NFTBingo Whitepaper

NFTBingo is a blockchain-powered online gaming platform where players purchase and use NFT-based bingo cards to compete in verifiably fair, decentralized bingo games. The platform is built on Polygon for scalability, speed, and low fees.

Overview

NFTBingo combines the fun and familiarity of bingo with blockchain transparency. Players acquire unique NFT cards to join live games, trade, or stake them for passive income.

Token Utility

• Used for bingo game entry fees (USD-pegged pricing model).
• Rewards from winning games and special jackpot events.
• Governance participation for future platform updates.
• Staking system where NFT card owners earn passive rewards.

Gameplay Mechanics

Each game has a required minimum number of players before starting. Once the threshold is met, a countdown begins. Numbers are drawn randomly on-chain, and winners are automatically verified through smart contract execution.

NFT Card Ownership

Each NFT card has a unique on-chain pattern hash and limited supply. Players may use their card in one game at a time or stake it to allow others to play with it. Staked cards earn a share of winnings based on staking terms.

Revenue Model

NFTBingo earns revenue through small fees on every game entry and payout. Additional income streams include NFT minting, staking commissions, and resale royalties.

Roadmap Highlights

• Phase 1: MVP launch with basic game engine and NFT minting.
• Phase 2: Token launch, staking marketplace, and jackpot modes.
• Phase 3: Mobile app release and cross-chain interoperability.