BITBET Whitepaper
  • 1.0 BITBET PREMIER
  • 2.0 DISCLAIMER AND ABSTRACTION
    • 2.1 ABSTRACT
  • 3.0 INDUSTRY OVERVIEW
    • 3.1 THE REVENUE OF THE GAMBLING INDUSTRY
    • 3.2 ONLINE GAMBLING MARKET BY REGION
    • 3.3 REVENUE OF DIFFERENT GAMBLING GAMES
    • 3.4 REASONS FOR GROWTH OF THE ONLINE GAMBLING INDUSTRY
  • 4.0 ISSUES AND CHALLENGES IN THE ONLINE GAMBLING INDUSTRY
    • 4.1 THE BITBET SOLUTION
      • 4.2 PROBLEMS AND SOLUTIONS AT A GLANCE
        • 4.3 PROBLEM ONE
        • 4.4 PROBLEM TWO
        • 4.5 PROBLEM THREE
        • 4.6 PROBLEM FOUR
        • 4.7 PROBLEM FIVE
  • 5.0 THE ECOSYSTEM
    • 5.1 BITBET PREMIER
      • HOW BITBET PREMIER WORKS
        • Net Profit Distribution and Burning
    • 5.2 GAMBLING AND GAMES
    • 5.3 STAKING PLATFORM
      • 5.3.1 How to Stake your BitBet tokens
  • 6.0 THE TOKENOMICS
    • 6.1 TOKENS DISTRIBUTION
    • 6.2 THE BITBET TOKEN
  • 7.0 MARKETING
    • 7.1 TARGET GROUPS
    • 7.2 COMPETITOR ANALYSIS
  • 8.0 ROADMAP
    • Phase 1 - Foundation and Development
    • Phase 2 - Prototype and testing
    • Phase 3 - Launch and Expansion
    • Phase 4 - Community Engagement and Growth
    • Phase 5 - Regulation and Compliance
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  1. 6.0 THE TOKENOMICS

6.1 TOKENS DISTRIBUTION

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Last updated 7 months ago

The SUPPLY of 400M aims to be big enough for our tokenomics and at the same time we wanted to keep it as short as possible, with the time it will shrink even more as we are going to make frequent burnings.

These distributions may undergo adjustments with no further warning if the team considers it necessary when it comes to liquidity, presale or other tokens distribution.

For the Private Sale we decided to give a 25% discount on our projected token price, we think early investors, as our partners and for their willingness and vision deserve it. On the other hand, to avoid harsh drops we reserved only a small portion of the total supply, 12%.

We started our PreSale with many partnerships as well as youtube vídeos and news portals.

The price during PRESALE was $ 0.0013 USD.

35% of the tokens will go to the liquidity (30%) and Marketing/listings (5%). Besides, the contract will have 1% tax for auto liquidity.

Finally, 10% of the tokens will be distributed among team members, 40,000,000 tokens. They will receive them in a vesting rate of 10% each quarter.

Distribution
Tokens
Total Locked
Supply Locked

Tokens for the Team

40,000,000

40,000,000

10%

1st release

4,000,000

36,000,000

9%

2nd release

3,600,000

32,400,000

8,1%

3rd release

3,240,000

29,160,000

7,29%

4th release

2,916,000

26,244,000

6,56%

5th release

2,624,400

23,619,600

5,9%

6th release

2,361,960

21,257,640

5,31%

7th release

2,125,764

19,131,876

4,78%

8th release

1,913,187

17,218,689

4,3%

9th release

1,721,868

15,496,821

3,87%

10th release

1,549,682

13,947,139

3,48%

As demonstrated in the table above, the tokens going or the team will not represent a risk for the project´s economy. After 1 year (4th release), the team will not have received half of the tokens set apart for them.