Build A Bag - Whitepaper

Abstract

Build A Bag (BaB) is the world's first multi-dimensional Web3 slot machine, blending classic gaming mechanics with decentralized finance. It enables players to spin for crypto prizes, powered by a community funded reserve of digital assets.

Behind the scenes, BaB operates as a trustless, fully on chain game that allows token holders the ability to play for their share of the community pool of crypto funds. The game engine, lets token holders earn, hedge, and speculate through a simple, engaging interface. The community is empowered to choose when to try their luck, when to sell their stake and even what tokens appear in game. Whether you're new to crypto or an experienced degen, BaB offers an all-in-one experience to build your bag — and enjoy the process.

1. Introduction

Build a Bag is the world's first multi-dimensional slot machine - a true Web3-native product that merges portfolio building with the thrill of Vegas gaming.

On the surface, it's a slot machine - with all the iconic sights, sounds, and interactivity that have captivated players for over a century. But under the hood, Build a Bag is a community driven experience where each token holders contribute to the pool, engineered to hedge against market volatility and offer strategic upside in both bull and bear markets.

For many users, it's as simple as spin and win. Crypto-curious players and slot enthusiasts can access a single-click on-ramp to token ownership, bypassing the complexity of utility tokens, stablecoins, and swaps.

For others, BaB's native token becomes a market-aware asset - used to speculate, hedge, or hold depending on market conditions. Since all prizing is pre-purchased and pegged at the start of each season, the prize pool automatically benefits from market upside. If Bitcoin rises during a season, the jackpot grows - offering players an outsized win relative to the odds. During downturns, risk-on players can purchase tokens at a discount and leverage slot multiplier mechanics for a chance to extract value from temporarily discounted reserve assets.

To ensure global adoption, Build a Bag is designed as a no-risk system. Every spin results in either a crypto payout or an equal-value allocation of governance tokens, which grant powerful in-platform voting rights. Because players always receive value, BaB avoids gambling classification, enabling borderless participation.

2. How It Works

BaB's economic engine is a self-reinforcing flywheel:

1. Token Launch (Post-Development):
   The native token is launched only after the product is complete and ready, ensuring trust and credibility. Users will be able to test play the product before deciding to participate in the Initial Coin Offering.
2. Initial Coin Offering (ICO):
   Proceeds are fully allocated to purchase an indexed reserve of cryptocurrencies. These assets fund all slot machine payouts.
3. Fixed Prize Vault
   Prizes are algorithmically mapped to expected slot probabilities. Value is pegged at time of purchase, but floats with market movement.
4. Gameplay + Distribution
   Players spin the slot machine using the native token. Every result is recorded on-chain (via Frequency), and payouts are distributed automatically to wallets.
5. Governance Participation
   All spins return crypto prizes from the reserve or governance tokens - used to vote on reserve composition, reward mechanics, future games, and community airdrops.

3. Community Reserve Mechanics

BaB's prizing model uses a seasonal index fund backed by real, pre-purchased crypto assets:

• Dynamic Value, Static Allocation:
  Prizes are allocated based on USD value at purchase time. If a BTC jackpot was valued at $100K at the start of the season and BTC increases 20%, the prize is now worth $120K - creating a prize overlay.
• Built-In Bear Market Hedge
  Even when asset prices fall, slot multipliers offer upside potential, preserving value and player interest during downturns.
• Seasonal Pegging
  Each season (e.g., monthly) includes an updated reserve portfolio, voted on by governance token holders.

4. No-Risk System

BaB's innovative no-risk architecture ensures players never walk away empty-handed:

• Guaranteed Value on Every Spin
  Users receive either a crypto prize or governance tokens equal to the value of their spin.
• Governance Utility
  Governance tokens drive future gameplay and treasury decisions - including token selection, game mechanics, progressive jackpot designs, and more.

This structure removes the risk element associated with gambling classifications and unlocks global scalability.

5. Why a Slot Machine?

Slots dominate casino gaming for a reason:

• Low skill threshold
• Fast gameplay
• Exciting audiovisual feedback
• High win potential

By using this proven format, BaB maximizes accessibility for Web2 and Web3 audiences alike. It's simple enough for newcomers, yet nuanced enough for strategic players and speculators.

6. Why a Community Fund?

Following the lead of institutions like MicroStrategy and Tesla, BaB uses crypto reserves as a long-term value engine.

However, instead of locking funds in a balance sheet, BaB makes them playable - turning strategic investment into active gameplay. Community governance ensures the fund evolves with user sentiment and market conditions.

7. Tokenomics

BaB's native token is not the product - it's the access key to gameplay, rewards, and platform governance.

Unlike traditional token models that rely on long-term emissions and inflationary play-to-earn mechanics, Build A Bag front-loads its token utility. A majority of supply is sold during the Initial Coin Offering (ICO) to fund the prizes that back gameplay from Day 1.

Utility:

• Used to play the slot machine
• Grants DAO voting rights
• Accesses exclusive rewards, airdrops, and features
• Tradable on DEXs for liquidity and speculation

Reserve-Backed Approach:

The Public ICO will offer 50% of total token supply, with 100% of the proceeds used to purchase the index reserve. This means every spin is powered by real, pre-purchased crypto assets - no phantom prizes, no inflationary reward traps.

"Early buyers aren't speculating - they're funding a live product with transparent, immediate value."

This model ensures rich gameplay liquidity, immediate utility, and a transparent foundation for future growth.

Token Allocation:

• Public ICO (Primary Raise): 50% - 100% of funds used to buy the community prizes
• Ecosystem & Rewards: 10% - Airdrops, affiliate rewards, P2E incentives
• DAO Treasury: 10% - Used for future decisions on seasons, games, upgrades
• Liquidity & DEX Reserves: 10% - To bootstrap trading liquidity on major exchanges
• Team & Advisors: 20% - Vested over 2 years with a 1-year cliff

8. RTP and Sustainability

Build A Bag targets a 96+% Return to Player (RTP):

• 96% of Inflow → Distributed to users as crypto prizes
• 2% of Inflow → Platform operations
• 2% reserved for airdrops, incentives, and ecosystem growth

**This ensures high player value while creating sustainable protocol revenue.

9. Conclusion

Build A Bag reimagines how users enter crypto - not through tutorials, wallets, and charts, but with fun, frictionless gameplay.

It's a game, a portfolio, a protocol, and a movement - all driven by market mechanics, community governance, and backed by more than 100 years of proven gaming psychology.

Build a Bag - Money in, spin and win!