UBET Token Utility

The OnChainBets token will be an integrative part of the ecosystem, enabling a community owned project that rewards frequent players.

For Customers

UBET Cred - Earn tokens for betting

The main purpose of the token is to create a competitive edge for customer experience and loyalty. When a customer can earn rewards, win or lose, you create loyalty and increase retention. Go the UBET cred page for full details.

Play with UBET

Alongside being a reward mechanism for frequent bettors, UBET will also be used to play on the site (after token generation event).

For Token Holders

Buyback & Burn

As a revenue yielding project, OnChainBets can use a steady 10% of the income to support the token in the market. Not only will this be a utility for token holders during bull markets, it should make us shine and attract even more attention during sideways or bear markets, when most memecoins and ponzinomics lose their hype backed value. Furthermore, the buyback is also a response to any downward sell pressure coming from players earning the token and wanting to exchange it in open markets, or early investors cashing out their positions.

Revenue Backed Staking (Dividends)

Token holders will be able to stake UBET in liquidity pools that earn yields backed by revenue, similar to the buyback and burn program. Yields are designed to increase sharp revenue growths. For example, if revenue increases by 50% during a ceratin period, staking program participants will earn higher yields (dividends) during that period as a result. In any scenraio, yields will have a guaranteed minimum APY %. UBET Staking program is backed by OnChain's revenues, unlike most projects in the cryptosphere that are feast or famine, and are solely dependant on fluctations in their token price.

Bankroll and Casino oparations

As the staking pool grows, it will serve as a part of the platforms "bankroll" adding increased payouts to winners and directly affecting the platforms odds and payouts mechanism. This will in turn attract more players, at higher volumes and allow OnChainBets to provide increased liquidity not ony for our own platforms, but for other oparators in the "Frictioneless betting space" providing a utility for UBET that goes beyond OnChainBets.