doublejack has a unique opportunity to offer an asset-backed, dividend paying digital money deemed the “Coin”, designed to create significant overall Organizational value while offsetting the capital requirements for current and future expansion.

Objective:

• To create a harmonized utility Coin that doublejack will utilize as a fundraising mechanism to offset current and future expansion costs.
• To utilize such a Coin throughout the Organization with the option to replace cash or cash related payments and transactions.
• To create significant value for the doublejack community, including founders, players, agents and onboarded organizations.

Value Add Opportunity:

• Duel asset-backed digital money, where each DJCK token is tied to Orbiko’s gold-pegged OSGT tokens, and 1% of every dollar spent on iGaming, lotteries, sports betting and token sales through the doublejack platform will be dedicated to and allocated towards bolstering the DJCK Token.

• Business development initiative under way to support the adoption of the doublejack Coin as a form of financial transaction throughout the doublejack community and beyond.
• Blockchain Management through an independent blockchain organization that adheres to international blockchain standards and procedures.
• The blockchain organization exceeds international digital currency transaction standards that are currently being adopted by the global financial.

State of the Current Digital Coin Market:

According to Thomson Reuters, Crypto-assets are changing the international monetary and financial system in profound ways. Crypto-assets and the vast universe of associated products and services have grown rapidly in recent years and are becoming increasingly interlinked with the regulated financial system. Policymakers appear to be struggling to keep track of risks posed by a sector where most activities are unregulated, or at best lightly regulated.

There is also concern that uncoordinated regulatory actions may facilitate potentially destabilizing capital flows. The IMF estimates cryptos’ market capitalization at $2.5 trillion. This may be an indication of the significant economic value of the underlying technological innovations such as the blockchain, although it might also reflect froth in an environment of stretched valuations.

According to Thomson Reuters, Crypto-assets are changing the international monetary and financial system in profound ways. Crypto-assets and the vast universe of associated products and services have grown rapidly in recent years and are becoming increasingly interlinked with the regulated financial system. Policymakers appear to be struggling to keep track of risks posed by a sector where most activities are unregulated, or at best lightly regulated.

There is also concern that uncoordinated regulatory actions may facilitate potentially destabilizing capital flows. The IMF estimates cryptos’ market capitalization at $2.5 trillion. This may be an indication of the significant economic value of the underlying technological innovations such as the blockchain, although it might also reflect froth in an environment of stretched valuations.

In the UK, in June 2021, the UK Financial Conduct Authority published its fourth consumer research publication on crypto-assets ownership which found approximately 2.3 million now own cryptoassets, up from around 1.9 million in 2020.

The UK regulator also found attitudes have shifted, as cryptocurrencies appear to have become more normalized — fewer crypto users regard them as a gamble (38%, down from 47%) and more see them as an alternative or complement to mainstream investments, with half of crypto users saying they intend to invest more in the future.

In the European Union, as of February 2022, the total market capitalization of crypto-assets is reported as having increased eightfold in the last two years to around 1.5 trillion euros now, although around 1 trillion euros below its peak in November 2021. The suggestion is that cryptoassets are beginning to gain mainstream acceptability, with ownership peaking at 6% of Slovakians and 8% of Dutch nationals reported as owning crypto-assets.

This report is a follow-up to Regulatory Intelligence’s “Cryptos on Rise” special report published in 2021. That report highlighted the need for policymakers, regulators and firms all to play their part in ensuring that cryptos are as “safe” as possible, not only in terms of investment risk but also with regards to regulatory certainty and cyber resilience.

The 2022 special report expands beyond cryptocurrencies such as bitcoin. Considering the need to develop a regulatory framework, it investigates other crypto-related instruments, such as central bank digital currencies (CBDCs), non-fungible Coins (NFTs) and stablecoins, and highlights policy work in key countries. It examines some of the misconceptions which persist about cryptos, as well as the ramifications for financial stability and the future of money. It also considers changing structural models for financial institutions emerging from the crypto world, as represented by decentralized autonomous organizations (DAOs).

As with the 2021 report there is a compendium which analyzes the tax, legal and regulatory status of cryptos in various jurisdictions.

In conclusion, the igaming industry is at the forefront of the rapid growth and increasing interlinkage of crypto-assets and associated products and services with the regulated financial system. With market capitalization estimated by the IMF at $2.5 trillion, there is no doubt that crypto-assets and their underlying technological innovations such as the blockchain, are having a profound impact on the international monetary and financial system.

Regulators are grappling with the risks posed by this largely unregulated sector, and there are concerns that uncoordinated regulatory actions could lead to potentially destabilizing capital flows. However, the trend towards mainstream acceptability of crypto-assets is becoming increasingly clear, with a growing number of consumers owning and investing in these assets.

The “Cryptos on Rise” special report, published in 2021 and updated in 2022, highlights the need for policymakers, regulators and firms to work together to ensure that crypto-assets are as safe as possible, both in terms of investment risk and regulatory certainty, as well as cyber resilience. The report expands beyond cryptocurrencies and investigates other crypto-related instruments such as CBDCs, NFTs, and stablecoins, while also considering the ramifications for financial stability and the future of money.

The 2022 report includes a comprehensive analysis of the tax, legal, and regulatory status of crypto-assets in various jurisdictions. With the igaming industry being at the forefront of this rapidly evolving landscape, it is important that all stakeholders remain informed and well-informed about the developments in this sector. doublejack’s approach to igaming, which involves utilizing blockchain technology and utilizing the latest regulatory frameworks, will play an important role in ensuring the continued growth and stability of the industry.

doublejacks Token Economics

Token Allocation:

In the DJCK Token economy, allocation of tokens is distributed to accommodate strategic business operations and maintain a healthy ecosystem for the token’s growth and stability. The token allocation is as follows:

1. Pronexus CASP – 1.00%: The first allocation goes to Pronexus CASP, a critical partner responsible for facilitating regulatory compliance within South Africa. This allocation serves to enhance the strategic partnership and operational support that Pronexus offers. The vesting schedule for these tokens is set to 30 days to ensure that the tokens are allocated and can be operational in a timely manner.
2. Orbiko Solutions – 90.00%: A substantial majority of the DJCK Tokens is allocated to Orbiko Solutions, reflecting the significant role they play in backing the DJCK token with their gold-pegged OSGT tokens. This major share emphasizes the inherent value derived from Orbiko’s unique gold-backed cryptocurrency model, forming the primary foundation for DJCK’s stability and growth potential. The tokens allocated to Orbiko also follow a 30-day vesting schedule.
3. Operational Expenditure – 8.00%: These tokens are set aside for the day-to-day running of the doublejack platform. This allocation covers a broad range of operational costs including software development, system maintenance, marketing and advertising, administrative expenses, legal and financial consultancy, and employee salaries. The allocation ensures that doublejack has the necessary resources to support and grow the platform continually, facilitating both short-term function and long-term strategic objectives. These tokens too are subject to a 30-day vesting schedule.
4. Revenue Backing – 1.00%: This allocation serves as the dividend-paying element of the DJCK token, where 1% of every dollar spent on doublejack’s platform is funneled back into the token’s backing. This unique feature underscores the DJCK token’s intrinsic value by providing a tangible asset-backing that creates both stability and real-world value. This allocation also adheres to the 30-day vesting schedule.

The total allocation of DJCK Tokens therefore equates to 100%, with each segment adhering to a 30-day vesting schedule. This allocation model allows for the sustainable growth of the DJCK Token, maintaining balance within its ecosystem, and adding value to all its stakeholders.