Introduction

Introduction to how the Graphite Protocol will tackle gambling infastructure.

Graphite recognizes the transactional volume generated by gambling-based projects in Solana and plans to incorporate gambling aspects into its platform. However, the company aims to differentiate itself from traditional casinos by creating completely on-chain based casino games, which are in the process of being licensed by gambling authorities worldwide. The company will create the games and manage the contracts using its authority, while also allowing other casinos to use its games through developer documentation. A processing fee will be taken from each win made by the casinos using Graphite's smart contracts, which will be used to buy back Graphite or fund the team. This approach will provide a sustainable revenue model without the need to sell tokens.