We get it. Compared to some other guild candidates, we are a pretty small team. And we most likely also have the lowest average age of team members. But we think that's a good thing.
We aren't an EOS guild. Our business model isn't to become a guild on as many eosio chains as possible. WAX is our only priority, and for the foreseeable future, that won't change. That alone makes up for the relatively small team size, because it allows us to focus 100% of our time and resources on WAX instead of sharing it with countless other blockchains.
It is one thing to talk about what you're going to do, it's another thing to go ahead and actually do it. When we decided to take part in the #BuildOnWax contest, just over 3 weeks were left until the final deadline. pink.network didn't exist at that point.
In this time, we created the concept for both our pink branding and the bankroll service that we decided to enter the contest with. We then created a core bankroll smart contract and an additional contract to make the core contract more accessible. We also created our own random number oracle to use while the official WAX RNG oracle wasn't available yet, and later helped the WAX team to fix a vulnerability in their oracle. (Github)
After that, we created a fully documented REST / Websocket API that allows any developer to build their own WAX based gambling applications without even needing an own backend. To make integration even simpler, we also created a NPM module, which is in line with the WAX Hive philosophy of making tools as easily accessible as possible.
But we didn’t stop there. To demonstrate the capabilities of the service that we just built, we created betpink.gg, an example site that gives every WAX user access to decentralized and provably fair gambling.
And proving our long term interest in WAX, since the contest ended we have already added a second game mode to betpink and paid out more than $250 worth of giveaway prizes to promo betpink. We also hired an independent, experienced EOS developer to audit our bankroll smart contract and have recently launched the PINK token.
The WAX blockchain is aimed to cater towards two main markets: Item trading and Gaming (which go hand in hand). We understand the target demographic, because we are the target demographic.
For a start, all three of us are passionate gamers. We also were heavily involved in CSGO item trading and betting, often spending whole days looking for good deals on csgolounge. And when crpyto games started popping up, we were among the first to attempt to decipher the Crypto Kitty genetics.
This is where our young age gives us a huge advantage over other guild candidates. A guild's main responsibility is not just to provide a reliable block producer node, but to represent the users of the blockchain. And with the biggest demographic of video gamers being <36 years old (source), we believe that as relatively young gamers ourselves, we have a very good idea of what is important for the potential users of the WAX blockchain. And in the role of a guild, we strive to take the necessary steps to make the WAX ecosystem more appealing for those users.
From first hand experience we know that the most important, but often overlooked factor that leads to mass adoption of a new technology is how simple it is for independent developers to build new features and applications. Even the greatest new technology will struggle with adoption if no applications are built for the end users, and the best way to get more applications created is to make it easy for developers to build them.
That's why we didn't just build a gambling site, we built a decentralized bankroll for developers to use and an API to make the usage simpler.
The bankroll service is the first unofficial WAX microservice, fitting in to the suite of official microservices available to both end users and developers. On top of that, we have also built a WAX account bound chat serviceand are currently in the development process of a decentralized WAX account photo service.
We build these because we believe that they will ultimately result in more applications being built by other developers, and therefore grow the WAX ecosystem and user base in the long run.
While the core of our bankroll service is finished and won't be subject to change in the future, the versatile nature of the smart contract allows us to add more features in the future. This will include both additional game modes, that we will support with our API to make them more easily accessible, as well as improving the already existent features. An example of this is the API endpoint providing rankings for different games, which we recently published and are already using on betpink.gg.
We will also put our efforts into increasing the usage of the bankroll service. At the moment, our own site betpink is the only public site utilizing the bankroll service, and we're looking to change that. This does not only mean that we will be working closely together with 3rd party developers that want to build their own applications on top of the bankroll service, but it also means that we will be pushing actively to show potential developers and investors the benefits of using our smart contracts and API. We already are in active contact with multiple interested parties.
The leading force behind any blockchain is the community. We know that if we want to help WAX succeed, we need to actively engage with the WAX community and create the conditions necessary for new users to join. We will therefore be working hard to create an environment in which the community can grow and evolve.
The first service planned to tackle this goal will give users the ability to create new accounts and pay for it using other cryptocurrencies. While we see the benefits that WAX All Access will bring to the ecosystem, we also understand that some potential users either can't or don't want to link a phone number to their blockchain account. Our service will give those users the ability to create WAX accounts cheaply and anonymously.
More than one year ago, we created the concept for a Non Fungible Token based game. We didn't want to create just another game where it was obvious that the gameplay was just an excuse to sell more NFTs. What we wanted to create was a real game, that would be fun and engaging even if there weren't any NFTs to trade with.
We however had to halt the development process when we realized that the Ethereum blockchain, that we wanted to build this game on, simply couldn't provide us with what we needed. The block times were too long, and most importantly, the transaction fees were too high. The WAX blockchain solves all of these problems.
In fact, with the WAX blockchain being heavily focused on Non Fungible Tokens, we feel like our game will be a perfect fit and are even considering adding more features that would've been unthinkable on the Ethereum blockchain. We genuinely believe that this game would be a major step forward for crypto games and could get hundreds of interested players on the WAX blockchain, and we are excited to move forward with the development.
The ability of block producers to become active in shaping the future of a network is one of the biggest strengths of the eosio protocol underlying the WAX blockchain. We are ready to take the responsibility of governing the WAX network in the best interest of the community.
As an active guild, we want to push to create a WAX specific constitution, orienting ourselves to the EOS constitution while keeping in mind the specific features and use cases that make the WAX blockchain unique. This constitution should be viewed as the baseline for all future changes and improvements.
As a guild, we act as representatives of the WAX community that votes for us. We take this responsibility very seriously, and in our opinion part of this responsibility is to be as transparent as possible about our decision making process. On top of that, we will always take the time to respond to all questions that might arise. You can contact is directly @pinknetwork on Telegram or @pinknetworkx on Twitter.
As an active block producer, it is of the upmost importance to reliably produce blocks with as little delay and downtime as possible. This goes hand in hand with the security of our nodes, because any attacks on our nodes are attacks on the WAX blockchain as a whole.
We are currently utilizing a system that runs 3 separate WAX nodes:
We also have an automatic warning system in place, that notifies our team if no new blocks are detected at our producer node for more than 20 seconds. This system, together with our distributed node setup, guarantees very high security and reliability.
Our bare metal servers run on the following Hardware:
We currently utilize only one datacenter in Limburg, Germany. In the future we plan to move parts of our nodes to a different datacenter in France.
Entirely self funded, no outside investorsRead more about who we are
As a guild/ block producer, we are representatives of the community of the WAX blockchain. We therefore aim to represent the interests of the community as best as possible and vow to make all of our decisions with the best of the community we represent in mind.
We are looking to take an active role in the creation of a WAX constitution and will abide to the constitution once it is in place.
pink.network is owned by its founders and entirely self funded. No outside investors exist, and no other 3rd parties exist that can influence our decision making.