stakes to the equivalent of their VUND holdings. \nThe inclusion of ATON leverage allows players to strategically determine the timing and quantity of ATON usage, influencing potential payouts. The player\u2019s stakes continue to amplify every time ATON is staked or burned.\n\nCryptobookmaker: A distinguishing characteristic of ARENATON's betting mechanism is that the betting system accommodates many games from myriad sports across the globe. Sharing bets has advantages as it can result in fluctuating odds, increasing potential rewards.\n\nVUND: VUND is not your conventional stablecoin. Unlike traditional stablecoins, VUND combines the strengths of USDT, USDC, and DAI, giving them equal importance. This innovative approach enables Arbitrage Swaps, creating a dynamic interplay between VUND users and other liquidity pools.\nWhy Should You Hold $VUND?\nARENATON has made a bold move to demonstrate its dedication to its stakeholders of $VUND. At its core, the strategy revolves around one primary principle: sharing.\n\nArenaton is promoting a groundbreaking concept \u2014 distributing all commissions to VUND holders. This not only includes earnings from the bookmaking activities but also includes returns from swaps and sales of NFTs. This approach, designed to incentivize the VUND holders, disrupts traditional operational models. \n\nThe philosophy behind sharing all commissions is clear - to foster trust and promote active participation. By placing VUND holders at the center of its economic model, ARENATON ensures they benefit directly from the platform's growth and success.\n\nFor the platform's sustainability, the VAULT stands as the primary token holder. This approach offers transparency, enabling users to grasp the platform's functionality. \n\nARENATON's economics is a unique blend of community reward and sustainability, setting a new economic model in the DeFi space.\nARENATON's NFT Integration\nAs the NFT wave continues to reshape digital ownership and assets, ARENATON doesn't stay behind. \n\nIntegrating NFTs into their platform, they've crafted a collection system that rewards users based on their staking activities at ARENATON. These aren't just any NFTs but ones that carry enhanced bonuses. \n\nThe odds of acquiring rare NFTs improve not just by winning games but also through active participation \u2014 by initiating and concluding events, maximizing stakes, and based on all outcomes, whether wins, losses or draws. \n\nThe system uses a comprehensive probability table, considering the breadth of a player's engagement as a determining factor for NFT minting.\n\nFor those looking to upscale their collection, the platform offers a unique fusion feature: players can merge three common NFTs to forge a single rare one. \n\nFurthermore, these NFTs are minted with ATON at a specified value, integrating them seamlessly into the ARENATON ecosystem.\nConclusion \nARENATON is an innovative platform that combines traditional betting practices with modern blockchain technology. It offers a unique feature of sharing all commissions with VUND holders, promoting transparency and mutual growth. Additionally, the integration of NFTs and a complex stablecoin mechanism demonstrates the project's commitment to staying ahead of the curve. \n\nAs the crypto world evolves, ARENATON's pioneering initiatives will make a significant impact in the DeFi and betting ecosystem, providing innovation and a user-centric approach in a constantly growing domain.\n", "hidden": false, "question": "Application detail", "questionId": 1}, {"type": "number", "answer": "10000", "hidden": true, "question": "Amount requested (in $)", "questionId": 2}, {"type": "dropdown", "answer": "ARB", "hidden": true, "question": "Payout token", "questionId": 3}, {"type": "short-answer", "answer": "From the Address that recieves the ARB tokens it will go into Swap for DAI, USDC, and USDT. These Stable Coins will go into Liquidity. This way we can guarantee the resources are not expenden on Chain", "hidden": true, "question": "How do you account for this fund request?", "questionId": 4}, {"type": "paragraph", "answer": "Promotion and give initial liquidity to our Stable Coin Vault", "hidden": false, "question": "How will you use these funds? Please make a detailed plan for expenditures.", "questionId": 5}, {"type": "dropdown", "answer": "Open Contribution", "hidden": false, "question": "Which RFP is this project covering? ", "questionId": 6}, {"type": "short-answer", "answer": "Is gonna be a Stable Coin Tool for Enthusiasts and Users", "hidden": false, "question": "How do you think this project fits in with Uniswap?", "questionId": 7}, {"type": "paragraph", "answer": "I gives an alternative use to stable coins and bring sport fans into the ecosystem\n\nOur Degen Frame Mini Arenaton is gonna bring more new users", "hidden": false, "question": "What benefits will this project bring to Uniswap in the Arbitrum ecosystem?", "questionId": 8}, {"type": "short-answer", "answer": "Yes, we had one security audit done. More to come yet", "hidden": true, "question": "Has this project undergone a security audit? If not, are you planning to undergo it?", "questionId": 9}, {"type": "short-answer", "answer": "https://github.com/XelHaku/arenaton-smart-contracts", "hidden": false, "question": "Is this project open-source? (If yes, share the repository link).", "questionId": 10}, {"type": "paragraph", "answer": "Our Stack is::\n\nNextJs\nWallet Connect\nAlchemy Account Abstraction\nFrames.js\nFoundry and Hardhat\nChainLink\nSyndicate.io \n\nThe workflow has a complete Front End + Smart Contract Ecosystem + Services to hold the system", "hidden": true, "question": "What is the workflow chosen for this project? (You can mention development practices, tools, programming languages, etc.)", "questionId": 11}, {"type": "short-answer", "answer": "https://www.arenaton.com", "hidden": true, "question": "Does this