Coming soon
CHIP
A casino and a sports exchange on Solana, with a token of its own. You earn CHIP by playing, and staked CHIP shares in what the house makes.
It isn't open yet, and there's nothing to buy or deposit.
News comes on @VigorishSolana first.
What it will be
The casino
Coinflip, dice and crash, played straight from your wallet. Every result comes from on-chain randomness, and each game's house edge is fixed when the program launches, so it can't be raised later.
The sports exchange
Players back or lay each other at the odds they choose, with both sides held in escrow until the result. The house never takes a side. A 3% commission comes off net winnings only.
CHIP staking
Stake CHIP to share in the house's profit, paid in USDC. Unstaking has a 24-hour cooldown. Like any profit share, it can be zero.
How it ties into Vigorish
- How CHIP is made
- CHIP is minted only when house edge or commission is actually paid, so betting both sides of something can't farm it. The rate falls as more is paid, and the supply can never pass 50 million.
- What $VIG gets
- 10% of the house's profit goes to buying back $VIG, and 5% goes to the Lounge prize funds.
- What stays the same
- The Lounge stays free, with no entry fee and nothing wagered. CHIP is a separate part of Vigorish with its own token and its own money.
CHIP will use real money, unlike the Lounge. Before it opens, the program goes through testing and an independent audit. Real-money games and sports betting need a licence in most places, so CHIP will only open where it's allowed. You must be 18 or older. Staking comes with no promise of any profit or return. The games, numbers and timing above are plans and can change.