BlockBets, a decentralized casino platform, has recently launched the presale for $BBETS, its native token. The $BBETS token will act as a strategic long-term investment opportunity, as it can be leveraged to access in-game benefits, staking yields, and passive income from liquidity pools.
With the launch of the $BBETS presale, BlockBets looks to expand its customer base and popularity in the crypto gambling niche. Here’s everything you need to know about BlockBets and the $BBETS token:
$BBETS is the native token of the BlockBets ecosystem. This BEP-20 protocol can be leveraged to extract benefits from a number of casino games, sports betting markets, and Poker games on BlockBets.
As of 2021, the global online gambling market was valued at over $75 million. The market size is expected to grow at a CAGR (Compound Annual Growth Rate) of 12% until the end of the decade.
Notably, a portion of profits generated throughout the BlockBets ecosystem will be used to buy back tokens. This includes 25% of all Poker profits, 20% of all Casino profits, and 30% of all sportsbook profits.
To stay competitive in the long run, 95% of all the tokens bought back will be burned on the ecosystem. This can help $BBETS grow in demand as the supply will become more scarce. The remaining 5% will be distributed to a single $BBETS presale participant through a raffle.
A secure platform to use, the $BBETS token contract has been verified by Assure DeFi. BlockBets has secured its online gambling license from Curacao Gaming. For more information, read the BlockBets whitepaper .
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On the ecosystem, $BBETS can be leveraged to earn a range of benefits. BlockBets takes the edge by allowing $BBETS token holders to become the