project have a demo? If yes, share a public link.", "questionId": 12}, {"type": "short-answer", "answer": "Sports fans, Stable coin Holders and NFT enthusiast", "hidden": true, "question": "What is the target audience for this project? (Mention if there is a market launch plan).", "questionId": 13}, {"type": "paragraph", "answer": "Juan Tamez Tech Lead\nJorge Porras Web3 Developer\nHiram Olan Web3 Developer\nJesus Burnes DevOps\nJesus Cantu Busines Development", "hidden": false, "question": "Who are the members of the team?", "questionId": 14}, {"type": "paragraph", "answer": "I build my team around young web2 developers \n\nMyself I've been Building automated trading bots directly on chain\n\n- Statistical Arbitrage\n- Triangular Arbitrage\n- Ornstein Uhlenbeck Cointegration\n\nand more\n\nMy formation is on Physics and Mathematics, went to the US to study a PhD in Physics\n\nModelling atoms and nanorpaticles was a part of the job there\n\nThe deterministic nature of Blockchain brough us here", "hidden": true, "question": "Describe team members' experience and current roles for this project.", "questionId": 15}, {"type": "paragraph", "answer": "Roadmap\n\nWe are ready to launch testnet soon to open public\n\nThe time and rsources will be to guarantee the Transparency and Security of users", "hidden": false, "question": "What are the Project Milestones? (Be very specific and write a roadmap highlighting critical deliverables of the project; mention how you will ensure to supervise and track them).", "questionId": 16}, {"type": "paragraph", "answer": "We have the Architecture ready\n\nRight now we are working in clients projects to gather more funds", "hidden": false, "question": "How do you plan to reach these milestones? (Explain the project feasibility).", "questionId": 17}, {"type": "multiple-choice", "answer": "No", "hidden": true, "question": "Has this project already been funded by other Grant Programs?", "questionId": 18}, {"type": "checkbox", "answer": ["I confirm."], "hidden": true, "question": "I confirm that I have read the Code of Conduct and that I have filled out this form correctly and truthfully.", "questionId": 19}, {"type": "checkbox", "answer": ["I understand."], "hidden": true, "question": "I understand that I will be required to provide KYC information by the UAGP team in case my application is accepted.", "questionId": 20}, {"type": "short-answer", "answer": "Monica Talan from cryptoconexion.com invite me to apply", "hidden": true, "question": "How did you find out about UAGP?", "questionId": 21}, {"type": "paragraph", "answer": "Introduction \n1.1 Overview\nARENATON enters the DeFi sector with an objective to revolutionize online betting using advanced blockchain solutions. Moving away from the pitfalls of traditional betting, it offers a decentralized approach, ensuring each transaction is free from undue influence and manipulation.\n\nARENATON is a cutting-edge platform that integrates commission sharing for native token holders, NFT integration, and a novel stablecoin mechanism. This whitepaper presents an in-depth analysis of ARENATON's features, tokenomics, and technical implementations, emphasizing its unique contributions to the DeFi landscape.\n1.2 Vision\nThe sports betting industry, despite its vast revenues, has often marginalized its core stakeholders: the fans and bettors. ARENATON aims to change this narrative by decentralizing betting, ensuring fairness, visibility, and equitability in every transaction. \n\nARENATON is the next evolution of online sports betting. Powered by the parimutuel betting system, tri-pool architecture, various smart contracts and the stablecoin mechanics, for the first time in the history of online betting, every stakeholder is recognized and rewarded fairly. \n1.3 Market\nThe exponential growth potential of the online betting market has been drawing significant attention. Here are some noteworthy projections:\n\nRevenue in the Online betting market is anticipated to touch US$95.05bn in 2023.\nAn expected annual growth rate of 8.54% from 2023 to 2027 could elevate the market volume to a staggering US$131.90bn by 2027.\nUser metrics are also promising, with estimates pointing to 233.7 million users by 2027.\nUser penetration, starting at 2.3% in 2023, is forecasted to grow to 2.9% by 2027.\nThe average revenue per user (ARPU) is projected to be around US$0.54k.\nGlobally, the United States is poised to lead in revenue generation with an expected US$19,140.00m in 2023. \nCanada, though smaller in absolute numbers, will boast the highest user penetration in the Online betting market at 46.8%.\n\nThe expansive growth of the online betting market indicates a strong demand and presents significant opportunities for industry participants.\nOnline Betting Reimagined\n2.1 Traditional Bookmaker System\nThe traditional bookmaking model, often criticized for its lack of transparency and centralized control, relies on intricate practices to maintain its edge over the bettor.\n\nCrafting the Odds: Bookmakers use a blend of human intuition and algorithms to set odds based on metrics such as statistics, recent performances, and historical data. These odds incorporate a margin to guarantee profitability.\n\nBetting Dynamics: In this system, bettors are in a direct contest with the bookmaker\u2014either they win and the bookmaker pays, or they lose, and their stake becomes the bookmaker's gain.\n\nDynamic Odds: Odds are frequently adjusted to maintain the bookmaker's advantage.\n\nProfit Artistry: Bookmakers manipulate odds to ensure they always have a profit, even after payouts.\n2.2 Parimutuel Betting System\nA sharp contrast to the conventional bookmaker setup, the parimutuel betting system emphasizes communal involvement and fairness, fundamentally reshaping how bets are placed and rewarded.\n\nThe Common Pool: Instead of predetermined odds, bets converge into a single collective pool. The odds here are fluid, constantly shaped by the collective weight and volume of all placed stakes.