Documentation
Tokenomics
Address
BETS is BetSwirl's native token. The contract address is the same across all chains: 0x94025780a1aB58868D9B2dBBB775f44b32e8E6e5
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You can find the contract address on the following blockchain scanners for the networks we operate on:
Analytics
Supply
A total of 7,777,777,777 BETS will ever be supplied to the market!
The total supply of BETS is currently lower than the initial total supply, thanks to the token's deflationary design. Internal burning and buy-back mechanisms ensure that the total supply will continue to decrease.
Burning BETS
The deflationary nature of BETS is reinforced by a our burning mechanism. Each month, as the revenue generated from bets placed with other tokens is distributed to stakers, the revenue derived from bets placed using BETS is burned. This process guarantees the continuous decrease of BETS total supply.
Utilities
- Betting: Users can wager BETS in any of the casino or PvP games offered on the BetSwirl platform. BETS is accepted across various game modes, from Dice and Coin Toss to Keno and Roulette​.
- Staking: BETS holders can stake their tokens to earn rewards in native gas tokens (e.g., MATIC, BNB, AVAX, ETH) across supported blockchains. Staking also allows users to earn incremental rewards while contributing to the security and liquidity of the platform.