Gyrowin Review
Gyrowin
gyro.win
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Their Official site text:
Gyrowin
Play and invest in one place
v. 2023-07-26
1. What is GYROWIN?.........................................................................4
Intro..........................................................................................................................4
Mission & vision.......................................................................................................4
TLDR of Gyrowin Tokenomics.................................................................................4
2. How does GYROWIN work? ..........................................................5
A. Gyrowin De-Fi....................................................................................................6
Money Plants (Staking)
Lending Platform
Staking.....................................................................................................................7
Lending & Borrowing Protocol.................................................................................8
De-fi Game Prize Pools..........................................................................................10
Verifiable Random Function (VRF).........................................................................11
List of Payment Gateways......................................................................................12
Reward distribution.................................................................................................13
Donation Feature....................................................................................................14
3. Gyrowin Tokenomics.....................................................................15
Token distribution
Community & Governance.....................................................................................16
Conclusion............................................................................................................. 17
Please read the entire "disclaimer" section carefully. The information provided does not
constitute legal, financial, business, or tax advice. Before engaging in any activity in
connection with this whitepaper, you should consult your legal, financial, tax, or other
professional advisors. The company, the Gyrowin team, the project to develop the
Gyrowin protocol, any distributor/vendor of $GW tokens, or any service provider shall not
be liable for any direct or indirect damage or loss suffered by you in connection with
accessing this whitepaper, the website at https://gyro.win/, or any other websites or
materials published by the company.
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Gyrowin is a decentralized cross-chain gaming and finance platform, which offers lottery
games and enables users to invest their won assets through lending available within the
platform. Users will also be able to borrow token and play lottery with zero liquidation on
their collateral.
Gyrowin also introduces the new fun way to stake its utility token in binance chain with
multiple rewards sources resulting in higher yield for the participants.
Mission
Gyrowin is committed to providing transparent and fair reward distribution for the lottery
games. In line with our vision of capital transparency, the Gyrowin protocol strives to
maintain 100% decentralization. To achieve this, core activities of the platform are
handled using one of the best decentralized Oracle network, called Chainlink.
TLDR of Gyrowin Tokenomics
To build a sustainable, decentralized protocol, Gyrowin introduces native governance
tokens (Ticker: GW). These tokens serve multiple functions, acting as a governancevoting system, liquidity currency, and incentive plan for DeFi users.
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Vision
In future, Gyrowin strive to build a fully omni-chain decentralized finance where assets
are manageable across chain with ease and reduced gas fees.
The Lottery has been an all-time favorite entertainment for generations. It is undeniable.
To capitalize on this popularity, Gyrowin has decided to introduce lottery games first.
Furthermore the integration of staking and lending DeFi platforms, players can earn while
playing the lottery. At Gyrowin, we understand the pain points of players and have crafted
an innovative protocol that provides an easy-to-buy and transparent decentralized
gaming system powered by blockchain technology. The Gyrowin protocol operates game
liquidity pools, also known as prize pools, on four of the largest chains: Binance, Polygon,
Tron, and Solana.
Game
GYROWIN
Rewards while
plaing game
Support game
ecosystem
De-Fi
De-Fi
Game
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Investing with GYROWIN DEFI
Play and invest in one place:
Playing Game
Staking
Lending
Money Plants (Staking):
Every week, stakers will receive 15% of the rewards from the 6/41 lottery pool. In
addition, they will receive 1% of the rewards from the $GW/USDT swap tax for each
transaction. To support the value of $GW, we will buy back and burn 5% of the rewards
from the 6/41 lottery pool every week. This will result in the minting of $GW every block,
which will be rewarded to stakers. Please note that $GW holders will not be affected by
this minting and burning process. Unclaimed $USDT rewards will be lent out to earn
additional rewards on the lending platform. Unclaimed $GW will be automatically
reinvested in money plants. Finally, please note that stakers may receive additional
rewards from other sources after voting.
Lending Platform:
Users can earn tokens by lending $GW tokens. There are multiple sources of rewards for
lenders, and additional rewards may be added in the future through governance
decisions.
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Important features of our staking platform:
Gyrowin has designed the staking process to be fun and competitive for stakers. Gyrowin
uses a first-come, first-served approach, which is achieved by limiting the staking amount
per wallet and the total staking amount per staking round.
How does mint work?
