Stax is enhancing its ecosystem with a Coinflip game contract, utilizing a secure and transparent mechanism for random outcome generation and revenue distribution. This contract interfaces with an oracle to derive randomness and send profits to the Stax NFT contract for holder rewards, ensuring a fair and engaging gaming experience.

Summary: The proposal entails the integration of the Stax Coinflip Contract into the Injective Protocol. This contract leverages a VRF-based oracle service for unbiased game outcomes and allocates profits exceeding the maximum pot to the Stax NFT contract, aligning with the community's revenue-sharing model. The contract has been rigorously tested on the testnet, confirming its operational integrity.

Contract Specifications:

Stax Coinflip Contract

• Purpose: Manages coinflip game mechanics, links with oracle for outcome determination, and routes profits to the Stax NFT contract for community revenue sharing.
• Key Features: Oracle-integrated randomness, transparent fund allocation, support for Stax community revenue model.
• Current Status: Fully tested on testnet, ready for mainnet launch. Can be interacted with on testnet here: https://inj.stax.live/#/flip

Technical Details:

• Release Version: stax-coinflip-v1.0.0
• Code Repository: GitHub Repository
• Compiler Used: cosmwasm/optimizer:0.15.0
• Checksum: [Provided in checksums.txt] For additional information, please explore the Stax website or examine the GitHub codebase.

TL;DR

• Stax is expanding its ecosystem with a Coinflip game contract, promoting community engagement and fair revenue distribution.

• The proposal advocates for integrating the Stax Coinflip Contract with the Injective Protocol, enhancing the platform with a VRF-powered, transparent gaming experience.

• Voting YES endorses uploading the Stax Coinflip Contract code as outlined in this proposal.

• Voting NO opposes the code upload of the Stax Coinflip Contract.

• Voting NO WITH VETO, you find this proposal to be spam/irrelevant/malicious to governance, and contribute to burning 100 INJ deposit if NoWithVeto votes are greater than ⅓ of the total voting power.

• Voting ABSTAIN indicates neutrality, contributing to quorum without a direct stance.

Links:

• Stax on Injective Protocol
• GitHub Repository
• Stax Twitter
• Stax Discord