Bittime - Solcasino is a top casino licensed on the Solana blockchain. The platform supports more than 25 different crypto assets. These include BTC, ETH, SOL, MATIC, SUI, BNB, and AVAX. Solcasino uses Solcasino Token (SCS) as its native token.
Solcasino Token (SCS) is a crypto asset designed to power the Solcasino ecosystem, an online casino platform built on the Solana blockchain. SCS offers its users a variety of benefits, including access to exclusive games, bonuses and loyalty programs.
What is Solcasino.io?
Solcasino.io is a top licensed casino on the Solana blockchain, offering multichain features. According to Dappradar, Solcasino consistently ranks in the top 5 most used dApps (decentralized applications) on Solana.
Solcasino was born out of the need for a licensed and credible casino for players on the Solana network using crypto assets. Launched in December 2021.
Solcasino is the first casino platform built on the Solana blockchain. This allows players to bet directly from their web3 wallet.
Solcasino supports more than 25 different crypto assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polygon (MATIC), Sui (SUI), Binance Coin (BNB), and Avalanche (AVAX).
Users can play and participate in various games, both games of chance and games of skill. The games include classics such as blackjack, poker, slots and roulette. Solcasino also offers a complete sportsbook for its players.
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Solcasino Token (SCS) Key Products & Features
Solcasino Token offers several main products and features, including:
- Access to exclusive games : SCS holders can access a variety of exclusive games that are not available to other players.
- Bonuses and promotions : Solcasino offers various bonuses and promotions to SCS holders, such as welcome bonuses, reload bonuses and cashback bonuses.
- Loyalty program : Solcasino has a tiered loyalty program that rewards players with exclusive bonuses and prizes based on their SCS holding level.
- Governance : SCS holders can participate in the governance of the Solcasino platform by voting on proposals related to the development of the platform.
What is SCS Token?
Solcasino Token (SCS) is an ERC-20 token built on the Solana blockchain. SCS has a maximum total supply of 10 billion tokens.
Also read: Protect Wallet from the Risk of Unlimited ERC-20 Allowance
Tokenomics Solcasino Token (SCS)
Total Supply: 10,000,000,000 (originally)
SCS token distribution is divided into several parts, with the following details:
40% - Staking Rewards for NFT Holders
The largest portion is allocated to reward Solcasino NFT holders through a staking program. This means NFT holders can earn passive income by staking their SCS tokens.
30% - Season 2 (Locked)
Some tokens are allocated for Season 2, which is most likely related to upcoming programs or features on the Solcasino platform. These tokens are locked for 12 months.
10% - Liquidity Pools (Initially)
A portion of tokens is allocated to provide liquidity on decentralized exchanges (DEX). However, the latest update states that this portion is no longer used and has been burned.
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10% - Community Rewards (Initially)
This portion of the token is allocated to the community rewards program. However, just like pool liquidity, this portion has also been burned in the latest update.
5% - Team (With Vesting Schedule)
These are allocated to Solcasino teams, but with a vesting schedule. This means that tokens are not given in full at the start, but are given in stages over a certain period of time.
5% - Marketing (Initially)
Used for Solcasino marketing activities. However, this portion has also been burned in the latest update.
Also read: Ethereum Request for Comment (ERC), Standard for Ethereum-Based Tokens
Tokenomics Update (26 October 2023)
On October 26, 2023, changes occurred to the distribution of SCS tokens. A total of 29,697,876 tokens were burned, bringing the total supply of SCS tokens to 7,030,282,123. Thus, the portion for pool liquidity, community rewards, team and marketing which previously amounted to 20% is no longer there.
Solcasino Token (SCS) Fundamental Analysis
Solcasino Token has several strong fundamental factors, including:
- Strong use case : SCS has a strong use case within the Solcasino platform, offering various benefits to its users.
- Experienced team : Solcasino has an experienced team with a proven track record in the online gaming industry.
- Innovative technology : Solcasino is built on the Solana blockchain, which is one of the fastest and most scalable blockchains in the world.
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Conclusion
By knowing the background of Solcasino, investors can assess the future potential of Solcasino Token (SCS). SCS is an interesting crypto token with various benefits for its users.
The token has a strong use case, an experienced team, and innovative technology. In addition, Solcasino's native token can be an attractive investment for investors interested in the online gaming and blockchain industries.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Solana (SOL) Future & Solana ETF Predictions
What is SOLAMA? Meme Coin A Play on Solana
What is a Solana Virtual Machine (SVM)? Understanding the Core Technology Behind Solana
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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