The Kartel Project Whitepaper

GameFi on Kujira

Overview

The Kartel Project brings GameFi to Kujira, focused on providing users with both traditional and novel, innovative games to leverage your capital. Utilizing Kujira’s decentralized stablecoin USK as the in-game currency, users can enjoy verifiably fair, on-chain games while competing against their peers.

The Kartel Project provides an entertaining introduction to the Kujira ecosystem for new users. Whilst Kujira offers an innovative suite of complex DeFi products, some web3 natives prefer to degen their capital in fun and novel platforms with a lower barrier to entry. KART encourages this new type of user to the network with attractive degen opportunities within the dApp.

We then retain participants by offering an unparalleled UI/UX, incentivized leaderboards, and the constant addition of new games to keep the experience unique. As demonstrated by our marketing thus far, we strongly believe that providing a superior visual experience that is yet to be provided in Cosmos gives us a competitive advantage in attracting new users.

USK is a decentralized overcollateralized stablecoin native to Kujira. By utilizing this stablecoin as our in-game currency, we generate constant demand for the token. This assists in maintaining the soft-peg mechanism underlying the stablecoin, making it a more attractive currency for new users. Moreover, as KART stakers receive real yield from the profits and fees within our games, KART stakers will obtain USK and can then utilize this in Kujira’s many products.

Our Values

The Kartel project strives to deliver immediate value to our token holders and stakers. We are not in the business of raising capital to sit idly and produce very little. We have undergone months of preparation to ensure that participants in our token raise will have a product to use within weeks of our launch, and that momentum is continued throughout the year with further games released consistently.

We have paid our smart contract developer out of our pockets for the last months to get Crash, Coinflip, and Mines on the Kujira testnet and ensure that they are ready to move to mainnet as soon as possible. This is non-negotiable for us, and we would only be comfortable doing a raise if we knew there was a product ready to go. Much like our marketing campaign the development of each game has received great attention to detail.

Meet the Team

Founders

Belgrade – Helped grow a web3 business from the ground to $500m mcap, advisor to various projects in 4 years including NFT platforms, DeFi products, and RWAs.

Bern – Created and built a multi-million dollar revenue web2 business and a marketing production company that has been running for over 15 years.

Odessa – Seasoned sports analyst with a decade + career in the betting industry, known for his sharp insights and strategic approach to wagering and market trends.

Developers

Paris – 8 years in web development and 5 years smart contract development experience. Built multiple web3 casinos and GameFi projects.

Lima – Over 5 years experience creating front-ends for various dApps, e-commerce stores, and websites.

Marketing

Philadelphia – Senior video editor & vfx artist experienced in creating visual marketing for web3 businesses.

Kairo – Junior video editor and vfx artist, 3 years experience in traditional marketing roles.

Our Games

The Kartel Project aims to offer an immersive and inclusive experience for all players, with a variety of games to choose from. Upon mainnet launch, we will begin with Crash, and aim to release a new game every 4-6 weeks to maintain a fresh and exciting UX. Let’s go through each game individually.

Crash – Crash is a thrilling and fast-paced game that has taken the world of online gambling by storm. It offers players an adrenaline-pumping experience with the potential for significant returns on their wagers. The game’s simplicity, coupled with its exciting gameplay mechanics, has made it immensely popular among both seasoned players and newcomers alike.

Coinflip – Coinflip is a simple yet engaging game of chance that offers players the opportunity to wager on the outcome of a coin toss. With its straightforward gameplay and instant results, Coinflip provides a quick and exciting way for players to test their luck and potentially win big.

Slots – Slot games offer players a vibrant and immersive gaming experience with colorful graphics, engaging themes, and the potential for big wins.

Mines – Mines is a strategic game that adds an element of suspense and skill to the Kartel games. It challenges players to navigate filled with hidden mines while attempting to uncover valuable prizes. Mines’ blend of luck and strategy makes it a favorite among players seeking a unique and immersive gaming experience.

Blackjack – Blackjack, also known as 21, is a classic and beloved casino game. Its simple yet engaging gameplay, combined with the potential for strategic decision-making and skillful play, makes it a favorite among users worldwide.

Virtual Horse Racing – Virtual horse racing brings the excitement and thrill of the racetrack to the web3 world. This digital rendition of the classic sport offers immersive gameplay and the opportunity to wager on virtual races 24/7, making it a popular choice among horse racing enthusiasts and casual players alike.

Roulette – Roulette is a timeless and iconic game that has captivated players for centuries. Roulette’s blend of chance and strategy, combined with the excitement of watching the ball spin around the wheel, creates a truly immersive and exhilarating gaming experience.

And many more to follow.

Protocol Solvency

To maintain protocol solvency, the Kartel Project contains several features to keep users safe.

Backstop Fund – 10% of the raise will be used to backstop the casino initially. This will be used as a “Prize pool” that will pay users who win any of our games.

Revenue to Backstop – 10% of the revenue earned from the games will be distributed to the backstop fund. This allows the backstop fund to grow over time, and therefore the business can scale up, allowing larger bets over time.

Max Bets – There will be a max bet on each game to prevent users from potentially draining the backstop fund with a singular successful bet.

We will begin conservatively and increase these parameters as the protocol matures and the backstop fund grows.

Leaderboard System

The Kartel Project will incentivize users to compete against their peers by creating a leaderboard system. When users play any games from the Kartel Project, they will earn points based on the amount of currency used in-game. Every 2 weeks, the top users on the leaderboard will be rewarded with KART tokens for their participation within the ecosystem.

The Token

All games within the Kartel Project will require a fee to be paid in order to play, as well as its use as a currency. Currently, USK and KART can be used to play, with this fee being distributed to KART stakers.

KART stakers will benefit from the real yield produced by these fees and profits that the games make. KART stakers that stake over x tokens will also benefit from reduced fees throughout the Kartel Project.

The Total Supply of $KART will be 100,000,000 and they will be distributed and vested as follows:

The Sale

KART will be launching on PILOT, the launchpad native to Kujira. A completely fair sale with no private or seed rounds. The details of this sale are as follows:

45,000,000 KART (45%) of tokens for sale
Base price of $0.1875 up to a 96% discount of $0.0075
Silos increase by increments of 2%
At the lowest discount KART will launch at $337,500k mcap and $750k FDV

The funds raised in the sale will be used as follows:

10% to liquidity, maximum of $75,000 paired with KART from the treasury.
10% to the backstop fund to ensure protocol safety.
Developer wages to continue launching new games on mainnet to maintain momentum and excitement.
Runway for Founders and Marketing team to push the Kartel Project to outside communities

Airdrop and Battle

The Kartel Project has allocated 1% of supply to airdrops. 0.5% of this will be going to KUJI stakers as a reward for their continued loyalty and passion for the ecosystem. This is in addition to the 0.5% token fee and 5% stable fee from the PILOT raise split between KUJI and FUZN stakers. The remaining 0.5% airdrop allocation will be up for grabs with various communities battling it out before launch. The details of this airdrop battle will go live the week beginning 3rd June 2024.

The airdrop will be available to claim on Fuzion when the games go live on mainnet. This allows users to utilize KART in-game and participate without using their own funds.

Timeline and Summary

A lot of work has gone into getting us to this point and we put massive weight on delivering fast, delivering strong and doing exactly what we say we will. We are very excited for the KART journey and hope to see you become a part of it!

PILOT launch 10th June, 45% sold at lowest starting market cap of $337,500k
First game launched early July latest
New game every 4-6 weeks maximum
Crash launches first, followed by Coinflip and Mines