\n\nBetting Landscape: The dynamics shift from player versus house to player versus player. In this model, the system simply facilitates, emphasizing fairness and non-interference.\n\nHouse Take: A predetermined fraction is extracted from the collective pool as the house's share, ensuring total transparency. No hidden margins exist.\n\nReward Distribution: Once an event concludes, the rewards are distributed among the successful bettors. This distribution takes into account the final odds and the size of each individual's stake.\n2.3 ARENATON\u2019s Approach\nYet, even as Parimutuel systems have their clear advantages over traditional ones, ARENATON takes it a step further. \n\nStaying true to the above-described core values of the Parimutuel methodology, ARENATON infuses two innovative layers to elevate the betting experience:\n\nHolistic ecosystem: The system encompasses a multitude of rewards for diverse interactions, creating a rich and engaging platform for participants.\n\nStrategic play: With the introduction of the native coin ATON, participants are now able to strategically influence and increase their potential dividends without stretching their actual investment. \n2.4 Event Mechanics in ARENATON\nARENATON operates as a decentralized online betting platform where participants can initiate or participate in sports events.\nPlayers start events by placing stakes in the form of USDT, USDC, DAI, or VUND. All stakes, regardless of their original currency, are converted into VUND within the platform.\nAfter an event is initiated, the Oracle cross-references the event's details with the FlashscoreAPI to validate the specifics.\nOnce validated, the event specifications are archived securely within the VAULT contract. Concurrently, the staked tokens are converted to VUND and deducted from the player's digital wallet.\nRewards from these events are then issued in ATON tokens to the deserving participants.\n2.5 Distinct Advantages of ARENATON\nDecentralized Fund Management: Unlike many traditional platforms, ARENATON has championed a decentralized model. All funds within the ecosystem are managed by the VAULT (more on that later), eliminating central control and introducing enhanced security and trust.\n\nPowered by Smart Contracts: ARENATON\u2019s architecture is built upon the immutable foundation of smart contracts. This ensures that the need for trust is transitioned away from a singular central entity, thereby mitigating risks associated with potential fraud, insolvency, and maladministration.\n\nTransparent Transactions: Every transaction within the ecosystem is open for audit on the blockchain, allowing participants to verify the authenticity of their stakes, winnings, withdrawals, and conversions.\n\nEfficient User Onboarding: ARENATON has simplified the onboarding process, removing bureaucratic barriers. By allowing direct wallet connections, it has successfully eliminated the need for exhaustive registration processes.\n\nData Privacy & User Empowerment: In an era where data breaches are prevalent, ARENATON ensures user data privacy by requiring only wallet connections for operations. This not only safeguards personal information but also puts users in control of their data.\n\nStreamlined Betting Experience: The platform is designed for agility. Without the need for lengthy sign-ups, players can engage in betting activities promptly, ensuring user retention and satisfaction.\n3. Tokenomics\n3.1 ATON \nIn the Avalanche Fuji Testnet, 1.0 x 10^42 ATON tokens are initially minted and deposited entirely into the VAULT. After a designated period following the testnet launch, a snapshot is taken, counting the number of events each address has participated in.\n\nFor the live launch on Arbitrum, 99.99% of the 1.0 x 10^42 ATON tokens are directed to the VAULT. The remaining tokens are assigned to a smart contract proportionally based on each address's event count. \n\nThis means that the more events a user participates in, the more ATON they will receive in airdrops, creating a deflationary model. Moreover, ATON tokens utilized for leverage in events are sent to a burn address, permanently reducing the circulating supply of ATON.\n3.2 VUND\nThe initial supply of VUND is 0. \n\nARENATON employs a systematic mechanism where VUND is created when users stake, maintaining a 1:1 parity with stablecoins such as USDT, DAI, and USDC, effectively establishing a liquidity pool. When a player executes a swap to withdraw their winnings, the VUND they input is burned, thus maintaining balance.\n\nVUND holders receive proportional shares of commissions from sports events, swap transactions, and Chest sales. Whenever a commission is received, the VAULT calculates the share for each VUND holder based on the total supply. \n\nAdditionally, records are kept of the accumulated value per VUND, as well as the commissions taken by the player. This distribution is automatically enforced when VUND is transferred, benefiting both the recipient and the sender.\n\nHouse profits are generated because, during active sports events, the VAULT holds all players' funds, making it a significant VUND holder.\n\nIn the next chapters, we will delve deeper into each of ARENATON\u2019s tokens mechanics. \n4. ATON\n4.1 Overview\nAs decentralized finance continues to evolve, creating mechanisms to sustain token value, foster user engagement, and reward strategic participation becomes imperative. ARENATON's native token ATON embodies this vision, bringing together pioneering financial mechanics to incentivize users in both the short and long term. \n\nATON is an ERC-20 token serving as the primary currency for transactions and interactions within the ARENATON platform. It is pivotal for activities like staking, leveraging initial investments, or earning rewards. ATON benefits from the Ethereum ecosystem's scalability, security, and interoperability, allowing for potential integrations and partnerships for ARENATON.