💡 TLDR: BetSwirl is launching a staking program that is fair, secure, and simple. The program allows BETS token holders to earn a passive income, rewarding them for their loyalty and engagement. It’s not just about playing — it’s about being part of a revolution in online gaming. Get ready to stake your BETS and reap the rewards!
In the grand theatre of decentralized gaming, we have embarked on a mission to redefine the rules. Welcome to BetSwirl, Today, we are thrilled to share details of our staking program, designed to empower you, the player.
The big picture
Before we delve into the mechanics of staking, let’s step back and appreciate the bigger picture. BetSwirl is not your typical online gaming platform — it is a decentralized, immersive universe where fair play and fun converge.
From dice games to Russian Roulette, BetSwirl’s suite of games is as diverse as our community of players. Powered by multiple tokens like MATIC, ETH, BNB, AVAX, BETS, and a multitude of partners’ ERC20 tokens, it’s not just about the thrill of the game, but also the joy of choice.
At the core of our ecosystem is the BETS token, designed with deflationary mechanisms and multiple use cases. It’s more than a token; it’s a ticket to exciting incentives, rewards, and even surprises.
The Power of Staking
Staking is more than just a buzzword at BetSwirl. It’s a testament to our commitment to fairness, simplicity, and security. It’s about giving power back to the players — our valued BETS holders.
Every month, a new epoch will start, sharing the revenue of the protocol from the past month (possibly with some extra bonuses thrown in for good measure 😃). Think of it as a consistent monthly income, a direct benefit of your loyalty. Simply stake your BETS and enjoy regular earnings. It’s as simple as that! At BetSwirl, we reward commitment and stability. It’s time to stake, relax, and let your tokens work for you.
Where does the reward come from?
Whenever a player wins a bet on BetSwirl, a small house edge is charged, generating revenue for BetSwirl. And guess what? 30% of this revenue is distributed to $BETS stakers! 🎉 With a total wagered volume on BetSwirl exceeding $25M, we have already gathered around $150k worth of revenue to be distributed among our stakers. 🌟
What about BETS token dividend?
As part of our commitment to maintaining a healthy ecosystem, BETS tokens won’t be shared as dividends; instead, they will be burned monthly 🔥. This burning process is an additional deflationary mechanism designed to reduce the overall token supply, thus increasing the value of the remaining tokens. We believe that this strategic decision will promote sustainable growth and long-term stability for our gaming universe, thereby benefiting all players in the long run.
Why staking BETS rather than LP Bets?
This strategic choice enables us to retain responsibility and ownership of liquidity while sharing revenue more equitably among users. Staking BETS also adds more value to the token, encouraging holders to stake more while minimizing risk exposure.
Looking for the optimal APR for your BETS?
Jumper Exchange Bridge provides an effortless way to transfer your BETS to the desired location, enabling you to earn the tokens you prefer and secure the best Annual Percentage Rate (APR). Enjoy this streamlined service at https://jumper.exchange.
In recognition of our games’ multichain availability — from Arbitrum to Avalanche, Polygon to BNB Chain — it only made sense to extend this philosophy to our staking program as well.
At BetSwirl, we believe in respecting individual preferences and understand that our users should have the liberty to stake on their preferred chain. Also, where the volume is generated shouldn’t affect the rewards distributed on pools.
To ensure fairness and balance, the reward for staking on each chain will be calibrated based on the Total Value Locked (TVL) we observe on each chain. This approach helps us maintain equilibrium and avoid undue concentration on a single chain, thus promoting healthier and more diversified participation across the platform.
So, no matter which chain you feel most at home with, BetSwirl has got you covered. Stake your BETS, enjoy your favorite games, and watch the rewards roll in.
Simplicity is the Ultimate Sophistication
While our staking program is comprehensive, we value simplicity. The program has a single reward system to keep the contract straightforward, reducing risks and allowing us to focus on our primary goal: delivering an unparalleled gaming experience.
So, what are you waiting for? Join the BetSwirl revolution today. Stake your BETS, play your games, and let the rewards flow. Here’s to making waves in the metaverse together!
Remember, it’s not just about playing; it’s about being part of a revolution. And the revolution continues with staking.
And there you have it — the power to stake, play, and earn, all at your fingertips. We couldn’t have done it without our amazing community.
So grab your BETS, start staking now https://app.betswirl.com/staking, enjoy a passive income 💸, and let’s shape the future of gaming together.