🎲 Utility, Rewards, Benefits
Last updated
Last updated
Investors participating in the $S8B fund raising rounds on our platform will receive a 20% back on their investments. This promotion will be credited in USDC and can be used at casino upon TGE. Presale Investors will be credited with casino algorithm upon registration at casino with Metmask and wallet which they used in presale rounds. Please note that these credits cannot be used for Live Dealer games and must be wagered 20 times before they can be withdrawn.
The total amount raised in presales is $900,000. Investors will receive a 20%, equating to $180,000 USDC, credited to their registered player accounts at the casino. This bonus will contribute to the Revenue Dividend Share for the initial month. The casino's algorithms will ascertain the Net Gaming Revenue in USDC, just as they do for S8B.
The staking contract is designed to enable a staking within the S8B888BITS ecosystem where users can stake $S8B tokens and earn two types of rewards:
$S8B Token Rewards and Revenue Dividend Reward Share in $USDC.
Participants in the presale can secure their tokens at presale rates by using a staking dApp at the casino immediately after the Token Generation Event (TGE).
They can engage in the staking contract using the same MetaMask accounts they used during the presale.
The token to be staked is the $S8B token.
Users can stake any amount of $S8B tokens at any time.
Users can create multiple staking positions.
Staked $S8B tokens are locked for periods of 7, 14, or 30 days.
Users cannot withdraw staked tokens during this lock period.
The Revenue Dividend Reward Share is available to all S8B staking participants who commit to a locked period of 30 days.
Users in staking contracts receive two types of rewards, Staking Token Rewards and Revenue Dividend Share Rewards in $USDC.
$S8B token rewards amount to 14% of the total $S8B supply. These rewards are distributed among stakers who hold active stake positions, with allocation based on the proportion of their stake amount.
Rewards are distributed proportionally based on the stake amount.
Additional rewards in $USDC - are rewards from Revenue Dividend Reward Share. Each month, 50% of the netto casino revenue will be added to the staking contract in $USDC.
Only $S8B users with a staking lock for 30 days can claim this amount through the dApp on player account at s8b.888bits.com.
Revenue share in $USDC will be injected into a staking contract each 30 days from TGE, from operational casino wallets.
The casino will inject 50% of the total casino netto (deposit - withdrawal) from the operational wallet in $USDC.
Unallocated $S8B rewards remain in the contract if no active staking positions exist.
Users can unstake their $S8B tokens anytime after the lockup period.
Upon unstaking, accumulated $S8B rewards are calculated and transferred to the user.
For 7day stakes, rewards do not accrue beyond the stake period.
Separate functions are designed for claiming rewards:
Token Staking Rewards below 30 days and another Revenue Dividend Share Rewards - stakers above 30 days.
Users at staking contract can claim both types of rewards without unstaking their $S8B tokens.
Auto Compounding feature uses USDC rewards to buy more $S8B tokens and re-stake them for 30 day stakers.
Users can restake their $S8B rewards.
Casino algorithms will determine the amount of Revenue Dividend Reward Share, based on the formula: Total Deposit Amount in all currencies - Total Withdrawal Amount in all currencies = Total Netto Gaming Revenue 50% Total Netto Gaming Revenue will be allocated to the Staking Contract Pool in $USDC for claim.
The transparency concerning the injection of Revenue Dividend Reward Share into the staking contract is accessible to registered players with $S8B token in wallet, only for those within the 30-day staking periods.
Those stakers are eligible to claim this share through 30-day lockups, they will have access to transparent information regarding the amount to be injected, with access comprehensive reports generated from casino reports, encompassing details such as total bets, total winnings, net profit, games played, highest wins, highest losses, and additional information.
Users must manually claim Revenue Dividend Reward Share that they are entitled to at each 30 day.
Maximum compounding amount: initially set at $500 USDC.
Minimum amount for compounding: $50 USDC.
Functionsa are designed to update the maximum compounding amount.
Compounding transactions exclude taxes or extra fees for $S8B token transactions.
Minimum claimable amount: $50 USDC.
Reward epochs: Rewards become claimable every 1530 minutes for uninterrupted 30day stakes.
Forfeiture of unclaimed rewards upon unstaking.
Newly compounded tokens are treated as part of the original stake.
They adhere to the same unstaking rules and periods as the initial stake.
The Wheel of Dragon lottery event takes place every month, with the final draw held on the last day of the respective month.
The event follows a structured timeline:
The first 5 days serve as a cooldown period, during which participants who are not automatically eligible can purchase a ticket or begin staking to qualify for the event.
On the 6th day, the participant list is locked, and no new entries can be made from this point forward.
There are three categories of participants:
Presale Investors: Investors who participated in all presale rounds are automatically eligible for the lottery event until the completion of their vesting period, without the need for any further action.
Stakers: Users with active staking contracts that include a minimum lockup period of 30 days are automatically granted eligibility. If staking begins during the cooldown period, they qualify for the current event. However, if staking commences after the cooldown, eligibility will apply to the subsequent event.
Token Holders: Participants holding at least $500 worth of S8B tokens throughout the respective month must purchase a ticket during the cooldown period. Tokens are not locked, allowing participants to trade freely; however, they must maintain a minimum balance of $500 in S8B tokens during the event to remain eligible.
This monthly structure provides multiple ways for participants to qualify, ensuring both long-term investors and active community members have opportunities to take part in the lottery event.
This wheel features a prize pool valued in $S8B. The size of this prize pool is contingent upon the commitment of the holders. Should holders demonstrate steadfastness in their holdings, the $S8B prize pool will increase accordingly.
Additionally, during this event, a announced portion of the token required to fund the prize pool in USDC will be burned from the token's overall supply, further enhancing its scarcity.
Increased Scarcity
Supply-Demand Dynamics
Perceived Value
Price Stability
Long-Term Value
In Chinese numerology, 888 usually means triple fortune, as a form of strengthening of the digit 8. On its own, the number 8 is often associated with great fortune, wealth and spiritual enlightenment. Hence, 888 is considered triple.
In the Chinese culture, the dragon represents good luck, strength, health and also the male element Yang.
As you find yourself at 888bits.com during the Year of the Dragon, we encourage you to carefully analyze the numbers and confront the realities before making any decisions to sell your tokens.
The launch of token will activate VIP SUITS statuses for all token holders, providing them with special privileges as outlined in the casino's VIP section for a month. The benefits received by VIP SUITS to token holders, including monthly cashback on losses, free chips, varied limits, and bonus conditions, will depend on the amount of purchased S8B tokens in presale and deposited at casino. These VIP SUITS are valid for a month, after which the statuses will be reset and recalculated based on the amount of S8B deposited in the player's account for the following month.
