Vig Airdrops
Game products in the ecosystem have a cut only from the profit of winning games, this cut is simply called vig. The vig is adjustable, thus it can be different for each game, but can never exceed 10%. It is distributed to the team for developing products and marketing, BXB holders, and pool owners. All distributions are autonomously implemented with smart contracts.
BXB holders receive 50% of all the vig generated in the ecosystem. The vig is distributed to all BXB holders on a pro rata basis of the latest snapshot of on-chain token holders. Snapshot can be taken only once in 24 hours and holders can claim their vig from the vig smart contract.
The ecosystem’s vig wallet receives 25% of all the vig generated from pari bets and other pool betting games, and 50% of all the vigs generated from fixed-odds games. All funds in the ecosystem’s vig wallet is for developing products and marketing.
For pari bet games, 25% of all the vig generated from the games goes to the event owner’s wallet.
Last modified 1yr ago