💡Utility

Learn about the BitBet Token Utility

BitBet Token Utilities

The BitBet token not only serves as the heartbeat of our ecosystem but also offers our users a range of exclusive benefits designed to enhance their betting and trading experience. Here's a breakdown of the perks BitBet token holders can enjoy:

Profit Sharing through Staking: By staking BitBet tokens, holders can share in the profits generated from our diverse offerings, including futures trading, our casino, sports betting, and game wagers. This means the more our platform grows, the more you can earn.

Buy Back & Burn Program: To ensure the value of BitBet tokens remains strong, we dedicate a portion of our revenue to repurchase tokens from the market and permanently remove them from circulation. This deflationary mechanism helps increase scarcity and potentially the value of remaining tokens.

Casino Rakeback Rewards: The amount of BitBet tokens you hold directly influences your rakeback percentage, enhancing your winnings from casino games. Here's how the rakeback scales with your token holdings:

Casino Rake Back (%) Chart

• $100 = 1%

• $1,000 = 2%

• $2,500 = 3%

• $5,000 = 4%

• $10,000 = 5%

• $25,000 = 6%

• $50,000 = 7%

• 100,000 = 8%

• $250,000 = 9%

• $500,000 = 10%

Reduced Trading Fees: BitBet tokens also unlock lower trading fees, making it more cost-effective to engage in futures trading and other platform activities. The scale of fee reduction is directly tied to the amount of BitBet tokens you hold, with significant discounts for larger holdings:

Reduced futures fees (%)

• $100 = 5%

• $1,000 = 10%

• $10,000 = 20%

• $100,000 = 30%

• $250,000 = 40%

• $1,000,000 = 50%

• $2,500,000 = 60%

Future Perks & Exclusive Access: We're continuously exploring new ways to add value for BitBet token holders. Plans include reducing the vig on sports betting, lowering wager fees, and offering token holders exclusive access to XP challenges and rewards for new game launches.

By integrating these utilities, the BitBet token is more than just a cryptocurrency—it's a key to unlocking a richer, more rewarding betting and gaming ecosystem.