Article Summary, Automatically Generated By AI
Summary of BNBPot
- BNBPot is a decentralized, trustless, and transparent platform for peer-to-peer betting.
- BNBP Token utility: represents a share of fees generated by BNBPot based on staked tokens.
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Token Supply: 1,000,000 BNBP tokens allocated as follows:
- Team Wallet: 100,000
- Participation Phase: 100,000
- Early supporters: 800,000
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Fees:
- No fee to take a bet or play a game
- Fees charged to winners: 1.5
About BNBPot: Unlocking the Power of BNB
BNB Pot Summary
BNBPot is a pioneering platform that enables decentralized, trustless, and fully transparent Peer-to-Peer betting. By providing a robust framework, BNBPot empowers players to engage in safe and fair wagering on a diverse range of games and bet types, fostering a secure and trustworthy betting experience.
The primary utility of holding BNBP Token lies in its representation of a share of the fees generated by BNBPot, proportionate to the number of shares an individual holder has staked within BNBPot relative to the total number of BNBP tokens staked.
The total token supply is capped at 1,000,000 BNBP tokens, allocated as follows: • The Team Wallet holds 100,000 tokens, • 100,000 tokens are reserved for the Participation Phase, and • 800,000 tokens have been distributed to early supporters as part of the initial token supply.
Fee Generation and Distribution: A Dynamic Framework
While participating in a bet or game is free of charge, a fee is imposed on the winner. This fee varies in accordance with the specific game type and the hosting entity, whether it be a player or BNBPot. The fees range from a minimum of 3% to a maximum of 15%.
BNBPot ensures a fair and instantaneous payout experience for all games and wagers placed on the platform, backed by transparent and tamper-proof on-chain code. With no room for censorship, anyone possessing a cryptocurrency wallet and approved tokens can seamlessly participate in games and place bets. Moreover, the peer-to-peer architecture of the games facilitates exceptionally low fees and the highest return-to-player (RTP) ratio in the industry.