Lepricon teams up with RioDeFi for faster transactions and lowered fees
Hong Kong, 10 Dec 2020 — Lepricon Technologies, a community-governed prediction games platform, announced today that they have entered into a partnership with leading blockchain technology company, RioDeFi, as the first step in their multi-chain platform development strategy. By using RioDeFi’s proprietary RioChain technology, Lepricon will leverage the Polkadot ecosystem and dramatically increase the rate at which transactions can be processed to approximately 3000 per second, while at the same time lower transaction fees, or gas. Lepricon will be the first-ever gaming dApp to be integrated into RioChain.
“It is essential that we can process stakes, winnings and withdrawals quickly and minimise the cost of those transactions so that our users’ in-game experience matches their expectations,” said Founder & CEO, Joshua Galloway. “By partnering with RioDeFi we can take full advantage of Polkadot and deliver the transaction speeds necessary for the success of the platform.”
“We share Lepricon’s vision of community-building through rewarding programs and activities,” noted James Anderson, CEO of RioDeFi. “We believe Lepricon’s strategy to gamify blockchain through entertaining DeFi applications is exactly the sort of approach that will grow the acceptance of cryptocurrency as a part of daily life.”
The Lepricon platform is expected to launch in the first quarter of 2021. It will provide hypercasual games for the general public that operate on a blockchain backbone via their native governance token, L3P. Three games, developed in-house, will accompany the launch. The platform will then be opened to third party developers. Lepricon will also offer opportunities for staking and liquidity mining to those that hold L3P.
As a community-governed Decentralised Autonomous Organisation (DAO), decisions concerning Lepricon’s activities are voted on by the holders of the token, allowing the community to govern its direction under the guidance of an executive council.
Josh Galloway / Stephen Browne