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Winbit Casino
  • Project details
    • Winbit Casino
    • Summary
    • Unique features
      • Technology
      • Decentralization
      • Safety
    • Contract address
    • Audit (Certik)
    • Audit (Coinsult)
    • KYC (Assure DeFi)
  • Platform
    • Game Providers
    • Casino Games
      • SLOTS
      • FEATURE BUY
      • VIDEO POKER
      • SCRATCH CARDS
      • VIDEO BINGO
      • TABLE GAMES
      • CRASH GAMES
    • Rewards & Incentives
      • Welcome bonus
      • Recharge bonus
      • Staking & Profit sharing
      • Burn mechanism
      • Buy-back mechanism
      • Free spins
      • Flow of revenue
    • Platform features
      • Dashboard
      • Leaderboard
      • Live reward feed
      • Public chatbox
      • Affiliate program
      • 24/7 Customer support
  • Roadmap
    • Winbit Roadmap
    • Phase 1 - Q1/Q2 2023
    • Phase 2 - Q3/Q4 2023
    • Phase 3 - Q1/Q2 2024
    • Phase 4 - Q3/Q4 2024
    • Phase 5 - Q1/Q2 2025
    • Phase 6 - Q3/Q4 2025
    • Phase 7 - 2026
  • Technicals
    • Tokenomics
      • Details
      • Distribution
    • Licenses
  • How to
    • Presale (May 28th)
    • Getting started
      • User Registration
      • Wallet integration
    • Deposits
      • Payment methods
    • Withdrawal
    • Gaming limits
    • Welcome bonus
    • Staking
  • Socials
    • X (Twitter)
    • Telegram
    • Discord
    • Customer support
  • External links
    • Website
    • Coinmarketcap
    • CoinGecko
    • DexTools
  • FAQ
    • FAQ information
    • How do I get in contact with Winbit?
    • How to clear cache and cookies?
    • AML and KYC policies
    • Terms and conditions
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On this page
  • What will happen with the bought tokens?
  • Burn mechanism
  • Distribution to Stakeholders
  • Airdrops
  1. Platform
  2. Rewards & Incentives

Buy-back mechanism

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Last updated 1 year ago

Winbit Casino allocates a portion of its monthly profits (10%?) to repurchase its own tokens from the open market. These tokens are bought back using funds from the project’s treasury. The buyback process helps reduce the total supply of tokens available in circulation.

What will happen with the bought tokens?

The Winbit team and the community will decide what will happen with the tokens of certain buybacks.

After purchasing the tokens, Winbit Casino burns them. In other words, the tokens are permanently removed from circulation. Token burning reduces the overall supply, which can positively impact the token’s price. The burned tokens no longer exist, ensuring scarcity and potentially increasing demand.

Distribution to Stakeholders

The tokens are distributed among stakeholders. Stakeholders are users that have staked their Winbit tokens in the . This distribution rewards loyal participants and aligns their interests with the project’s success.

Airdrops

Winbit Casino may also choose to airdrop tokens to specific wallet addresses.These airdrops are typically based on certain criteria or tasks completed by users. For example, users who actively participate in the Winbit Casino ecosystem, refer others, or contribute to the community may receive airdropped tokens.

Burn mechanism
staking pool