\n\n4.2 Deflationary Function\nThe deflationary nature of the ATON token ensures a diminishing supply over time. \n\nAs transactions occur, a fraction of the token is burned, reducing the total supply and potentially augmenting the token's value. This mechanism serves a dual purpose: rewarding long-term holders by creating scarcity and supporting the token's intrinsic value.\n\nThe logarithmic valuation mechanism of ATON ensures early participants gain distinct advantages. As more tokens get burned, the subsequent reward increase becomes progressively subdued. This rewards early users and necessitates long-term strategic planning, fostering a vibrant, proactive community. \n\nMoreover, every interaction involving ATON leverage prompts a token burn as well. Every instance of ATON utilized for leveraging purposes is directed to a burn address, permanently removing it from circulation.\n4.3 ATON Leverage\nATON Leverage provides users with the ability to amplify their stakes. \n\nATON design allows users the capability to strategically leverage their stakes up to an equivalent value of their VUND holdings. The degree of this leverage is intrinsically linked to the amount of ATON burned. As more ATON tokens are expended, the potential for increased leverage grows. It's a system that not only rewards user participation but also ensures that ATON remains a dynamic asset within the ecosystem.\n\nOne advantageous strategy for users is to retain ATON within their wallets, deploying it particularly when its effective value is in an upward trajectory. This method allows for users to capitalize on favorable market conditions, maximizing their returns.\n\nFurthermore, the act of staking or burning ATON has an amplifying effect on the player's stakes. Each transaction, whether it involves adding to or reducing the ATON supply, serves to potentially magnify the payouts. This provides an additional layer of strategy and engagement for participants on the platform.\n4.4 ATON Factor\nCalculateFactorAton is an innovative function that dynamically adjusts betting dynamics, enabling players to effectively leverage their stakes in changing market conditions, especially for sophisticated players.\n\nATON's factor is computed with the logarithmic function, ensuring that, despite an escalating burn rate, the factor's growth slows over time: \n\n\nfactorAton =4242*log(burnedAton1018)+10000                        (1)\n5. VUND\n5.1 Overview\nVUND is the platform-native stablecoin. Uniquely designed, it treats USDT, USDC, and DAI as equivalents, enabling frictionless swaps between these major stablecoins without any loss in value. VUND is central to ARENATON\u2019s economics, and all platform\u2019s commissions are redistributed to VUND holders. Moreover, users can leverage their stakes up to 100% of their VUND holding, promoting strategic leveraging on the platform. \n5.2 VUND's Unique Proposition\nUnified Stablecoin: VUND stands out by treating three stablecoins - USDT, USDC, and DAI - as equivalents. This innovative approach eliminates any disparity and offers a consistent experience for users. By leveraging the Automated Market Making (AMM) mechanism, frictionless swaps between these major stablecoins are facilitated without any loss in value, ensuring a fluid and balanced exchange.\n\nRewards: VUND is central to ARENATON\u2019s economics. All platform commissions, including profits from bookmaking activities, swap returns, and NFT sales, are channeled to VUND holders. This positions VUND holders at the forefront of the platform's financial rewards, making them pivotal players in the ecosystem.\n\nEarning VUND: Acquiring VUND within the platform ecosystem is possible solely through staking stablecoins and subsequent wins. Importantly, it's vital for stakeholders to recognize that ARENATON neither offers ATON nor VUND for direct purchase.\n5.3 ATON to VUND Conversion Mechanism\nThe platform offers a unique conversion mechanism between its native ATON token and stablecoin VUND. \n\nThere are three benefits of this conversion mechanism: \n\nIncentivization: The ATON to VUND conversion rate, enhanced by the token burn procedure, serves as a primary incentive for user engagement. It stimulates active staking, conversion, and platform interaction.\nValue Safeguarding: The mechanism's architecture inherently protects the value of ATON against market devaluation risks, assuring stakeholders of sustained investment value.\nAdaptable Valuation: By tying the VUND conversion to the token burn count, ATON's valuation becomes flexible, making the platform adaptable and resilient against market changes.\n\nThe conversion of ATON to its VUND value is determined by:\n\n\nVUND leverage = ATONamount*pctDenomfactorAton                                        (2)\n\n\nComponents of the Conversion:\n\nVUND leverage:\nDenotes the leverage value in VUND corresponding to the staked ATON.\n\nATON:\nRepresents the quantity of staked ATON tokens by the user.\n\nFactorAton:\nA dynamic factor calculated based on the number of burned ATON tokens.\n\npctDenom:\nA constant (for instance, 10,000,000) integrated into the smart contract to ensure accurate scaling and precision during the conversion.\n\nThis unique formula guarantees a consistent conversion of ATON to VUND, providing users with a stable value proposition within the ecosystem.\n6. Ecosystem Smart Contracts\n6.1 Overview\nSmart contracts are pivotal in the ARENATON ecosystem, ensuring transparent, immutable, and automated operations executed when predetermined conditions are met. These contracts minimize the need for intermediaries, optimize operational efficiency, and build trust within the platform. \n\nFour essential contracts \u2014 ATON, Arenaton Contract, SwapController, and the VAULT \u2014 provide financial instruments' foundational frameworks, facilitate token swaps, and act as the primary custodians of assets, respectively. All contracts used on the platform undergo rigorous auditing and validation by crypto experts, resulting in high scores for security and functionality.