Player Vs Player. This means that BNBPot is not a house that you can play against. It’s a series of contracts where players can compete against each other in a decentralized and trustless manner, at a very competitive 3% fee. This removes counterparty risk and censorship.
BNBPot will whitelist a series of BEP20 tokens that will have sufficient liquidity on Pancakeswap. They want to make sure that your users are able to swap their winnings for any token of their choice on Pancakeswap. They expect 30 to 100 tokens to be whitelisted on BNBPot at any given point of time. Certain bridged-in tokens will also be whitelisted on BNBPot.
BNBPot Basic Points Table
|Source Code||Click Here To View Source Code|
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|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
How is the winner decided?
The contract takes a series of data from the block height, the hash, the timestamp and the current price of BNB to generate randomness. For every $1 a user sends to the pot, the user gets allotted a number. The more numbers a user has, the higher is their chance to own the winning number.
What is BNBP staking ?
Only staked BNBP tokens are qualified for airdrops and lottery participation. All stakes are 100 days long. When a stake has served its 100 days, it can be unstaked at any time. A 100% matured stake, will stay staked and continue to earn rewards. All users can claim 0.01 BNB per address, one time. Users simply need to enter their address and click the “Claim” button.
A maximum of 1,000 addresses can free claim each day. BNB offers this faucet to help the users who own PRC20s but didn’t sacrifice for PulseChain. Every 24 hours the contract will use 20% of the accumulated fees to market buy BNBP. All BNBP are then automatically sent to the burn address.
What is the participation phase?
After Mainnet launch, all pots will have 1 BNBP added to the pot as a bonus. On top of that, 1 BNBP will be added to the pot for every 100 USD value added to the pot. The winner takes home these BNBP tokens as a bonus along with the tokens won from the pot. This will go on until 100,000 BNBP tokens have been given out in the form of bonuses. All BNBP earnings from the participation phase will be distributed at the end of the phase when all 100,000 tokens have been claimed.
How does the $30 BNBP floor work ?
The contract has a minimum value of $30 per BNBP hardcoded into the contract. BNBP is the only token with a minimum value in the pot. All other BEP20s follow Pancakeswap market price every 5 minutes. If the market price of BNBP goes above $30, the BNBPot contract follows the price up. BNB updates the token prices every 5 minutes. When the price of BNBP is $30 or more, the contract adds 10% to the BNBP price in the pot. This helps holders of tax tokens to swap into BNBP without losing betting value.
Why Choose BNBPot?
5% of accumulated fees are reserved for a monthly lottery for BNBP holders. Holding 1 BNBP grants users 1 ticket in the lottery. Holding BNBP works as a passive lottery subscription for the holders. Every 7 days the contract will pick a random lottery winner, and the accrued value will be airdropped in BNBP tokens to the winning wallet.
BNB charges the pot winner a service fee of 3% of the total pot value. However, holding BNBP tokens reduces this fee. For every 1 BNBP the winner holds in their wallet, 0.5% of the total fee is laid off. For instance, holding 50 BNBP reduces the fee by 25% i.e. Holding 100 BNBP reduces the fee to 1.5% lowest possible rate.
Where Can You Buy BNBPot (BNBP)?
Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On PancakeSwap (V2), As It Has The Highest BNBP/WBNB.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include BNBP/WBNB And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.
BNBPot Supported Wallet
Several Browser And Mobile App Based Wallets Support BNBPot. Here Is Example Of Wallet Which BNBPot – Trust Wallet For Hardware Ledger Nano.
FAQ Of BNBPot
Where I Can Find BNBPot Whitepaper?
You Can Find BNBPot Whitepaper By Clicking Here.
Where I Can Buy/Sell Balancer Token?
You Can Buy or Sell Balancer Token On Some Popular Exchange For Example – PancakeSwap (V2).
What is Circulating Supply Of Balancer Token?
Circulating Supply Of Balancer Token Is 1,000,000 BNBP.