GambleFi DAO - the first zero loss gambling system with an initial return on investment per lost bet. Users will be able to bet on various sports and eSports events.
About the GambleFi project
GambleFi DAO — the world's first investor-owned financial infrastructure, based on protocol-owned connections and liquidity that combines a decentralized autonomous organization system with brand new breakthrough gamification enhancements through zero-loss staking.
The betting platform will allow users to break even on their bets, even in the worst case scenario. As GambleFi's treasury increases through fees from services and outside investments, BETIFY participants will have the opportunity to receive dividends through the treasury redistribution system, where they can wrap their BETSLIP receipt token to receive dividends from treasury income. Booster Boxes allow you to add a recording mechanism to the protocol, which will gradually increase the treasury. They reward users with utility NFTs that come with varying levels of derogation, allowing users to optimize their bond purchases.
Other features:
| 1 | Rebasing - the process of minting new tokens, paid out to stakers. |
| 2 | When you stake BETIFY in a betting contract, you will receive the equivalent of a profit accumulation token, BETSLIP, in return. |
| 3 | BETSLIP cannot be exchanged or transferred, so you can only hold them for profit. |
Linking allows GambleFi to acquire its own liquidity and other reserve assets such as CRO by selling BETIFY at a discount in exchange for these assets. The protocol quotes the bond with conditions such as the price of the bond, the number of BETIFY tokens, owned by the obligor, and the vesting period. Bonding - a more active and short-term strategy, compared to staking, so it should be closely monitored and given more attention. The bonding is directly related to GambleFi's NFT Boosters, which allow users to shorten the vesting period when purchasing BETIFY through bonds.
Booster Box system
The Booster Box system adds a new level to the traditional rebase mechanism, popularized by Olympus DAO. Booster Boxes offer users NFT Boosters that can streamline their bond buying activities through the protocol. After the official launch, Booster Boxes will be released at 50 per rebase every 8 hours. Therefore, their daily issue will be 150 Booster Boxes.