🔥Buy and Burn Initiative at Bull Run Bets
Last updated
Last updated
At Bull Run Bets, we're pioneering a dynamic strategy known as the 'Buy and Burn' process, instrumental in making our BRBC token a deflationary asset. This initiative is an integral part of our commitment to enhance value for our token holders and sustain our ecosystem's growth.
Revenue Allocation: A dedicated portion of our daily earnings from our diverse verticals – the Casino, Crypto Futures, and Sportsbook – is allocated for the Buy and Burn initiative.
Deflationary Mechanism: Through this process, BRBC tokens are purchased from the market primarily via UniSwap on the Ethereum network and directly from Bullrunbets.io by an account named "BullyBuys" 🤖. The acquired BRBC tokens are then permanently 'burned', i.e., removed from circulation.
Scarcity and Value: As more BRBC tokens are consistently bought and burned, the overall supply diminishes. This reduction in supply inherently makes BRBC a deflationary cryptocurrency, potentially increasing its value over time as it becomes more scarce.
Revenue Dashboard Transparency: Our Bull Run Bets Revenue Dashboard displays detailed BRBC burn statistics. This on-chain burn process is automated and updated daily, ensuring transparency and allowing users to track the burn activities in real-time.
Inclusive Revenue Model: The Buy and Burn initiative encompasses revenue from all our business verticals, including the Casino, 1000x Crypto Futures, and Sportsbook, with the following revenue distribution:
1000x Crypto Futures: 60% Sportsbook: 40% Casino: 20%
Guaranteed Action: We guarantee the Buy and Burn process regardless of our daily profitability. This commitment underscores our dedication to consistently enhancing BRBC's value.
Rewarding Loyalty: A significant portion of the purchased BRBC, specifically 20%, is redistributed to our staked BRBC, rewarding our loyal community members and stakeholders.