Staking IBET Tokens Can Bring Holders Up To 90% of Revenues
There is a new cryptocurrency gambling website called Insanity Bets that just announced a promotion giving away $1 million during their Initial Coin Offering. One fortunate gambler who purchases their $IBET tokens in the presale could win that big cash prize when it concludes.
But even if you don’t hit the jackpot, $IBET seems like a good token to own. You can earn passive income and rewards for participating on Insanity Bets with it. They have various token derivatives and staking mechanisms to try to keep things innovative and sustainable long-term.
For example, if you stake your $IBET as $sIBET, you get 35% of the fees from trades, games, etc. And it converts 1:1 with regular $IBET. There is also $bIBET for burning and $ILP for providing liquidity. Burners get 50% of fees, which is pretty appealing.
Oh, and with $ILP you can stake other cryptocurrencies like USDT, ETH, and WBTC to mint tokens. Then you get 90% of wager profits from players. Amazing!
They even have multiplier points for long-term stakers so you can get up to 100% higher earnings over time. Plus lower fees for betting and depositing $ILP. So if you’re into crypto and gambling, Insanity Bets seems worth looking into, especially with that million dollar lottery opportunity.
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