Tokenomics

Betgemcasino

Abstract

In the ever-evolving landscape of online sports exchange, Betgemcasino emerges as a groundbreaking solution, melding the worlds of online sports exchange and cryptocurrency, . Betgemcasino is not just another online exchange; it is a cutting-edge platform that leverages the security, speed, and user base of Telegram, offering a seamless gaming experience that integrates cryptocurrency transactions. The integration of cryptocurrency, particularly our native token BGC Coin, revolutionizes the traditional casino reward system. BGC, a unique cryptocurrency asset, plays a pivotal role in our ecosystem, offering players unprecedented rewards and benefits. It is not merely a digital currency but a value-driven component supported and stabilized by a share of BetGemCasino's profits. This whitepaper delves deep into the conceptual foundations, technical architecture, and economic design of BetGemCasino, revealing how we've combined best-in-class technology with innovative tokenomics to deliver a revolutionary gaming experience.

Platform Architecture

Smart Contracts

Betgemcasino uses smart contracts to automate and secure several processes: Staking: Allowing players to stake their tokens and receive rewards BGC Token Distribution: Manages the issuance, transfer, and redemption of the platform's native token.

Token Generation

The initial batch of BGC tokens will be generated during a Token Generation Event (TGE). Post this, tokens will be earned and distributed based on player activity and rewards.

Token Storage

Players will have individual wallet addresses within the platform to store their BGC. This ensures: Secure Storage: Leveraging encryption and best-practice security measures. Easy Access: Players can access, use, or withdraw their tokens seamlessly.

Token Specifications

Token Name: BGC

Blockchain: Ethereum ERC-20

Total Supply: 100 million $TGC

Decimals: 18

Presale Price: Starting at $0.125 per token rising incrementally in 1 week stages,. The final price when the presale filled was $0.19.

Original Distribution Breakdown

Presale : 40% (40 million BGC)

Aimed at early investors and community supporters, this allocation provides the initial capital for platform development and marketing.

Liquidity Pool: 20% (20 Million BGC)

Staking: 20% (20 Million BGC)

Airdrops: 16% (16 Million BGC)

Affiliates: 4% (4 Million BGC)

Utility of BGC

AI Bot Credits: Players can use BGC to join AI Bot Betting Software.

Exclusive Access: Certain games or rooms might be exclusively accessible with BGC driving its demand.

Staking: Players can stake their BGC to earn rewards or bonuses.

Rewards:BGC will be a primary mode for distributing rewards, cashbacks, and promotional offers.

Exchangeability: Players can exchange BGC for other cryptocurrencies or fiat, based on market conditions.