BUSTA, an iGaming / DeFi platform on Binance Smart Chain (BSC), today announced his official launch. Players can “be the house”by pointing and holding $ BUST and earn rewards how people play And trade.
The BUSTA platform includes a decentralized exchange (DEX), staking poolse partner programs. Furthermore, the ecosystem is governed by a decentralized autonomous organization (DAO).
Launch of the ecosystem
The founders of BUSTA aimed to create a circular business model which benefits players, investors, stakers, traders, affiliates and partners. The ecosystem is designed in so that each component benefits the other; and like each one increases in popularity and volume, the whole ecosystem e community collects rewards.
Now available in Beta is the flagship of the platform game – BUSTACRASH; a progressive jackpot game similar to grandfather of crypto crash games – Bustabit.
Users can place their bets with BNB (or token partner in the future), watch the multiplier curve increase in exponentially, then click the stop button to claim their winnings before game eventually “crashes”. Hence, the longer it is round, the more could be won… but if the game freezes before exiting, the bet is lost.
Five primary components of ENVELOPE include:
- IGaming platform: Multiple features games like ENVELOPE CRASH, a progressive jackpot game.
- Trading and Staking Module: ENVELOPE contains your own niche DEX and your own farm for trading and staking $ BUST as well as i token of partners.
- Affiliate program: The program has a novel approach to growing the user base via referral link, in which both parties benefit from a steady stream of passive income from play, trade, and agricultural activity.
- Partnership Portal: Partners can list tokens on the ENVELOPE platform for constant combustion pressure for of the partner native token, which is provided by the automated revenue collection and distribution flow.
- Decentralized Autonomous Organization (DAO): DAO. of ENVELOPE allows the community to control the majority of the ecosystem in a voting process.
“We are bringing iGaming and DeFi to the next level; as there is just so much untapped potential with the technology available That people they are not using yet. We took advantage of it of that is intricate designed our ecosystem in a way which makes ours games fun and rewarding to play, incentivizes the holding and staking of our $ BUST token, And allows Our community grow exponentially “.
– Neil Apestrong, project leader at BUSTA
The ‘GameFi’ platform will be soon be released new games per core team members. the ENVELOPE team is also exploring the acquisition of everything game companies and enter into agreements to integrate third parties games in ENVELOPE. This allows the platform to expand both horizontally and vertically and expand to multiple chains.
ENVELOPE games it will be demonstrably fair and generate a small amount of sales for the ecosystem in the module of the house edge. The house edge it will then be distributed in the whole ecosystem via smart contracts to the advantage of the community and $ BUST token holders.
Bankroll and IDO
All of the games they will extract their winnings from the ENVELOPE bankroll. Initially, this bankroll pool it will be financed by a token presale. It will therefore be perpetually surmounted up with a percentage of the house edge; also by users who bet BNB in their bankroll pool for product rewards in the module of BNB and BUST tokens.
The launch of BUSTA’s iGaming platform will be followed by the initial DEX offering of $ BUST (IDO) on August 24. ENVELOPE will host two IDOs at the same time. IDOs will run on Starter, a decentralized fundraising platform for the Binance Smart Chain; more CyberFi Samurai, a DeFi financing platform.