🤝 B2B Partnership

Protocols could get a revenue stream from the games.

BetSwirl is a betting platform that offers to other protocol an easy, fair, trustless and decentralized way to play on interactive games.

BetSwirl's believe in protocols inter-operability.

BetSwirl knows other communities and protocols will benefit from its solutions. In becoming a BetSwirl customer, third party protocols believes our gameplay, fairness, non-custodial and trustless product will benefit their tokenomics, as well as the community entertainment. cf. Announcement

Offers

BetSwirl has several options to meet each protocol requirements.

Protocol's ERC20 listing

Benefits:

  1. Add a gaming utility to your token, entertaining your community members by trying their luck.
  2. Generate a revenue stream, for instance to redistribute it to your stakers, to burn it, or as income to your treasury.
  3. All metrics are transparently shown on our Analytics dashboard.

Diagram

economy

What's the setup process?

  1. Protocol creates a Chainlink VRF v2 Subscription used to resolve the bets fairly. The VRF fee will be charged to players on each bet in the gas token (BNB, MATIC, AVAX, ETH), the protocol will then buy LINK and fund the subscription. An initial balance of 20 LINK is recommended.
  2. Protocol registers a Chainlink Keepers Upkeep to stream the revenues to their account. An initial balance of 5 LINK is recommended..
  3. Protocol shares the token assets logos in SVG format (with and without protocol title), and BetSwirl produce the customized Coin Toss with token logo.
  4. BetSwirl configures the bankroll (protocol owner address, and protocol's token house edge share) and the games' house edge rates.
  5. Protocol configures the token (balance risk and min bet amount), and deposits their tokens on our bankroll. The bankroll is trustless, only the protocol owner wallet could deposit, withdraw, claim revenues, set the balance risk, transfer ownership, set the min bet amount, claim Chainlink VRF fees charged to players.

Details about smart contract transactions are shared in a seperated document.

What are the variables?

  • The house edge rate for protocol's token is setup at 3.5% (could be reduced for NFT holders, see below).
  • The protocol's token house edge share is 50% at minimum, and protocol's bankroll house edge share is 10%.
  • The balance risk is the risk taken by the bankroll (how much the bankroll can afford to loose on each bet), used to determine the bet maximum payout (Payout = bet amount + profit). Based on our simulations, there’s unlikely to see the bankroll dropping more than 20% on the long term with 2% balance risk. For instance, considering 10k$ worth of protocol's token on the bankroll, the maximum payout at a 2% of balance risk would be 200$ worth of protocol's token..
  • Min bet amount.

Bankroll management

As a bankroll owner, the protocol can manage the token's bankroll from BetSwirl's dApp or their white label: deposit, withdraw, set min bet amount, set the balance risk, set the bankroll owner, set the active status of the token, set the profit distribution threshold, claim Chainlink VRF fees, set the VRF subscription ID, claim profits, view the token configuration.

bankroll management screenshot

White label solution

It unlock a whole new bunch of opportunities for progressive projects looking to scale easily but without necessarily breaking the treasury.

Benefits:

  • The protocol that purchase the white label will be able to market it as their own and in their own brand name and identity.
  • BetSwirl hosts a customized gaming dApp on the protocol subdomain.
  • BetSwirl maintains and release all new meaningful features to the white label.
  • BetSwirl team supports the community managers and mods on players issues.
  • BetSwirl covers the WebSocket RPC subscription.

What's the setup process?

  • Protocol configures the subdomain to BetSwirl's hosting (CNAME).
  • BetSwirl deploys the front-end.
  • BetSwirl setup the Plausible Digital Analytics dashboard.

NFT project (coming soon)

Adding a gaming utility to your NFT holders is becoming straightforward.

Benefits:

For a project that have a NFTs collection, holders would benefit, depending on the rarity:

  1. Rakeback: % cashback of the lost bet amount.
  2. Protocol profit: % of the house edge sent to the protocol's treasury.
  3. A % of the lost bet amount could be added to a lottery that any holder could win at each bet.
  4. An increased max payout.

Customers

Contact

Inquire at contact@betswirl.com

🤖 Bots 🎲 What is BetSwirl?