5 Reasons Why $BEPRO is a Utility Token

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1. Gas Fees in a Staking Model

  • BEPRO tokens are spent as gas for gaming volume generated by our operators. Operators must first “fill the tank” and stake BEPRO to start gaming activity. As their gaming volume increases, the BEPRO stake is spent proportionally to the value of the bets — this is our revenue. When operators’ BEPRO stakes run low, they must replenish by purchasing more from the secondary markets.

2. Security

  • Prevents Wash Trading: Operators pay a percentage of the value of each bet in BEPRO as gas fees. The bigger the wager, the bigger the amount of BEPRO due. Therefore wash trading becomes prohibitively expensive the more they do it, so operators will not want to do it.

3. Oracles as BEPRO Masternodes

  • Future roadmap includes Sports betting, Esports betting, and Prediction markets that depend on APIs and community driven consensus for events resolution from Oracles (who report who really won a game, etc.) to settle bets.

4. Independence

  • BetProtocol is a general purpose betting protocol for blockchains.

5. Governance

  • A percentage of BEPRO tokens earned by BetProtocol through operators’ gas fees will be distributed to a Operator Bootstrap Fund and a Charity Fund. The community signals with their BEPRO holdings in a coinvote on how these funds should be spent.

Bonus

The CMVM, the Comissão do Mercado de Valores Mobiliários in Portugal (Portuguese Securities and Exchange Commission, a European Union level regulator) has officially ruled BEPRO token as not a security. No Action Letter furnished to necessary parties upon written request.

About BetProtocol

BetProtocol enables entrepreneurs and developers to create gaming platforms in minutes. No coding required. Thanks to BetProtocol’s blockchain technology, these platforms are secure, scalable and regulatory compliant. Its vision is to enable anyone in the world to dream of being a gaming platform owner one morning, and actually be one that same day.

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