\n6.2 The Arenaton Contract\nThe Arenaton Contract serves as the foundational framework, encapsulating the rules, percentages, and values governing the platform. This contract is designed to be adaptable, allowing for rule adjustments to enhance resilience and trust as the landscape evolves. \n\nThe system facilitates accuracy in betting through a dedicated ORACLE, eliminating potential human biases. By offloading the responsibility of data input to a dedicated ORACLE, the system not only guarantees the precision of information but also reduces the potential for human-induced biases or errors.\n6.3 ATON\nATON, an ERC-20 token, serves as the primary currency, powering transactions and interactions on the platform. Learn more in the ATON section.\n6.4 VAULT\nThe VAULT holds a significant position, acting as the principal custodian of assets, solidifying the economic foundations of the ecosystem. \n\nVAULT is in charge of keeping a record of VUND holders and the prompt delivery of their rewards. \n\nBy ensuring that the core VAULT remains untouched while auxiliary contracts evolve, we provide both stability and adaptability \u2014 a rare combination in the ever-changing crypto world.\n6.5 SwapController\nThe SwapController plays a crucial role in token swapping, ensuring seamless asset exchanges within the system. \n\nToken Swap Mechanics:\nThe SwapController allows users to easily exchange tokens and specify desired amounts. \nARENATON implements the Curve Finance Method of Invariance to calculate the swaps.\n\nCommission Dynamics:\nSwapController's commission system calculates VUND equivalent commissions for swap operations, promoting transparency by keeping users informed of transactional costs.\n\nSafety Protocols and Token Interactivity:\nThe SwapController ensures transaction robustness by executing checks on token balances and readiness status, shielding users and contracts from potential pitfalls.\n\nEconomic Stability:\nThe contract maintains an economic balance by correcting discrepancies between token value and VUND supply, either by introducing new tokens or removing the excess.\n\nCommission Distribution:\nSwapController revolutionizes token transfer by awarding commissions to both sender and recipient, ensuring direct benefits for users in every ecosystem interaction. It allows users to claim their share of commissions proportional to their VUND holdings, ensuring equitable distribution. SwapController uses the VAULT to distribute commissions.\n6.5 Powered Vault Tokens: ERC721\n\n\nThe Powered Vault Token (PVT) is the smart contract that manages the NFTs on the platform. Leveraging Chainlink, players have the ability to mint NFTs that amplify interactions within the Arenaton ecosystem.\n\nThis contract orchestrates the management of diverse NFT classes, such as:\nSports Power Ups: Enhance your sports-centric engagements.\nAton Ticket: Universal boosters to optimize user experience.\nVund Rocket: Unique fragments on the platform\u2019s digital canvas. \nPixel: Unique fragments on the platform\u2019s digital canvas. \nTreasure Chest: Treasure boxes containing an array of bonuses.\nAtovix and Vunders: Arenaton mascots with high rewards. \n\n6.6 Additional Infrastructure\nFlash Score API \nTo ensure the authenticity of its operations, ARENATON integrates with the FlashScore API, an industry leader for sports data. This integration enables users real-time updates on events from more than 180 countries, guaranteeing data accuracy, essential for informed decision-making in the dynamic world of betting.\nOracle\nThe Oracle serves as a powerful bridge, transporting real-world event information into the blockchain. Its primary function is to ensure that genuine results are recorded when initiating and concluding events. Acting as an independent entity, the Oracle operates free from external interference.\n7. NFT\n7.1 Introduction \nIn the rapidly evolving world of decentralized digital assets, the significance of Non-Fungible Tokens (NFTs) has risen prominently. These digital tokens, representing ownership of a distinct item or piece of content on the blockchain, have started reshaping the landscape of digital ownership and value.\n\nRecognizing the transformative potential of NFTs, ARENATON has integrated them into its platform, paving the way for a sophisticated collection system. \n7.2 NFT Categories and Qualities\nUnderstanding the depth and variety of NFTs offered by ARENATON requires a dive into its categorization and quality grading system. Both these elements play a crucial role in defining the value, utility, and rarity of each NFT.\n\nARENATON offers an extensive array of 35 NFT categories:\n\n30 of them cover a wide range of sports. When staked, these NFTs grant a bonus (as per their multiplier) to ATON rewards for their specific sport.\n2 standout categories are the ATON Rocket and VUND Rocket. These specialized categories highlight the seamless integration of ARENATON's native tokens into the NFT ecosystem.\n\nThe ATON Rocket provides a sport-agnostic bonus, ensuring enhanced rewards irrespective of the sport in question. \n\nOn the other hand, the VUND Rocket specializes in providing additional leverage when betting with VUND, thus magnifying the betting power.\n\nThe Treasure Chest, available for purchase using VUND, contains an array of rewards upon opening:\nAton Ticket - Powerful rewards when opening events.\nPixel - Let you claim a pixel on the canvas.\nAtovix - Platform's mascot. Staking Atovix enhances your chances of obtaining rarer NFTs.