Every week, 5% of the 6/41 lottery prize pool is burned in the form of $GW. Once 5% of
the total supply has been burned, $GW is minted per block. Gyrowin will use AI to
determine the number of $GW to be minted, taking into account the supply and demand
of $GW in the current market. This will enable us to create a stable market where current
$GW holders will not be affected. The newly minted tokens will be rewarded to our
stakers.
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Our defi game buyers are guaranteed instant purchase and all-time access to Prize
Pools. The players can purchase the defi game tickets (aka General Lottery Players) or
borrow tokens from the Lenders pool to purchase the defi game tickets (aka Borrowers).
To borrow tokens from Gyro’s Lender Pool, the Borrowers choose to collateralise their
base assets (USDT and BNB) in exchange for the borrowed tokens (GW). The Borrowers
later can use the borrowed tokens to buy tickets and contribute to the Prize Pools. To
unlock the base assets, the Borrowers must repay the borrowed tokens plus the interests
(at the flexible APY of Lender Pool).
Enable user to borrow and lending in desired chain without any bridging. (Omnichain
support).
Our Lenders can supply capital by lending the tokens (GW) for a minimum of 2 weeks
and collecting interest at the flexible APY of Lender Pool. Lenders can also opt for the
special incentive plan as they buy one or more defi game tickets to contribute to Prize
Pools. If Prize Pool has a winner after the draw, maximum 15% value of the winning Prize
Pool will be distributed based on the contribution percentage of the lenders in the pool
total supply and lenders must hold a valid ticket(s). For more details, please read our
reward Distribution.
To further guide Borrowers and Lenders to a suitable Lender Pool, Gyrowin implements a
transparent credit report for Lenders. The protocol provides access to the Borrowed
Balance, which details the status of the borrowing request, locked assets (collateral
amount), and collateral ratio. Our level of transparency allows Lenders to evaluate the
collateralised position of the Borrowers and proactively match their risk positions to the
corresponding rewards (APY). In addition, it enables the liquidators to earn rewards
through liquidation, which is a process of liquidating the risky borrowed accounts that are
under collateralized.
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Borrows
Pay
Interests
Add
Collateral Borrow
Token
Lenders
Add
Liquidity
Collect
Interest
Liquidate low
collateralised
accounts
Request Borrow
Accounts status
Pay liquidated
account debt
Liquidator
Buy collateral
on discount
Collect
Protocol fees
Team
Passed Proposal
Changes
Governance
Borrowing &
Lending System
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Gyrowin, however, is not just the borrowing & lending protocol. Gyrowin operates a
decentralised Game platform where all games ticket purchases are added to Prize Pools.
Players can purchase the tickets with tokens supported by our platform in Binance,
Polygon, Solana and Tron blockchain network. In addition to that, players are also able to
purchase tickets off-chain using our point system.
Defi game Prize Pools As the Game Draws are closed without a winner, the Rollover
Prizes are added to Prize Pools for the next draw.
10 Minutes Lottery & one day Lottery
Aside from the traditional lottery system, Gyrowin introduced the second lottery system
called the 10 Minutes Lottery and 1 day Lottery, where players can join as many Prize
Pools as they want, compared to the traditional lotteries drawn once a week. The Lottery
exclusively grants the token holders the right to vote on new lottery drawing types which
best match the majority of player preferences.
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We, Gyrowin, are here to innovate the defi game industry by offering multiple games
systems in one platform. On Gyrowin, players can enjoy their all-time favourite defi
games, such as the 5+1/70 Mega Millions and 6/41 lottery, which can be updated
according to the governance voting. After thorough research, we found out that most of
the game player concerns were related to the validity of game draws.
To mitigate this doubt, and earn people's trust, Gyrowin will be using ChainLink
VRF(Verifiable Random Function). The validity of the random numbers generated for the
draws would be verifiable in the blockchain without compromising the usability and
security. In addition to that, it helps us build a transparent lottery system for all the
players.
Chainlink VRF eliminates the risks
of traditional lottery system.
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Purchase the points at a fixed exchange rate of 1 USD = 1 Point
Automatically convert purchased Points to USDT
Pay for the lottery ticket via USDT.
Unlike other blockchain-adapted defi game platforms, Gyrowin has committed to
delivering a seamless and easy-to-navigate experience for all users (Borrowers, Lenders,
and Players).
To purchase lottery tickets:
• For crypto-native players, players can purchase directly via wallets (Metamask,
Phantom, etc.).
• For non-crypto-native players, players can buy Gyrowin Points via Paypal, Credit Cards
without a wallet.
