$TOON Buybacks From ToonCino Revenue
A portion of all platform revenue will be used to buy back the $TOON token on the open market. In order to establish a further deflationary mechanism, enhance user rewards and develop deep token utility, ToonCino will conduct $TOON token buy backs in the following ways:
Deflationary Burns
A significant portion of the total platform revenue will be used to buy back and burn the token. The revenue used to buy back the token comes from both the Casino and Sportsbook verticals
Casino
10
Sportsbook
15
Liquidity Pool (LP) Enhancement
In order to continue to enhance token liquidity, a portion of all platform revenue will be used to buyback tokens and add them to LP. The amount of revenue allocated to Liquidity Pool Enhancement will be variable depending on market conditions and token price performance at that time.
In-Platform Payments Powered by $TOON
$$TOON can be used within ToonCino in both the Casino and Sportsbook verticals as a settlement currency for all games and future products that may come.
$TOON Powered Loyalty Program:
In order to drive continuous daily activity and maintain user stickiness, ToonCino utilizes token-based rewards to enhance player experience and incentivise players to remain active on the platform. These rewards are based on a variety of different metrics and are represented to the user in a gamified fashion. Users earn badges as a representation of milestones and achievements on the platform. These badges each come with a token prize. Once a user attains a badge, they are eligible to claim that equivalent value locked in that badge as a reward. Users at that point can either cash out or continue to use those tokens elsewhere on the platform.
The following is a non-exhaustive list of token filled badges that users can earn:
Daily Login Streaks
Lifetime Wagered Amount
Win Streak
Lose Streak
Referrals
Number of Games Played
All Games Played Once
Multi Sport Betting
Same Day Sport and Casino Wins
Token-Based Raffles and Giveaways:
The Loyalty Program is further established through ToonCino raffles and giveaways denominated in $$TOON tokens. These contests provide users with additional opportunities to win tokens which rewards the users thus driving greater user excitement and engagement.
Last updated