BetBitX

Tokenomics

BetBitX has a multi-token system at its core. The native token is $BIT, an ERC-20 token that users can trade on decentralized exchanges (DEXes). Additionally, $esBIT is a time-locked, non-tradable version of $BIT that can be staked for protocol emissions and a share of platform revenue. Once vested, $esBIT can either be converted back into $BIT or burned to create $xBIT, which has its own revenue-sharing and governance rights. Users who burn tokens into xBIT benefit from permanent revenue shares, earning from 25% of the platform’s profits.

Governance and Ecosystem

Governance on BetBitX is decentralized, and token holders of $xBIT will have a say in the future direction of the platform. However, specific governance mechanisms are still under development. The platform’s tokenomics are also deeply integrated with its NFT collection, BetBera, which adds another layer of utility within its ecosystem.

Roadmap and Future Development

BetBitX continues to expand its offerings, aiming to introduce more features that integrate DeFi concepts into its gambling platform. The team is actively developing new products and functionalities, with a focus on maintaining a balance between entertainment and financial utility.