Note: we’ve added even more exciting improvements to the BET token, including double the dividends! Learn more about those updates here.
Here at EarnBet, we’re focused on consistently delivering value to our players and BET token holders. Today, we’re excited to announce some significant improvements to the BET token model. We will be launching staking, a secure method of locking up tokens and earning increased rewards.
By staking your BET tokens you will receive stake points, which provide:
- A reduced house edge on our games
- A larger share of dividend rewards
- Additional perks across the BET Gaming network
How Staking Works
BET token holders who decide to stake may choose from seven different lock up periods ranging from 1 day to 5 years. The longer the lock up period, the more stake points that holder receives.
For example, if you have 100,000 BET and you stake for 7 days you will receive 110,000 stake points. If you stake for 365 days you will have 225,000 stake points. Staked tokens remain under your sole control. For added security, there is an unstaking period of 24 hours.
Now let’s look at why you should stake!
Receive a Reduced House Edge
Thousands of people play on EarnBet because we have always been transparent about fairness and have offered the best betting odds around. Now, with stake points, players have the opportunity to get an even better house edge! Depending on the amount of stake points you have, we will automatically improve your odds on our games!
With 5,000,000 stake points, your odds on Dice improve from 1.5% to 0.50%. These reductions apply for Dice, HiLo, and Crash. Baccarat reductions will be scaled down proportionally given the base house edge is already a low 1.1%. These reductions will not apply for Blackjack, which boasts an extremely player-friendly edge of about 0.5%.
Receive a Larger Share of Dividends
Dividends in coins will now be paid out at specified intervals and will only be distributed to holders who have stake points. You’ll receive dividends proportional to the total amount of stake points. So if you have 2,000,000 stake points and there are 10,000,000 stake points total, you’ll receive 20% of dividends for that day.
In the past two years, EarnBet has distributed over $4,000,000 in dividends. We’ve had a consistent increase in new players and look forward to rewarding token holders even more; especially those who have had and continue to have long-term faith in the project.
There will be a 43 day grace period, allowing ample time for everyone to stake who wishes to. During this time period, dividends will accrue in the account waxbetdivs11 until the first payment day on July 17th, 2020. The site has been busy recently and we expect the first payout to stakers to be a big one!
Additional Perks Across the BET Gaming Network
The benefits of staking don’t end with dividends and improved odds. There will be a number of additional benefits of having stake points that will continue to be announced this year!
How to Stake
Simply head to earnbet.io/BET and choose your desired staking period. You’ll also find quick links for purchasing and depositing BET tokens as well.
Other BET Token Updates
We have recently been listed on CoinMarketCap, the #1 most trafficked cryptocurrency site. We are also excited to announce that we have listed BET/USDT and BET/BTC pairs on Hotbit.io, a Top 20 exchange with a Trust Score of 9/10 from CoinGecko.
We will be listing on at least one more exchange in order to provide additional trading options for our users. This will also enable our circulating supply and market cap to be accurately tracked on CoinMarketCap.
The EarnBet Team