With an annual global turnover of over $40 billion, the gambling industry has become a particularly attractive target for investment. Thousands of new companies appear each year, especially in the segments of gambling and betting, where market growth is especially fast due to the ever-growing use of mobile internet. In this atmosphere of fierce competition, a company has to come up with a unique and efficient system of incentives to gain the upper hand over their rivals.
Bitbook.ag says no to high fees
In this context, cryptocurrency-based gambling and betting platforms, such as Bitbook.ag, possess a number of important advantages. First, they can offer much lower transaction fees. Every gambler or bettor knows that depositing funds into an online casino account and making withdrawals of one’s winnings cost money — often quite a lot of money. Transferring funds from and into one’s credit card or bank account (if the user’s bank allows such a transaction at all) will easily eat up a few percents of the total sum and can take quite a lot of time. Cryptocurrency payments, by contrast, are very fast and cost just a few cents, regardless of the amount.
Fees on Bitbook.ag, which currently operates using Bitcoins, are already among the lowest on the market; the house cut rate varies between 5% and 8% for sports bets and 2–2.5% for card and slots games. Once the company launches its own token (BXK) during the upcoming Token Generation Event, the fees will be lowered even further. What’s more, commissions on Bitbook.ag do not depend on one’s geographic location; the use of blockchain eliminates the red tape associated with cross-border payments.
Innovative bonuses and loss compensation
Apart from saving money on deposits and withdrawals, Bitbook.ag clients can expect to be rewarded in several other ways — one of these is a welcome bonus system. Each new user who registers on Bitbook.ag and makes their first deposit in BXK tokens will receive a welcome bonus of up to 100% of their initial deposit. To withdraw the bonus, the user will need to play a certain number of games first (or make a number of bets) — for instance, 50 rounds of roulette. Welcome bonuses will only be available to users who make their fist deposits in BXK tokens; though the platform will allow the use of all the major cryptocurrencies, only payments in BXK will attract special incentives.
Yet another type of monetary incentive, unique to Bitbook.ag, is the program of loss compensation. It is available to all platform members who consistently use BXK tokens to play games and make bets and finish a month with a negative balance. In such cases, 10% of their losses will be repaid to them (in tokens) using a cashback mechanism. This way, Bitbook.ag recognizes the fact that those users who end up losing more than they win have shown dedication and deserve to be rewarded for their loyalty. On the other hand, players themselves will be better motivated to keep using Bitbook.ag, seeing that some of their losses are promptly compensated.
Advantages of holding Bitbook.ag tokens
Speaking about incentives and rewards, it is crucial to mention that the very action of holding BXK tokens or playing with them brings benefits to Bitbook.ag members. Indeed, tokens have a value in themselves since they are traded on the free cryptocurrency market as a special utility asset. As more and more players and bettors join Bitbook.ag and purchase tokens, the demand for BXK will naturally increase, leading to their gradual appreciation. Thus, those users who purchase tokens at an early stage can expect that their BXK holdings will eventually worth more and more, allowing them to make more bets and play more games on the platform.
Bitbook.ag plans to further stimulate the appreciation of its token by spending most of its net profit to purchase BXK on the open market and burn them. This will reduce supply, meaning that each remaining token will be automatically worth more.