\n\nEach NFT, based on its rarity and utility, is assigned a quality grade. These grades, coupled with their associated multipliers, determine the value and advantage an NFT can offer to its holder. The first 6 qualities are as follows:\nCommon \nUncommon \nRare \nEpic \nLegendary \nAncient \n\nEach quality not only represents the rarity of the NFT but also has an intrinsic multiplier. For instance, a Rare NFT would offer a reward multiplier of X3. The NFT's multiplier plays a pivotal role, especially when these NFTs are staked. Depending on their quality, they grant a bonus to ATON rewards specific to their associated sport or category.\n\nThis direct correlation between NFT quality and rewards amplifies the strategic importance of owning higher-quality NFTs within the ARENATON ecosystem.\n7.3 NFT Acquisition Mechanism\nARENATON's NFT platform is designed to reward active and strategic participation. Instead of the conventional systems where NFTs serve as collectibles, ARENATON\u2019s NFTs come equipped with enhanced bonuses. The foundation of this system lies in rewarding users based on their staking activities within the platform. Each NFT, depending on its type and rarity, carries specific bonuses that users can leverage.\n\nFurthermore, the probability of acquiring these NFTs is not solely dependent on chance. Active participation, including activities such as initiating and concluding events, maximizing stakes, and engaging in outcomes\u2014whether wins, losses, or draws\u2014all contribute to the likelihood of minting rare NFTs. \n\nEach time an NFT is minted, it uses a random number from Chainlink to determine the characteristics of that NFT. Participating in ARENATON sports events and staking NFTs in its sockets enhances the chances of acquiring rarer NFTs.\n\nTo facilitate this, ARENATON employs a comprehensive probability table that takes into account the breadth and depth of a player's engagement, serving as the primary determinant for NFT minting.\n\nThis system ensures that users who exhibit consistent and extensive engagement with the platform stand a higher chance of securing rare NFTs.\n\nThere are two primary methods to mint NFTs:\n\nATON Mint:\nUse ATON to acquire a Sport or Rocket NFT.\nThe cost is 100 VUND equivalence in ATON.\nTreasure Chest:\nThese chests contain rarer NFTs.\nThe cost is in VUND and increases proportionally with the total number of chests minted.\nThe initial price for the first chest is 1,000 VUND. Each subsequent chest's price increases by 0.0001 VUND.\nFor instance, after 1,000 chests are minted, the new price will be 2.000 VUND.\n7.4 NFT Fusion \nARENATON also introduces a fusion feature. With this mechanism, players can merge three NFTs of the same Category and Quality to forge a single, rarer NFT. \n\nTo do that, each NFT needs to be 'charged' by staking it and actively participating in its associated sport event. The number of events required to charge an NFT varies based on its quality:\nCommon: 2 events\nUncommon: 4 events\nRare: 8 events\nEpic: 16 events\nLegendary: 32 events\nAncient:  64 events\n\nBetting with VUND offers an inherent 10% leverage. However, with an Ancient Rocket, the leverage can surge up to 50%, making the peak potential leverage 150% during betting. This not only adds an exciting layer to betting but also integrates the NFTs seamlessly into the core mechanics of the ARENATON ecosystem.\n\nIt's noteworthy that transferring an NFT causes it to lose its charge. This design choice promotes genuine farming and active participation, as opposed to mere collection and transfer.\n7.5 Staking NFTs \nIn the ARENATON ecosystem, staking is not just a passive activity but a strategic tool. NFT stacking is engineered to optimize rewards and enhance user engagement.\n\nA user can stake up to 32 NFTs, limited to one per category. This not only activates associated bonuses but also skews the probability away from acquiring a Common NFT, enhancing the chance for rarer acquisitions.\n\nThe NFT Level correlates directly with the number and quality of NFTs staked. This influences the potential rewards and bonuses a user is eligible for.\n\nThe Vault Level is determined by user activity. Actions like initiating an event, concluding it, or even outcomes like wins, losses, or draws contribute to the vault level:\nOpen Event: 1 point\nClose Event: 1 point\nMax Stake: 1 point\nLoss: 1 point\nDraw: 2 points\nWin: 3 points\n\nBy being proactive and engaging strategically with the platform, users can maximize both their rewards and their NFT collections. \n7.5 Max Quality\nAll categories start with max quality of 1. Each category\u2019s max quality will rise when at least 1 player on ARENATON is able to find or fuse an NFT of the following quality.\n\n8 Infinite Canvas Metaverse\nThe Infinite Canvas Metaverse unveils a boundless and evolving digital canvas, where artistic expression and community collaboration converge in a 2D plane, drawing inspiration from the pixel.io style. This digital expanse, starting from a modest 1x1 dimension, grows dynamically with each pixel painted, mirroring the collective creativity of its participants. It stands as a grand arena for artistic endeavors, fostering an environment ripe for collaboration, engagement, and shared artistic ventures.\n\nAt the heart of this vibrant ecosystem, every pixel holds significant value, each colored spot on the canvas not only contributes to the overarching mosaic of creativity but also holds the potential for rewards. The reward system is ingeniously crafted to recognize the durability of each color on the canvas. The concept is simple yet profound: the longer a color remains untouched on a pixel\u2014up to a full day\u2014it earns the artist 1 VUND token, a gesture of appreciation from Aton. This progressive reward system is meticulously designed to honor the time a color stands unaltered, establishing a direct correlation between the longevity of a contribution and the magnitude of its reward. Such a system ensures equitable distribution of rewards, valuing resilience and the visibility of each artistic input.