ByBet Liquidity & Staking Launch

November 3 update – despite raising 95 BNB with a 50 BNB softcap, the team feels they need more money and cancelled the presale. No word as to next steps.

November 1 update – the team isn’t answering “Wen launch” questions. This time is a placeholder.

Token launch for a gambling platform launching on BSC.

The team has not announced a launch time yet, only that it will take place on November 2.

DETAILS

Launch details
- Token will launch on Pancakeswap
- Token pair: BBET/WBNB
- Presale and listing prices will be determined at the end of the presale
  - Presale will be held on Pinksale and will last for 4 days (soft cap: 52 BNB)
- Initial marketcap will be determined at the end of the presale
- 51% of the presale funds will be added to liquidity
  - ❌ No information on how the remaining presale funds are allocated
- No vesting – 100% of presale tokens unlocked at launch
Tokenomics
- BBET is the governance token
  - Holders receive dividends from the gaming profits
  - Used for placing bets on sport events & casino games
- Total supply: 1,200,000,000 BBET
  - 21% – Staking (1% unlocks on 2023/03/03, then 2.8% monthly – lock info)
  - 18% – Ecosystem reserve (20% unlocks on 2022/11/03, then 20% monthly – lock info)
  - 15% – Presale
  - 15% – Marketing (1% unlocks on 2022/12/03, then 9% monthly – lock info)
  - 10% – Liquidity (1% unlocks on 2023/02/03, then 10% monthly – lock info) according to Pinksale, 20% – Liquidity according to the whitepaper
  - 10% – Team (1% unlocks on 2022/12/03, then 2.8% monthly – lock info)
  - 7.497% – Liquidity (will be locked on Pinksale 550 days after pool ends)
  - 3.503% – Unlocked
  - 1% – Free bounty & airdrop, according to the whitepaper
- 5% buy tax, reducing monthly
  - Liquidity – 2%
  - Marketing – 1%
  - BUSD rewards for stakers – 1%
    - 60% early withdrawal fee
    - There will be staking after launch
  - Team – 1%
- 15% sell tax, reducing monthly
  - Liquidity – 5%
  - Marketing – 5%
  - BUSD rewards for stakers – 4%
    - 60% early withdrawal fee
    - There will be staking after launch
  - Team – 1%
Features:
- Football pools
  - Users can bet on team A or B to win, lose, or both to draw
  - If draw, users split the rewards in the pool in proportion to their initial investment
  - If any of the teams win, 95% goes to the winner
    - 3% to ByBet treasury
    - 2% to insurance fund
  - Rewards are claimable within 48 hours
- Casino games
  - Crash
  - Classic Dice
  - Ring of Fortune
  - Coin Flip
  - Wheel
  - Hash Dice
    - Betting will be available after launch
- Lottery
  - Users can buy tickets for $0.1
    - Users choose 6 numbers for each ticket
    - All 6 numbers match = $100,000 prize
    - 1st five numbers match = $3000 prize
    - 4 of 5 numbers match = $20 prize for each ticket
    - 3 of 5 numbers match = $1 prize for each ticket
  - Prize pool comes from 3% of the platform’s trading volumes & 3% of the betting prize pools
- Insurance
  - Users can reserve BBET tokens as insurance with a max of 10% of the user prediction amount
  - 15% of the prize goes to insurance and is distributed to users who lost their prediction and reserved insurance
- 0.15% referral commission on casino games and 0.25% referral commission on sports betting
- Dividends are calculated from the gross profit each quarter, and distributed to BBET holders who have held for > 3 months