The moment that you’ve been waiting for has arrived!
Key Details
Token: $BET
Token needed: $USDC
Chain: Polygon (how to bridge)
Total Supply: 10,000,000 BET (10% of Max Supply)
Duration: 5 days — or until sold out
Time: 10:00 AM UTC
Price: $0.05 per $BET token
We are proud to announce a Public Sale for the BET token (a valueless governance token) that will be used to distribute revenue, govern the protocol and provide liquidity. The Sale will take place on the 25th of April at 10:00 AM UTC.
The token price for the sale will be $0.05 for the entire duration of the sale. Funds swapped for BET tokens will be sent to the DAO Treasury.
ChainBet has already launched several games on the Polygon-Mumbai Testnet. The games released on the Mumbai testnet signify an official product release from ChainBet and a transfer of control to the token holders. You can read more about it in this Medium post.
Tokenomics
As stated earlier, BET is a valueless governance token that has no economic value. The $BET token will be able to be locked up for $veBET and share in the profit of the ChainBet platform and its returns. This is how the profits of the house are distributed to the community. Profits are distributed in the tokens of the earnings, therefore veBET can earn revenue from all bankroll pools (and earn profit in tokens like $USDC, $wBTC, $wETH etc)
For more information surrounding our tokenomics please read our medium article.
ChainBet Token Allocation
Team and advisor tokens are vested 2 years linearly with a 6-month cliff. Tokens from the sale are fully unlocked at the Token Generation Event (TGE).
This sale is for 10% of the total $BET token supply and is only half of the Public allocated tokens. There will be another sale in the future for the remaining public allocated tokens.
About ChainBet
ChainBet is building the world’s best-decentralized betting platform. Launching on Polygon (initially), ChainBet is bringing trustless on-chain betting to the masses using Chainlink VRF — every game played on the protocol is fair, random, and transparent.
To read more about ChainBet, please read this article.
Diamond Hand NFT Cards
We plan on having an exclusive NFT collection to reward the early believers of the protocol. The plan is to release a collection of 54 poker cards (52 cards + 2 jokers make up a playing deck). If you want to find a little easter egg, just ask our cashier out in the #cashier channel of our discord.
The only way to be eligible for the Diamond Hand NFT card collection is as follows:
Hold your $BET for a month after our liquidity launch.
And they will be distributed only to the following:
- 27 to the biggest holders of the project who don’t sell for a month after our liquidity launch
- 27 will be randomly distributed to holders who didn’t sell and who have a minimum of 20,000 $BET ($1000 invested at 5 cents).
So these Diamond Hand NFTs will be given to the Diamond Handed holders of ChainBet. They will have important future utility given to their owners as well.
These NFTs will have many perks within the ChainBet ecosystem. Which are all upcoming and to be announced, but trust us, you don’t want to miss out.
So prepare your USDC on Polygon and await further announcements!
What are the funds being used for?
- Marketing.
- Funding initial liquidity on a TBD DEX
- Operation costs, including hiring new developers.
- Funding Initial Bankroll (USDC & MATIC)
- 3rd Party Contract Audits
