💎 What about BETS? BETS
A utility token
Indeed, using BETS on the BetSwirl platform will allow you to play, get some cool in-game bonuses, buy NFTs, and so on. If you just want to hold and stake BETS, we've got you covered: you'll then earn a share of BetSwirl's profits. And if you're hardcore about BetSwirl - and we're sure you'll be - you can vote, make your voice heard, and influence the platform's future!
Analytics: Token
What can I do with my BETS?
- Play with it. All games will accept it.
- Stake it and earn a share of BetSwirl's profits. This is for you if you're with us in the long game.
- Get exclusive NFT only purchasable with BETS
- Vote, tell us what you think, make your voice heard. We want BetSwirl to be community-driven where holders can influence the platform's future.
- Just hold and appreciate the deflationary mechanisms
- Send it to your friends as a gift!
What BetSwirl is doing with BETS?
- Redistribute it as rewards to the stakers
- Add more liquidity to the bank for you to get a higher payout
- Pay marketing and protocol developments
- Add liquidity to the pairs on DEX
Token strategies
- A token at the heart of the protocol with multiple utilities to increase volume usage and reward liqudity provider
- An advanced inflation management following an inverse exponential function
- All tokens distribution are vested monthly during multiple months
- Team allocation: Lock 3 Months - 10% every month afterward
- Marketing: 10% at TGE and 10% every month afterward
- Advisors: 10% at TGE and 10% every month afterward
- Strategic Sale: 10% at TGE and 10% every month afterward
- Private Sale: 10% at TGE and 10% every month afterward
- IDO: 25% at TGE and 25% every month afterward
- Treasury and project development tokens allocations are locked and can be only unlocked via governance
- All tokens distribution are vested monthly during multiple months
- A protocol owned liquidity strategy
- 90% of the IDO will be put in liquidity and locked for the long term.
- An essential part of the treasury fund that receives dividends on each game is used to buy back BETS, add liquidity and lock it. This will guarantee a continuous increase in liquidity and, thanks to frequent locks, an immobilization of part of the token supply.
- Multiple deflationary mechanisms
- To counterbalance the inflation of the first months and to make the token deflationary in the long term, we are implementing several token buybacks and burn mechanisms:
- BuyBacks and burn with revenue from the games
- BuyBacks and burn after each Million jackpot draw
- Burn after each purchase of NFT (NFT will be only purchasable in BETS)
- BuyBacks & Burn with 50% of the NFT royalties
- To counterbalance the inflation of the first months and to make the token deflationary in the long term, we are implementing several token buybacks and burn mechanisms:
- Multiple incentives for Stakers and holders
- To reduce the selling pressure and immobilize a part of the community-owned supply, we will share the main part of the protocol revenue (between 40% and 50%) to stakers.
- Loyal holders & stakers will gain free million jackpot ticket