\n\nAdding layers of intrigue and strategy, participants are enticed with the opportunity to uncover Pixel PVTs hidden within Treasure Chests dispersed across the canvas. These coveted tokens empower holders with the right to claim unmarked pixels, introducing an element of strategy and luck into the Infinite Canvas experience. Ownership of these pixels comes with the added benefit of accruing ATON rewards each time the pixel is repainted, incentivizing strategic thinking and contributing to a lively, ever-adaptive masterpiece.\n\nThe Infinite Canvas Metaverse transcends being merely a platform for digital art creation; it embodies the essence of community strength and the collective vision of its participants. It is a digital space where persistence, creativity, and collaborative spirit are celebrated and rewarded, aiming to foster a thriving ecosystem where art knows no bounds, and each pixel narrates a tale of communal effort and individual flair.\n\nFrom the first stroke of color, the Infinite Canvas becomes a testament to collective imagination and individual determination. The reward mechanism, starting from the very first second, acknowledges every contribution, big or small. This inclusive approach to rewards\u2014granting even the briefest moments of color their due\u2014ensures that each participant feels valued, their efforts recognized. It is a space where competition and collaboration coalesce, encouraging artists to not only aim for longevity but to also appreciate the fleeting moments of presence on the canvas.\n\nIn summary, the Infinite Canvas Metaverse is a celebration of creativity, a dynamic and inclusive platform where every pixel painted is a step towards building a vibrant, engaging community. It is a testament to the power of collective endeavor and the individual brilliance that fuels it, continuously evolving and celebrating every artistic expression.\n\n\n9. Roadmap\nOutlined below is the strategic roadmap for ARENATON, detailing our 3-phase approach from testnet deployment to the final live publication.\n8.1 Testnet Publication\nObjective: Launch Arenaton on the testnet to ensure robustness, security, and functionality.\n\nKey Activities:\n\nSmart Contract Deployment: Deploy and test the smart contracts on the testnet.\nUser Testing: Invite users to test the platform's features and functionality.\nBug Fixes: Identify and address any bugs or issues encountered during testing.\nSnapshot for ATON Distribution: Capture a snapshot of all events where players have participated.\n8.2 Mainnet Snapshot and ATON Distribution\n\nObjective: Reward active users with ATON tokens based on their event participation.\n\nKey Activities:\n\nSnapshot: Capture a snapshot of all events where players have participated on the mainnet.\nATON Allocation: Calculate and allocate ATON tokens to users based on their participation percentage.\nWallet Integration: Enable airdrops to claim their ATON rewards in their wallets.\nLive Environment Testing: Conduct thorough testing of the ATON distribution process on the mainnet.\n8.3 Live Publication\nObjective: Launch Arenaton on the live/mainnet environment, allowing users to enjoy a decentralized sports prediction experience.\n\nKey Activities:\n\nSmart Contract Deployment: Deploy the final smart contracts on the mainnet.\nUser Registration: Enable user registration and onboarding.\nEvent Listing: Populate the platform with live sports events for prediction.\nMarketing and Promotion: Promote Arenaton to attract a wider user base.\nCommunity Engagement: Foster a supportive user community.\n9. Legal Disclaimer\nImportant Notice: Please Read Carefully\nPlease carefully read the following sections. This white paper has been issued by Arenaton. No part of this may be reproduced, distributed, disseminated, or otherwise transmitted.\n\nThis White Paper is a work in progress and will be periodically updated with more details. These updates will be noted on the official website arenaton.com. Please exercise caution when dealing with other potentially fraudulent or similar sites. \n\nThis white paper should be viewed as an informative document describing the technical and business aspects of the project. It is not legally binding, and the project will not be responsible for any losses that may arise from the use, reference, or reliance on information from this white paper.\n\nThe contents of this document should not be interpreted as legal, tax, or investment advice.\n\nThe use of the Arenaton platform (the \"Platform\") is subject to the following terms and conditions. By accessing and using the Platform, you agree to comply with and be bound by these terms and conditions. If you do not agree to these terms and conditions, please refrain from using the Platform.\nNo Financial or Investment Advice\nArenaton is a decentralized application designed for entertainment purposes and does not provide any form of financial, investment, or legal advice. Information presented on the Platform is solely for informational purposes and should not be construed as financial, investment, or legal advice.\nRisks Associated with Blockchain Technology\nThe Platform operates on blockchain technology, which carries inherent risks. Users are strongly advised to exercise caution and conduct their own research before engaging with the Platform. Arenaton holds no responsibility for any losses or damages that may result from the use of the Platform or blockchain technology.\nNo Warranty\nThe Platform and its content are provided \"as is\" and \"as available\" without any warranties, whether express or implied. Arenaton does not make any representations or warranties regarding the accuracy, completeness, or reliability of the information or services provided on the Platform.