Commercial Model
HBTS contains a staking function that generates rewards for the users and modulates rebates that are available to them:
Last updated
HBTS contains a staking function that generates rewards for the users and modulates rebates that are available to them:
Last updated
🥩 Staking determines the amount of rebates (Free Bets) available to active gamblers on the platform.
Rebates increase with staking
🥩 Staking determines the level of the burn rate.
Burn rates decrease with staking
💰 Rebates have a time-decay attached, and if not used they are extinguished.
The NGR rebate allocation to users 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 the rebate that was not distributed to the user.
The Staking credit is reduced by the house's theoretical edge and paid in tokens to Stakers
The burn mechanism also creates a subtle incentive for HBTS holders to provide liquidity. Providing liquidity to the HBTS-USDT pool enables token holders to participate in Liquidity Farming, which is directly incentivised by the inflation of the token supply dealt with below. It’s a way to support the ecosystem while being rewarded for strengthening its foundation.