Gyrowin point is designed to pay for services and products provided by Gyrowin Point
platform. Users can easily buy point with cash through the platform. In addition to it, our
platform also provides an exchange system, where users are able to swap points with
equivalent amount of stable coins that are supported by our platform. New wallets are
automatically generated when users do not provide crypto wallet address during
exchange, and related blockchain information are handled by the platform.
1.
2.
3.
If the players win the prize, the payout will be deposited to the respective wallet used
during defi game ticket purchase.
By offering a variety of payment gateways, players can actively avoid liquidity inefficiency
and reduce the overall transaction fee on indirect token swaps at wormholes.
Front-end
Multiple Backend
nodes
Rabbit MQ server
Binance smart contract
Polygon smart contract
Tron smart contract
Send packets
Send packets
Send packets
Binance network
Polygon network
Tron network
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Solana smart contract Send packets Soloana network
Unlike the traditional system, Gyrowin’s smart contract will process and transfer the prize
payout to the winners after the draw and players will be able to claim it instantly. At the
initial stage, Gyrowin will deliver the payout in USDT after considering the currency risk.
Winners will receive 60% of the total prize value. The remaining share of the prize will be
distributed according to the chart below.
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60%
Winners
15%
Lender
5%
buyback & burn
10%
Donation
10%
Gyrowin ecosystem
According to US statistics, a portion of lottery winners chose to donate a fair share of their
prizes to a non-profit organization and supporting a community Therefore, we offer a
donation feature where the winners can opt-in to support our community in exchange for
voting powers or recognition.
Donator
Donate tokens
Donation System Request donation
information Team
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Lender earns 15% additional rewards weekly.
5% Buyback & Burn weekly to make a profit on it.
Voting right on governance proposals in the Gyrowin community.
Liquidity 8.3%
Reserve 41%
Marketing 5%
Team 10%
CEX & Loyalty 17%
Money Plant Sale 10%
Private Sale 8.3%
Fairlaunch Presale 0.4%
For all of Gyrowin’s supporters, we are excited to announce our governance token,
Gyrowin (Ticket: GW).
Token distribution
In summary, the total token supply is 5 Billion GWs. The token sales schedule is listed in
the chart below.
Let’s discuss the benefits of holding GW tokens.
1.
2.
3.
For the long-term plan, when GW’s Buyback & Burn rate reaches 20% of the total supply,
a new proposal of creating GYROS (Gyrowin’s stablecoin backed by fiat currency, USD)
or staying status quo is open
for community voting.
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Reserve
41%
CEX & Loyalty
17%
Team
10%
Money Plant Sale
10%
Liquidity
8.3%
Private Sale
8.3%
Marketing
5%
Lastly, we are committed to building a community of lottery enthusiasts and attracting
more blockchain innovators to bring Gyrowin’s model closer to the public as an
accessible entertainment channel. Especially for our token holders, we bring the most
cutting-edge voting mechanism from DAO’s practice to our community. Every token
holder has an equal right to contribute to the community’s growth, and we all move
forward to eliminate the centralized authority practice. In the near future, the community
members will vote for the governance committees on behalf of the majority to assess
systemic change. For instance, adding the EuroMillions lottery draw. More importantly, to
maintain fair governance and reduce the risk of token dumping. Our goal is to build a
sustainable protocol ecosystem; For that reason, we implement the buyback and burn
mechanism for our token mode. Those holding GW tokens will be rewarded for
participating and improving the Gyrowin ecosystem. The rewards are funded by 5% of the
winning Prize Pool.
Voters
Request passed
proposals
Government System
Receive vote tokens Send vote proposals Vote on proposals Submit new proposals
Team
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Gyrowin is a de-fi gaming platform on Binance, Solana, Polygon and Tron with additional
features for borrowing and lending in Binance chain. Gyrowin crosses the boundary for
lottery players to easily buy tickets both off-chain and on-chain.
Also, having a Governance system allows for Gyrowin to create a decentralised
ecosystem for its community members. This ensures future advancement of Gyrowin is in
the right direction, in a democratised way.
Since Gyrowin offers Prize Pools on multiple chains (Binance, Polygon, Solana, and
Tron), we reduce the risk of cyber attacks on our Prize Pools (Defi Hack Risk). Under the
attack, Prize Pools must be frozen to stop any transferring request from the attackers.
The attacked Prize Pools will be migrated to non attacking chains (EVM-compatible
chains).
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