CBET Token price

CBET

In order to incentivize the community to use the token on the platform, Cbet.gg offers bonuses for CBET Token (CBET) wallet users. The bookmaker claims to offer 25% additional funds for every CBET balance replenishment.

CBET holders also have the opportunity to take flash loans. Instead of selling their token holdings, Cbet.gg advises users to borrow up to 50% of the collateral held in the account.

The token is currently functioning on Cbet.gg as a proof-of-concept. The creators hope that the currency has a chance of becoming a standard form of payment in the online gambling industry. CBET is available for any betting website to integrate into their ecosystem.

The total amount of the tokens minted is 1 quadrillion CBET. To regulate the supply of CBET Token (CBET), 50% of all profits generated by the deposits is burned every month. Cbet.gg features a liquidity pool that is locked for 4 years.

The token was launched through a fair launch auction, allowing for transparency and equity in initial token distribution.The official website reports that the company does not have a development fund nor team wallets.

To ensure liquidity, 5% of all on-chain transactions go for 50% as BNB on exchange, 50% as CBET on exchange.

How Is the Cbet.gg Network Secured?

The token is created on Binance Smart Chain (BSC), an Ethereum Virtual Machine (EVM)-compatible blockchain that has smart contract functionality and runs parallel to the Binance blockchain (BC). BSC uses a proof-of-stake-authority (PoSA) consensus model, a hybrid between proof-of-stake (PoS) and proof-of-authority (PoA).

As a deflationary token, CBET Token (CBET) gradually decreases in market supply. Even though burning has the potential to increase the currency’s value, a significant growth in price is not likely without a genuine involvement of the community.

Cbet.gg’s roadmap is available on the token’s official web page and anticipates an introduction of new games on Cbet.gg and the launch of the platform’s own decentralized exchange (DEX).

Although the price of CBET has seen stable growth since its launch, reaching at its highest $0.00000037, the token is currently unlikely to get to $0.01, even considering the amount of tokens being burned every month.

CBET is currently available for purchase on PancakeSwap (V2).

New to cryptocurrency? You can read more about how to enter the market and how to buy Bitcoin (BTC), CBET Token (CBET) or any other coin via CoinMarketCap’s education portal — Alexandria.

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