Commercial Model
HBTS contains a staking function which generates rewards for the users and modulates rebates that are available to them.
Last updated
HBTS contains a staking function which generates rewards for the users and modulates rebates that are available to them.
Last updated
In general terms:
Staking determines the amount of rebates (‘Free Bets’) that are available to active gamblers on the platform.
Rebates are increasing on staking
Staking determines the level of the burn rate.
Burn rates are decreasing on staking
Rebates have a time-decay attached and if not used are extinguished.
The NGR rebate allocation to user and Staking is destroyed but the burn element remains.
When, and only when, rebates are used by the user to gamble, Staking is credited with the portion of rebate that was not distributed to the user.
The Staking credit is reduced by the house theoretical edge and paid in tokens to Stakers
The burn feature indirectly incentivises HBTS holders to participate in the core liquidity pool, where HBTS is paired with a ‘Hard’ currency such as USDT. Providing liquidity enables token holders to participate in Liquidity ‘Farming’ which is directly incentivised by the inflation of the token supply dealt with below