\nThird-Party Links\nThe Platform may include links to third-party websites or services. Arenaton bears no responsibility for the content, accuracy, or availability of these external sites or services. Users access third-party links at their own risk.\nPrivacy\nArenaton highly values user privacy and does not engage in the collection or storage of personal information. User interactions within the Platform are securely recorded on the blockchain, ensuring transparency and data security. For further insights into our privacy practices, please consult our Privacy Policy.\nNo Endorsement\nAny reference to third-party products, services, or organizations on the Platform should not be interpreted as an endorsement or recommendation by Arenaton. Users are advised to exercise their own due diligence when engaging with third parties.\nLimited Liability\nTo the extent permitted by applicable law, Arenaton shall not be held liable for any direct, indirect, incidental, consequential, or punitive damages arising from the use of the Platform or any inability to use it, nor for any errors or omissions within its content.\nChanges to Terms\nArenaton retains the right to amend these terms and conditions at any time without prior notice. Users are encouraged to periodically review these terms for updates.\nJurisdiction\nThese terms and conditions are governed by and construed in accordance with the laws of [Your Jurisdiction], without regard to its conflict of law principles.\n\n\n\n\n\n\t\t\t\t\t\n\t\t\t\t\n\t\t\t\n\t\t\n\nNotes:\n\nNFT properties\n\ntokenId (ERC721)\n\nCategory (uint8 0,1 ,2,3,4,5,6,7,8,9,10\u2026\u202699) : Tipo de NFT\n\nQuality (uint16 0,1,2,3,4,5,6,7,8,9,10,11\u2026 infinity)\n\nStake (bool Staked / No Staked)\n\nCharge  (bool Charged / No Charged)\n\nColor\n\nCoordinates \n\nPower\n\n\n\n\n\n\n\n\n\n\nArrays \n\nplayerPower\n\n\ntotalPowerSupply\n\n\n\n\n\n\n\n", "hidden": true, "question": "Additional information", "questionId": 22}, {"type": "short-answer", "answer": "I am on Warpcaster @juantamez for faster communication", "hidden": true, "question": "Special requests", "questionId": 23}], "project": {"id": "0xc24b2b63828818f025b0e83aafb5cc6c6c447785bdf031218898156784f254a6", "title": "Arenaton", "logoImg": "bafkreihbaujtlwmpgppd76iwptbucvvnn5r7izcuvihchd7vlbd5qu4kfe", "metaPtr": {"pointer": "bafkreifi5446wgn666xswilksid73vswzki3drfes6mtzlpkd47tfoglom", "protocol": "undefined"}, "website": "https://www.arenaton.com", "bannerImg": "bafkreifevkbfta62ojlvvbfemzuor4jo5pqslmk6h2mbnqow5upkcaab7y", "createdAt": 1713310004014, "userGithub": "XelHaku", "credentials": {"twitter": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..pF8fpqr1lunP2uLmHp2Ka_XOkYZaFtVoyzDdvNHoeXyFhYW3h5bM8zN6eURcui03TPijnTET-2C-UTBNC8kHCA", "type": "Ed25519Signature2018", "created": "2024-04-16T23:25:58.966Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2024-04-16T23:25:58.965Z", "expirationDate": "2024-07-15T23:25:58.965Z", "credentialSubject": {"id": "did:pkh:eip155:1:0x35BB6B2757C004A1662e83FdA9a034f4aFbBEdb3", "hash": "v0.0.0:ndLhhpH3mH4ficSAtNc9D2hJjLsmG/mitz0zNeew9k0=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextTwitter#ArenatonVUND"}}}, "description": " Arenaton - Decentralizing the Future of Sports Betting\n\nDescription:\nArenaton is a pioneering decentralized finance (DeFi) platform that merges the thrill of sports betting with the robustness of blockchain technology, creating a unique and engaging experience for users. At the heart of Arenaton are Powered Vault Tokens (PVTs), which are NFTs with distinctive functionalities such as fusion staking and leveling up, making the platform not only a hub for transactions but also an interactive and dynamic space for user engagement.\n\nObjective:\nThe primary goal of Arenaton is to redefine sports betting by ensuring transparency, fairness, and security through decentralization. By leveraging the Ethereum blockchain and integrating NFTs, Arenaton offers a decentralized betting environment free from manipulation, where bets are placed against other users rather than a centralized bookmaker.\n\nKey Features:\n- **Fluid Dynamic Odds**: Based on the parimutuel model, odds are shaped by the collective stakes of the community, not predetermined by bookmakers.\n- **NFT Integration**: Utilizes NFTs not just as collectibles but as integral components of the betting strategy, enhancing user interaction.\n- **Robust Tokenomics**: Features native coin ATON and stablecoin VUND, providing a stable yet dynamic economic environment.\n- **Decentralized Control**: Utilizes smart contracts to ensure that all transactions are transparent and autonomous.\n\nImpact on Arbitrum:\nIncorporating Arenaton into the Arbitrum network can significantly enhance Arbitrum's ecosystem by:\n- **Driving Adoption**: Attracting a diverse audience from sports bettors to DeFi enthusiasts, thereby increasing the user base and transaction volume on Arbitrum.\nInnovative Use Cases: Demonstrating the versatility of Arbitrum through advanced DeFi applications and NFT functionalities.\n- **Community Engagement**: Fostering a vibrant community engaged in sports and blockchain, contributing to network growth and stability.\n- **Enhancing Network Utility**: Utilizing Arbitrum's layer-2 solutions can optimize Arenaton's transaction efficiency and scalability, showcasing Arbitrum's capacity to support complex and high-frequency DeFi applications.\n\nConclusion:\nArenaton aims to be at the forefront of the intersection between sports betting and DeFi, leveraging Arbitrum's advanced blockchain solutions to deliver a decentralized, secure, and user-centric betting platform. This project not only aligns with the technological advancements in blockchain but also opens up new pathways for community-driven finance, making it a worthy candidate for support from the Arbitrum grant.", "lastUpdated": 0, "projectGithub": "", "projectTwitter": "ArenatonVUND"}, "recipient": "0x35BB6B2757C004A1662e83FdA9a034f4aFbBEdb3"}}